Float Image
Float Image
Float Image
Home
About
Formula
ASSESSMENTS (TESTS)
ABS Hub Bootstrap
LEAN STARTUP
Tests
EMP Test
Passion Test
Practices
Mindset
Resilience
Blog
Training
Courses
Webinar Training
SIG TALK
Contact
Reviews
Artificial Intelligence for You
Chatbot for your business
AI tools for your business
LIVE!
Float Image
Community
Float Image
Float Image
All CategoriesResilienceEntreprenueral Updates
Float Image
Float Image
HomeBlog3 Policy Shifts to Fuel the Next Wave of Entrepreneurs
Float Image
Float Image

3 Policy Shifts to Fuel the Next Wave of Entrepreneurs

Author Clint Day Avatar
by Clint Day
0
0

Why it's time to make solopreneurship easier, not harder.

The U.S. is experiencing a remarkable rise in solopreneurship. In 2024 alone, Americans filed over 430,000 new business applications per month—a 50% increase since 2019. And nearly 83% of all small businesses are now “non-employer” businesses: freelancers, consultants, e-commerce sellers, creators, and more.

Yet even as solo entrepreneurship grows, the support systems around it have failed to keep up. Far too many entrepreneurs walk away from promising ventures—not because they lack grit or vision—but because they’re overwhelmed by red tape, tax complexity, or the high cost of healthcare.

If we want to encourage innovation, job creation, and economic resilience, we need to modernize the policies that shape the solopreneur experience. Here are three areas where government action could make a lasting impact:

1. Capital Access Designed for Solo Founders

Solopreneurs often fund their businesses with personal savings or credit. They don’t have access to investor networks or venture funding, and many aren’t aware of business financing tools they can use.

Policy opportunities:

  • Expand access and awareness of tax-deductible business loans, including personal loans and home equity lines used for business expenses.

Introduce a phased self-employment tax, gradually increasing over the first few years to give new entrepreneurs breathing room to grow.

2. Health and Retirement Benefits Without “Job Lock”

Many Americans stay in traditional jobs simply to keep their health insurance or retirement benefits. This “job lock” suppresses entrepreneurial potential.

Policy opportunities:

  • Reform HRAs (Health Reimbursement Arrangements) to allow self-employed individuals to use pre-tax dollars for healthcare, improving affordability.

  • Exclude healthcare premiums and retirement contributions from self-employment tax calculations, providing much-needed relief and incentivizing long-term planning.

3. Simplified Compliance for the Self-Employed
Managing quarterly taxes, deductions, and paperwork can be confusing and intimidating—especially for new solopreneurs.

Policy opportunities:

  • Let companies that hire freelancers withhold taxes on their behalf (similar to W-2 employees), helping with budgeting and reducing penalties.

  • Expand education and tech tools that simplify compliance and provide real-time tax insights for self-employed professionals.

The shift toward self-employment isn’t a fad—it’s a structural transformation in how Americans work. If we want to fuel the next wave of innovation and small business growth, we must update the policy infrastructure to meet today’s entrepreneurial reality.
Let's make self-employment simpler, safer, and more sustainable for the millions of people building the future—on their own terms.

About The Author
Clint Day

Clint Day is a former serial entrepreneur (insurance agencies) who turned to teaching others how to start their own business after earning a MBA and five certificates in entrepreneurship. He started the entrepreneurship program at State College of Florida, help found the Veterans Florida Entrepreneurship Program, wrote the Entrepreneurship Quick Study Guide found in most college bookstore, edits the Current in Entrepreneurship blog on the setyourownsalary.com business startup website, and is currently serving as advisor to the Embry-Riddle Aeronautical University veterans entrepreneurship and Notre Dame Hawaii UPBI programs.

