Firms are finding it hard to survive due to the high taxes. In Brazil for instance, the tax rates are very high and companies have to spend huge amounts of money paying them. As a result, they are not i a position to carry out other beneficial activities in or outside the company.
According to Flavio Maluf, there are certain things that can be done to ease the financial burden posed to organizations by taxes. This can be achieved through the Fiscal Incentive Laws. According to these laws, firms can use the money they spend paying taxes to carry out other activities that can benefit the society. For instance, the money can be used to conduct research to find out about the ways through which a societal problem can be solved. The finances can also be used to carry out community development projects. See more on Wikipedia.
Therefore, the idea is to make proper use of the money. However, this does not mean that the amount of money spent on taxes by a company will reduce. It means that the same amount will be used on these other activities. This strategy is very beneficial for firms. Even though the tax burdens will not be reduced, at least they will be in a position to create an excellent reputation to the public. For instance, if a company comes up with a project to uplift the community, the public will get the perception that the company is also concerned about their well-being. People love associating with such companies, and this can result to increase in sales for the company. To benefit from incentive laws, firms must be willing to adhere to the terms such as the fact that they are taxed based on the real profit.
Flavio Maluf is a renowned businessman and the Chief Executive Officer of Eucatex. He has a degree in Mechanical Engineering. He took over the business as President in 1997. He has extensive knowledge about entrepreneurship and he urges people to be committed towards what they do. Even though he was born and raised in a very wealthy family, Flavio Maluf has worked extremely hard to become successful.
Hard work and determination has enabled many people to achieve their goals. One man who is proof of this theory is Louis Chenevert. He is a Canadian entrepreneur who has served in various capacities for different companies. Louis at one time was the Chairman and CEO of United Technologies Corporation, one of the most successful conglomerates in the US. Born and raised in Montreal, Quebec, he has had an interest in the business world from a very early age. He studied Production Management at the HEC Montreal Business School of the University of Montreal. He was also accorded a doctorate honoris causa by HEC Montreal and Concordia University in 2011 and 2014 respectively.
After school, Louis landed a job with General Motors as a Production Manager. He worked with them for 14 years before he decided to take on a new challenge by transitioning to aerospace. He joined aircraft engine manufacturer, Pratt & Whitney Canada, which is a business unit within the United Technologies Corporation. Louis used his skills and expertise to improve the production at PWC by shortening the time used to construct an engine from 2 years to nine months. Such moves made him very resourceful, and in 1999 he was appointed the president of Pratt & Whitney. He found the company not doing well, but by cutting costs and embracing technology, he was able to turn it back to profitability. In 2006 the holding company UTC asked Louis to join them as chairman of the corporation. His idea to invest heavily in the GTF engine paid off handsomely, and in 2008 he was made chairman and CEO of United Technologies.
In his tenure at the helm of UTC Louis made some changes that resulted in efficiency and massive growth for the company. Some of his highlights include landing a $240 million deal with the U.S. Navy and acquiring Goodrich Corporation for $18 billion. On his retirement from the company in 2014, the stock price was at $117 a share, up from $37 a share when he took over. Even though he is retired, Louis works as a senior advisor at the multinational investment bank, Goldman Sachs. He also serves at the Yale Cancer Advisory Board as the chairman.
GreenSky Credit gives fast financing solutions specifically designed for homeowners looking to make capital improvements or major renovations to their homes. Mostly targeted for renovation contractors, these loans are also available for health care, retail and e-commerce businesses. GreenSky prides itself on its fast loan approval process, all of which can be done online or through a mobile app. In fact, contractors can take homeowners through the process themselves. All that is needed is a mobile app as well as a bit of key information, such as a social security number and driver’s license number. Around 95 percent of applicants receive an answer within five minutes. This allows them to move forward quickly.
The CEO of GreenSky Credit is David Zalik, the company founder back in 2006. This 44-year-old mastermind of loans has had both downfalls as well as major growth over his life. Instead of going to high school, at the age of 13, he opted to go to Auburn University. He had already passed the ACT and felt bored by his upcoming high school classes. Instead of finishing college, he again chose to opt out but this time started his first business. He had already had success in college in learning how to provide individuals with a necessary product while making profits.
However, a couple of his first business ideas went bust. Not to be deterred, Zalik started GreenSky Credit in 2006. By marketing his idea to a new business group that had previously been unreached, he quickly discovered great success. Suddenly, home renovation contractors could have a quality loan that did not require a great deal of paperwork or time to present to clients.
David Zalik continues to capitalize on this idea, outsourcing his loans to large banking institutions, such as Fifth Third. This frees his company up to work with the customers and to collect the loan money without having to be the one to process and maintain the loans fully. GreenSky Credit is poised to continue growing and is currently the third largest fintech company.
