Thomas Edison in pursuing the invention of the light bulb failed over 10,000 times trying to find the right combination. While most of us see the persistence of his goal, there are two other stories, back stories, that most are not aware of.
As an startup entrepreneur using a Mac there is one thing that puzzles me: How does one figure that the rich do not pay their fair share of society?
It really boils down to this: What do the rich really pay for?
Here’s the first part of the equation: According to Who Pays Income Taxes and how much? the top 10% of AGI (Adjusted Gross Income) taxpayers pay a WHOPPING 69.94% of our Federal governments bills! And that is for incomes OVER $113,799.00 based on IRS statistics, not the $250,000.00 number that is bantered around so much.
But what DO the rich do for us?
Here’s my nineth story for about startups, here’s Sachin Rekhi’s answers to my interview questions.
1. What was/is your background toward business before you started your own (family of entrepreneurs, paper route, raising bunnies, school, classes, etc.)? I’ve always been passionate about solving problems through software. When I was a kid growing up in upstate New York, I started a little company called Gumball Software and made a lethal pong video game. In college, I created my own task management software called Sach Do and a store cash register and accounting software for my house dorm’s student store called Oasis Financials. It’s the fundamental desire to solve my own problems that motivates me to build software.
As a tight economy goes, those that have smaller or even smaller incomes look for ways to gain back some of their economic advantage. One way is to buy into certain “systems” that have infomercials on TV or internet scams that get your contact information and begin to send SPAM emails to you. Or, in some cases, call you.
But entrepreneur BEWARE!
Do NOT hand over your credit or debit card number or financial information as once these organizations have it, it’s like getting a burr stuck in a dogs hair, you have to cut it out, in this case, cancel your card or close your bank accounts.
How is it done?
Here’s a quick show of pre-teen entrepreneurs making millions and supporting their parents, who supported them. Read this BusinessInsider short article These 10 Pre-Teen Entrepreneurs Make Millions More Than Their Parents to see what your kids did with their time and talents.
This is a guest post by Scott Rodgers of Digital Marketing Engineer. We had a conversation Tuesday evening at the Front Range Bloggers Meetup Tuesday evening about entrepreneurship and here he recounts the story he told me. I had to get him to write it. Thanks Scott.
Kevin, I had a conversation with a mom recently that made me think of you and I thought I would share. She came to me with an interest in creating a web business with her son — the primary goal being that it would serve as a vehicle to allow her son to experience a business as he was growing up. As you well know, this can build a meaningful perspective of money, business, employment and a sense of empowerment. This conversation made me think of my own experience as a kid…
My mother owned a business for 20 years and employed nearly 50 people at its peak. I grew up doing just about every job, including the ones people would not want to do (who else would you ask to paint the outside of the building on a sunny 97-degree summer day?). The experience of hearing about business at the dinner table and working primarily during my summers off from school quickly had an effect on me.
Here is my next installment of Monday Motivations for MacStartups. Through email I interview a number of startup companies in various forms of their experience, both in business and using a Mac. Here is Caroline McClure of ScoutRock.com, they provide consulting and networking services to other corporate executive recruiting professionals.
1. What was/is your background toward business before you started your own (family of entrepreneurs, paper route, raising bunnies, school, classes, etc.)? I come from a non business-minded family and studied Sociology in school. After college and a few years in non-profits, education institutions and waiting tables, I fell in to the business community and my profession by pure chance: a friend of mine indicated that she was going to graduate school and asked me if I wanted the job she would vacate. I interviewed for it and received the offer.
That was almost 20 years ago. Since then, I’ve worked in a visa and passport processing company, the largest global retained executive search firm, a boutique retained search firm, and as the executive recruiting department director of a Fortune 50 company (it’s F53 now).
