all. you sound like a loser that should be watching another . >> is the american dream dead? >> ie as. >> is the american dream dead? >> is the american dream dead? >> dead? >> only one out of four still believe in the american dream. why is that? lemonade for sale. there are so many rules it is impossible for me to sell lemonade legally. >> despite the obstacles people keep creating silly things like a bar with market prices. a new food? >> $2 million of sales and grand ideas. systemic the most patriotic

thing you can do as an american is to become a filthy rich. there is a time to play it safe. ♪ john: risky business those of you who know the tom cruise movie it is not about running a brothel in your home. we will talk about other risky businesses but that process of trying and failing then again and sometimes succeeding is what made america prosperous. people call it the american dream. but now i am told it is dead. >> you cannot just make it.

it is dead. >> really? i assume that is just the victim mentality all over the left-wing media but our economists also says it is dead. >> it is not dead but under the evil spell. but it does not affect their lives the way it did in the past. john: i see it all around us to make you are biased because you have a job. the one simple fact the russell 2000 companies that are expanded have half the number of jobs they did before the 2008 financial crisis because the united states government has done everything possible to make a hard for people to take a new idea front inception in

to start up to expansion. john: they keep passing more rules to make absolutely i had lunch with a former chairman of the largest holder of furnishings chain he said just tell them to shut washington down. >> also globalization makes it tough? you would think that would make it easier. >> globalization increases the thresholds you have to hire the people overseas the government relations, the translators and and so forth. when you deal with a lot of countries particularly in the developing sector dealing with governments. john: i interviewed one billionaire who is a good example when markey been was 24 he had no money with no job prospects and he created several companies. >> literally all night every

night the most patriotic thing you can do as an american is to be filthy rich. to create jobs and opportunities he started called to serve in that broadcast.com if he sold that to god you for $6 billion no host a tv show that has entrepreneurs to pitch ideas ian sometimes invested them. >> the show is a hit. there probably stole the idea from this old pbs show. >> we call it money hasn't. >> but what will make it. >> i just want to reposition >> every time you think he has gone over the rainbow he will set you back in. >> this season -- the speaker was wailes spencer 20 years later.

now you invest in companies? >> both cashman the team building leadership. john: what about the dream is dead? >> absolutely not. certainly it does die a in certain sectors and that is what many companies are built upon so every time the.com failed. john: so one show was stuff like this. prior written stuffy and he gave the ceo and vice and apparently you helped him. >> a couple low seasons ago he came on this show doing $2 million a year. john: that turned out to be one of the big successes in

they just sold out to a big food companies to mckee was said tremendous person a scientist to could create a very tasty treats but needed the team building that allowed his business to grow if it is tasty. john: wouldn't adjust succeed because it tastes better? limit that is a quaint thought but today with the global economy that competes against elman the different categories it is crucial to have great marketing and product it is not just the one trick pony anymore. john: any other successes? >> actually one company was so good we invested in them and put them on as an expert and deutsche bank took them public in 2000. actually there was one entrepreneur we wrote to a figure for about six figures him the money was gone

before the commercial break. [laughter] that was during the.com bubble. there are shows out there today that they try to get the checkout of creditors but the reality is it takes more to build the business than just the 20 minute touch. john: but there is an excitement that i feel sure f. fox business to take the risk and try something billed adrenaline. >> i actually thrive on adrenaline. john: part of that is when you invest odds are you will fail. >> 80% the first year 10 percent the second. >> c will have five companies' longstanding after five years. >> but they have to be profitable enough to pay for the failures. >> one of my hits would pay

25 years. >> i also was an entrepreneur. i love it but the question is are ordinary americans seeing the benefits in the way they did in the past? most jobs were created by start-ups with the obama administration and the russell 2000 has half the jobs and most come from big companies. the confidence that americans have to improve their lives. john: where did you have more fire? limit the small-company no question. john: talk about our president he seems a little schizophrenic. >> 2011. america has been a nation of two workers that buildings and take risks and we believe if you have a good idea and willing to work hard enough you can turn that into a successful business. john: two years later he

said this to make you have been successful you did not get there on your own. you.not feel that. john: what is that about? >> there is a colonel of truth. all the technologies that transformed the economy is had some government participation. microwaves, lasers, . john: a small amount. >> but government does not pick who succeeds or fails it is the free market. yes entrepreneurship is more exciting than to work for a large company. >> now it says government's job to help businesses to succeed. >> i have called but i administration to help the judge offers speed up innovation and cut through red tape being get the business off the ground faster. john: they have done the opposite with 1,000 the new rules every weekend those are obstacles.

