Life in the USA
The United States has a long history and heritage of business achievement. Business cycles run through boom and bust eras as they always will, but the entrepreneurial spirit continues. Despite significant regulation by government and some real public ambivalence, the United States remains an excellent place to start and run a business. The right to start a business is one of the most cherished rights in the United States. Although the chance of failure is high, liberal bankruptcy laws encourage entrepreneurs to keep trying. The American tax system strongly favors the self-employed.
Business requires risk. Failure is always a possibility. Emotional energy and personal focus are essential. The potential rewards are, of course, great, the first among them being independence. However cynical Americans may appear to be about business in general, they truly respect those who have succeeded as entrepreneurs.
The sections that follow give an overview of business in the United States from the point of view of a newcomer who is considering starting or working in a business. Immigrants have always had a hand in making America great, often by starting and running their own businesses.
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