Streamline entrepreneurial paperwork
To earn enough money for basketball shoes, I started my career selling garbage bags door to door. My father’s friend sold me the bags for $3, I sold them for $6. It was frictionless. When I started my first “big” company, MicroSolutions, I had no office. I got a sales-tax license and incorporated. Again, frictionless, and it turned into a $30 million (sales) business. Today, it’s impossible to start a business without professional help. Between local, county, state, and federal filings, it can easily cost as much time and capital to deal with administrivia as the business itself. Paperwork strangles small businesses before they start—this country’s greatest inhibitor to job growth. That could be fixed with a simplified startup legal structure (understandable in a pamphlet) that would reduce the friction involved in starting a business.