I’ve been to Las Vegas once in my life. A group of friends and I made the trip in November 2009 to celebrate a close friend’s bachelor party. Yes, we had a good time. No, it wasn’t anything like the cliché ”Vegas baby Vegas,” experience we’ve come to expect thanks to Hollywood.
Either way, the Vegas strip is an incredible spectacle. People are everywhere. Buildings stretch to the sky like a stack of chips on a heater. Roller coasters weave and duck right above the sidewalks and you can eat your weight at any of the mile-long buffets.
Think about the image you have of Las Vegas. Casinos, hotels, money, expensive food and live shows. Doesn’t exactly describe a mecca or hub for entrepreneurs and small business owners working to establish their product in a city overrun with people in search of nothing but brand names, or who are even aware Las Vegas exists beyond the four-mile-long strip.
As much as the casinos and hotel feed the city’s economy, most people on the strip are not citizens. They are tourists in town for two to five days and then gone faster than Lady Luck at the craps or blackjack table. Local businesses aren’t making money off tourists. They have to appeal to the citizens of Las Vegas in a location that appeals specifically to them. That’s why I found this recent story so fascinating.
If you own a private company, chances are you have considered going public or plan on doing so after you have accrued enough resources. And if this is your vision for your small or medium-sized business, a new legislative act put in place last week may be the impetus needed to turn that vision into reality.
Known as the Jumpstart Our Business Startups, or JOBS Act, this bipartisan legislative package aims at helping the growth of startups and small or medium-sized businesses, ultimately creating more jobs and boosting the overall economy. The bill consists of measures that reduce SEC restrictions on small and medium-sized companies and create new investment opportunities.
Specifically, the JOBS Act:
- Eases certain rules and restrictions the SEC imposes on small companies, allowing them to go public with less resources and in less time.
- Allows entrepreneurs (many of whom were previously banned from “crowdfunding”) to solicit and gather money from smaller investors.
- Raises the shareholder registration requirement threshold for small companies, thereby providing more flexibility to grow.
For some companies, going public is essential to creating job opportunities and acquiring more capital resources. And for those who believe start-ups are a critical element of the overall market, then the JOBS Act is a step in the right direction. Only time will tell if this legislation profoundly affects job growth and whether it will favor medium-sized companies over smaller start-ups, but the new measures may help expand your business’ window of opportunities.
If you would like to learn more about the new business measures provided by the JOBS Act, you can refer to the following links:
Please provide us with feedback below, as we want to know your opinion on these new provisions and how you think they will affect your business.
And when the time comes for your business to start growing, the team here at Zoho is right here to help – with tools to mange your pipeline, manage your finances and help you hire the people you need.