50 More of the Most Useful Websites on the Internet by Johnny Webber

1. MapC.am – Call and connect with a random person somewhere in the world.
2. Pective.com – Find out the actual size of things.
3. ShareOnFB.com – Share fake news stories, and prank your friends.
4. WhichDateWorks.com – Find out which date works best with your friends.
5. imo.im – Free voice, messaging, and video calls.
6. LiveShare.com – Beautiful messaging for your groups.
7. Rappad.co – Write a song about whatever you want.
8. MySlideRule.com – Find online courses on any topic.
9. KeyboardTester.com – Test your keyboard’s functionality.
10. SndTst.com – A sound test for various games.
11. InternetDirectory.info – The Yellow Pages but for the Internet.
12. ABetterQueue.com – Use Rotten Tomatoes standards to create a better Netflix queue.
13. LucyPhone.com – Never wait on hold for a company ever again.
14. ZeroDollarMovies.com – Find free movies online.
15. Alertful.com – Get reminded of important appointments via email.
16. CommercialTunage.com – Find out which song was used in that one commercial.
17. JazzAndRain.com – Listen to the soothing sounds of jazz and rainfall.
18. OffTheRoost.com – Find a place to eat.
19. Studio.StupeFlix.com – Make amazing videos in seconds.
20. TypingWeb.com – Learn to touch type.
21. Bonanza.com – Remove backgrounds from images.
22. CloudConvert.org – Convert a file to anything.
23. 7CupsOfTea.com – Connect with someone who will listen to your troubles.
24. Boostgr.am – Promote your Instagram photos.
25. Chordify.net – Extract high quality guitar chords from any song.
26. Archive.today – Take a snapshot of a webpage so it will always be online.
27. TuneIn.com – Listen to over 100,000 real radio stations.
28. TakeLessons.com – Search thousands of teachers for local and online lessons.
29. Forget.me – Remove yourself from Google search results.
30. PizzaCodes.com – Get coupons for your pizzas.
31. AlternativeTo.net – Find alternative software.
32. Gixen.com – Automatically place eBay bids.
33. MapMyRun.com – Plan out every stride of your jog.
34. XKCDGraphs.com – Create your own XKCD style graphs.
35. WarrantyGenius.com – Organize and track all of your product warranties.
36. TheSquatrack.com – Track your workouts.
37. GodChecker.com – An encyclopedia of over 3,700 gods, demons, spirits, and beasts.
38. EasyASCII.com – Quickly copy ASCII characters.
39. PrintablePaper.net – Printable lined, graph, and music paper with more.
40. IP-Grabber.com – Grab an IP address from a link.
41. GifCtrl.com – Reverse gifs.
42. YourLogicalFallacyIs.com – Learn your logical fallacies.
43. HabitRPG.com – Create habits and earn rewards.
44. Jog.fm – Find the perfect music for your run.
45. HaveIBeenPwned.com – Check if you have an account that has been compromised in a data breech.
46. TeachMeAnatomy.info – Learn about human anatomy.
47. WobZip.org – Uncompress zip files online.
48. PDF.yt – Imgur for PDF documents.
49. UnplugTheTV.com – Watch educational YouTube videos at random.
50. 50WaysToGetAJob.com – Find out what you should do next to get a job.

9 Amazing (Very) Young Entrepreneurs

Credit: Young entrepreneur image via Shutterstock View full size image

Entrepreneurs are getting younger and younger these days. Stories of people launching startups right out of college and becoming CEOs in their 20s seem to pop up everywhere. But it turns out some of us don't even need to reach college age to start a successful company: These business owners aren't even out of their teen years yet! Check out our list of incredible young entrepreneurs that made a name for themselves before they could drive a car.

Leanna Archer

Leanna's Hair
Leanna Archer was just 9 years old when she began bottling and selling her own hair pomade to friends and family. Based on her great-grandmother's secret recipe, Archer's line of all-natural hair products has expanded to include a variety of hair cleansers, conditioners and treatments. The now-17-year-old serves as the CEO of her company and has been recognized by prominent business publications like Forbes and Success Magazine. She even started the Leanna Archer Education Foundation to help build schools and safe learning environments for underprivileged children in Haiti.

Robert Nay

Nay Games
In December 2010, a new mobile game app called "Bubble Ball" was launched on the Apple app store. In its first two weeks it received more than 1 million downloads, surpassing "Angry Birds" as the most downloaded free game from Apple. This game was built entirely by Robert Nay, a 14-year-old with no previous coding experience. According to CNN, Nay learned everything he needed to know through research at the public library, and produced 4,000 lines of code for his physics-based puzzle game in just one month. The teen entrepreneur's company, Nay Games, released 24 new levels for "Bubble Ball" in August 2013.

Lizzie Marie Likness

Lizzie Marie Cuisine
Like many little girls, 6-year-old Lizzie Marie Likness wanted to ride horses. To pay for horseback riding lessons, she began selling homemade baked goods at her local farmers market. Eventually Marie realized that cooking was her true passion, and with the help of her parents, she built a healthy-cooking website with instructional videos to help kids eat better. Now 13, Likness has taught cooking classes, appeared on the "Rachael Ray Show," and starred in her own WebMD video series, "Healthy Cooking with Chef Lizzie," through her culinary business venture.
[Do Confident Kids Have More Future Career Success?]

Moziah Bridges

Mo's Bows
Most young boys are revolted by the idea of getting dressed up, but Moziah Bridges is a rare exception. After being disappointed in the bow ties available to him on the market, Bridges learned how to sew his own with the help of his grandmother. The fashion-forward 11-year-old began selling his creations on Etsy, and his products were soon picked up by boutiques in several southeastern states. So far, Bridges has earned over $30,000 from his bow ties, and told Forbes that he eventually plans to start a children's clothing company.

Neha Gupta

Empower Orphans
From an early age, Neha Gupta has participated in her family's tradition of celebrating birthdays by traveling to India and bringing food and gifts to orphans in their hometown. In 2005, when Gupta was 9 years old, she decided she wanted to do more to make a real difference in these children's lives. She began selling handmade wine charms door-to-door and at community events to raise money for school books and other educational expenses for orphans. These efforts led her to create her own registered nonprofit organization, Empower Orphans. Gupta, now 17, has raised more than $1 million and has received awards from numerous charitable foundations.