Dr. Mark McKenna is an entrepreneur in the medical field. He is licensed in both medicine and surgery in the states of Florida and Georgia. When he first started he worked in his father’s practice in New Orleans while also running a real estate firm on the side. In time he started to work on his real estate company, McKenna Venture Investments, on a full-time basis.
He started a new company called OVME which is headquartered in Atlanta. This new company provides elective and aesthetic services. He has one clinic open in Atlanta with more planned over time. At his clinic, he focuses on using the latest technology in order to provide minimally-invasive services such as BOTOX, laser hair removal, fillers, Kybella, and more.
What he calls OVME is a “cosmetic services boutique”. Dr. Mark McKenna says his clinic is designed to be very comfortable for his patients. A lot of people are turned off by the sterile, staid environment that most hospitals and clinics feature. He says that everything is very uniform and there is no luxury or personality to any of it. He says his clinic is very different because it’s a relaxing, warm, and welcoming environment.
Currently, if you want to avail yourself of Dr. Mark McKenna’s services you have to schedule an appointment and go to his clinic to receive your treatment. Before long some customers will have an alternative to this traditional way of having cosmetic surgery. He says he is developing an app that will let people order cosmetic surgery just like they would order an Uber car or some food delivery. Before you can schedule a procedure most states require an initial consultation with the doctor. He says that his app will allow this consultation to be done through it, where allowed by the law. Patients can schedule any procedure that can be carried out in a home rather than a clinical setting.
Sahm Adrangi is the founder of a company, Kerrisdale Capital Management LLC as well as its Chief Investment Officer. He graduated from the University of Yale with a Bachelors Degree of Arts in Economics. Adrangi began his financial career at Deutsche Bank. Adrangi also worked at Chanin Capital Partners. Since Kerrisdale was founded in 2001, Sahm has been actively involved in all the aspects of its development. When Sahm launched the firm, it was under $1 million, and after about eight years, he boosted its capital to $ 150 million. Sahm Adrangi is renowned for publishing and short selling research. Adrangi the view of his firm on stocks including overhyped shorts and under-followed longs that are misunderstood much by the market. Kerrisdale’s study sought to correct misconceptions that are broadly held about the companies’ essential business prospects. Kerrisdale shares its research findings on Twitter, website and third-party investing-related sites.
Sahm Adrangi made himself a name in 2010 and 2011 by shorting and exposing Chinese companies involved in fraud, for example, China-Biotics, Lihua International, China Education Alliance and others. Even though Kerrisdale shares research with a wide range of companies and industries, Adrangi has recently focused its efforts on other many specific sectors in which Kerrisdale has developed expertise. One of the key areas has been biotechnology with Kerrisdale publishing research on the development stage companies which include Zafgen, Sage Therapeutics, Nordic and numerous others. Another industry of focus is mining with Adrangi questioning the prospects of mining and market valuations of Northern Dynasty Minerals, First Majestic Silver, and others. Besides, telecommunication sector reports have been published by Kerrisdale, sharing views on Globalstar, Straight Path Communication, Dish Network and Vista Inc. Sahm Adrangi exposed Globalstar’s weaknesses in its proposed TLPS in a webcast and lived presentation in 2014. Apart from publishing research, Sahm Adrangi has taken the role of an activist in several investments. In 2013, Adrangi collaborated with Lindsay Corporation management in 2013 to optimize the company’s capital allocations policies and cash deployment.
Adrangi has been a guest speaker at many conferences including the Activist Investor Conference, the Sohn Conference, and Debt Investing Conference. Adrangi has featured in publications such as the New York Times and the Wall Street Journal.
Carving out a very successful career in the world of venture capitalism, Shervin Pishevar has become the human incarnation of the American dream. Today, many people recognize him as one of the foremost authorities regarding investing, and he has the track record to back it up. As a student at the University of California, Berkeley, Shervin Pishevar initially embarked on a career path that was a far cry from the world of entrepreneurship, majoring in molecular cellular biology.
Shervin Pishevar would soon realize that he wanted to take his career path in a different direction, and, much to the dismay of his father, he delved into the volatile world of investing, eventually becoming a major player due to his involvement with companies such as Tumblr, Dollar Shave Club, Uber, Warby Parker, and Rap Genius. The co-founder of Sherpa Capital and Virgin Hyperloop One has used this stellar reputation to garner a considerable audience, and he often utilizes Twitter to break down his thought regarding financial issues, as well as future investments. He recently took to Twitter in what turned out to be a 50-tweet posting session that would last an entire 24-hour period. During this time, he touched on issues regarding globalism, the economic uncertainty of the United States, future monetary systems, as well as a number of other controversial topics.