markey been set under today's rules he could not have built the businesses he once did. >> now there is so much paperwork and regulation that you have to sign up for the of a better chance of getting in trouble than being successful. john: my president says we will help people get loans. they will pick and choose? >> i don't know if they want to be our partner it is not a partner that i think of a wide think of is payroll and working over the weekend. some of it shows up in april that once a dividend check is not a partner. >> income inequality is big but that is the front to the american dream. >> no one cares if bill gates becomes a gazillion there if their life purves but median household income is down by 10 percent over the last 10 years the threat

to the american dream is people are not making the money they have been the past the fact few people get rich has nothing to do with it but how they get rich. they get rich by creating new companies that benefit everybody. nobody cares but the quality issue is a red herring. john: tell me about this. >> that death charts is used to assess what type of industry i might like to invest in next with the statistical analysis how many have started with a certain industries and how many have failed. those are the ones you want to stay away from. john: social media? that is booming. >> category killer. there were thousands that responded but most have been wiped out. john: linkedin had a column

10 reasons to quit your job that went viral. everyone is an entrepreneur abundance will never come from your job. eat this says the tree miss alive. >> i think so it is so much better than working at your job. having said that it is not for everyone there is a lot of stress and risked. >> most people are not entrepreneurs. john: ice here it pronounced it to different ways to iraqi knows his machine will making $1 trillion was certainty they have complete faith in their projects. john: they are diluted? >> 10% will make our lives better. 90 percent lose their shirts

most people do not have the faith of themselves that is why most of us ought to be working for those of entrepreneur is to do have the confidence. >> agrees saying that many young much for doors did not know what they could not do. john: amazon will now pay employees $5,000 to quit? >> i have done that after 90 days. if they don't have our core values were motivated. >> the sec lead then they are cancer and will affect others. we are growing businesses very quickly we cannot run fast with the bad real so we offer the leave bonus after 90 days. john: keep the conversation going with #risky business. let people know what you think.

coming up more risky business like a bar where the price of cruz fluctuates like the stock market. john: but next look at these delicious desserts that was made by the 12 year-old and her mom's kitchen but when she sold them the government demanded that she stop. she is here next. latte or au lait?

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further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system. only from xfinity. tv and internet together like never before. . john: lemonade for sale! lemonade for sale! that's me making a fool of myself outside this studio. i tried to sell lemonade legally. but i couldn't do it. fox lawyers let me do this only if i gave people their money back. and didn't let anyone drink the lemonade to. sell lemonade legally would have taken months of paperwork. you must complete a 15 hour food protection course, register for food safety exam. pass it and register for sales tax certificate. apply for temporary food establishment firm, arrange to be inspected by the health department. that takes three weeks to get an appointment. buy a fire extinguisher

certified by the government, and get a contract for waste disposal and more. i gave up! but i'm optimistic about the future because there are young americans who don't give up. a lot of fight, the entrepreneurship killing bureaucrats. chloe stirling is one of these people, she's 12, and joins us with her mom, heather. chloe, you took a baking class, and what happened? >> two years ago i took a baking class and after that first class, i decided they really liked to do it, and so when all my friends saw the pictures of them, they decided they wanted me to bake cakes and cupcakes for birthdays and stuff. john: and started paying you for them? >> yes. john: and heather it just grew? >> it just grew. she found herself in business based on popular demand. john: and she's always liked doing this, at eight years old. what happened? >> eight years old, the ipads came out and she came to me and

