Almost all Nepalis who have lived in the US for couple of years have thought of owning their own business. After few drinks, one of the favorite topics is running one's own business be it a Fast food Momo, Nepali Restaurant and Bar, Nepali Night Club, IT Company, Recruiting Company, Import export company, Immigration Services, or any other business under the sun.
We see many Indian businessmen proliferating in the restaurant business hiring a large number of Nepalis, and we see many Indian recruitment companies hiring many Nepalis. So we know that it is not something that is impossible, but there is a very few Nepalese entry into the business world compared to others. Although, in recent years the numbers have increased.
The number of Nepalis residing in the US has increased dramatically following a large exodus of students and DV winners from Nepal, yet there seems to be some hesitation in starting a new business.
So what are the major barriers to entry into the business world for Nepalis? In my opinion it is mostly lack of correct information. Granted, few things like capital and /or good credit history are basic requirements, but I feel that it is the general lack of information about starting a new business that is stopping many able and aspiring Nepali businessmen from taking the initial step.
Even the hard core street smart business person coming from Nepal feels overwhelmed at the enormity of the US marketplace and the processes that make it so. Many people feel discouraged to even start looking for information since the whole process seems so overwhelming, you just don't know where to begin.
In my opinion what is lacking is an information exchange tool which is dedicated to answer such questions to make it easy for a business minded Nepali to navigate the complex maze of business startup in the US.. So, if we start this information exchange forum for sharing such ideas, then it would help out many prospective business men and women to work towards their dream business, and instead of talking about it in parties year in year out, the next time we can hear the good news that so and so has actually started their new business!
Please use this forum to share what you know so other Nepalis can also start their own businesses. If there is any professional who is knowledgeable about the legal aspects, please share what you know!
I want to start this forum with a link from the US Government website which is dedicated to helping people aspiring to start their own business
http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business