Jaden Wheeler and Amaya Selmon

Kool Kidz Sno Konez
Jaden Wheeler and Amaya Selmon started making snow cones with a blender and an extension cord in front of their Memphis, Tenn.,home two years ago. Since then, the brother and sister team have upgraded quite a bit: at ages 12 and 11, respectively, they are now the youngest food truck owners in Memphis. In a Huffington Post feature on Kool Kidz Sno Konez, Jaden and Amaya explained that their mother purchased the truck for them after seeing how successful their (very) small business had become. The truck, which is usually stationed in local parks or at private events, now offers hot dogs, nachos, and more than 20 snow cone flavors.

Nick D'Aloisio

Summly
How many teens can say that a multinational corporation purchased their company and made them millionaires? There's probably not a lot, but Nick D'Aloisio is one of them. The 17-year-old entrepreneur is the tech prodigy behind Summly, a summarization app that algorithmically creates summaries of news articles optimized for the iPhone. At 15, he received backing from Horizon Ventures and other angel investors to develop his technology, and in March 2013, Yahoo acquired D'Aloisio's company for $30 million.

Anshul Samar

Elementeo (Alchemist Empire Inc.)
As a fourth grader, Anshul Samar loved playing card games. Two years later, he began developing his own, which he called Elementeo. Samar aimed to make chemistry fun with his board-based game, which involves pitting personified versions of each element on the periodic table against each other to "capture" electrons. Since the first iteration of Elementeo, Samar, now a 19-year-old Stanford University student, has continued to update the game and created a grant fund for other young entrepreneurs, says in a Taking on the Giant article. He has even given a TEDx Talk (an independently organized TED Talk) on his game.
This story was provided by BusinessNewsDaily, a sister site to LiveScience. Originally published on BusinessNewsDaily.

Taking on the dreaded expense report

Expensify

Expense reports that don't suck!

Lost receipts, misplaced corporate cards, arcane expense report software. The dreaded expense report is the bane of so many business travelers and freelancers. But a few high tech services have an answer, albeit with a dash of low tech too.
The mobile applications Expensify, Shoeboxed, and Lemon Wallet, all released over the past two years scan receipts, automatically turn them into spreadsheet files—and also automatically generate expense reports and even sophisticated financial analysis tools.
These time-saving receipt tools work thanks to top-notch scanner recognition. And the low-tech surprise of many of the receipt scanning apps: The use of human labor to verify auto-scanned receipts for expense reports.
Shoeboxed is open about human eyes looking at your receipts—promotional materials boast about "human-verified data extraction" of receipts at facilities in North Carolina and Australia. Both Expensify and Lemon Wallet also have verification of receipt data by human employees, although both use them to differing degrees. Lemon Wallet's co-founder Wences Casares said that the company initially used employees to input receipts, but switched to automatic scanning because of the cost and because too many errors were being made.
Alex Fitzpatrick, a political journalist at the website Mashable, swears by Expensify. "Expensify connects my credit and debit cards so I automatically submit expense reports, similar to how Mint works. But some expenses—especially cabs in Washington, D.C.--are still paid with cash. If I ask a cabbie for a paper receipt, Expensify's scanner does a great job of reading the handwriting on it," Fitzpatrick said.
When a user photographs a receipt, the receipt then undergoes a scanning process which transforms the image of a receipt into usable text which can be plugged into expense reports. This takes anywhere from five minutes to an hour, since receipts are typically photographed under a variety of lighting conditions (the technology used is nearly identical to depositing a check through a mobile phone).
"The scanned receipt is uploaded to our server and then goes thru a number of processes. Our imaging system cuts the receipt into a lot of little rectangles and uses these to identify the merchant name, phone number, and other important information." Caesares said. "Then this information goes through scanning for every small rectangle; we apply an algorithm confidence level to this and pass it if it is more than 50 percent."
Expensify, Shoeboxed, and Lemon Wallet then all verify data against a customer's previous records to make sure it hasn't been entered yet. Because the scanner process is resource-intensive for these service providers, users are typically limited in the number of free entries they can make monthly: All three charge for premium accounts with unlimited receipt uploads.
Shoeboxed's Corey Post said that the occasional mistakes made by OCR readers justified manual entry. Employees working in shifts at Shoeboxed's North Carolina headquarters manually proofread OCRed receipts. However, this takes longer than Lemon Wallet or Expensify: While most receipts take an hour or two to process, they can take up to 24 hours. "We try to balance instant gratification with keeping all employees in-house in the United States," says Post.
One of the largest target markets for expense report-generating apps is the freelancer community. According to a 2010 Bureau of Labor Statistics report, there are approximately 10.3 million independent contractors in the United States. Many of these independent contractors work for multiple clients, all of whom typically require separate invoices. All three companies target their products at independent contractors and employees on business trips.
Ultimately, each service has distinct advantages and disadvantages. Lemon Wallet is by far the easiest to use, but has limited functionality. Shoeboxed offers an array of options and integration with Evernote, Quickbooks, Freshbooks, and a host of other external services, but takes much longer to process receipts and has more of a learning curve. Expensify, meanwhile, shares the service integration of Shoeboxed but has prices that could add up for small businesses with more than a handful of employees.
So should users feel secure with the use of human labor during the input process of their receipts?
Expensify's own website warns users not to upload sensitive information, or "a picture of anything you wouldn't be willing to throw into the trash."
(The author is a Reuters contributor) (Editing by John Peabody, Ryan McCarthy and Brian Tracey)http://expensify.com

How post-industrial St. Louis made itself a startup hotbed

St. Louis has become a startup mecca, and a good place for recent college graduates to find work, or even follow their dream and create their own venture. There are tons of support resources, a favorable business climate, lots of shared spaces to choose from, and a positive vibe from many quarters. Having been a resident of the city for the last seven years, I have personally seen this evolution and am indeed part of the action myself. So why St. Louis and why now? It has to do with money, middle management, mentoring, brains and bandwidth.

