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Which American tax forms will you need to fill out if you have a full-time job and you started a small business of which you are the only employee?If you are operating as a sole prietor, you would simply note the results of your operation on a Schedule C, and attach it to your form 1040. If however you have a Subchapter S corporation or an LLC you would have to fill out the pass through tax returns for them, and the profit or loss from your business would be reported to you on a K1 form which would also become part of your 1040 form. If you have a Subchapter C corporation, you would need to complete one of the 1120 tax returns. You may want to visit Bizdoks at www.bizdoks.com for a better understanding why operating under the sole proprietor form of business may not be in your best interest.
Which US tax form do you fill out if you work full-time and have a 30+ hour a week small business?If you are self employed from the small business, most likely you will fill schedule C:https://www.irs.gov/pub/irs-pdf/...You will claim profit from the small business as well as your W2 income from the 40 hr a week job.You may be able to use an online service such as turbotax:Online Tax Software for Self Employment and Personal TaxesHowever, you may benefit from sitting down with an accountant.
Do you have any practical advice for entrepreneurs, such as SEO and how to grow your social media accounts?One of the things I love about San Francisco is that there are so many amazing entrepreneurs that you can meet and learn from. Over the last 5 years I’ve been living in Silicon Valley and have met with over 100 founders to find out their secrets to success. Today, I was lucky enough to grab coffee with Summer Prevé, the co-founder of Unapology, a new beauty company focused on inspiring, supporting and uplifting women.Before Unapology was a brand, it was a friendship. Summer met her co-founder, Ariane Dupont at Google in San Francisco and they connected over their passion for diversity, beauty and empowering women. In and outside of the office, they heard micro-moments of self-doubt from women throughout the day--did I sound harsh in that meeting? Does my makeup look ok? It became really important for them to create a platform for women to empower each other and stop apologizing for their beauty, success and priorities. Although it’s not just about lip color, they think lipstick is a pretty good reminder to be unapologetically you. And that’s why they wanted to start Unapology.Here are the top 10 lessons I learned from Summer and Ariane (co-founders of Unapology):Know your why - Summer and Ariane believe that Unapology isn’t about lip color. They’re building a brand that reflects values they want to share with other women - They want women to unapologetically embrace who they are, their beliefs, their success and their beauty. That is why they wake up everyday, and lipstick is just the beginning for them. Discover your why and it’ll be the fuel for your motivation.Hard work matters - Summer and Ariane started Unapology while having a full time job with Google. They would work 9 to 6 PM for Google and then the rest of the night on Unapology. Was it tiring? Sure. was it worth it? Absolutely. Have a dream? Put in the work and make it happen. Success is earned.Be genuinely curious - When they first started signNowing out to professional photographers, one person laughed at them because their budget was small. They could have easily moved on to the next vendor and disregarded this person, but instead, their genuine curiosity kicked in. They asked a lot of questions around what a good photo shoot would be comprised of and how it would be executed. They ended up having a very lengthy conversation and walked away from that call with a lot more knowledge about photography. Genuine curiosity helped to expand their knowledge base.Share your challenges, you never know who will be able to help you - When they needed tax advice, Summer called a friend from high school who she hadn’t seen since graduation. When they needed social marketing tips, they got it from a friend that Summer had interviewed to be her roommate! When they needed strategic advice on their business model, they got it from an ex-photographer met at a party. Crowdsource advice and be open minded, you never know who would could help you out.Time-box your debates - One night, Summer and Ariane spent 5 hours debating the color scheme of the packaging. Not a fun experience. They recommend to set a time limit upfront for debate, then make a decision for the sake of time and move on to the next (time-boxed) decision. Time is your most valuable asset, learn to use it wisely.Outsource until you develop certain skills - Though Avid-learners, Summer and Ariane still required help from experts; their street smarts were on point but that didn’t make them excellent designers or fluent in tax law. When they needed packaging creative, coders and photographers, they would leverage online platforms to find talent on demand. Leverage the power of technology to tap into the best talent you can find.Ruthlessly prioritize - Life passes you by if you don't make time to get your priorities straight. Regular life events (trips, birthday dinners, laundry) get in the way, so it became critical to get disciplined about working on Unapology daily. It’s just like practicing a sport, or eating healthy - starting a business is a lifestyle and mindset. It's the summation of little things that get in the way of starting a business.Don’t do it because it’s easy, do it because it’s hard - Summer and Ariane live by this JFK quote everyday. They’d regularly do 1 am-5 am founder meetings then roll into their Google jobs by 9am. It’s not easy to start or to keep going but the late nights and long hours can make all the difference. Don’t underestimate the power of consistent effort.Creativity is great, execution is better - At the beginning, they’d spend hours on strategy discussion - values, brand and audience. They were stuck in ideation and creativity mode but weren’t building a business per se. They finally started getting things done when they applied a goal-setting process they learned at Google called Objectives & Key Results “OKRs,” which is a fancy way of saying “build a to do list and grade yourself every week.” Have a bias towards action.Think about how you will acquire your first customer. Before they had the online store ready, they were already talking about their products to friends and relatives. One day, Ariane went to a girls brunch with friends (who brought their friends as well) and rolled in with their lipstick collection, the A-team. She pitched the girls the idea and had them test the lipstick. And just like that, 6 girls she didn’t know a few hours before became their first customers. You never know where your first customers might come from - test your ideas!Hopefully these tips help you in your journey!
