I was able to read an interesting article on CNNMoney.com this week regarding the climate for small businesses in the world. I was rather shocked to find out that the USA is NOT on the top of the list. Although we are near the top, the US did not make the first spot. The major factors that make a country entrepreneurial friendly include but are not limited to bankruptcy laws, tax policies, and employment regulations. Countries that have a solid foundation of laws and regulations typically faired better than their counterparts who did not have established laws, policies, and regulations.
For a look at the detailed list of countries by their rank, and to read the article on CNNMoney.com, check out the following link:
This article is a great read for those thinking about starting a business in the near future and/or thinking of starting an international operation. After gaining insight from the article, be sure to stop at the College Park library for the “Small Business Series” seminars, hosted by The Brico Group, Inc. These powerful seminars will provide the attendee with useful information on various topics including are you’re an entrepreneur type, business formation which entity is right for your business, taxes, and accounting, organization, filing and much more. For more information feel free to visit our website.
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