Tax Comparison of Countries


What in America is called “sole proprietorship” and in the UK is called “sole trader” is known as “FOP” (fizichna osoba-pidpriyemets) in Ukraine.

The private (individual) entrepreneurs are eligible to choose a simplified taxation system and pay a 5% Single tax of the gross income (UAH 5 million max.) from their business activity. Also, the monthly social fee of UAH 1039,06 has to be paid.



Individuals with annual turnover of less than 30,000 Georgian lari (GEL), no employees, and who register as a micro business will be exempt from tax on their business income. Individual entrepreneurs with annual turnover of less than GEL 500,000 may register as a small business and pay 1% tax on their turnover. The rate increases to 3% if annual turnover will exceed GEL 500,000.





Estonia (20%), Portugal (20%), Albania, Moldova, etc.

Export Control for Open Source and Mass Market Encryption


Today, the Bureau of Industry & Security (BIS) is amending the Export Administration Regulations (EAR) to eliminate most reporting requirements related to open source encryption software and certain “mass market” encryption items.

Previously, software source code published online that called, contained, or used encryption functionality often remained subject to the EAR (and its licensing requirements) until the author of the code submitted an email notification report to the U.S. government. Today’s amendment eliminates the reporting requirement for source code that uses standard cryptography, releasing source code from the EAR’s licensing requirements once the code is published online. Under the new rules, only source code that implements proprietary or unpublished encryption must be reported to the U.S. government before being formally released from control under the EAR. The change should substantially reduce the reporting burden for companies that frequently publish open source software online.

Changes to “mass market” reporting and classification requirements

Today’s amendment eliminates the requirement that exporters submit an annual report to BIS for most “mass market” encryption items (e.g., software and other items generally available for sale to the public). Under the revised rules, annual reports will only be required for a limited set of mass market items described in § 740.17(e)(3). These items, including certain chips, chipsets, electronic assemblies, field programmable logic devices, and associated executable software, previously required the submission of a formal classification request to BIS before they could be exported as mass market items. Pursuant to today’s updates, these items will be eligible for export following self-classification, but will be subject to an annual reporting requirement.


AppSumo Payment Details

  • Earn 95% of revenue when you bring a new buyer to AppSumo.
  • Earn 70% from returning customers we bring to you.

When we get closer to your first payment date you will receive an invite from Tipalti (AppSumo’s payment processing system) to add your payment and tax details.

Payment options include:

  • Paypal
  • Echeck
  • Wire transfer (using your SWIFT and other bank details)
  • Borderless bank account (i.e. Wise) to receive USD payments with little to no fees

When will I get paid

  • Payment for April sales will be initiated the first week of July
  • Payment for May sales will be initiated the first week of August
  • Payment for June sales will be initiated the first week of September

Red Ocean vs Blue Ocean

Red Ocean Strategy: Competing in industries that are currently in existence. This often requires overcoming an intense level of competition.

Blue Ocean Strategy: Creating demand that is not currently in existence, rather than fighting over it with other companies. You must keep in mind that there is a deeper potential of the marketplace that hasn’t been explored yet.

Full Transcript: Patagonia – How I Built This

Patagonia: Yvon Chouinard
How I Built This with Guy Raz

Listen Podcast

(Transcript generated using Speech to Text Converter)

Hey it’s Guy here with a quick note before we start the show if listening to our show this year change the way you think it anyway please do consider supporting your local station and tell us how the conversations you heard here help you grow this year visit donate dot NPR dot org slash built to give and then share your story with the hash tag why public radio and thanks
and just one more thing the how I built this team is taking a little time off for the holidays but before we head out we’re gonna put a bonus episode in your queue this Thursday so be on the lookout for a special live recording with me and Arthur blank co founder of the home depot for now we’ve got one of our very favorites from the archives enjoy

Continue reading “Full Transcript: Patagonia – How I Built This”

Book Summary: Company of One (Paul Jarvis)

*Accept reality
*Sense of purpose
*Ability to adapt

*Requires proficiency at sales, marketing, project management and client retention

*Without funding and staff, it is easier to pivot

*Only efficient actions

Focusing to grow usually leads failure in the long term.

Keeping existing customers is cheaper than getting new.

According to U.S. Census Bureau, 38,029 non-employee establishments have annual revenue of $1 million in 2015.

Use processes, systems, reusable building blocks.

Don’t focus on profits; focus on better products, better experiences, better support and increased customer success.

Values-driven companies outperform their counterparts in stock price by a factor of 12.

Passion doesn’t precede mastery, but follows it.

Align your day/schedule to be focused on single-tasking. Minimum disruptions.

A company that isn’t telling a compelling story can devolve into boring and forgettable vanilla ice cream. Large companies are the vanilla ice cream of the market. Companies of one have to be the pistachio ice cream of their market.

Customer service: Your customer gets something unexpected and then feels the need to help your business.

Must be personal (interested in what, cookie), upsell, updates
Don’t send if already paid

Trust turns into sales.
Teach them the value of what you are selling.
Free articles, paid digital products.
Common Questions: Reduce support

Send gift to loyal customers.
Ask (automatically) everyone whether they are happy with the product. If they are happy, request referral (incentive).

  • Start with the idea of creating a trust-centric business,
  • build products that customers love,
  • make sure they’re educated and
  • happy with what they’ve purchased from you,
  • and give them systematic ways to share their success with others.

Trying to start with a perfect product is very hard! Start with helping people (free consulting, blog), then build products.