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5 Reasons Why Entrepreneurs Flee America (And You Should, Too)

5 Reasons Why Entrepreneurs Flee America (And You Should, Too)


    Move over Generation X…there’s a new generation on the rise. But don’t worry. They’re not invading coffee shops, smoking cigarettes or hanging out at the mall. In fact, they’re not even here.

    Introducing Generation X-Pat

    Unlike previous generations, Generation X-Pat is not defined by birth years. They aren’t the same age, race, or creed. Gen X-Pat are those who have fled America and have no plans of coming back.

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    And they are increasing at a rapid rate. In 1999, there were only 4.1 million U.S. citizens living overseas. Today, there are 6.32 million. Plus, the number of Americans planning to move overseas has increased by 1.7 percent since 2009.

    They’re entrepreneurial, too. Spend time in Central America and you’ll notice nearly every expat owns their own business. Whether it’s a bakery, non-governmental organization, property management firm, or Internet person (how ever they make money), American’s entrepreneurial spirit is still going strong… even if it’s going somewhere else.

    Below are five reasons why many entreprenuers flee America for elsewhere:

    1. High Taxes

    The United States has the second highest corporate tax rate in the world (behind Japan). At the high end of 35% that’s almost triple Ireland’s tax rate.

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    Thanks to a few legal loopholes, however, U.S. companies pay the same or only slightly more than other countries. This means U.S. companies are shifting their profits – and the jobs that come with them – to low tax countries like Ireland, Denmark and Austria.

    If companies are leaving… why shouldn’t entrepreneurs?

    2. A Faltering Economy

    According to the Bureau of Labor Statistics, the unemployment rate has more than doubled from 4% in 2000 to 8.3% in 2012. With less opportunity domestically, many entrepreneurs are heading abroad to find their fortunes.

    Developing nations – especially those in Central America – are a haven for entrepreneurs. They offer a lower barrier of entry and therefore less risk is things don’t turn out.

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    Plus, as many X-Pats reveal in this interview, there is little to no competition for opening a small business in developing nations.

    3. Internet = Freedom

    The Internet is everywhere… and entrepreneurs are happy to get paid in dollars while living on quetzales, cordobas or baht. When you compare the cost of living between the U.S. and Guatemala, it’s easy to see how far your money goes.

    Working outside a traditional office is also a great way to prevent burnout.

    4. Escape from Suburbia

    Many X-Pats grew tired of suburban sprawl. Combine that with the rising costs of U.S. cities and moving abroad seems like an obvious choice.

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    My husband and I grew up in Silicon Valley. There used to be orchards and small, individual towns. Now, each city spills over into a seemingly endless procession of planned neighborhoods, Starbucks and strip malls. Wouldn’t you want to see something different?

    Which leads us to our final reason…

    5. A Desire To Go

    Some reasons listed here are decidedly negative. But one positive is that travel is good for you. Traveling takes you out of your comfort zone, challenges you in ways you never imagined and ultimately reveals who you are.

    Will these Generation X-Pats return? Or will they – and others like them – continue to flee America in search of opportunity and adventure? And if they do leave, what effect will this have on the U.S. economy?

    How do you feel about Generation X-Pat? Leave your thoughts in the comments below.

    (Photo credit: Airline Passengers via Shutterstock)

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    5 Reasons Why Entrepreneurs Flee America (And You Should, Too)

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    Last Updated on March 13, 2019

    How to Get out of a Rut: 12 Useful Ways to Get Unstuck

    How to Get out of a Rut: 12 Useful Ways to Get Unstuck

    Have you gotten into a rut before? Or are you in a rut right now?

    You know you’re in a rut when you run out of ideas and inspiration. I personally see a rut as a productivity vacuum. It might very well be a reason why you aren’t getting results. Even as you spend more time on your work, you can’t seem to get anything constructive done. While I’m normally productive, I get into occasional ruts (especially when I’ve been working back-to-back without rest). During those times, I can spend an entire day in front of the computer and get nothing done. It can be quite frustrating.