Float Image
Float Image

Leave a Comment 👋

0 Comments
Post Thumbnail
Bootstrapping: The Entrepreneur's Path to Controlling Their Own Destiny

In an age of venture capital headlines and unicorn dreams, one approach to entrepreneurship remains timeless—and underrated: bootstrapping.As outlined in a compelling Big Think article, based on the book Bootstrapping by Rosen and Schramm, this method isn’t just about “doing more with less.” It’s about maintaining control, reducing risk, and staying true to your mission.“Bootstrapping isn’t just a funding strategy—it’s a mindset,” write the authors. And that mindset can mean the difference between being owned by your business or owning your future.Why Bootstrapping Matters NowIn today’s uncertain economy, more aspiring entrepreneurs are rethinking the rush to raise money. They’re asking: Can I prove my concept without outside funding? Is growth sustainable on revenue alone? Will I sacrifice long-term vision for short-term cash? Bootstrapping provides the discipline to say yes to all of the above. It demands clarity, focus, and relentless customer value—traits that build lasting businesses.

Read More...
Post Thumbnail
Resilience: The Foundational Skill Every Entrepreneur Needs

“Entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed, and unknowable until an investment is made.”After more than a decade of building ventures across Asia, I can say with full conviction: this is the most honest statement I’ve ever heard about entrepreneurship.It’s not a comfortable truth. But it’s the truth: Not everyone is built to be an entrepreneur.It’s Not About the Idea — It’s About the Bounce Back The defining trait that separates those who make it from those who don’t isn’t brilliance, funding, or even having a world-changing idea. It’s resilience — your ability to recover from failure and keep moving forward.When I co-founded ATEC back in 2016, we had a big vision: clean cooking tech that could dramatically reduce indoor air pollution, raise household incomes, and help fight climate change.The potential was enormous. The reality? Much harder. In Cambodia, we faced skeptical customers, fragmented logistics, and moments where it felt like nothing would work.Those were the first of many inflection points: quit, or adapt. We chose to listen more deeply to our customers, refine the model, and push forward — one step at a time.

Read More...
Post Thumbnail
Leadership That Prevents Burnout: Building Resilience Into the Workplace

Employee burnout has quietly become one of the most damaging epidemics in the modern workplace. The “always on” culture, rapid-fire pace, and constant pressure to produce don’t just wear people down—they often break them. And the effects are serious: damaged mental health, declining job performance, and shortened careers.But burnout isn’t just a personal issue. It’s a leadership one. Solving it starts with leaders who create cultures of resilience, flexibility, and trust.1. Create Awareness to Empower ActionToo often, burnout is only noticed after it's done the damage. But wise leaders stay proactive. Use engagement analytics, absentee trends, and tools like eNPS surveys or anonymous feedback to spot early warning signs. One-on-one check-ins—done with genuine empathy—can open the door to honest conversations before crisis hits.When employees see their leaders truly listening, it builds trust. And trust lays the foundation for real change.2. Build an Agile, Adaptable Work CultureRigid policies and unrealistic expectations fuel burnout fast. Instead of controlling how work gets done, shift the focus to outcomes. Flexibility—whether through schedule options, clear boundaries, or space for vacation—gives people the ability to balance work and life without sacrificing results.Even if your team isn’t remote, you can still be flexible. What matters most is whether people feel in control of their time and energy.

Read More...
Float Image
Float Image
Float Image

Stay Ahead of the Game!

Get exclusive insights, strategies, and tools to elevate your entrepreneurial journey.

Home
About
Webinars
Courses
Resources
Reviews
Contact
Community
Float Image
Privacy Policy
Terms & Conditions

© 2024-5 All Rights Reserved.

Float Image
Float Image

* Please be advised that the income and results mentioned or shown are extraordinary and are not intended to serve as guarantees. As stipulated by law, we can not guarantee your ability to get results or earn any money with our ideas, information, tools, or strategies. We don’t know you, and your results in life are up to you. Agreed? We want to help you by giving great content, direction, and strategies that worked well for us and our students and that we believe can move you forward. Our terms, privacy policies, and disclaimers for this program and website can be accessed via the links above. We feel transparency is important, and we hold ourselves (and you) to a high standard of integrity. Thanks for stopping by. We hope this training and content brings you a lot of value.