The man who lives and breathes startups, set social media on fire when he discussed the position of the top five unicorns in the United States today, even referring to them as monopolies. In Shervin Pishevar’s estimation, the power of corporations such as Amazon, Apple, Alphabet (Google), Microsoft, and Facebook, is leaving little breathing room for startup companies today, which, in turn, is staggering innovation. Although he believes that these companies will eventually fail, “as they should,” there is a direct correlation between their power, the speed of acquisition, and the loss of Silicon Valley’s competitive edge. The unique qualities that made Silicon Valley such a dominant entity in the world of tech innovation, have now crossed the borders placed by the United States, and exist worldwide, in the form of concepts.
Malcolm CasSelle began following the trend of technology advancement in 1995. A graduate of Stanford with a degree in computer science he co-founded NetNoir, the first media production websites for Afrocentric culture. The business gained the attention of AOL’s Greenhouse program, becoming the first exterior business to receive an investment by AOL.
In 1998 CasSelle became senior vice president for a telco service provider called Cyberworks. In 2006 he advanced to director or Capitol Union Investments, which dealt in late stage web companies. He became part of the gaming market in 2012, acting as CEO for a global social network for gamers called Xfire. In 2013 he became CEO of MediaPass, and extended his knowledge of the market to paywall solutions for online revenue. This would be the first time he dealt in digital content.
Prior to Bitcoin and the rise of cryptocurrency, the gaming market began dealing in virtual assets. Downloadable content that added to a core video game. Such content was in the form of weapons, costumes, even extra levels and missions. The rise of the smartphone led to many pay as you play games, operating in their own forms of digital currency used to purchase in-game assets. At present though no gamer can receive a return of investment. The currency delegates to the game of its origin. Cryptocurrency is now set to change that, and Malcolm CasSelle is in the pilot seat.
At present CasSelle is the CIO for OPSkins, a world leader in in-game assets sales. OPSkins is also the largest bitcoin merchant globally. CasSelle was an early investor in bitcoin, and his understanding of the market has led to the creation of WAX. WAX, or Worldwide Asset eXchange, is a P2P market designed to allow players to trade and sell digital assets. For the first time gamers will be able to achieve a return of investment. Many have said that all the gaming market needs is one company to take a leap. Well, Malcom CasSelle just dove out of the plane. Time we show how many companies will follow.
This is a shout out to all women and men who have entrepreneurial-related dreams. Take a cue from Lime Crime’s Doe Deere and go for it! Do not let anybody drag you down. You can do anything you want to do if you set your mind to it. Learn more: http://guestofaguest.com/los-angeles/interview/interview-lime-crimes-doe-deere-on-how-to-make-your-dreams-come-true
On the way to fulfilling your dreams, expect to have to work very hard. Nobody is going to give you anything, you have to put in the work. You can use Ms. Deere as an inspiration. She began as a young girl with nothing. Born in Russia and growing up there and in New York City, for many years she was dirt-poor. She created a niche in the world for herself by focusing on her passions and talents. It was through her determination and her strong work ethic that Lime Crime was started. Now both, the company and Doe Deere, are household names.
One important point Doe Deere makes is how important education is on the road to success. Not only in schooling, but in a relationship with personal mentors who can teach you a lot. When you find a business path you would like to pursue, take the time to meet other people who are experts in that industry. Explain to them what you want to do and ask them to teach you the ropes. It is a good thing to have a mentor or two along the way.
Another thing you can learn from Doe Deere is, don’t be afraid to relocate. When you choose a career path, if there are no opportunities where you currently live, find out what geographical location does have opportunities and move there. To get the best education and live business experience in your chosen field, you may need to relocate several times throughout your life. Each area you move to can provide new chances to move forward with your pursuit of business happiness. Make the most out of each city or town you live in.
One thing that you may not think of on the road to your dreams is, you do not need to do it alone. Doe Deere is a prime example of this. While in pursuit of her dreams, she met the man who would later become her husband as well as her business partner. They both share in her success. It is important to have a mate and companion you can come home to and get pertinent advice from. Your spouse can serve as a continuous source of motivation and give you the drive to succeed. You do not have to be alone in the world in order to achieve your dreams.
One last point we want to make it to be yourself. Your chosen career path or business industry may be totally different from that of Doe Deere. That is fine, nobody expects you to be a carbon copy of somebody else. You are unique, so are your hopes and dreams. Nevertheless, you can still look up to Ms. Deere as a source of inspiration and guidance. After all, she did make her dreams come true. Learn more: https://www.limecrime.com/about/