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Don't you feel the drive and thrust to create and innovate and contribute to society? You're on here so you can probably code. You probably are lucky enough to

Don't you feel the drive and thrust to create and innovate and contribute to society? You're on here so you can probably code. You probably are lucky enough to have a very deep understanding of your family business (supply chain dynamics etc). Let's say it's a restaurant. I'd be killing to learn every detail inside out, spending hours on the internet trying to figure out how others approach the problem, improve efficiency and possibly create a product specific to the industry.

fellellor 10y ago
>spending hours on the internet That is probably a part of the problem.
speeder 10y ago
I am helping my dad code programs that generate some documents that are mandatory to make business in the country... But that is basically endless work, because the government here keeps changing the laws constantly. We also have a gigantic website mostly with static pages that needs lots of SEO (almost all our sales come from people find our webpage on google, and calling us). Still, right now that company doesn't exactly profit, we are using it mostly hoping the economic crisis will end before we run out of open grass field (because the runway ended for quite some time ago already...) I really want to find some other business to start and see if I can get some short term profits, but I have no idea what to try, most of my ideas doesn't work because my country laws. (brazil won a couple times the dubious honor of being the hardest country in the world to do business :/ I have random companies in my name that I can't shut down because leaving then running is actually cheaper, even if I have pay taxes for business that doesn't nothing... tax law is so byzantine that we are listed as the country where is most expensive to pay taxes, ignoring the taxes themselves, because of the sheer amount of accounting and legal work needed).
- throwaway_374 10y ago
  Thanks for your insight... as an aside, I heard in Brazil it is possible to invest at a rate of government risk free rate of 15%... is this true?
  - speeder 10y ago
    Yes. Sort of... But that is how much the government theoretically pays in interest. For this reason people don't bother in investing in companies (when I had startups, people would batantly tell us they wouldn't invest because buying government papers was more profitable). Also getting loans to start a business is insanity, for example my bank charges 13% PER MONTH, CC can reach 450%+ per year. I have lots of ideas, but no capital, no investors, and I am not crazy enough to get more debt here, so I end not doing any of them.

fellellor 10y ago

>spending hours on the internet That is probably a part of the problem.

speeder 10y ago

I am helping my dad code programs that generate some documents that are mandatory to make business in the country... But that is basically endless work, because the government here keeps changing the laws constantly. We also have a gigantic website mostly with static pages that needs lots of SEO (almost all our sales come from people find our webpage on google, and calling us). Still, right now that company doesn't exactly profit, we are using it mostly hoping the economic crisis will end before we run out of open grass field (because the runway ended for quite some time ago already...) I really want to find some other business to start and see if I can get some short term profits, but I have no idea what to try, most of my ideas doesn't work because my country laws. (brazil won a couple times the dubious honor of being the hardest country in the world to do business :/ I have random companies in my name that I can't shut down because leaving then running is actually cheaper, even if I have pay taxes for business that doesn't nothing... tax law is so byzantine that we are listed as the country where is most expensive to pay taxes, ignoring the taxes themselves, because of the sheer amount of accounting and legal work needed).

throwaway_374 10y ago
Thanks for your insight... as an aside, I heard in Brazil it is possible to invest at a rate of government risk free rate of 15%... is this true?
- speeder 10y ago
  Yes. Sort of... But that is how much the government theoretically pays in interest. For this reason people don't bother in investing in companies (when I had startups, people would batantly tell us they wouldn't invest because buying government papers was more profitable). Also getting loans to start a business is insanity, for example my bank charges 13% PER MONTH, CC can reach 450%+ per year. I have lots of ideas, but no capital, no investors, and I am not crazy enough to get more debt here, so I end not doing any of them.