Which small businesses make more profit nowadays?An online business! :)This is a screenshot from my Google Adsense account. Just one of my revenue streams. I have many more. Let me walk you through what I did.I've been building websites for a long time now and I'll give you some insight in how I did it and why I think starting an online business is a great way of making a lot of money with minimal investment. To earn 128k I spent less than 10k.My first month I earned 1 Dollar and 58 cents. That's it. Now… I could've thought: this is not for me. I don't know anything about online. I'm never gonna earn more than a few bucks a month. But the month after that I made 12 bucks. So almost 10x what I earned in my first month. More than 50 bucks in my 3rd month and that went up all the way to more than 6000 dollars (more than 5000 Euro's) a month. I was making a pretty decent living and I wasn't spending more than 10 hours per week on this.Along the way I had a lot of revenue drops as well. I went from 500 to 300, from 1000 to 800. And every time that happened I could've thought: this ain’t for me. Find something else you want to do. But I kept going. And I've made a lot of money sticking with it. You should too. Whatever business you choose, stick with it! You'll have some shit times ahead. You'll think of quitting. Don't! Keep going. You will succeed!Why online?Because it literally costs next to nothing to start a business online. If you pay $50 dollars a year on hosting + domain name it's a lot. But potential earnings are big. So: low cost.Don't think you gotta be a programmer with a Stanford Engineering degree to create websites. It's not hard. I know a bit of HTML (the basic markup language of a website) but I definitely don't know how to code (make functionalities beyond a contact form for example).There's so much opportunity. There are dozens of angles you can choose from to start an online business. And there are a dozen ways of monetizing your website. And last but not least: there are countless topics you could use to start your online business with.To give you an example: I have a couple of websites which are pure text based. They are the most basic form of websites. Not a single image, just plain text. And I've made thousands of dollars with them. If I would calculate my hourly earnings I would end up in excess of 1000 bucks an hour. I only spent a few hours setting it up and I've made thousands of dollars with them. You can too!But how do I start?Ok, so sounds good? But I hear you thinking: How the H*ll am I going to start an online business. First things first.Pick your topicIt can be anything. Literally anything. The best thing you can choose is something you really enjoy doing or a topic you have a lot of knowledge in.I'm a techy and someone who knows a bit about finance and law so those are the niches I choose. If you live in the US, or UK (any country that has a lot inhabitants who speak the same language) you can go for a really small niche.For example: Dogs -> Small dogs -> Chihuahua's -> Long coat Chihuahua'sIf you use Google's Keyword Research & Strategy Keyword Planner you'll see that 1000 people a month search for “Long coat Chihuahua”. That's big enough to start a website for.(The Keyword Planner by the way is my #1 tool to scout for new projects. It gives you the the search volume per keyword and gives you ideas of search terms related to the one you filled in. So with the Chihuahua you would also get kennels, food, puppies for sale, etc. And it will show you ad competition. That's usually a good comparison for organic competition as well.)If you're in a smaller country go for the Chihuahua niche.Right down about 5 - 20 topics you could go for. Start doing Google searches and see what websites are ranking in the top 50 for your topic. Look at what they're doing. Don't look at how the website is looking. Look at the content. Do you have more knowledge than your direct competitors? Can you do a better job? Can you give better/cooler/different angles? Do you have more in depth knowledge?You're @ 90% now. The only thing you still have to do is check out how much competition there is. Google “intitle:your topic” (Without the “”) and checkout how many results there are. You can find the number of results found under the search bar once you pressed enter. You should aim for anything well under 500k results. The less the better. Less results means less competition means more chance for you to rank higher. And ranking higher quicker will make you money faster.Found some topics you can start with? Great! That's step 1 checked.Pick your website / monetization angleYou want to sell products? Start an ecommerce store. Use Shopifyor if you are familiar with Wordpress, use WooCommerce - eCommerce for WordPressWant a bigger audience? Register