her dad and said she wanted one, we said no. she decided she was going to earn it and started a pet sitting business and ended up buying an ipad. john: at the time they cost 600 bucks, a lot of pet sitting. >> she did it. john: then the cupcakes, you sold how many? >> i was selling probably a dozen a week. >> she had orders every weekend booked a month and a half out. >> how much money? >> i really don't know. i just knew i was putting all the money in my savings account. john: how much money? >> she doesn't even take money out of savings account. john: roughly, $10,000? >> no! [ laughter ]. >> no, she probably made 50 bucks a week, maybe. john: the local paper did a feature story on you, and immediately after that, an e-mail came from the health department saying to you, to

mom -- >> said please call us about your daughter, and when i called they said she is not to bake anymore, do not let another cupcake leave that house. john: do not let another cupcake leave the house. >> yes. john: we asked the illinois department of health about this. why would they shut chloe down. what they said was in a statement, without standard sanitation training, clear labeling of ingredients that could cause potentially fatal allergic reactions, we could not ensure the safety of foods. so what about that, chloe? they're just protecting me from you poisoning me. >> um, i thought that it was kind of odd that they wouldn't let an 11-year-old bake out of her home and sell it to friends and family. john: but you're making money? >> yeah, i was making money, but still i was only 11. i wasn't making like a lot of money. john: she might have poisoned

somebody. >> she's never sold a cupcake to anybody that was not 100% aware they're buying a cupcake from a child, that was prepared in her kitchen. everyone that ever ordered anything from her came to her. she's never advertised. she's never had to go look for business, they have come to her willingly and never made anyone sick, either. john: what's happening now, you're going to give up? >> we're not giving up. we're in the process of trying to change the law so me and other people like me can bake out of their home. john: and you've made progress. a state representative has gotten the legislature to vote to change the law. >> yeah, we've gotten 100% of the votes towards us on the committee and the house. john: and also people are donating commercial kitchen equipment to you? >> yeah, the health department, part of the big issue was there are no options for her. there wasn't an avenue for her

to take. if she wanted to bake, we had to buy a bakery or add additional kitchen to our home. john: and they say this with a straight face, buy a bakery or build another kitchen. >> yes. >> she's been supported all over the country. john: people volunteered to do carpentry work for you? >> one company that is leading the way for building chloe's kitchen. john: this is what it takes to be an entrepreneur in america today. thank you, chloe and heather. good luck to you. >> thank you. >> thank you. john: coming up, another entrepreneur fighting the bureaucrats and so far he's winning! he's defeated these. 750 pages of regulations. some more good news, next. [ male announcer ] whether it takes 200,000 parts,

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tell your doctor about any history of mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these, stop chantix and see your doctor right away as some could be life threatening. tell your doctor if you have a history of heart or blood vessel problems, or if you develop new worse symptoms. get medical help right away if you have symptoms of a heart attack or stroke. use caution when driving or operating machinery. common side effects include nausea, trouble sleeping and unusual dreams. i did not know what it was like to be a non-smoker. but i do now. ask your doctor if chantix is right for you. . john: you've heard the expression, you can't fight city hall. people say it for a reason.

the bureaucrats have all the time and money in the world. they don't care if you lose your investment or how much time it takes you. that's why they usually win. they pretty much defeated the little girl we met in the last segment, but occasionally an entrepreneur has the resources and will to fight back and win. greg garrett did that, he raises oysters on his land or off his land in virginia. you brought me some. thank you. >> the oysters taste fantastic, we're serving them up in new york, shipping them to california. country. we have great oyster grounds, we're able to secure the prime oyster grounds at the mouth of the new york river at chesapeake bay, and the county ought to be proud of our oysters, proud they are shipped all over the country. john: they taste good. i approve. ten different government permits were required and you

got them, but the authorities said it's not enough? you misinterpreted our 700-page code of ordinances, you have to get another permit which we won't give you. so you have to shut down. >> three years into the oyster farm, the county said you are violating our zoning ordinance. john: you went to circuit court, the county, you won there, but the county took it to the supreme court where, you lost. >> right. john: and you tell us. >> at the supreme court, again, deciding on a very technical issue about land use, which i won't go into. so we lost. the state legislature said this is not right. wherever you can grow buffalo and goats and cows and hippopotamuses, you ought to be able to grow oysters. the state legislator voted 128-5 to approve this. john: a rare act because you are good at getting good publicity like this, and the politicians paid attention but

