Dispelling a Myth

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dispelling a myth

yahoo answers

Maybe not everyone has heard the news. The American government offers seven year tax holidays to any immigrant wanting to start a business.

If this is believable, there is also some beautiful swamp land for sale somewhere.

For the answers given online to this question, click here for Yahoo.

Snopes posits a similar claim and gives its answer.

Snopes

For their full explanation and comments online, click here for Snopes.

Starting a business of any size in America requires capital, regardless of whether a person is a foreign-born or native-born citizen, and entrepreneurs who are serious will find a way.

A good idea for a business remains only an idea as long as the one with the concept does nothing to bring it to the marketplace. Specific training in business may be helpful, but when a deficiency of understanding in regard to starting or operating a business persists, asking questions of experts willing to help may prove even more efficacious.

The difference between someone with a good idea and someone who makes a good idea work is obviously that little word “work.”

Rohit Arora, an entrepreneur who used to work at Deloitte Consulting in New York City, founded Biz2Credit with his brother, Ramit. The initial need he wanted to fill was helping South Asian and Indian entrepreneurs secure capital for their small business ventures. The Biz2Credit platform now serves both immigrant and native entrepreneurs alike.

Arora says that it’s better to bootstrap a business around a personal skill and build from there.

A lot of people only want to start once they have raised funds, Arora says.
That says something to lenders.

Arora says it sends the message that the person isn’t willing to ‘dirty their hands’ and do the hard work necessary to truly be successful.

“You need to know what you need the money for,” Arora said.

Operating from an informed position is never a foolish choice. If a person has put in the time to understand his or her business and has shown that he or she can take the initiative to get the business moving, lenders might be more inclined to offer funding.

Arora says he has not seen anyone succeed as an entrepreneur without two things: self-belief and passion.

So, this expert in the field of small business finance urges entrepreneurs to bootstrap their businesses.

Rohit continues below in a video “produced” by Biz2Credit and Yodlee Interactive. In 2014, the two companies began to complement each other’s operations.

Rohit says, “Cash flow is the life line and the blood line of any small business.”

Read More >>> about the origins of capital in startups for non-immigrant and immigrant entrepreneurs.

written by: Alan Soltys, aka “wertzgroup”

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The Business of Immigrants

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s v eWhat is the difference between someone who has lived in privilege and someone who has borne great suffering? Philosophers have decried entitlement and have warned of its slippery slope toward oblivion. People celebrate the fortitude of the one who overcomes in movies, books and the stories they like on Facebook. The message spoken by Tan Le in the video below illuminates the prevailing heart of those who have lost everything and become determined to reach beyond the stereotypes of their new neighbors. Tan Le inspires the watcher to refuse to accept anything but excellence and to open up the heart to the possibilities of exploration in a life journey toward destiny.

Tan Le: My Immigration Story

Tan Le is a co-founder and the CEO of Emotiv. From Emotiv’s site, one can discover that “EMOTIV is a bioinformatics company advancing understanding of the human brain using electroencephalography (EEG). Our mission is to empower individuals to understand their own brain and accelerate brain research globally.”

Le may be the CEO of a successful technology company, but her beginnings could not have revealed the truth of her present situation. Along with her grandmother, mother, and little sister, Le escaped Vietnam at the age of four. Their journey led them to Australia as Asian immigrants.

She described poverty and lack. She explained racism and isolation. These issues didn’t deter her.

Emotiv Insight Product Sheet 2014Emotiv Insight Product Sheet

Le discovered education, and she proved her ability. She decided to succeed and became an influence on the culture of Australia. Her story continues to prove that a person is never completely without as long as he or she refuses to accept defeat and does whatever it takes to win.

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Emotiv EPOC Specifications 2014Emotiv EPOC Specifications

Suffering produces in some the ability to conquer no matter what the odds.

Entitlement produces in some the concept that “what we have is ours and we don’t have to share.” This ultimately leads to reduced productivity, laziness, and difficult seasons of winter where the grasshopper starves while the ant enjoys the success of its community.

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Le’s story is just one example of foreign-born innovation. Regardless of location of birth, anyone has the potential to add value to the world. Those who have always had everything may not understand what it is like to lose it all. Those who have lost it all may develop the drive and have the tenacity to do whatever it takes to contribute in their communities. Le’s story, even though it originates in Vietnam and Australia, is a peephole into the truth of what is happening on the landscape of American business.

Written by wertzgroup, aka Alan Soltys.

READ MORE >>>