with Amazon's seller program. And if you don't want to have all the hassle with sending and returns, you could use Fullfilment By Amazon. Just send your products over to Amazon and they will send it for you.Don't want to sell your own products? Review someone else's and register for Amazon's affiliate program.If you want to monetize the content on your website, you have a few options.Google Adsensehttps://instantarticles.fb.com (Facebook Instant articles, if you get a lot of mobile Facebook traffic)Media.netRevcontent (great for native ads / high engagement ads)And many more.There are a lot more ways to monetize a website, but these are the main ones and the ones I have the most experience with.Think about your website structureIf you want to rank high in Google, you need to make sure you're building your website with a solid foundation. Use a tool like XMind to create a mind map of your topic. Write down anything that comes to mind. Search for your topic on AnswerThePublic to see what other related questions people are asking.Create a website structure (on signNow) that is logic. Make logical categories with the biggest topics. And branch out to smaller niches within your niche. You can also look at it like it's a tree. You have a main branch, some smaller ones and many tiny ones.Use Google's Keyword Planner to see where the volume's at. Don't choose categories / search terms that have next to nothing in volume. You need at least a couple hundred searches a mount on your sub topics. Preferably more if there isn't too much competition.Setup your website / webhostingDepending on your technical skills, you could just rent a bit of webhosting somewhere and install Wordpress on it. Or if you really haven't ever done anything like it, you could just use Tumblr.com. You'll have a blog setup in seconds. You only need to know how to type :)If you have a bit more knowledge, just use Wordpress. You need a bit more knowledge. Buy a domain name. Download Wordpress. Setup a database on your webhosting plan. Change the wp-config.php file to match your database settings. Upload all the Wordpress files to your webhosting via FTP (What is FTP?). Go to your domain and start the Wordpress installation once all the files have been uploaded.Start typing (assuming you are monetizing your content)The most important thing any website needs is content. Easiest is just plain text. Extra cudo's for images and video's. The more original content you can create the better.People want answers to their questions fast. And people also want extensive articles where all the ins and outs are explained. So put the most important content at the top. Ideally you'll want to create in depth articles that contain more than 2000 words each. Don't worry if you can't create these all the time for every (sub)topic. But it would be great if you could.Search for your (sub) topic on Google. Look at whats in the top 5 again and just do a better job. Preferably a 10x better job. More extensive. Better. Nicer looking. Video. Etc. Better can be done in 10 different ways.Find link partnersIf you want traffic to your website, you need to be found on Google. And in order to be found on Google, you need lots of links pointing to your website.Here are some good resources about links and linkbuilding on Quora:What are the best ways to build links for a website?How can I create quality backlinks?In short: either create great content (together with someone who also has a lot of knowledge and a website in your niche) so it's worth for people to link to your website.Or contact other website owners and ask them if you can create a guest blog on their website .It's gonna take a whileIt usually takes about 6 months before you start to really see the needle moving. I have my first visitors on my website after a few weeks. But you need to just keep at it. Keep going. Create more and better content and keep signNowing out to people to see if they want to link to you. If you keep getting a “nay” than your content isn't good enough. Don't start paying people to link to you. Just create better content because that works both ways. Your visitors will find your website more valuable. People will link to you more often because your content is more valuable to their audience.See what sticks and continue in that directionI started multiple websites with different topics. Not all of them where as great as others. Keep trying for at least 6 months and once you see the needle moving you can decide where you want to put more effort in. You'll see that some websites will generate a lot more revenue than others. So after a while it becomes pretty easy to make the right choices.Stick with it! Keep creating great content. Keep sharing your knowledge and you will build a profitable online business at minimal cost.
