He is 10 years old. He wants to run his own business when he gets older. He is very responsible and has a great deal of skills that it would take. I just have no idea where to start. Is there an online community or a webpage that gives ideas for children and support? What steps do you think we should take? Any other info would be greatly appreciated.
Sometime ago I was watching a TV interview of the famed music mogul Quincy Jones. He was speaking very eloquently and with a degree of passion regarding his business pursuits. He spoke in a fashion that made his business interest seem very cool, hip and even sexy. He then framed it all into one simple declaration; I am an entrepreneur.I then said to myself, “I’m going to be an entrepreneur”. Mr. Jones enrolled me into becoming this word we call entrepreneur. Now my definition of entrepreneur at the time was someone who started businesses, created new products and concepts, made things happen and lived an exciting life. When I was a young boy my father used to make me read the dictionary so that I would expand my vocabulary. So I decided to look the word up and here is the definition I found.One who organizes, manages, and assumes the risks of a business or enterprise.No I said to myself, this couldn’t be right! Merriam-Webster’s has it wrong. An entrepreneur is a take the bull by the horns person, an innovator and business leader. Further I read that an entrepreneur assumes the risks and/or liabilities of a business. Baloney I thought, the dictionary has it wrong.Well some years later I started my first business and along with that hired a business attorney. He proceeded to tell me all the ways I could be sued or get into problems with state governments even if I was doing nothing wrong. He would tell me how I needed to manage my risks and liabilities. (As a side note in the 2-½ years I ran that first business till I sold it I never had one legal problem).I then recalled reading the definition of the word entrepreneur. Hmmm I thought, well I guess the old dictionary was right. But I was right too. An entrepreneur can be all of the things I’ve stated as well as assuming the risks associated with being in business.Entrepreneur or Employee? We have now entered 2009 and many of you need to make that decision. Not everyone is cut out to be a risk taker and become an entrepreneur. So the alternative is to go out and get a nice, safe and secure job. But alas my friends because having a nice, safe and secure job is now an oxymoron. Therefore being employed is taking a risk as well. The era of working for a company for 30 years and retiring with the gold watch is over, gone, done.Who could have ever have imagined that companies like GM, AIG, Citigroup and others could be near collapse. Or that giant Wall Street firms Lehman Brothers and Bear Stearns would cease to exist.My point is obvious, whether you embrace entrepreneurship or employment, either way you are a risk taker.
Working from home can be a very rewarding experience. It allows you to stay in the comforts of home doing what you really love. Millions of Americans and people all over the world have found a unique way to tap into their experiences and skill-sets as a way to earning a living at home. Before you leave your day job, there are a few things you should know before you go into business for yourself.
From the 1st of January 2009 it is easier, cheaper and quicker to establish a small business in France than it was in 2008.The French government decided to simplify the auto entrepreneur system by lowering the social charges, the minimum capital, simplifying the administrative conditions of creation. It is really easier and cheaper to start up a small business in France, even for the foreigners who settle in France. With this new law, a small business can be set up on Internet. The registration in the “Registre du Commerce et des Sociétés (RCS)” or in the “Registre des Métiers (RM)” is no longer compulsory. Moreover, the individual entrepreneur can with a statement made by a public notary, avoid the possibility for the debt collectors to seize his properties but only if they are not used for a professional purpose. The necessity to have an administrative permit to use the ground floor of the main house as an office or as commercial premises will be no longer compulsory.This new auto entrepreneur system applies only for 2 types:- For a business which has a turnover below €80,000/year (tax not included) with an activity of selling goods, objects, furniture, catering or an activity of providing accommodation. – For a service industry which have a turnover below 32000€/year and which come under the category of industrials and commercial benefits or of non-commercial benefits.Furthermore, the auto entrepreneur has now the choice between paying his social charges monthly or quarterly and they are calculated thanks to a percentage on the amount of turnover. This percentage is 12% for a commercial activity and 21.3% for an activity in the service sector.The main advantage is that if an auto entrepreneur does not have a turnover, he won’t have to pay social charges.The taxation system of the new auto entrepreneur system is also favourable. Indeed, if the maximum level of income is reached, the monthly or quarterly tax is based on a percentage of the turnover: 1% for a business selling goods, objects, furniture, take away or provides accommodation. 1.7% for a business which the activity is to provide services which are not in the 80 000€ threshold. This option is only available for auto entrepreneur who have chosen the “micro-social” system (i.e., the system in which the auto entrepreneur can chose between monthly or quarterly income tax payments). If the minimum level of income is not reached, the taxation system will be the “micro-entreprise” system (one man industry). Another benefit is that the auto entrepreneur does not have to pay the “VAT” on their business activity. In conclusion, this new system is really helpful for the foreigners who wish to set up a small business in France (i.e., writers, accommodation, translating, teachers…). For further information, visit this website : http://www.auto-entrepreneur.fr.
