What Las Vegas can teach us about backing entrepreneurs

Tony Hsieh's Downtown Project encourages people to take the leap: it's just what Britain needs

BRITAIN must cut taxes and red tape to produce more entrepreneurs, screamed the headline in the Daily Telegraph this week. The Centre for Policy Studies found that Britain lags behind Hong Kong, the US, Australia, Israel, Canada and Ireland when it comes to producing entrepreneurs.

I think that behind the argument for reducing capital gains tax and scrapping the 45p rate lies a more fundamental question. How do you empower people to be brave and take the leap from being ’self-employed’ to embrace risk and build a business?

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