How much does it cost to start a 501(c)3 in NYC?According to the Department of State, Division of Corporations, State Records, and UCC for New York, you must pay the statutory filing fee of $75 (as of July 2017) along with a small fee to check name availability.Filling out your non-profit forms accurately is very, very important. Ultimately, what you put in your documents may affect whether you are (or will remain) tax-exempt. Now, with that being said, your state documents aren’t the only documents you must complete. You must also fill out an Application for Recognition of Exemption with the IRS. Some non-profits are eligible to fill out a streamlined version, but you should talk with an attorney or tax professional to determine which one you should complete.You may also be required to obtain certain permits or licenses in New York (at either the city or the state level). This depends on what your non-profit will do or sell in order to raise money. Without the right permits or licenses, your non-profit could be shut down.You also need to write bylaws and appoint directors to the non-profit. Directors are important and should be chosen with care. They make important business and financial decisions for your non-profit. They will also officially adopt the bylaws at the first board meeting. The bylaws explain how the non-profit will be ran.Because non-profits must remain in compliance with state and federal law, it’s a good idea to first speak with an attorney and maybe even consider allowing the attorney to fill out the documents. It’s really worth the price since the tax-exempt status of the non-profit can be affected by a mistake. If you’d like to speak with an experienced attorney, check out LawTrades. Our legal marketplace has helped connect many entrepreneurs with experienced, non-profit attorneys to get them up and running. Hope you give us a try!
Have you ever been called for jury duty for a murder case?I have.300 people were summoned for selection. Somehow, I made it through selection and onto the jury.I looked like a naive child. At 24, I was the youngest selected.It was a triple murder and the setting was like something out of a horror movie.The people involved were a backwoods family living on the bayou in a tiny village accessible only by a single road. It was a long drive in.The defendant was poorly educated and the boyfriend of one of the family members. She was at least ten years older than him and later indicted and convicted in the same crime.Three family members were brutally murdered. The girlfriend's mother was stabbed repeatedly. Her sister had her throat cut and the sister's husband (also the girlfriend's ex) was killed by a shotgun.Over a hundred pieces of evidence were methodically entered by the DA. Witnesses were called.The defense attorney proceeded to make a fool of himself in multiple ways. He challenged the pattern of the shotgun blast in front of a jury full of people well- in the workings of guns. The firearms expert looked stupefied by the questions he asked and patiently repeatedly tried to explain how shotguns work.The defense claimed the exact opposite of what was said by the forensic pathologist regarding the effects of alcohol and Red Bull on the body and claimed that she had said that.He completely failed to maintain a shred of reasonable doubt against the case of the DA. If he had chosen to argue for manslaughter rather than first degree murder it is conceivable that he could have caused enough reasonable doubt in the jury that the outcome would have been different. A mistrial, perhaps. However, he chose to argue for complete innocence and that the girlfriend was fully responsible for murders she wasn't physically capable of managing.We voted unanimously for two counts of first degree murder and eleven yes to the third.It's funny, though, how it affected me. For three days, I lived and breathed that trial and want allowed to talk about it with anyone. I absorbed and internalized massive amounts of information.For months afterwards I would have been capable of recreating the markings representing the injuries to the deceased on the autopsy reports. I can still call the crime scene photos to mind if I try. I don't usually try to remember anymore. I no longer need that information and vestiges of it haunted me for a while.I panicked one day when I found a rechargeable battery handset phone under a pile of laundry. Police had found one in the woods after the murderer had used it to make a few calls.I couldn't look at sharp knives without recoiling and feeling a bit as though I was being cut myself. I had an unnecessarily bad reaction to my mom buying my ten year old brother a set of fish fileting knives for Christmas. I had panic attacks just thinking about those knives being in the house and belonging to my brother even though he wasn't allowed to use them without proper supervision. I was afraid he'd accidentally hurt or kill himself.One day, I was managing the cash register at my job and a nice grandfather man came through. He paid with a check so I had to ask for his driver's license. I turned back to my register with the license and the check before even checking the name. But when I did, at first, I thought it was the name of the dead man. And technically, it was. There was just a senior on the end of the name rather than the junior I'd heard so many times in the trial. “Oh, my god,” I thought. “He's living every day knowing his son was murdered.” I felt my vision go dark around the edges. I couldn't breathe. Just as I nearly lost my sight completely it started to come back. Somehow, I managed to nearly pass out in front of the father without letting on to a thing.I was staying at my grandmother's, and that night the pinging and twanging of her oxygen machine kept me awake and on the verge of a panic attack. I couldn't get the image of the dead lady's oxygen tank out of my mind.After that, I started to get better. And with the trial over being able to talk about my experience also helped to get over the trauma.I was naive going in. I was confident I could handle the trial. I did handle the trial. I'm confident in my decision and I am pleased that I gave my best. But I had no idea that the trial would haunt me the way it did. The difference between a criminal trial and watching a show like Criminal Minds or Bones is that knowledge that what you see in the trial is real. I ended up with PTSD from the trial. I have never once been similarly haunted by a crime scene television show.And yet, even knowing that I can be so negatively affected by a trial, if I'm called for jury duty again I'll still go. Why? Because I am the kind of juror I'd want hearing my own case if I were ever on trial. So, I think it's fair to be that juror for someone else if it's required of me.