can't do that for every entrepreneur. >> no, they cannot. john: they made a good reference that your land was okayed for livestock. >> yes. john: you could have raised pigs and buffalo would have been legal? >> perfectly legal by the county standards. john: oysters, no, and the county supervisor didn't respond to our calls. aqua culture is not a traditional farming activity. processing and storage can have the significant negative impact on surrounding neighbors due to odors, noise and traffic. >> what is a pig farm going to have? i'm zoned for a pig farm. does that have potential eshth on the neighbors? in our case, the oysters are silent, there is no noise. the biggest piece of equipment is a 7 horsepower power washer. john: there are 700 plus pages of rule. somewhere crazy, you can't tie an oyster boat to the dock?

>> that's one of the things, the supreme court ruled we could not tight boat to the dock. we have to put pvc pipes a foot away from the dock and the guys from the oyster farm have to jump from the boat to the dock because they can't conduct the operation on the dock or on the land because the county's claimed zoning jurisdiction over the land and the dock. but the boat's fine because it's out of the jurisdiction. john: and when you get this many rules, it really means any bureaucrat can cite you for just about anything any time. >> it's like living in hazard county and i'm one of the duke brothers. i've come against these people. i have not obeyed them, and two are retired colonels, and they can't be wrong. they have made the rules and changed rules along the way. john: they're not giving up, have you one in the legislature. >> no, no. 128-5 is the victory at the state level. the governor signed it. i just got served with another lawsuit.

john: how much has this cost you in legal fees? >> thousands and thousands and thousands of dollars. the legal fees, most weeks or many weeks, the legal fees are greater than the entire gross revenue of the oyster farm. if i was in the real estate business, i could never fight this. john: why not say okay, give up. >> i'm not going to give up. my family has been in the county since 1620 and eating oysters since 1620. we're not going to give up. i'm going stay here until the board of supervisors surrendered. this is yorktown, virginia, freedom was won for america. john: thank you, greg garrett, america needs people like you who won't give up. coming up, one entrepreneur says you should maybe quit your job, start a business, do cool [ bleep ] and live happily ever after!

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. john: i'm a coward. my parents told me, you work hard in high school, go to a good college, go to grad school, then get a job and you won't freeze in the dark. made sense to me. so i worked hard in high school, went to college, applied to grad schools, then i was fortunate to stumble across a job in television! people also say it's good for your personal development to change your job every seven years or so, but i basically have held onto the same job for more than 40 years. start a business? wasn't my thing, it seems. too risky. maybe i'm not good at predicting what businesses will succeed. when ted turner started cnn, i said no way that will work. 24 hours of news. no one can make a profit on that. oops! then when my bosses started the other news channel, fox, i thought no ways two channels

can be profitable. wrong again. that's why i work for them. and now i realize that my mind-set, graduate college, get a job at an established company is short-sighted. plenty of people who take that route are deep in debt. people who run their own businesses tend to be happier. it's a reason miki agrawal wrote a book called "do cool [ bleep ]." miki went to ivy league school and worked at prestigious bank and quit, why? >> i had an ah-ha moment when i worked at deutsche banc. then 9/11 happened, and i had the first ah-ha moment, pursue my dreams, the mystery of life, you never know when it was going to end. john: deutsche banc was in the world trade center? >> right across. on my stop to world trade.

john: suddenly several businesses, pizza restaurant? >> came out of a stomach make. so the first business is born out of a stomach ache, we -- i created a restaurant concept called -- it was called slice, now called wild, and a farm to table, gluten-free alternative pizza place. john: successful? >> yeah, two in new york, one in downtown vegas, and they're doing well, more to come. john: also sesame street for vegetables? >> the supersprouts is born out of a menu out of the restaurant. my twin sister is an artist and creative and designed a menu to get kids excited about eating vegetables. kids only had plain cheese pizza, no greens on the pizzas. based on the nutritional benefit of the character. kids looked at that. i want to be like brian

broccoli and ordered broccoli on the pizzas. it was a direct translation. we founded a company called supersprouts, like sesame street focusing on nutrition and education. john: and making money? >> we have 14 products at the marketplace. we are at whole foods and wegmans, et cetera, coming along. john: entrepreneurship brings people promoting vegetables to kids. she got the first laeftd united states to dance with her giant vegetables. >> oh, my gosh! michelle obama! [ applause ] . john: how did you get her to do this? >> michelle is all about the let's move initiative at the white house. finally she realized that our business is not going to fail, and it's been around over three years, so now they're welcoming our company at the white house.

