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This week more than 100 young entrepreneurs on Capitol Hill to talk about the job crisis in our nation and offer ideas on how to fix it.
Three of those successful small business owners to.
-- so goes the founder of the CEO of karma loop and you can find out more about that in a second David shot ST is the founder and CEO of -- -- black custom -- years.
And -- gotten is right in our studio straight across the way.
And co-founder of -- a bit suites first thing's first a little bit about each of your program's first -- your company.
-- -- I -- my comedy about ten years ago and where an online.
But were much more than just a retailer in fact we have a lot of media as part of the the site.
And we sell now about over 400 brands were the largest retailer street -- -- in the world David.
-- -- -- Including -- -- has a an army.
Young man and woman around the country who go -- clients' homes and offices Wii Fit them we -- -- sport coats completely custom.
Ought -- tremendous value and the -- guys like you are looking good it's -- be -- tough row to hoe when you talk about me but let's leave me out of this Liz what have you done you've gone from.
Actress entrepreneur -- deal.
I cone that -- and -- suites where small candy company based out of Brooklyn New York.
We meek handmade candy bar is.
Karen dolls for -- -- lollipops caramel corn all kinds of good stuff.
With a focus on locally sourced ingredients and we are all of our packaging is recyclable and -- either.
Let's get into some of the hurdles that people see what just actual business -- waiting for Judd Gregg was some of the hurdles -- If people -- -- fix this economy -- she keep it my front of viewers like yourself would you run into.
Well I think one of the things that we heard a lot about in in DC was that.
Access to capital is a real challenge I think that you know that someone from the Small Business Administration there at the White House and -- -- there and I think she heard that sort of a lot of the young entrepreneurs loud and clear that.
A lot of -- when someone has a great idea or -- not -- and are you go to either the SBA go to a bank and they say -- what you don't have a business we can't write your money.
You know learn a position hours at karma loops where we have a -- really you know a blog ten million dollar line credit.
You know you got it right then we're back -- -- -- -- is going to David real quick data you you can even manufacture your product in America you did you at some.
It's it's pretty burdensome and it's obviously not cost -- to manufacture here in the country at this point in time.
But and one of the key things I think we heard about was layers and layers of bureaucracy making it difficult to do business here in America.
And now the word we're we're in a global marketplace we have to have every leg up possible our government has to give us everything possible to compete in a global market price.
And that's definitely one of the common things we talked about DC and yet it overseas to do it and you know lives your complaint was the -- hard to get to the -- to get get approval.
It's I mean it's a whopper and the the bureaucracy you have to go through and there -- a restaurant -- there yesterday listening listens while.
It's completely insane and it takes forever to.
Get anything approved it's impossible to figure out even -- know whether your filings sales tax properly -- you can hire someone.
On that very thing you see more communication between and the government federal on -- state and yes we'll have received a.
I don't and to get the information now -- data -- clear -- those -- but other people but you wanted to -- for the next generation -- others -- wanna -- afternoon hours.
Here's an Al Greenspan said I want you guys good to comment.
Baby boomers being replaced by groups of young workers -- ever credibly scored rather poorly.
An international educational matchups most higher income people in our country did not realize that there incomes are being subsidized by their protection from competition.
From highly skilled people who prevented from emigrating to the United States.
-- that's an insult isn't it.
I mean I don't completely agree with that because we have an incredible staff McConnell of young people are extremely extremely talented.
But I think what he's trying to refer to is and this came up again to is the idea.
Getting immigration to having you know special permits -- special passes for people -- highly skilled.
And the fact is they're just you know not in my industry necessarily but.
From what I heard yesterday there are you know in science and math there a lot of positions where we want to bring in the best and the brightest from all over the world.
And instead you know we we you have illegal a lot of illegal immigration.
Com and -- not able to get these in the united some of those who would you feel measurable -- to the next Einstein to get over your quick because it clearly it actually feels it helps our country.
-- David -- -- great job thanks so much and congratulations that you success thank you.
Appreciate it thank you.
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