What is up, Childish Investors?? It's that time of the week again, where we enter the business world—curate everything—and bring the business world to you.
With all the eyes turned to the elections, major news went by unnoticed last week…
Changes in H-1B visa program makes hiring foreigners harder than ever. And the Tech industry is likely to take a big hit…
So… Are you ready to RUUUMBLE?
🥊 Main Event of the Week
The H-1B visa program allows US employers to hire foreigners.
Thousands of jobs are covered under it and employers will now need to dramatically increase the minimum salaries to qualify. For example :
For a junior programmer, the salary requirement will jump from $78k to $112k.
For a senior info security analyst, from $150k to $200k.
Well, America’s glory relies on various industries (Think Tech) , which have come to attract talents from all over the world to be what they are today.
Less immigrant workers in the US could soon convert to trouble for America…
✅ Quick Overview
📌 Warren Buffett's Berkshire Hathaway swings back into action, spending a net $4.8 billion on stocks
📌 Brand strength on display: Teslaquila sold out before Elon Musk could even tweet about it
📌 WhatsApp finally begins rolling out payment service in India
📌 Bentley plans to become fully electric by 2030
📌 Pfizer vaccine over 90% effective
👁 Sneak peek into the future
It’s 2025. Tensions are more intense than ever for the title of Global Superpower. But let’s go back a couple of years to understand why…
America’s status used to be undisputed. World’s greatest economy, military, cultural strength… The whole package. But one critical factor has gone missing… Technology.
See, in 2020 Spotify’s founder invested big bucks into European tech companies. All part of his plan to create a European counterweight to Silicon Valley.
What didn’t work for Europe before was that all the talent was getting sucked into America. But now, with no better options for foreigners, Europe got the tactical advantage and offered a far more compelling environment for foreign talents to shine.
Bonus: The economy took a big hit. Starting with the stock market which used to be fueled by Tech stocks. Thousands of Tech companies started shutting down because they couldn’t compete anymore, and millions of jobs were lost as a result…
The H-1B regulations were particularly damaging to startups, who usually offer pretty low salaries and compensate with equity.
Predicting this turn of events made Childish Investors consider setting shop elsewhere…
👶 Eat your veggies
More than 80% of new startups fail, 75% of venture-backed startups fail and of those that do succeed, only 40% actually turn a profit.
Starting a business is hard, so setting solid foundations goes a long way
And this includes the location of your business. Which can play a huge role in your future success. But how to choose?
1. Happiness is profitable
Relocating can be a hard process. But sometimes, taking a leap of faith and move to another country can be rewarding.
The people, the culture and the atmosphere affect the way you feel. And this in turn can predict how dedicated you are to succeeding in your project.
2. The environment
Compare your top choices based on the following criteria:
Political stability
Economic stability
Social stability
How long/ boring will the paperwork be?
Logistics ( Rental prices if you need an office etc…)
3. Taxes
This could single-handedly make you reach profitability and save you from going under
👉 Here’s a list of countries with the lowest corporate tax rates
👉 And a list of the most business friendly countries.
Thanks for reading, guys. We really hope you enjoyed it! 😉
Tell us what you thought by replying! And Stay Tuned for a lot more amazing content!
- Ryan & Zak
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Twitter >> @ChildishInvest