What's the best contemporary designed sign-up form, in terms of UX, on the internet?Our in-house UX designer holds the Airbnb sign-up form up as an example of excellent UX design.These are his main reasons, which are all aspects that are easily transferrable (and that we always use on our forms!):Social media access - giving people the option to sign up with Google or Facebook allows them to choose an option that suits them (people love to feel in control - it’s the autonomy bias). They are also aware that signing up through social media may be a much speedier process which is always an attraction and, even better for you, it often allows you access to certain parts of their profile and details so can be an excellent source of invaluable data.Progressive disclosure - Instead of displaying the whole form on the first page, Airbnb uses progressive disclosure, only opening up the full form once the user clicks on “Sign up with Email” which keeps things clean, simple and doesn’t intimidate the user as they are being slowly introduced into the sign-up process.Column layout - There is just one column with each field listed one underneath the other. Again, this keeps it really clean and simple with ample space to fill out the fields.Icons used inside the fields - The icons bring a nice design element to it and also just add that extra ease of comprehension - you see the mail icon and you know that’s where your email address goes. The easier to understand quickly, the more likely it is that people will convert (this is because of Cognitive Ease).Password strength validation - This is always a reassuring tool to provide your customers. Security online (or lack thereof) can be a big factor in putting people off following through with a sign-up or purchase and so lending them this helping hand to show them how strong their password is will give a sense of safety and satisfaction.Overall field validation - When a field has been successfully completed, it is highlighted with a green outline to validate this clearly. It’s a nice way of giving the customer a sense of completion and closure for each step and letting them see their progress - this type of positive reinforcement can be useful in encouraging people to see through the sign-up process until the end.Clear indication of errors - Equally, it’s important to clearly notify customers when there is an issue with one of their completed fields. There’s nothing more frustrating than spending time filling out a form only for it to refuse to submit but with no clear identification of where the error is. Make it quick, obvious and easy for them to see and rectify any errors to ensure frustration doesn’t lead to a swift exit.At Convertize, we’ve compiled our neuromarketing and optimisation expertise into a list of 250 tactics - you can check them out here!
