Opportunity Economy

[AlBUNDY4TDS]

Can someone clue me in to what exactly this means?

[Roundybout]

Removing barriers to entry for more Americans to participate in the economy as producers. This includes programs like business incubators, start-up assistance, and MWBE grants.

[L Ron Burgundy]

24 minutes ago, Roundybout said:

Removing barriers to entry for more Americans to participate in the economy as producers. This includes programs like business incubators, start-up assistance, and MWBE grants.

Definitely communist.

[JaCrispy]

33 minutes ago, Roundybout said:

Removing barriers to entry for more Americans to participate in the economy as producers. This includes programs like business incubators, start-up assistance, and MWBE grants.

“Business incubators”? 
 

What is this?

[AlBUNDY4TDS]

1 hour ago, Roundybout said:

Removing barriers to entry for more Americans to participate in the economy as producers. This includes programs like business incubators, start-up assistance, and MWBE grants.

Whats a MWBE grant? Not trying to be snarky.

[ChiGoose]

29 minutes ago, JaCrispy said:

“Business incubators”? 
 

What is this?

 

Organizations that specialize in helping startups and entrepreneurs get off the ground.

 

Basically, if you have a good idea for a business but you've never started a company before, an incubator can help you make it happen. 

[Orlando Buffalo]

47 minutes ago, JaCrispy said:

“Business incubators”? 
 

What is this?

Think "Shark tank" but run by the government and the people running it have no skin the game but can make their friends rich.

[Roundybout]

20 minutes ago, AlBUNDY4TDS said:

Whats a MWBE grant? Not trying to be snarky.

Minority/Women-owned Business Enterprise. Firms owned by minorities are eligible for certain grants. In addition, there’s often a requirement that MWBEs are specifically included in requests for proposals and contractor contracts. 
 

In NYS, we in municipal government have an updated database of MWBE firms that we mail out RFPs to. We shoot for a 20% MWBE response rate. 

[K D]

12 hours ago, AlBUNDY4TDS said:

Can someone clue me in to what exactly this means?

It's nonsense and just an opportunity for fraud. We already have an opportunity economy. If you want to open a business then do it. There are plenty of businesses with low barriers to entry and if you need cash there's this thing called banks. If you need the government to help you then you are probably a moron and will be out of business quickly. If they are going to give businesses free grants and $50,000 tax incentives then how many "new startups" do you think there are going to be? Everyone is going to open a fake business and reap the rewards and then close it down. I could create multiple businesses which would just be a reorganization of what my businesses already do. It's a joke.

[leh-nerd skin-erd]

10 hours ago, Roundybout said:

Minority/Women-owned Business Enterprise. Firms owned by minorities are eligible for certain grants. In addition, there’s often a requirement that MWBEs are specifically included in requests for proposals and contractor contracts. 
 

In NYS, we in municipal government have an updated database of MWBE firms that we mail out RFPs to. We shoot for a 20% MWBE response rate. 

My wife started her business in the early 90s and would have qualified as a MBE had such things been around, or had they been around, had she known about such things.   I think sensible programs operated by professionals, with mentors to guide, coach and encourage make an awful lot of sense in moderation. 
 

The challenges can be that like anything else, power can corrupt, insiders can benefit to the detriment of those in need, and those who operate inside government entities often have very little real world business acumen.  Not always, and certainly not exclusively….but it’s interesting to me that in many cases, municipal/state government(s) are at least somewhat responsible for erecting the barriers to entry. 
 

I’ve also worked with a few individuals who took advantage of local business incubators.  I love the idea.  

[Roundybout]

1 hour ago, leh-nerd skin-erd said:

My wife started her business in the early 90s and would have qualified as a MBE had such things been around, or had they been around, had she known about such things.   I think sensible programs operated by professionals, with mentors to guide, coach and encourage make an awful lot of sense in moderation. 
 

The challenges can be that like anything else, power can corrupt, insiders can benefit to the detriment of those in need, and those who operate inside government entities often have very little real world business acumen.  Not always, and certainly not exclusively….but it’s interesting to me that in many cases, municipal/state government(s) are at least somewhat responsible for erecting the barriers to entry. 
 

I’ve also worked with a few individuals who took advantage of local business incubators.  I love the idea.  

 

I agree. One of the big barriers to entry is education, i.e. knowing how to market, to advertise, how to price things, etc. There's a billion examples of "boss *****" getting a business loan to open a boutique, and it lasts about a month because it's not advertised anywhere, is completely inappropriate for the area, and the goods are low quality. 

 

Business incubators like West Side Bazaar are fantastic.

[Pokebball]

1 hour ago, leh-nerd skin-erd said:

My wife started her business in the early 90s and would have qualified as a MBE had such things been around, or had they been around, had she known about such things.   I think sensible programs operated by professionals, with mentors to guide, coach and encourage make an awful lot of sense in moderation. 
 