which is awesome. john: your third business, thinks underwear. >> building businesses and running in the city, kept having monthly accidents when we have our periods. and so, again, in this day in age of innovation, how is it possible we're having accidents in underwear, having to interrupt our day and having to run home and change. happens to every single girl all the time. john: i didn't know. that i don't think we've managed to post about that. >> all men are sitting here because of that normal time of the month. without that, you wouldn't be here. we invented a technology in women's underwear called think. it allows in the underwear week have the technology that makes it leak and stain resistant, anti-microbial and supports women for every day of the month. john: whole group of entrepreneurs moves onto the idea, not enough to get rich, you want to save the world. >> i think we live in a really,

really noisy world today. we're getting advertised in every way. on the news feed in facebook, how do you get people excited about business? for us, it allows people to continue to be excited is having a mission, attached to the business and for me as an entrepreneur, hustling every day working so hard and knowing not only am i creating a product that supports me but girls around the world. john: that's the mission. >> the mission is the developing world over 100 million girls a week are missing school because of periods and using leaves and mud and plastic bags to manage and partnered up an organization that provides reusable washable cloth pads for girls in underdeveloping worlds. john: you have a book called "do cool [ bleep ]" why

do we need this? >> 56% of kids out of college are unemployed or underemployed. when i was coming out of college and graduating from cornelle. i was fraught with student loan debt. entrepreneurship wasn't an option. i went to investment banking, i was miserable, it didn't make me happy. the idea that entrepreneurship is a viable and vibrant option today is exciting. for a young graduate today, kickstarter, go-go, and now companies are funding kids in college. john: it's easier. >> much easier. john: my previous guests say the american dream is gone. >> i regrettably disagree with that. very much disagree with that. all of my friends in 20s and 30s today are starting businesses, creating value for the world. one of my best friends started a company called change hero.

john: people your age are doing all this. i was stunned to read this chart from the kauffman foundation. most small businesses are started by older people. people over 55. >> yeah, historically, the older generation would be able to create businesses earlier or first because they have money, they've built their careers, they have establishments to manage -- have resources to actually start something. whereas today with things like kickstarter, indy go go, investors taking more risks, the landscape has completely changeed. >> good, i hope you're right, thank you, miki. coming up, my flailing attempt to starting businesses. and did you know i actually started facebook? really! more cool but risky businesses. >> what do you think is the most exciting thing about this bar? >> the price is going up and down. >> you can play it like the stock market. show me the carfax®

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. john: one business is clearly risky is the restaurant business. a third of new restaurants fail within a year. by year three, most fail. so entrepreneurs are always looking for something that will give them an edge, make them

different, special. so how about this idea? a bar where the price of drinks changes based on supply and demand, like the stock market. >> the exchange bar & grill tried this idea and it worked. business grew. since i heard australians are big drinkers, i asked reason tv's naomi brockwell to check it out. >> what do you think is the most exciting thing about the bar? >> the prices going up and down. john: the bar has a ticker that shows the price of popular drinks. mystery beer, rum, whiskey and so on. tv screens summarize the prices, they change every five minutes based on supply and demand when. more people buy a drink, the price goes up. >> anything in red the prices go down, that means they haven't been ordered. >> i should be buying a whole thing of this? >> yes. >> you can play it like the

stock market. >> let's say you order bud lights three, four times in a row. if nobody is buying angry orchard, you might be able to buy it at $3. >> if you're smart about it, you can play the market and go out for drinks cheap. john: if prices stay high and drinkers stop buying, bartenders create buying opportunity. >> i'm going to cause a market crash -- . >> ring the bell, the market goes crazy. everything dropped. we have everything from $3, $4 house drinks, $2shots. you can get a good drink if you catch it at the right time. >> very exciting, people realize prices are way low, they try to get an extra drink or two. >> if the bartender likes you, they might give you insider trading. john: what does she mean? >> you make friends with the bartenders, when you are about to leave, don't leave yet, in

