ADSactly on ADSACTLY - Creating Value - Part 9

milano1113 (58) 7 years ago (edited)

The giant gap between the rewards for the value brought to the table is the final reason for an intelligent person to decide to leave the machine and start something on his/her own.

Believe it or not START-UP NY offers new and expanding businesses the opportunity to operate tax-free for 10 years. Not all of them. As I’m aware, you have to meet certain criteria to qualify. I know it’s diferent in other states and other countries, but that’s what we have where I live. This is a great opportunity for new startups. The reason I opened my own small business was having “enough” working 10-12 hours a day for some company since I was exceptionaly good in my profession. In NY it’s very easy and simple for new startups and if you are creative you can save a lot on taxes as well. For example owning a house and having your office in your house gives you a huge tax deduction opportunity. There are so many things you can do while owning a small business instead of working 9am-4pm where you can’t do much. I have never regreted quitting my job for a small business.

$2.96

4 votes

motordrive (54) 7 years ago

The thing about startups is once they get successful, they too can join the crowd of successful corporations that put profits over people. Amazon and Facebook were once young startups, but now you hear stories of warehouse workers in Amazon urinating in bottles to save time, or how Facebook doesn't properly protect the privacy of its users; as long as it can sell user data for money, does Facebook really care?

On the other hand, some job roles at some corporations aren't so mind numbing and horrible - it depends on the leadership and if they understand that working people too hard produces diminishing returns, burns them out, and encourages them to leave. (although I guess if you live in Japan, what I've heard of its work culture implies that no matter where you go you're stuck in that vicious cycle)

But the most successful startups can change the world; Amazon and Facebook are doing things that people demand, it's just that what they do don't come for free. They're successful because they figured out how to make a ton of money by satisfying consumer demand - and possibly also by lobbying successfully against higher (or any?) taxes even if their massive growth may contribute to local rent and land value increases which can outprice people who lived there all their lives.

Maybe your next post would address this anyway; it seems like a way to connect this post and your last post together haha

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5 votes

kouba01 (81) 7 years ago (edited)

As I read your question I remembered a story described in Napoleon Hill`s book called Think and Grow Rich. Although this story is used in the book to represent one of the main ingredients on your path to achievement, which is a Burning Desire to succeed. Still you will see that this story also tells you how it is to be an Entrepreneur:

“A long while ago, a great warrior faced a situation which made it necessary for him to make a decision which insured his success on the battlefield. He was about to send his armies against a powerful foe, whose men outnumbered his own. He loaded his soldiers into boats, sailed to the enemy's country, unloaded soldiers and equipment, then gave the order to burn the ships that had carried them. Addressing his men before the first battle, he said, "You see the boats going up in smoke. That means that we cannot leave these shores alive unless we win! We now have no choice--we win--or we perish! They won.”

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4 votes

whack.science (71) 7 years ago (edited)

Time flies when you're having fun, especially when you learn valuable lessons - it's already part 9!! That's amazing!

We must seize this technologically advanced time and use it for benefit of all mankind. Greed must begin to be our enemy, too long we have been friend with it. It is time to change our thoughts and start creating value for all of us, not just ourselves.

My sister and I will probably start our graphic design project featuring helping poor people. The idea is still to be discussed, but we love to be creative and we love to help people. So probably it will be more like creating graphics and then give money from the earnings to the poor. In my country, there are more and more poor people going through trash searching for food. I cannot believe and accept the fact that in this age of time this is still happening. It really hurts me to see that and my plan is to raise some money for them. I want to hear tjeir stories and share it to the world. Who knows maybe some of them is a genius hidden on the streets of my time. Whether he/she is or not, I want to help them somehow. This will be the first step to achieving that, maybe something bigger grows out of this... Time will tell...

Free your mind and the rest will follow. Much love!

frank1in (60) 7 years ago

I agree that there is a great division between people creating value and those who do not create values. Very often I see incompetent people in public institutions. They take up posts, but in fact they do not represent themselves. They got into such positions thanks to nepotism. But at the same time, there are many people who would do this job much better. But they do not have "influential" relatives. This is social injustice.

Many people get tired of working and spend a huge amount of their time on it. They leave their happiness at work. But in return everyone wants to get a decent salary. But in reality we see the opposite picture. People spend energy, strength and time, and most importantly the resource of the brain (ideas) and do not get a decent payment. Therefore, many smart people prefer to run their own business.

In our time, we have a lot of opportunities to maintain our own business and not depend on employers. You can become your own employer. With the development of digital technologies, this has become even easier. Now we can be in any place where there is Internet and earn money. More and more people are engaged in virtual business and it brings them revenue. Now there are many opportunities that should be used by all who want to change their lives for the better.

An excellent chapter. Good "food" for the mind!

fishyculture (60) 7 years ago

Funny the things you stumble into in this life... I tried to start a business once, about 10 years ago. I tried to start 7 businesses, actually. I kept running into government red tape and gave up. I took my retirement and started farming and tried to unravel myself from the fiat economy best I could. Now you all have me dreaming... I do not have to engage the fiat world again to start a business and that is an amazing concept. I think I have my idea... I confess I am almost afraid to type it out lol! I write ditties, I am good at it. I could do jingles, musical slogans kind of stuff and I think I could even market them...
For now we are about to take a vacation - leave in two more days. My husband and I will have almost three weeks to kick ideas around. He is nearing retirement age now and has always wanted to run his own business. Going to be some interesting conversations on this trip! THANK YOU for getting the wheels turning in my head again.

2 votes

broncofan99 (64) 7 years ago

I think that most people see the issue with their efforts not only being undervalued but under-rewarded as well. It is common to hear discussion around the water cooler of having your own business, or not working for someone else. Many a bright mind has had this thought stroll through their head and quickly be disbursed. Why? Fear! Society has become so indoctrinated into the way things currently work that they fear what could happen if they step out of line. Our lives have become bound to and dependent on the corporate giants putting food on our tables and a roof over our heads. Even though the opportunity for better food or roofs is possible society fears the risk of having no food or roof at all. The big money institutions hold us hostage, sucking even more value out of our hands as we scramble to find a safe place to hide it.

At some point, the fear of what's currently the norm must exceed the fear of change. At that point, you will see a revolution. The question is, how far away are we? The revolution has already begun in my opinion, we just need more people to open their eyes to what they really should fear and act.

jvanman (51) 7 years ago (edited)

I feel like the corporate world turns us into robots. Why can't we just cut capitalism? Haha very difficult to do that, in fact it's just on the uprise.

My question is, how do you take a risky step when all you have known in life is faillure? How do you invest time in something when you have a family that relies solely on your support? I had dreams to make it big. I had an athletic career ahead of me, but I am now bordering on too old. How do you get that lucky break that you need? Hard work doesn't cut it, ask me, I have not stopped working. I feel like it is inevitable for me to end up never being able to take my wife out to the zoo or to the movies and buy popcorn and snacks. Probably sounds like complaining, but sometimes you realise your setbacks and obstacles might be too big to jump over.

Any entrepreneurs here that were in the same boat as me? Maybe some motivation from someone real?

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mrashik (1)(1) 7 years ago

Same rules, same game, just more sophisticated, more deceiving. But humans are always in the quest for freedom and love is still a fact that keep us alive. We are becoming more creative and we are embracing new technologies that allow us to share instead of competing, that allow us to do the things we love to do and that makes us independent from a system that wants to keep us enslave. I would also say that we are changing the rules and the game. We are living very interesting times. This is a great blog, with great opinions of wise people. This moment and my life are enriched by all of you. @adsactly this really important post and very valuable post.

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