Showing posts with label 2013 a tough year. Show all posts
Showing posts with label 2013 a tough year. Show all posts

Thursday, January 3, 2013

2013 will be a tough year for US business entrepreneurs

From entrepreneur.com

I have made frequent posts from Huffington Post,  Newsmax, WSD on the state of US economy.  Small entrepreneurs will face:  weak credit market, slower growth (demand) at most 2.1% and higher taxes.    There is the talk of fiscal cliff:   higher tax rate, and cut in govt spending.  As we all know, govt spending fuels economic activity.

So Americans will most likely find opportunities and jobs abroad.    However there is a tax for capital transfer (as much as 30%) and because of that, opportunities abroad does not look good.  However, US is still the center of high tech innovation and the US will be a major energy producer.

  Find out about 100 new things in 2013