What are some tips to starting up your own small business?I started a real estate business at the age 19 without any of the advice from anyone if I was given the following advice I would have easily avoided tons of hard work and failure. I went on to start 2 other successful startups and now helping a friend make his own. At this moment I work as a consultant. Below are some advice which I learned the hardest way .. there is a small secret in the end of the read..Make sure you are on board - what do I mean with this? What I mean is that, You need to get excited and the idea of business should make you go crazy happy and full of opportunities. You are the face of business people will follow you if you yourself are convicted with this business idea.Hire trustworthy people- this is probably the hardest part of business. If you are growing into a big venture, bring in your friends whom you trust the most and who will be ready to do whatever you say for the business. Such people are very hard to find and most businesses fail at this point forward.Do your research- Now a days real invention are so rare that if someone makes a new invention people look at them like they discovered fire. So a good chance is that someone has already started what you are going to start. The best you can do in this situation is improvise on the idea and make a new product or service. Much better than anyone else.Don't be the man in middle- if you are thinking of working full-time and starting a business then you are in so much trouble. The venture which will take 2 years to build will take 8 years because you are dedicating 40 hours per week to your full-time job. Quit either of the things and focus on one.It takes money to make money- Back in the day when Jesus was alive it took a lot of capital to start your business. But in today's age with a smart phone and internet you can start so many crowdfunding programs that the limit is infinite. Plus you also have access to thousands of venture capitalist who will invest in your idea. Those who tell you that you need to have a lot of money to start your business have probably started their business back in the 60s.Never give up- easier said than done. When I first started my real estate business in Mumbai. I woke up at 4:30am took the train at 5am and went 15km to churchgate(downtown Mumbai) opened my office where I worked alone and from 7am till 3pm cold called everyone on my call list to buy an apartment. Rejections were the maximum amount but those who accepted my cold calls and bought the apartment are the reason why the business ran so well.Remove the negatives- Look business and startup is a very energy draining job. The last thing you want is negative things or people brining you down. If you are really invested in the business then you will start seeing people leave you. Don't worry they will be replaced by much better ones. But it's your job to tune out the negatives.Don't forget to enjoy - have 12 hours/week for yourself. Don't do anything during that time related to business. Focus on other important things like family and me time! You won't get this again once your business takes off.Go to Investopedia - Sharper Insight. Smarter Investing. and Entrepreneur - Start, run and grow your business. to gain some knowledge about financial terms. Make that your vocabulary, you will need it to understand business and talk to businessmen as that's the language of business.Dress professionally- this goes long way because in today's world people view you by the way you dress. OK I understand that you are thinking about that Facebook dude who wore a t-shirt and hoodie. Well this is not the birth of internet and you are not the founder of FB and twitter. In real business which involves extremely smart people, self confidence and charm along with physical appearance plays a key role.Remember you are the leader and influencer don't let anyone take that position from you no matter who it is.Here comes the secret- Most people in this world, 96% will say that they want to start their own business but has it ever occurred to you why only the top 4% make it to the finish line?? Well let me tell you, it's because 96% people will never put the amount of work which the 4% puts in. You need to decide which side of the spectrum you are on.Cheers and happy venturing!!!
Is it bad that big chain stores like Walmart are killing mom and pop shops? Do you care where to buy things that you need?You can’t solve a problem by blaming the wrong cause. Big chain stores are not killing mom and pop stores. Let’s look at the top two culprits:1) CustomersCustomers are the proximate killers of mom and pop stores.Now, this should be obvious, but I guess we need to remind folks: Customers themselves are choosing to take their money to big chain stores rather than to mom and pop stores, which results in … (Ta-Dah!)… the death of mom and pop stores.Why? Let’s turn again to Business 101: Because the big chain stores give customers a better tradeoff of price, assortment, selection, convenience, terms, hours, environment, parking, credit, financing, inventory, etc.The customer is getting more total benefit for their dollars and for their time by shopping at big chain stores than they would receive by shopping at mom and pop stores.Now, those (few?) authoritarians who realize this, complain that the customer is a dum-dum, and they try to replace customers’ preferences with theirs.But that’s not fair! It’s the customers’ money that their labor created, and it’s their time that they are spending shopping. Frankly if these authoritarians had any empathy and humility it would be obvious even to them: customers should be able to spend their money and their time wherever they durn well please! (But, thank you for your opinion, Big Brother. :)In fact, some people could argue that those who condescend to tell customers what their tradeoffs “ought to be”, given that they don’t even know these people and are rarely anything like them, are the real dummies.And arrogant dummies to boot.2) GovernmentBut a more important question can be asked: “How can big chain stores offer such a better package of shopping to customers?”Which brings us to the second biggest killer of mom and pop stores (and, as you will see, this culprit directly impacts killer #1.)It’s government.More specifically, it is the government’s heavy-handed, bureaucratic implementations of taxes and regulations and zoning and inspections and reporting and minimum wages and background checks and licenses and handicap access and bathroom requirements and window display restrictions and shake-down lawsuits and equal employment and affirmative action  and immigration enforcement , and trade barriers, and restrictions of personal safety, and social security and withholding and insurance regulation, and sexual discrimination, and sexual harassment, and sick leave, and …… and ad seemingly infinitum .Government, because it “cares so much about us”, creates far too much overhead and hassle for mom and pop to be able to handle on their own. It makes running a small business much too costly and too hard, and sadly, way too much of a headache, relative to how Big Business can amortize the high government overhead costs across numerous business lines and numerous employees and headquarters staff.So, the customers see higher prices, less selection, fewer hours, worse environment, less customer service, half-dead owners, etc. and they make their decision accordingly.But what they don’t see is the cause, their noble government helping them out. (Motto: “Caring uppermost for the consumer, and of course, for our friends, the mom and pop store”).Optimism among small-business owners remains below average, with owners reporting no net growth in employment. And yet they don’t report competition from larger businesses or poor sales as their top concerns. Instead, they list “taxes” and “government regulations and red tape” as their biggest problems- Government is killing small business - The Boston Globe(Notice in the graphs below that “regulation” and “taxes” have almost always been bigger concerns than “big business” for small businesses:)Source: http://www.nfib.com/assets/SBET-...Solutions: Authoritarian versus LibertarianThe normal authoritarian fixes are to pass more laws and more regulations, but this time, the authoritarians assure us, why, they’re going to protect the mom & pop stores and hurt those big mean ole’ chain stores. Because authoritarians? Why, they ain’t nothing if not always on the side of the little guy!Ha!“Please, Br'er Fox, don't fling me in dat brier-patch!”They are ignoring decades of public choice theory. Do they not understand regulatory capture?“More government?”, Big Business strokes its chin. “Ex-ce-lent!”Large companies will just spread out the costs of more lobbying, of “working with” government, of expert testimony, of writing regulations, of providing jobs to retired, helpful regulators, of court cases, of campaign contributions, of public relations projects, of conventions, of hosting junkets, of putting together “educational retreats”, of fees and taxes and reporting costs, of ….The mom and pop stores? One thing we know for sure is that they won’t be there, camped out in the regulators’ offices kissing butt and filing hundred page briefs and attending hours of boring “public hearings”; they’re too busy toiling until 2AM filling out their government report forms, and then getting up at 6Am to sweep their sidewalks.The libertarian solution is simple:Take Big Government out of the equation. If customers want certifications, and assurances, and insurance, and special privileges for certain favored identitarian groups, well, let private companies offer such certifications. Small businesses will be able to decide if the costs are worth the customer benefit, and customers will themselves weigh trust in their local provider versus third-party assurances.Let the customers decide. We can’t know if Big Business will win out over small business, even if we remove the inevitably unfair advantage of Big Government. But when Big Business is not being unduly, unfairly advantaged by the violence of Big Government, we will be able to find out! How? By watching how customers decide to voluntarily spend their own money when small business are not hamstrung by bureaucratic busybodies.And if big chain stores win out, why, good for them! But right now, it’s not fair. The winner is more because of the interventions of Big Government, and not what is best for us customers and certainly not what is best for mom and pop.Unfortunately, most of the people who purport to be concerned with the disappearance of the mom and pop stores, why, they have all types of solutions … … and every one of them start with increasing Big Government.And then they scratch their heads and wonder, “Where the heck did all those mom and pop stores go?”(Must have been Walmart that done them in!)See related:How Government Favors Big BusinessCan libertarian small government eliminate crony capitalism?Who benefits most from Big Government?Do libertarians ignore economies of scale?How Government Destroys Society ValueWhat would business owners do with the cash from a tax cut?How does licensing hurt the poor?Who should regulate capitalism?The Arrogance of GovernmentAre libertarians or authoritarians more narcissistic?What mistakes do politicians repeatedly make?How are government regulations a threat of violence?What types of people want to regulate others?Why Private Folks Would Do a Better JobWhich is more effective: government regulation or private certification?What regulations do libertarians advocate?Do employers actually want to pay their employees lower than minimum wage?What libertarian reforms could be done at the local level?How libertarians solve the transgender bathroom issue?→ Other Cronyism Essays by Dennis Pratt→ Table of Contents to Dennis’ Libertarian WritingsFootnotes The Heavy Tax Burden and the Plight of the Small Business - Being Libertarian Small Businesses Win Some Regulatory Relief small business - Karl Dickey's Blog https://www.cityofboston.gov/ima... 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