Let's look at the stats. Earlier this year, Dice named St. Louis the fastest growing city when it comes to technology jobs posted on Dice. Job postings grew 25% and the average tech salaries were up 13% to $81,245. And according to Dice, Missouri's tech employment beat out Texas, New York and Washington. St. Louis Community College's annual workforce report is also noteworthy in its praise for IT jobs.

First there is money. Over the past several years, entrepreneurs have seen multiple ways to get grants or investments in their companies. Jay DeLong, the Vice President for New Venture & Capital Formation for the Regional Chamber in St. Louis has this video showing the 10 ways to raise $50k for your startup, including links to venture capitalists and business plan competitions. His video is nicely outdated, and new VC firms are being added to that list. Last month, Jim McKelvey, who was one of the co-founders of mobile payments company Square, put together the new VC firm SixThirty.

Matt Menietti is a Venture Partner with SixThirty (the name refers to the height and width of the iconic Gateway Arch.) and he told me, "We are another organization to the rich ecosystem in St. Louis but we are just focused on financial service tech startups." Their first program starts next month and will provide $100,000 investments, requiring each beneficiary to move to St. Louis for a four month program.

Some of these organizations such as Arch Angels have stepped up their game. When I first came to town, the Angels made one or two yearly equity investments and had a few dozen partners. Now they have merged with another venture capital group that was known as FinServe Tech Angels and award dozens of grants per year. Kyle Welborn, who ran FinServe and is now a partner at Cultivation Capital, another St. Louis-based VC firm, told me "With accelerators, business plan competitions, venture funds and angel groups, local companies are raising enough money to get started and grow."

I mentioned middle management for a reason, but not why you think. Over the past decade, St. Louis has been losing headquarters of Fortune 100 companies to other locations. Our iconic Budweiser is now part of an international beer company as one notable merger or acquisition. These moves involve shedding a lot of middle management, who in turn go into startup mode. Many of them have created new ventures and have been early recipients of Arch Grants and other funding sources.

Some ventures have gotten big enough to require their own middle managers. McKelvey's Square continues to have a small development group in town, and Riot Games development team has more than 30 people in the region.

Mentoring is another big factor. If you are going to start up a company from scratch, it helps to have folks you can call and get guidance from. And in St. Louis, there are now so many IT-related mentoring opportunities it is hard to keep track of all of them. The longest-running IT-specific program is the IT Entrepreneur Network (ITEN), which was founded in 2008 and now has 70 mentors advising more than 200 startup companies. ITEN has various programs including its Mock Angel preparatory session for those ventures that are ready to pitch to VCs and another program to help hone business plans. All of its mentors volunteer their time and take no equity position in the ventures. ITEN has more than a dozen job openings on their website, and you can see some of them below here. (Disclosure: I am a mentor at ITEN.)

How to Get Free Money – These 17 Companies Will Give You $1,820.25

1. Look at Your Budget on PersonalCapital.com – FREE $10.00 PersonalCapital.com, a portfolio management site, will give you $10 just to open a free account! For those of you who aren’t familiar with PC, their site reminds me a lot of Mint.com. Basically, you input your account information and then their website helps you track your investments, credit card balances and changes to your checking/savings accounts. 

The layout is pretty cool too – a number of full-color charts & graphs lets you easily visualize all of your financial accounts at once. Here’s how to grab the $10… 1. Sign up for PersonalCapital.com using my referral link. The bonus is paid out via Paypal, so my advice is to signup for Personal Capital using your Paypal email address. 3. Add your financial account(s) to your Personal Capital dashboard. You must link at least one account in order to get the bonus. 4. Wait 30 days. Unfortunately, this bonus takes up to a month to pay out, but it’s free money so can I really complain? **You must be a legal resident of the 50 U.S. states or the District of Columbia and 18 years or older in order to claim the bonus** Read more about it here: “Free $10 for Signing Up at Personal Capital”   

  2.  Trade Stocks at MotifInvesting.com – FREE $100.25 Motif Investing is unique among online brokers, because instead of picking individual stocks, you invest in a cluster of stocks (usually 20 to 30) from a similar field.  Sort of like a mutual fund, but the motifs range from Clean Energy, to Republican Companies, to Healthy and Tasty, to Obamacare.  Basically any interest you have or trend you’d like to invest in can be found on Motif… Even, better they’re giving away a ton of cash right now. If you open a new account and make one trade, you’ll earn $50. Make 3 trades, and you’ll earn $75. Make 5 trades, and you’ll earn $150! Now Motif charges $9.95 for each trade you make, so after making 5 trades, you’ll still be netting $100.25 in extra cash.  That’s like getting all of your transaction fees free AND earning $100 extra.  Sweet! Signup here - Free $150 Motif Promotion. Read more about it here: “How to Make $100 This Week with Motif Investing”  

 3. Download the Mobile Expressions App on Your Smartphone – FREE $15.00 MobileXpression is a research company that studies internet trends and reports to their clients about the popularity of different mobile phone websites. They are currently looking for a few thousand cell phone users to share some of the websites they are browsing on their mobile devices. All of the sharing is done with a special software that is installed on your phone and it doesn’t require any real work from you. Plus, they’ll give you a free $15 just to give it a try. Even better, you can also uninstall the software at any time if you decide you no longer want to participate. How it works… 1. Sign up at MobileXpressions here – You’ll need to share a little bit of information about your demographic which is similar to signing up as a Nielsen household. You’ll also need to tell them what kind of cell phone you have, because their software is only compatible with certain types of phones. 2. Download their software – It seems to be pretty easy and it runs in the background of your phone just like any other cell phone app. The site says it will have no affect on your mobile phone performance. 3. Send your data – This step doesn’t really require any work from you as the software automatically send the relevant data to MobileXpression. They don’t monitor your phone calls or personal information but they do check out the web pages you view, the links you access, and the usage times for certain device activities (e.g., text messaging, call lengths, and web browsing). 4. Collect your rewards – MobileXpressions will send you a $15 Visa gift card just for signing up and downloading the software. They also reward members with weekly contests and will have a drawing for $100,000 jackpot at the end of the year. Read more about it here: “Get Paid $15 to Share Your Favorite Website”  