20 minutes we're dropping the prices to $2 a beer. then everyone stays. if it's in your best interest to be a very nice patron. john: everyone seems to have a gimmick that will work, this seems to work? >> it's a great place to know if you're not that discerning about the type of drink you want. john: one girl you talked with talked about gaming the men. >> i asked how much was that drink that you purchased. and looked at me funny and at the men opposite her, she said i'm not checking the prices. she's found a better way of gaming the system. >> the best gauge to start a business is how much economic freedom you have. there are rankings of countries, in your home country has passed the united states. >> it has. john: we used to be number 2, now 12. australia is number 3. how are things freer? >> well, i mean, i think that the australian government has really recognized that if you

want to drive the economy, that you're going to have to encourage people to start businesses so they can create jobs. so they do a really good job at getting out of the way, allowing people the freedom to experiment. not giving them a bunch of paperwork to fill out before they're allowed to try something new. that is lacking in new york in america. john: in new york, you tried to -- >> i'm ceo of my own production company as well as working for the moving picture institute. i did start a business and it is very difficult. a lot more difficult than in australia. there's just a lot of hurtles. >> hurtles of paperwork. >> yeah. john: thank you naomi brockwell. >> thank you very much. john: coming up, i'll explain how i created facebook. you thought it was zuckerberg? huh-uh! it was me!

when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.

. john: did you know that i started facebook? really! when i was in college, i worked on the school newspaper. a few years before, the paper's editors published this snarky book filled with sexist stereotypes. princeton was all-male so we date the girls from schools like wellesley, bryn mawr, and it was fun to read generalizations about the schools. where the girls are made money. i came up with the version of

adding pictures. at the time every school gave away a booklet with every student's picture, i had to go to the schools and get administrators's permission to use the pictures. and for some reason they gave it to me. we then published "who the girls are." it was little more than short, obnoxious generalizations about certain girl schools followed by pages and pages of freshman pictures. now you may not know this, but that's pretty much how facebook started with pictures of college women posted online, so sexist college boys could see who appealed to them. >> we're ranking girls. >> you mean other students. >> yes. >> people want to go on the internet and check out friends. that's what the facebook is going to be about. john: and facebook is worth about $150 billion. unfortunately, when i started my facebook, the internet hadn't been invented yet, so there was no instant feedback

and my idea went nowhere. the book didn't even sell well. we lost money on it. oh, well. since then, i've failed again, failed at several other businesses. >> copy of give me a break. >> i'm told it's a wonderful book. john: okay, most were stunts for tv like this stossel store in delaware where i tried to sell my books and fox stuff. >> you want my fox t-shirt? >> not right now. >> the stossel store failed so did stossel enterprises in hong kong, and so did my new york city lemonade stand, but this ability to at least try to succeed is a reason america has been successful. in america, it's okay to fail and fail and try again. in most of europe and much of the world, the attitude is, you failed? you had your shot, you didn't succeed, now go work for someone else. this limits the possibilities and some of america's biggest successes came from people who

failed often. >> by reason of experiments with the telephone. john: thomas edison had more than a thousand patents. we know about his successes like the lightbulb, but few people know edison failed much more often. he was fired by the telegraph office and lost money in the cement company and iron business. henry ford's first company failed completely. dr. seuss' first book was rejected by 27 publishers. oprah was fired from her first job as a reporter. a tv station called her unfit for tv. so the moral to the story, go ahead and try something. it often brings money and happiness. happiness, researchers say, people who work for themselves tend to be happier than the rest of us. they work longer but they're happier. now all business is risky. your first attempt probably will fail, but that adventure and ability to try something and try again is what gives

people the power to prosper. that's our show. see you next week. see you next week. see you next week. [dave gentry] hello i'm dave gentry! welcome to small stocks and big money. [intro music] [intro music] [intro music] [dave gentry] for all of our new viewers, its nice to meet you and for those of you who are already members of the redchip nation, thank you for being part of the fastest growing community of small cap investors in the world. whether you're watching in seattle, new york, las vegas, rome or somewhere in croatia or austria, portugal, norway; welcome to the nation.