From floristry to food deliveries: ‘I created a new business in a week’
This being the entire point of the game. Free entry into the market.
Sure, 98% of such attempts fail, many are entirely doolally to start with. And yet people being able to do this is the motor that drives the entire society forwards.
Perhaps we should try to recapture some more of that most profitable liberty once this is all over?
What an opportunity to further unburden startups, perhaps even fund some of them, to kick start the economy? What about printing some money to fund them – I appreciate this will devalue sterling but surely if the businesses perform well this will overcompensate for such devaluation on aggregate and everyone wins? The inflation also kills of the national debt (and everyone else’s). Savers can invest in the startups (a state-backed Funding Circle) and make money too?
Zaubeergeldbaum,
No, we don’t want the men of the ministry picking winners. That’s a burden on all the good startups that they don’t pick and their record is mostly terrible.
BoM4 – I think ZGB is being ironic here.
Mind you, if you believe Jeremy Corbyn (and who doesn’t?)Jewish Peyps don’t understand irony and his name sounds Jewish to me.
I was watching an episode of, I think, American Dad, and some state officials came along “You have no permit to run this lemonade stand!”
Yerwot? Isn’t this supposed to be the Land of the Free? WTF would you need state permission to freely enter into mutually agreed trade transactions?
Indeed Spud himself is dispensing wisdom on the AccountingWeb website on how accountants should take advantage of this surge of new businesses.
I think the entrepreneurial spirit might have taken a knock………..the government being able to atomise your business sector not due to any fault of yours, might be another, large, reason not to take the risk.
For those who weren’t paying attention to that first comment:
Zaubergeldbaum = magic money tree.
I was watching an episode of, I think, American Dad, and some state officials came along “You have no permit to run this lemonade stand!”
Yerwot? Isn’t this supposed to be the Land of the Free? WTF would you need state permission to freely enter into mutually agreed trade transactions?
This story comes up every summer, its probably happened once or twice and now it seems to happen in just about every city and town at the start of the newspaper silly season.