 4. Try Banking at Capital One 360 – FREE $50.00 About a year ago, Capital One took over ING Direct and started offering free online checking accounts. What’s even cooler is that they’ll give you $50 just to open one. I’ve already got a checking account that I’m pretty happy with, but I don’t mind opening a second one for some free cash. Here’s how to do it: 1. Open a free checking account with Capital One 360. 2. There’s no minimum deposit with this account, but you’ve got to make at least 3 purchases with your Capital One 360 debit card during the first 45 days of opening the account. 3. On the 50th day, Capital One 360 will deposit a free $50 in your account. Sweet! For those of you who aren’t familiar with Capital One 360, they are a pretty popular virtual bank that gives spectacular interest rates. It’s completely free to open and maintain an account with Capital One 360. Go claim your $50 and take yourself out to lunch. Read more about it here: “Free Money Alert: Get $50 from Capital One 360” 

 5. Open a Netspend.com Account – FREE $20.00 This is another easy $20 just for requesting a prepaid, reloadable card from Netspend. I’ve tested this one and over 200 hundred readers have cashed in on this, so you know it’s a good one. 1. Click HERE and ”Open a NetSpend account” for FREE. 2. You will receive your NetSpend “Visa” Debit card within 10 business days. Mine made it here in 4 days. 3. Once you receive the card, simply log into NetSpend and activate it. 4. In order to get the FREE $20, you’ll need to load the card with a minimum of $40.00 using PayPal, a bank account or one of the other many options. 5. Once you load the $40.00, NetSpend will add $20.00 to your available balance on the card. I confirmed this myself with my own card. 6. Go to the ATM and withdraw the $60.00 total from your card or spend the funds at your local store, online, or wherever you can use a credit card. Yes, if you withdraw the money via ATM or cash back, you’ll be hit with the $2.00 fee for a PIN transaction or a $2.50 ATM Fee (would only be $17.50 – $18.00 bonus in this case). But, you can avoid the fee by ACH transferring it for free back to your bank Read more it here: “Free $20 Cash for Signing Up at Netspend”  

 6. Do Your Shopping via Ebates.com – FREE $10.00 The folks over at Ebates.com, the cash-back shopping site, are giving away $10 gift cards when you sign-up as a new member. You can choose either a $10 Target, Walmart, Macy’s, or Kohl’s gift card. You need to make a $25 purchase at any of the stores on their shopping list in order to qualify for the free gift card. I certainly don’t recommend spending $25 just to get a $10 gift card, but if you have plans to buy something online anyway, I would definitely cash in on this… Especially if you’ve got a gift card from a birthday or Christmas that needs to be spent. Look at this as a way to get a little bit extra back on your purchase. Some of the cash-back offers I use frequently include the 3% back on iTunes purchases, 1% back on Apple store purchases, and 3% back on Target purchases. But there are a ton of stores to pick from as well. Read more about it here: “Get a FREE $10 Target Gift Card from Ebates.com”  

 7. Open a Free Account at Plink.com – FREE $10.00 Plink.com is a new cash-back site that lets you collect rewards just by shopping at the places you already do. Right now they’re offering a sweet promotion that will pay you to $10 signup at Plink and then make a purchase a Mcdonalds. Since you do have to buy something, your actually profit might be a couple of dollars less, but my advice is just to buy an iced tea or an ice cream so you can keep most of the $10. One of the cool thing about Plink is that you earn rewards without having to carry any extra rewards card, coupons or special codes. Simply pay with your credit or debit card that you link to your Plink account. Your rewards will automatically be credited – it’s pretty cool! 1. Sign up with Plink.com – It’s FREE! To qualify for the FREE $10 Gift Card, you must be a new user of Plink. 2. Register your debit or credit card with Plink. 3. Make a purchase at Mcdonalds before 11:59 P.M. on Sunday, September 9, 2013. There’s no minimum purchase amount. 4. Wait for the 1,000 bonus points to apply to your Plink account (can take up to 7 business days). Finally, click the “Rewards” button and pick which gift card you want. That’s it! Enjoy. Read more about it here: “Get a Free $5 Gift Card to Amazon When You Join Plink.com” 

 8. Open an Account at Serve.com – FREE $50.00 Serve is American Express’s version of a prepaid, reloadable card and they are offering $50 when you open a free account, sign up for direct deposit and have two direct deposits put in your account. That’s a FREE $50 for about 5 minutes of work. Sweet! And here’s a tip: You can direct deposit a number of things besides your regular paycheck. I like to keep my paycheck going to my primary bank account, but for bank bonuses, I use other sources of income to fund it. Try to think of another place that you get monthly income from. Do you get a social security check? Insurance check? Second job income? Mystery shopping payouts?  A number of the “paid-to-email” sites also offer direct deposit. I know that Fusion Cash does, because I get a nice cash-out from them on the 20th of every month. Here’s a link to the promo page:     Serve.com $50 Bonus Read more about Serve.com here: “How to Get a Free $50 from Serve.com” 

  9. Take 5 Minutes and Open a Betterment.com Account – FREE $25.00 Betterment is a simple, online tool that allows anyone to invest in stocks & bonds without incurring transaction fees. It’s become pretty popular with small investors who want to start saving, but can’t afford the expensive fees you find at places like Etrade.com and Merrill Lynch. Plus, they’ll give you a free $25 just to signup! 1.) Open a free account at Betterment.com. The form takes about 90 seconds to fill out, so can literally do this while sitting in the doctor’s office or while watching television. 2.) You need to make an opening deposit of $250 or more within 60 days of opening your account. If you’re not ready to make a deposit right now, my advice is that you go ahead and fill out the Betterment promotion form today. You can always make the deposit later, but this way you’ll have the promotion locked in, just in case the promotion ends. 3.) Once you’ve deposited $250 (and waited 60 days), Betterment.com will deposit a FREE $25 bonus into your account. How easy is that? You can then withdraw your entire account balance or you can keep the $275 invested and earning interest with Betterment. Right now this is USA only. Read more about it here: “How to Make $25 While Sitting in a Waiting Room”  