The challenges can be that like anything else, power can corrupt, insiders can benefit to the detriment of those in need, and those who operate inside government entities often have very little real world business acumen.  Not always, and certainly not exclusively….but it’s interesting to me that in many cases, municipal/state government(s) are at least somewhat responsible for erecting the barriers to entry. 
 

I’ve also worked with a few individuals who took advantage of local business incubators.  I love the idea.  

The regulatory environment is treacherous for new businesses.

[leh-nerd skin-erd]

3 hours ago, Roundybout said:

 

I agree. One of the big barriers to entry is education, i.e. knowing how to market, to advertise, how to price things, etc. There's a billion examples of "boss *****" getting a business loan to open a boutique, and it lasts about a month because it's not advertised anywhere, is completely inappropriate for the area, and the goods are low quality. 

 

Business incubators like West Side Bazaar are fantastic.

It’s telling of course that our education system in some cases leaves this sort of education out of the curriculum.  

[unbillievable]

All I see is another Trillion dollars wasted, similar to what Obama tried to do with solar where every business they funded died after the subsidies ran out.

[Starr-Bills]

17 hours ago, JaCrispy said:

Business incubators

since you can type here and not google (sigh):
 

A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing.[1] The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.[2]

6 hours ago, K D said:

It's nonsense and just an opportunity for fraud. We already have an opportunity economy. If you want to open a business then do it. There are plenty of businesses with low barriers to entry and if you need cash there's this thing called banks. If you need the government to help you then you are probably a moron and will be out of business quickly. If they are going to give businesses free grants and $50,000 tax incentives then how many "new startups" do you think there are going to be? Everyone is going to open a fake business and reap the rewards and then close it down. I could create multiple businesses which would just be a reorganization of what my businesses already do. It's a joke.

As if we needed more info on why you are a moron.

 

having actually worked with incubators, mostly funded by large businesses so they get a cut of any success and write off of all the failures, they are, as the name suggests, incubators that provide a lot of the support functions a business needs before a new idea or concept might be able to afford that allowing them to work on their idea, market development and customer generation. 
 

but go on tell us more about how this is communism and stupid and other insipid phrases like “pull yourself up by your boot straps”. Genius. 
 

[K D]

8 minutes ago, Starr-Bills said:

since you can type here and not google (sigh):
 

A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing.[1] The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.[2]

As if we needed more info on why you are a moron.

 

having actually worked with incubators, mostly funded by large businesses so they get a cut of any success and write off of all the failures, they are, as the name suggests, incubators that provide a lot of the support functions a business needs before a new idea or concept might be able to afford that allowing them to work on their idea, market development and customer generation. 
 

but go on tell us more about how this is communism and stupid and other insipid phrases like “pull yourself up by your boot straps”. Genius. 
 

As the owner of multiple businesses this socialist scheme is just going to result in fraud. If you offer to give people money for opening a fake business then they will gladly take you up on that and laugh in your face. There are books, classes, meetups, online discussions and videos, mentors, friends/family. Not everyone is meant to do this. Most people are really really stupid and lazy and that's why we have employees.

[Starr-Bills]

11 minutes ago, K D said:

As the owner of multiple businesses this socialist scheme is just going to result in fraud. If you offer to give people money for opening a fake business then they will gladly take you up on that and laugh in your face. There are books, classes, meetups, online discussions and videos, mentors, friends/family. Not everyone is meant to do this. Most people are really really stupid and lazy and that's why we have employees.

Yea like air b & b is a communist scheme to share houses. Whatever.  

Edited Saturday at 07:19 PM by Starr-Bills
Siri strikes again

[Starr-Bills]

P.s. I’ve met many ‘serial entrepreneurs’ they are such usually because none of their ideas/business are actually business/successful. YMMV.

7 minutes ago, Starr-Bills said:

Most people are really really stupid and lazy and that's why we have employees.

Also this *****. What a nice “honest” “tell it like it is” person you are. So cool can’t wait to have a beer. 

[Roundybout]

21 minutes ago, K D said:

As the owner of multiple businesses this socialist scheme is just going to result in fraud. If you offer to give people money for opening a fake business then they will gladly take you up on that and laugh in your face. There are books, classes, meetups, online discussions and videos, mentors, friends/family. Not everyone is meant to do this. Most people are really really stupid and lazy and that's why we have employees.

It’s not free money. Most grants are matching, meaning you have to put up at least 50% of what you’re asking, and a lot are paid out as a refund after work is completed, so you have to pay up front. 

[Starr-Bills]

2 minutes ago, Roundybout said:

It’s not free money. Most grants are matching, meaning you have to put up at least 50% of what you’re asking, and a lot are paid out as a refund after work is completed, so you have to pay up front. 

As I said the companies provide money or more often business support, lawyers, accountants, HR etc, so the ‘founders’ can focus on their business ideas.