Word: start-up
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...Many newbies, strapped for start-up cash, will likely try to cut corners by forgoing the use of accountants and attorneys and picking up TurboTax or other software to handle their taxes on their own, says Gold...
...Jagdish Khattar, former managing director of Suzuki India who now runs Carnation Auto, an independent multibrand auto sales start-up, attributes Ford's poor showing to a lack of the right mass-market product. Its India models - the Fiesta, Ikon and Fusion - are relatively large and expensive (for India). Small cars - those powered by engines of 1.5 liters or less and generally costing no more than $8,000 - drive 70% of auto sales in the country. "Ford was operating in just 30% of the market," says Khattar. "All the action was happening elsewhere." The diminutive Figo is Ford...
...Because penguins are used to pristine arctic water, the water in their tank needed to be continuously cleaned. The penguins were pleased enough by Hyflux that the company was allowed to recycle part of Singapore's wastewater into drinking water, which has in turn propelled Hyflux from a start-up into a global player in water treatment. Its systems are now used in cities such as Tianjin, China, and Magtaa, Algeria...
...fact that French private enterprise is surging in the middle of the world's worst economic crisis in 50 years is as surprising as its cause. The motor driving all that bustling start-up action is an innovation known as auto-entrepreneur, a government scheme introduced in January to help would-be bosses bypass the formidable process of founding a small business. The scheme cuts through the jungle of administrative red tape usually required to launch a company, and dramatically lightens the heavy taxes and social charges companies pay. While other firms face set charges whether business is booming...
Though auto-entrepreneurs like Prigent-Chesnel praise the program for allowing people to become their own bosses, they also say the limitations it imposes on start-up businesses means it won't create jobs for enough of France's 2.4 million registered unemployed. And even if most of the projected 500,000 new companies launched this year wind up prospering, their tiny size isn't going to make a big dent in the country's economic decline in 2009, which economists estimate will be at least 3%. (See pictures of the Top 10 scared traders...