10. Transfer Your Prescription to a New Pharmacy- FREE $25.00 If you’re one of the 70% of Americans with a monthly prescription from your doctor, I’ve got an easy way for you to make $25 bucks. Several of the national grocery and drug store chains have been know to run promotions where they will give you free cash or a gift card when you transfer a prescription to their store. For example, this month Walgreens is running a promotion where they will give you a $25 gift card for transferring a prescription to your local Walgreens. You can usually find these coupons in your Sunday newspaper circulars or on coupon blogs like DealSeekingMom.com and MoneySavingMom.com. You can even repeat this deal every month with a different pharmacy. Read more about it here: “Here’s a Neat Trick to Make $25/month if You Have a Prescription” 

 11. Sign Up an Account at OptionsExpress – FREE $100.00 Here’s another great way to make some free cash. This one is through OptionsXpress, a Charles Schwab affiliated brokerage house where you can trade stocks and options. From now until December 31, 2013, OptionsXpress is offering new US customers a $100 bonus when you open an Individual or Joint account and fund it with at least $500. 1. Open a new Individual or Joint account (IRAs, other tax-exempt, linked, or shared accounts are excluded from this offer). 2. Fund your new account with at least $500 cash or securities transferred from a brokerage firm other than OptionsXpress. 3. Make at least 3 trades within 12 months of account opening. 4. The $100 bonus will be deposited into your account within one month of meeting the terms and conditions of this offer. 5. Maintain at least $500 in your account for 6 months (excluding trading losses), if not, the $100 bonus will be deducted from your account. Read more about it here: “Look! OptionsExpress is Giving Away a Free $100 to New Account Holders”  

12 – 16. Sign Up for a New Credit Card – FREE $1,375.00 One of the best ways for a Penny Hoarder to make some serious extra cash is to take advantage of credit card sign up bonuses.  Of course, to get the most benefit, you should have excellent credit, and you should routinely pay off your credit card in full each month so you’re not paying interest.  (After all, every time you pay interest, you’re losing some of the positive effects of the bonuses.) Just recently I received over $1,300+ in credit card bonuses by selectively choosing new cards to apply for and use.  All I had to do was put my regular spending on the credit card over the course of a few months. US Bank FlexPerks Card –  $175 Signup Bonus Chase Sapphire Preferred Card – $400 Signup Bonus Barclaycard Arrival – $400 Signup Bonus Citi ThankYou Preferred Card – $200 Signup Bonus American Express Gold – $200 Signup Bonus For those of you wondering, here’s a great article on how to do this without hurting your credit score: How Opening and Closing Credit Cards Affects Your Credit Score Read more about it here: “5 Credit Card Promotions That Made me $1,375”   

17. Get Paid to Complete Tasks at InboxDollars.com – FREE $30.00 There are a number of sites on the web that will pay you to read advertiser’s emails, sign up for offers, and take surveys. I’ve tried about a million of them, but there are only a few of them that I would recommend. Inbox Dollars is one of those companies and I want to show you how I made $30 in a little over an hour completing offers on their site. It’s free to join Inbox Dollars and best of all, they give you $5 just for signing up! Inbox Dollars just requires that you accumulate $30 in earnings before you can “cash-out” and they pay you by sending a check. Some sample offers include one that asks you to sign up for a email newsletter from AMF Bowling. That pays 50 cents and takes about 15 seconds. Another offer asks you to sign up for a free account at Turbotax.com to earn $3.50. These are simple and there are nearly a hundred of them to choose from. One way to get to $30 in earnings in only a few minutes is by taking advantage of the book club offers. There are a half a dozen book clubs that are offering $10 if you try out their club. Signing up for a book club does require you to put some money forward which is why I suggest this method for more advanced users. If you don’t want to continue your membership in the book club, you will need to simply mark “Cancel- Return to Sender” on the outside of your first package and return it to the postman. The book club will give you a full refund and you get to keep your $10 for trying it out. If you are interested in giving Inbox dollars a try, visit the sign-up page here to get started.

Why Is Ukraine a Cage for Entrepreneurs?

The challenges of doing business in Ukraine

All Ukrainians wanted to cast off the yoke of the communist dictatorship and the planned, ration-based socialist economy. What did they obtain after succeeding in doing so? Most people did not receive a better life. The “reforms” were such that fraud and embezzlement of public property were not just permissible but even prestigious.
How can Ukrainians come to terms with this fraudulent and largely criminal business? Most importantly, how can things be put back on the right track? Without a free market and the energy of entrepreneurs, Ukraine will continue to eke out a miserable existence. In this series of articles, I attempt to expose the main problems faced by Ukrainian business and show what alternative paths of development exist. The first instalment is about the importance of free entrepreneurship for the economy and how Ukraine affects it.
It is often said that privately owned companies seek only their own benefit, and the country's economy can do well without them. Following this line of reasoning, state-owned enterprises are the only ones that secure the welfare of the entire nation. Most Ukrainian politicians and government officials subscribe to the idea of seeking an optimal balance between the two types of companies.
Another widespread opinion is that private companies require efficient owners. It follows that, lacking such owners, companies must remain property of the state. There is also the well-known view that all forms of property need to be supported and developed. Is this really true? Evidently, it is not that simple.
ENTERPRENEURIAL PROFIT AS COMMON GOOD
If there is no economic profit, there is no accumulation of capital or investment nationwide, and this  means that the conditions for growth in production, more jobs and R&D are not in place. This is axiomatic. Profitability can be found only in a market economic system with private property.
With few exceptions, there was no economic profit under feudalism and previous social systems. The dynamic of economic development was essentially nonexistent. Some people noted that both profitability and investments were part of the planned economy under socialism. Yes, profits indeed existed. But were they economic profits, i.e., the result of economic initiative put into practice? No, they were obtained by confiscating the property, goods and labour of peasants, urban workers and scientific institutions and by expropriating private capital accumulated in tsarist Russia. The Soviet government also claimed land rent and in-kind rent, exploited the military and convicts who did penal labour and earned income on war indemnities and the lend-lease in the Second World War, etc.
The profits were reaped not by enterprises that were economical, innovative or otherwise economically efficient, but by those whose products were sold at prices centrally fixed at a level higher than unit cost. Meanwhile, some other enterprises were forced to sell their products below unit cost, so they were unprofitable according to the economic plan.
Prices were fixed in a centralized fashion, which was the fundamental distinct trait of the planned economy. Profits were reaped by the state and the state then distributed them among certain economic entities. As the sole proprietor of all profits, accumulated capital and investments, it did not need other entities willing to seek and obtain them. That system was fundamentally flawed and could not be successful, because it failed to stimulate entrepreneurial activity, which is the human initiative that leads to the production and realisation of innovative consumer values, the application of innovative production technology and/or the opening of new markets.
The means of production and labour have no sense without entrepreneurial ideas and actions. It is only jointly that means of production, labour and the organisational efforts of entrepreneurs create value and become part of it. Land and monetary capital that are involved in creating value also need to be factored in. This pertains to any industry or type of economic activity, such as the manufacturing industry, commerce, transport, construction, communications, utility services, hotel and restaurant business, legal services and so on.