    Over time, I have tried and found several methods that are helpful to pull me out of a rut. If you experience ruts too, whether as a working professional, a writer, a blogger, a student or other work, you will find these useful. Here are 12 of my personal tips to get out of ruts:

    1. Work on the small tasks.

    When you are in a rut, tackle it by starting small. Clear away your smaller tasks which have been piling up. Reply to your emails, organize your documents, declutter your work space, and reply to private messages.

    Whenever I finish doing that, I generate a positive momentum which I bring forward to my work.

    2. Take a break from your work desk.

    Get yourself away from your desk and go take a walk. Go to the washroom, walk around the office, go out and get a snack.

    Your mind is too bogged down and needs some airing. Sometimes I get new ideas right after I walk away from my computer.

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    3. Upgrade yourself

    Take the down time to upgrade yourself. Go to a seminar. Read up on new materials (#7). Pick up a new language. Or any of the 42 ways here to improve yourself.

    The modern computer uses different typefaces because Steve Jobs dropped in on a calligraphy class back in college. How’s that for inspiration?

    4. Talk to a friend.

    Talk to someone and get your mind off work for a while.

    Talk about anything, from casual chatting to a deep conversation about something you really care about. You will be surprised at how the short encounter can be rejuvenating in its own way.

    5. Forget about trying to be perfect.

    If you are in a rut, the last thing you want to do is step on your own toes with perfectionist tendencies.

    Just start small. Do what you can, at your own pace. Let yourself make mistakes.

    Soon, a little trickle of inspiration will come. And then it’ll build up with more trickles. Before you know it, you have a whole stream of ideas.

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    6. Paint a vision to work towards.

    If you are continuously getting in a rut with your work, maybe there’s no vision inspiring you to move forward.

    Think about why you are doing this, and what you are doing it for. What is the end vision in mind?

    Make it as vivid as possible. Make sure it’s a vision that inspires you and use that to trigger you to action.

    7. Read a book (or blog).

    The things we read are like food to our brain. If you are out of ideas, it’s time to feed your brain with great materials.

    Here’s a list of 40 books you can start off with. Stock your browser with only the feeds of high quality blogs, such as Lifehack.org, DumbLittleMan, Seth Godin’s Blog, Tim Ferris’ Blog, Zen Habits or The Personal Excellence Blog.

    Check out the best selling books; those are generally packed with great wisdom.

    8. Have a quick nap.

    If you are at home, take a quick nap for about 20-30 minutes. This clears up your mind and gives you a quick boost. Nothing quite like starting off on a fresh start after catching up on sleep.

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    9. Remember why you are doing this.

    Sometimes we lose sight of why we do what we do, and after a while we become jaded. A quick refresher on why you even started on this project will help.

    What were you thinking when you thought of doing this? Retrace your thoughts back to that moment. Recall why you are doing this. Then reconnect with your muse.

    10. Find some competition.

    Nothing quite like healthy competition to spur us forward. If you are out of ideas, then check up on what people are doing in your space.

    Colleagues at work, competitors in the industry, competitors’ products and websites, networking conventions.. you get the drill.

    11. Go exercise.

    Since you are not making headway at work, might as well spend the time shaping yourself up.

    Sometimes we work so much that we neglect our health and fitness. Go jog, swim, cycle, whichever exercise you prefer.

    As you improve your physical health, your mental health will improve, too. The different facets of ourselves are all interlinked.

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    Here’re 15 Tips to Restart the Exercise Habit (and How to Keep It).

    12. Take a good break.

    Ruts are usually signs that you have been working too long and too hard. It’s time to get a break.

    Beyond the quick tips above, arrange for a 1-day or 2-days of break from your work. Don’t check your (work) emails or do anything work-related. Relax and do your favorite activities. You will return to your work recharged and ready to start.

    Contrary to popular belief, the world will not end from taking a break from your work. In fact, you will be much more ready to make an impact after proper rest. My best ideas and inspiration always hit me whenever I’m away from my work.

    Take a look at this to learn the importance of rest: The Importance of Scheduling Downtime

    More Resources About Getting out of a Rut

    Featured photo credit: Joshua Earle via unsplash.com

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