What systemic obstacles hinder your business in your country?
Business Marketing with Nika
8 replies
I am here on behalf of Slovakia. 🇸🇰
– Longer administrative processes (Bureaucracy is one of the biggest problems that makes people afraid to go into business when I asked them)
– Prepared new transactions tax in Slovakia from 1 April 2025 (0.40% on outgoing payments, with a maximum cap of EUR40 per transaction, 0.80% on cash withdrawals, no maximum cap)
– VAT rise to 23% in 2025 (from 20%) and the new reduced rate will be 19% (from 10%)
To name a few. (I didn't count other things because this post probably doesn't support such amount of characters. 🙂)
What is the business environment "regulated" by your country's system?
Replies
André J@sentry_co
Finally fiat becomes more like crypto. Starting with "gas fees" on all transactions 🙃
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@sentry_co Unfortunately, that gathered money ends up in the hands of corrupted people so :D
but it is also a part of the democracy we voted for...
By Japanese law, a Japanese LLC like ours can't launch a C to C direct remittance service.
We can't create a system where revenue is instantly deposited into user's Stripe account when the user's paid content is sold.
It's legal if it's not direct remittance. So, we struggled but we overcame the obstacles.
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@kurachiweb so how do you handle that? Because when some user wants to support any creator – how can you do it?
Inflation and currency fluctuations are a pain, making it hard to plan ahead or price products competitively. And don't get me started on all the red tape and bureaucracy to get basic business permits and licenses! It's like the government wants their cut at every step. Almost makes you appreciate the simplicity of crypto gas fees 😅
It's really expensive to start a business in Spain. The win per month needs to be quite high to cover all other costs. Then also renting is expensive, there are all kinds of yearly extra costs that I did not even realize before renting. And the most horrible of all: prices at the wholesale markets can be same or higher than in normal supermarkets. Try to sell that then and win.. people expecting the same prices as in supermarkets.. (this example is when I had a bar)