Some companies receive profits exclusively due to special entrepreneurial qualities, and these profits are the difference between revenue and production costs after interest has been paid on the capital received. Without ownership of a company, a person will not show entrepreneurial qualities. Nor will he channel his own and borrowed money to establish a new enterprise and develop it.
Notably, entrepreneurship plays an active, creative part in the economic process unlike other, passive components.
Entrepreneurship should be distinguished from scientific research, the creation of innovative products, design, branding and building a typical technological process. All these elements are prerequisites for manufacture and business, but without entrepreneurship, they remain on paper only.
Entrepreneurs are producers, but they do not simply implement what has already been designed and developed. On the contrary, they themselves initiate and implement the best of possible products rather than simply promote their own ideas. They also advance their products on the market, seek the best and most favourable markets, and create and increase value.
This special entrepreneurial process yields better products, the highest productivity, minimum costs and the best supply/demand ratio. The output may include any consumer goods – products, services, information, etc.
Another important trait of entrepreneurs is their contribution to creating value and generating revenue. Other components – land rent, equipment cost, payroll and bank interest – are relatively stable quantities determined by average market values.
Entrepreneurial profit, just like the efforts of entrepreneurs, is in no way linked to average values. This performance indicator is always individual and depends on the specific invention as well as on consumer perceptions.
Entrepreneurial profit is, as a rule, short-lived. Its maximum value is achieved at an initial stage when new production ideas are implemented or a new good is manufactured, as long as it is unique.
With time, others begin to master the new production methods, production volume grows and higher demand for such innovations is met. Then the size of the entrepreneurial profit decreases, while other components of net profit (rent, interest, payroll and depreciation) remain virtually unchanged.
Entrepreneurial profit disappears completely when organizational and technological improvements spread throughout the industry and when no one has an individual advantage in terms of economy, or when a new product begins to be manufactured by all competing companies and consumer demand is fully met.
Thus, entrepreneurial activity as such is creative, because it develops production. An entrepreneur cannot afford to rest on his laurels. His stimuli are of a special and extraordinary kind. Entrepreneurial profit may be superhigh if his proposal is revolutionary, as was the case with the railway and the steam engine or, more recently, the Internet and its new operational capabilities.
By standing still, an entrepreneur risks losing everything and going bankrupt. There is no development, organization, enrichment and progress of society without entrepreneurial activity.
ENTREPRENEURIAL ACTIVITY AS AN ENEMY OF THE PLANNED ADMINISTRATIVE ECONOMY
Why did socialism remove entrepreneurs, and can the CEOs of Soviet plants and factories (and chiefs of ministries and agencies) be called entrepreneurs? In some cases, Soviet directors exhibited entrepreneurial qualities: they reequipped their plants, implemented better technology, serialized new products, optimized production capacity, etc.
But they never became entrepreneurs. First, they did not receive any of the profit resulting from their innovations. Instead, they only received their salaries which, truth be told, included various bonuses and stimuli, special one-time payments for technical upgrades and personal benefits awarded by ministries.
In other words, such improvements could never materialize without the consent of the owner (the state, or its ministry), which viewed plant directors exclusively as hired labour. Second, the changes made at state-owned enterprises were not, in essence, innovations because they only replicated — in a planned economy — the achievements of other entrepreneurial entities, which were normally located abroad. Typically, they did so inaccurately, because foreign models often had to be modified or altered.
These Soviet novelties simply propagated innovations already present on other markets. The best equipment used in the most advanced sectors of the Soviet economy (microelectronics, radio electronics, electronic engineering and rocket construction) was foreign-made.
In general terms, three waves of technological import may be singled out: during industrialization; after the Second World War (American lend-lease and war indemnities imposed on Germany); and in the 1970s and 1980s, when a strong flow of petrodollars after crises in world energy allowed the USSR to purchase new equipment in the West.
Soviet constructors who designed products that were serialized by the industry, from footwear to cars to ships and nuclear reactors, were copied from foreign specimens, including those procured by the Soviet special services.
ENTREPRENEURS NEED THE OPEN SEA AND FINANCIERS NEED QUIET HARBOURS
What is the connection between entrepreneurship and investments? Where do investments come from to meet the needs of entrepreneurs? The source of these investments is citizens, groups of citizens or nations that invest in manufacture, business and transactions in order to receive profits. If investments are made by private individuals who seek the highest return, they will most likely go precisely to entrepreneurs.
Entrepreneurial activity and financial business are fundamentally different. The former seeks to bring together factors and components of the production process to create supply on the market of consumer goods, while the latter is aimed at profitable and risk-free investment of money and is not much concerned about where to invest – manufacture, bank deposits, stocks or bonds, precious metals, real estate, financial, currency or other speculations.
An enterprise is designed to make new products, search for markets and select the best technology, means of production and methods of its organization. It is, in essence, a producer of commodities. The goal of business is to preserve the value of money by receiving passive income – interest, discount, rent, etc. This type of economic activity is passive in that it only reacts to changes in prices, profits and value of capital all of which are secured primarily through entrepreneurial activity.
An entrepreneur is not afraid to take risks. He does not even give thought to risk when he starts a business. In contrast, financiers shun risks, because they do not know all the capabilities of enterprises and markets; they cannot be sure what a particular government will do or how key financial markets will change. Even in these conditions they have to meet their commitments before investors.
They are mediators with interest in financial stability and predictability. Of course, financial profiteers earn precisely on “risks” – they like instability and abrupt currency and price fluctuations which enable them to buy lower and sell higher. Entrepreneurs are interested in innovations and their implementation, while financiers are very cautious about innovations. They would rather wait until a new thing is fully implemented and guarantees stable positive results. Investing financiers spread, rather than introduce, innovations.
Entrepreneurs need free access to resources and markets, laissez-faire and independence from the state, land owners, trade unions and creditors. In contrast, financiers are not interested in freedom and resources. They are ready to cooperate with the authorities, land owners, or anyone for that matter, in order to reduce risks and share them with others. This is why bankers, exchange brokers and investors do not, quite unlike entrepreneurs, seek political freedom and instead try to find ways to cooperate with the existing government regardless of how corrupt or totalitarian it may be.

