Small Business Capitalization from my personal experience relies upon anywhere from 200,000–500,000. This is at the current state of our minimum wage standards. I agree that wage increases should increase but from 1st hand experience it will destroy a first time business’ ability to attract meaningful talent in mass. More pay will equal less jobs. It is very difficult for new business to break even in saturated online markets competing with brick and mortar (it not impossible). In a labor pool of increased pay with demand for low prices (think Fiverr and numerous low cost gig jobs) the new alternative is no jobs at all. Automate and create robots. There is significant data to support this and I write about it extensively. Consider all things not just the obvious is my advice.

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Christopher is a Professional Entrepreneur with over 14 years of experience, a Master Project Manager, Financial Analyst, & Master Financial Planner

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