Chart of the Week: What It Takes to Start a Business in America

When it comes to ease of doing business, America is top 10 in the world. But when it comes to starting a business, we’re ranked 46th.

For a country that the most creative, productive, and innovative entrepreneurs call home, this shouldn’t be the case. So why is it so challenging to launch a startup here?  

Every entrepreneur or small business owner faces some red tape when starting or expanding a business, such as:

• Setting up a legal business structure
• Understanding zoning laws and licensing requirements
• Acquiring licenses and permits

Those challenges may translate into time and frustration that can deter entrepreneurs from turning a remarkable idea into a business. 

Check out the chart to see just how much time it takes Americans to discover, apply for, and acquire licenses and permits, compared to entrepreneurs in other countries: 

read more

Read more ...