In the USSR, there were no entrepreneurs or profit-oriented private investments. The economy was deprived of an ability to generate profits by cutting production costs and offering new consumer values on the market. In socialist times, the Ukrainian community reverted to a social system in which the economy was unable to self-improve, obtain entrepreneurial profits and efficiently use them, while Soviet society was incapable of cultural and intellectual growth.
IS THE PROFIT-ORIENTED ENTREPRENEURIAL ECONOMY WORKING TODAY? IF NOT, WHY NOT?
Several prerequisites must be in place for a profit-oriented entrepreneurial economy to function. First, prices must not be set on an individual basis. Instead, an average price should result from the interaction of all sellers and buyers of a certain product on the market. This price correlates with average costs in the industry and goes up or down depending on the supply/demand ratio. This is market, rather than administrative, pricing at work. In this case, price is an external factor for a specific enterprise and a common quantity for every player, independent of individual costs.
Second, entrepreneurial profit emerges only in companies that outperform others by installing newer or more productive equipment, using better or cheaper materials or organizing the production and administrative processes more efficiently.
Another source of profit is pricing: when an entrepreneur first comes out on the market with a fundamentally new product, he sets a price that is much higher than that of traditional products.
The same thing happens when a businessman opens new markets for his traditional products. Other entrepreneurs who have not achieved similar results incur production and marketing costs that are on the level of market prices or higher, and thus their activity does not bring that much profit.
In this case, entrepreneurs are content with bonuses for special managerial functions (formulating the overall conception, finding markets, landing large contracts, involving highly qualified CEOs, etc.) or receive rent payments as owners of land, minerals, buildings, communications and so on. The corresponding expenditures are, of course, part of production cost. Entrepreneurial profit is only one part of all profits received by company owners, so when it disappears, other components remain.
Third, entrepreneurship as a special type of human activity has a special existential niche. It brings together components of the manufacturing process and marketing procedure and secures the operation of a company established for this purpose. Success depends on how well the components are made to fit together, as well as the choice of equipment, labour and technology.
Entrepreneurial activity is also special in that it involves a constant search for new businesses and technologies; other (better) use of old equipment, buildings and land; closing old unprofitable companies and creating new ones in terms of the manufactured product, branch of industry and method of production. All these changes are innovative.
A true entrepreneur lives by innovating. Innovations are what enables businesses to put products on the market whose value greatly exceeds that of similar products made by other suppliers. Products of this kind bring the owner temporary entrepreneurial superprofits. (This highly important conclusion was first formulated by Joseph Schumpeter who once taught at the University of Czernowitz and served as the Austrian Minister of Finance.)
Those who fail to constantly innovate lose the initiative and zeal and soon stop being entrepreneurs as such, because their business loses its competitive edge, becomes unprofitable and eventually goes bankrupt or is closed.
Fourth, the entrepreneur is not, for all intents and purposes, a creditor, investor or financial partner. A person who seeks to accumulate and save money, receive interest on capital and make successful temporary investments never turns into an entrepreneur. He is a financier. The goal of an investing financier is to reduce the risks of capital placement (if possible), diversify investments, pull out of unsuccessful investments in good time and move his money elsewhere. A person who has accrued savings is primarily interested in investing in property, stocks, land and whatever else might secure the highest interest, dividend or rent.
None of the above pertains to the entrepreneur. His task is to organize and improve a specific business. Thus, if he has to also search for money needed to implement his business idea, solve tasks to minimize investment risks, etc., it will only hamper him and will hurt the economy in general.
Therefore, it can be concluded that financial business has to be a separate and specialized sector. Entrepreneurship cannot develop and be successful if the economy does not have favourable conditions allowing easy access to credit and investment market resources.
Fifth, anyone can become an entrepreneur, but he must have an intellectual, businesslike, socially and politically independent personality. This enables a businessman to carry out an objective financial analysis of existing production facilities, do marketing research, select the best new ideas in terms of design, technology and production and invite highly qualified specialists.
This kind of freedom is impossible in an unfree, closed, undemocratic, utterly bureaucratic and corrupt society. It also follows from this that a government employee, a law enforcement officer, a serviceman, a tax inspector, etc. cannot be an entrepreneur. Where people like that do “business” social goods are embezzled, bribery is forced upon citizens and criminally punishable abuse of office is rampant. Moreover, if an enterprise is launched and controlled by bureaucrats who cannot possibly have entrepreneurial qualities, it will not bring profits. In other words, n most cases it is impossible to adjust Soviet enterprises to a competitive market economy.
Sixth, a profit-driven entrepreneurial economy requires a competitive environment and a free market. The entrepreneur has to seek profits that arise from new combinations and improved business. If he is a monopolistic supplier of a special product on a certain market, he will objectively be able to set a much higher price compared to products in the same group on the same market. This price will reflect the real value and will include entrepreneurial profit as payment for innovation. However, a monopoly on innovation is short-lived in conditions of a competitive market economy.
Other producers also desire to receive innovation-generated profits and will try to start producing the unique product themselves as soon as possible. The growing supply will meet the spiking demand, and a monopolistically high price will go down. In this way, the price will begin to reflect production costs. Thus, competition destroys innovation-generated superprofits, and this is a positive phenomenon. The initial monopolistic supplier will be forced to come up with new types of products.

