During university, one of my classmates was the son of a fertilizer industry billionaire. Once we were in a marketing case class, analyzing the case of a certain jeans brand whose trousers cost more than $300.
This wealthy friend told me:
Whoever buys jeans for 300 dollars has a serious need for something else, not only for jeans. I would never pay so much for a pair of trousers.
It amused me that this phrase came from the mouth of a billionaire. But the point was right. Nobody who buys a pair of jeans with a price tag 900% higher…
I left my home country almost a decade ago to start a career and become an entrepreneur. During this time I wandered across all continents (except Antarctica) with my ideas and projects.
Back then, I was only relying on my guts and anecdotal evidence, but now, with plenty of official information available in English, you do not need to take the same risks.
I prepared this list for entrepreneurs that are considering the hypothesis of venturing overseas. After analyzing near 200 countries, I considered three major factors to rank these 10 nations among the most promising for entrepreneurs in 2021.
Nassim Nicholas Taleb often bashes economists. He does it with reason. The Lebanese writer — my favorite for business and logical insights — calls some of the most prominent economists fraudsters with no skin in the game. He also says that is wiser to listen to a grandma or a self-made entrepreneur — like his archetypal Fat Tony — instead of economists.
One of his loudest critiques is that in the few situations when economists are right, they do only repeat (with fancy words) what everyone already knows.
This is the case with inflation surges.
There is an enormous chance that you experienced one — or maybe all — of the following situations:
This is a quick guide for anyone thinking about starting a business in Europe as a foreigner, wrote by a person that has done it before.
The information below is either from my own experience or collected from reliable sources in 2021. However, this article is not legal or investment advice. Before starting a business, it is recommended that you do plenty of research.
This is a piece of advice that I wished I knew from the beginning. Until September of the last year, I was losing 30% of all my writing income unnecessarily.
The royalties from my books sold at Amazon and my payments from Medium had 30% of the total value kept as US tax withholding.
For me, this sounded utterly unfair. I do not use public services in America. I am not in their stimulus check program. Why should I pay 30% of my hard-earned income to Uncle Sam? Maybe you experience the same issue.
But what If I told you…
Higher mobility between cities, industries, and continents is boosting intercultural issues. Maybe you already saw some of the barriers below:
Kitty, I think my phone is ringing. Can you bring it to me?
Months ago, I asked that to my wife.
But my phone was not ringing. It was not the first time that I had this weird feeling that my phone was buzzing when it was not. Later on, almost by accident, I read about an increasingly common psychological syndrome.
The Phantom Vibration Syndrome is also known by the name of ringxiety. It refers to the phenomenon when multiple times we feel our phone is ringing or vibrating when in reality it is not. You can look more about…
A few months ago, for some reason, the Kindle Unlimited algorithm thought I should read a book about memory improvement.
It turns out it was right. As an entrepreneur, a writer, and a husband — shopping lists can be a nightmare — I needed to improve my capacity to keep information. But this was never something that I looked for.
I thought that mnemonics and its tricks had limited usability or were simple gimmicks, except for few techniques like spaced repetition — I learned one of the hardest languages in the world using it in the phonemic approach.