In other words, the entrepreneurial function would not be performed without competition, and a monopolistic supplier of a certain good would be content to receive stable superhigh profits and, instead of generating new business ideas, he would abuse his position by independently hiking prices, reducing the product’s quality, misreporting his profits, etc. So the entrepreneur himself is not idealist. He wants to maintain his monopolistic position as long as possible and tries to eliminate competition.
Artificially created and natural monopolies and their protection under the government, which was part and parcel of the socialist economy (and could not be otherwise because the state, as the sole owner, also craved for monopolistic superprofits) and survives, to an extent, in the current Ukrainian realities. However, the above suggests that this is a road to degradation. Moreover, entrepreneurial activity alone – without the government's involvement to support competition and overcome monopolism – may fail to produce positive social results and may, to the contrary, lead to economically unacceptable business structures and skewing the market.
Seventh, society must work out a tolerant and reverent attitude to entrepreneurs, both at the everyday and state level. This is the starting point for the mental and physical attitude of government officials, tax inspectors and policemen to businessman as a social group and to entrepreneurial expenditures and profits (including superprofits). If these financial resources that entrepreneurs have are viewed as undeserved, unfair and earned at the cost of “exploiting the working class”, taxes will be superhigh; policemen and inspectors will be unduly biased; and the investment and business climate will be unfavourable.
Social acceptance and intolerance have to be based on the understanding that entrepreneurial profit originates from labour. In contrast, monopolistic superprofits and corrupt political rent generated by certain businessmen must become a target of social obstruction and punitive persecution on the part of government, law enforcement and judicial bodies. Therefore, it is important to discriminate socially useful types of profits, such as entrepreneurial and innovation-based profits, and harmful and illegal profits (resulting from monopolies, corruption, profiteering, etc.) and stimulate companies to focus on the former. This may not be an easy thing to do, because profits, just like money, do not smell.
UKRAINE AS A CAGE FOR ENTREPRENEURS
Does Ukraine possess the above features and meet the requirements set for a profit-oriented entrepreneurial economy? A hostile attitude to private entrepreneurs – independent, innovative and creative – is undisguised and widespread in Ukraine. The public has formed an image of in impudent and greedy fraudster. Most people perceive the state as the sole benefactor that guarantees justice and develops the manufacturing industry. Mentally, Ukrainian society tolerates entrepreneurs as the unnecessary addition to the freedoms and property rights enjoyed by the citizens. Tax inspectors and policemen have been set on entrepreneurs like hounds. Fiscal pressure has cut off energy supplies to entrepreneurs.
Only those who cooperate with officials and those who have billions command respect because they can nicely reward a judge or a journalist. Entrepreneurs are not being raised or educated in Ukraine. Specialized colleges and institutes equip students with technological expertise and knowledge of economic relations in their respective industry (manufacture, construction, transport, commerce, tourism, the restaurant and hotel business, design, etc.) but not with the skills needed for entrepreneurial activity. Neither are individual approaches or nonstandard solutions encouraged. Thus, it should not come as a surprise that college graduates look for jobs only in existing organizations and fail to find them. They do not even think about starting their own business.
Our country lacks the cult of inviolability of a private individual and the protection of personal information. The rights and freedoms of people are not a supreme value like in the Western world.
The entrepreneurial sector in Ukraine is very narrow, sparse and marginal. The authorities view it as a place for small-scale flee market transactions and related industries (delivery, transport and financial services). The entire system of financial and legal relationships between the authorities and entrepreneurs is built on this foundation.
It is still “permissible” to engage in individual activities that involve providing various intellectual and other professional services. There are few other sectors where entrepreneurial zeal can be seen: residential construction and business property development, entertainment centres, resorts, shopping malls, etc.
Due to destructive privatization and government-backed elimination of competition, the new owners of industrial, communications and agricultural enterprises inherited by Ukraine from the USSR never turned into entrepreneurs. They are content to receive other types of net profits – corrupt and monopolistic profits, various subsidies and soft loans, rent on mineral mines and fertile land, etc. Thus, most of them continue to lose their markets and revenue.
Unfortunately, entrepreneurs are unable to obtain sufficient financial means to develop production. The state is of no help, not even in R&D and socially significant projects. Instead, it sets tax traps to freeze revenue and confiscate property. Moreover, since Ukraine became independent in 1991, sky-high bank interest rates have made bank loans unaffordable. Bank loans do not account for even one-tenth of the demand in the national economy. The annual increase in credit resources has been at a mere UAH 60-70 billion in the past several years, which is less than five per cent of Ukraine’s GDP.
But independent entrepreneurs have received virtually none of this money – it is distributed among those who are close to the government, own financials institutions and who are not entrepreneurs by definition. When resources are lacking, there is no sense to seek innovations, manufacture new products and build the necessary equipment. That is the reason why there are no Ukrainian-made innovative goods to be seen.
The entrepreneurial sector accounts for an unacceptably low part of the national economy and is mostly marginal, which hampers the profitability and progress of Ukraine’s economy. An extremely heavy burden is placed on the national economy by unprofitable companies – at least 45 per cent of the total number in some years and 56 per cent during the crisis in 2009. This means that true entrepreneurs did not have access to such companies. It is also worth noting that the lion’s share of profits is secured by the financial and credit sector of the economy. Approximately one-third of enterprises in the industrial sector make any profit, and of these no more than 10 per cent are entrepreneurial, according to my calculations.
Another roadblock is the non-market character of Ukraine's economy: prices are set by the authorities, certain commodities are regulated in an administrative fashion; the central government interferes with the distribution of financial resources; the government puts restraints on foreign economic activity and so on. Therefore, Ukraine has found itself in an impasse — there is no future without entrepreneurship.

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