ogrel. for 24 hour support, automatic refills, and free home delivery, enroll at purplepill.com. it's the nexium you know, now delivered. . >> is the american dream >> is the american dream dead? >> is the american dream dead? >> only one out of four americans still belief in the american dream. >> why is that? >> lemonades for sale. $0.50. >> maybe because there are so many rules it is impossible for me to sell lemonade legally. >> despite the obstacles people keep creating from silly things like a market crisis. a new food>> 2 million in sales. >> all sorts of grand ideas. >> the most patriotic thing you

can do with americans would be filthy, fellthy rich. >> old time rock and roll. >> there's a time for risky business. >> now, john stossel. >> risky business for 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. actually all business is risky because most fail. that process of trying and failing and maybe failing again and sometimes succeeding is what made america prosperous. many people call it the american dream. but now i am told the american dream is dead. >> you can't just make it if you

try. the american dream is did he do. really? o i assume that's a victim mentality. conservative economists say the american dream is dead. >> john it is not dead it is under a spell like sleeping beauty. we can get it back but people are not perceiving int paren new -- ent entrepreneur ship the way it effects their lives the way they did in the past. >> i am. i see it all around. maybe i am biased because i work at fox business. i see all kinds of people new ideas. >> you are buying because you have a job. the smaller expanded companies have half of the numbers of jobs they did during the financial cris crisis. the united states government has done everything possible to make it hard for people to matake a w

idea. >> they keep passing more rules? >> absolutely. before the show i had lunch with the former chairman of one of the largest home furnishing chains told him i would be on the show he said just tell them shut down washington. that's all you need to do. >> you also say globalization makes it easier. >> you get customers all over the world. >> globalization increases so you need to hire the people overseas and the marketing people the government relations people, the translators. >> you are dealing with a lot of countries particularly in the development sector which is where a lot of the growth is coming from dealing with government is an art not a science. >> interviewed 1 billionaire who is a good example of someone chwho achieved the american dream. >> mark cubin had no money and no job prospects so he created several companies.

>> i work tomorrow night every night. the most patriotic thing you can do in america is be fellthy rich. you can creating jobs and communities. >> he started comp you serve, e net and broadcast.com selled it to yahoo for 6 million doll dollars. >> 500,000 for 45 percent of the company. >> it is exciting his show is a hit. they probably stole the idea from the old tbs show. >> looking for money to grow. we call it money hungry. >> what will make it? >> i want to reposition your entire company already. >> every time you think this guy has gone over the rainbow he keeps sucking you back in. >> the speaker there was entrepreneur miles spencer. here he is almost 20-years

later. now you don't just give him advice you are investing in the company. >> that is correct. most importantly it is the mentor ship and advice and team leadersh leadership. >> what about the dream is dead? >> i don't think the dream is dead. companies are built on this. every time when.com failed a few years ago there was a google that emerged. >> for one business featured on miles old show was pirate brands. they make pirate bootie. and apparently you helped them. >> a couple to go he came on the show doing 2 million in sales he walks back in here 17 headed to 25. >> that turned out to be one of the program he is big successes.

>> really a scientist who could create very tasty treats but needed team building and leadership and mentor ship that allowed business to grow. >> if it is tasty i am not going a commercial for it. wouldn't it succeed if it pastes better? oo as said a global economy it competes across so many categories. they have great marketing and great product. >> any other successes you found? we did invest in them. we put them on as an expert deutsch back took them public in 2000. failures? >>tons of them as a matter of fact. there was one enter paren newer we rowrote a check about six figures on the shelf.

the money was gone before the commercial break. >> there is a.com bubble there are a lot out there to try to rangel a check out of predators. it takes a lot more to build a business than a 20-year touch. >> as i feel as we talk about this there's an excitement there i feel it on fox business a building an entrepreneur taking the risk trying something builds atren lynn. >> i absolutely thrive upon the adrenali adrenaline. >> part of that is when you invest you will fail. >> 80 percent fail in the first year 10 percent in the security and five in the third. you have five companies left standing out of 100 after three years. >> the five have to be profitable enough after the 45 failures. >> and then some. i mentioned one of my hits. that would pay for 10, 15, 25 failures.

>> i am also an interpreter. i work for a two-year-old start up investment bank. i love entrepreneur ship. the question is are ordinary americans betting t getting the benefits in the way they did in the past. in the reagan administration most jobs were started with startups. in the obama administration it is half of the jobs most of the jobs are coming from big companies. the kind of confidence that ordinary americans have that entrepreneur ship would improve their lives has been lost. >> where did you have more fun this new company or -- >> he seemed schizophrenic about business. 2011 he said this. >> america has always been a nation of doers. we build things. we take risks. we believe if you have a good idea and are willing to work hard enough you can turn that idea into a successful business. >> then two years later he said

this. >> if you have been successful you didn't get there on your own. you didn't build that? >> what's that about? two years later? >> there is a kernel of truth. all of the technology that transformed the american economy the 1980s and 1990s have some government participation. >> in the 60s or failed it's the free market that does that. they set to work for a large company. >> now the president says it's government's jobs to help businesses succeed. >> i called on my entire administration to help entrepreneurs get loans cut through red tape, speed up innovation and get the businesses off the ground faster. >> they have done the opposite. they passed a thousand new rules every week. all of those rules are obstacles to entrepreneur ship.

i interviewed marc cuban. under today's rules he could not have built the businesses he once built. >> a lot of these things there's so much paperwork ufrgs you have to sign up for you have more opportunity to get in trouble than be successful>> this upsets me when my president says we are going to help people get loans like they are going to pick and choose? >> it isn't the partner i think of and they are sweating payroll or working late hours over the weekend or developing products. someone swho shows up in april on one day and wants a dividend check isn't a partner. >> the left says income and equality which is big in america. that is a threat to the american dream. >> no one cares bill gates becomes the millionaire. median household income is down 10 percent in the last ten

years. the american dream is that people are not making the kind of money they have in the past and doo the kind of opportunities. the fact that a few people get rich isn't how they do that. people get rich by creating new companies and new product which benefits everybody. nobody cares that's the treatment. >> research has a death chart? tell me about that. >> co nation logicoccasionally h chart to see what kind of industry i might like to invest in next. it is a statistical analysis in certain industries and how many failed in certain industries. those are the ones you want to stay away from. >> social median is booming. thousands of other media businesses responded in competition to that for the most part many wiped out, gone.

>> linked in had a column. you have to quit your job which went viral. everyone is an entrepreneur. abundance will never come from your job. this says the dream is alive go do it. i certainly think so. being an entrepreneur and creating businesses is so much better than working at your job. having said that it's not for everyone. it's a lot of stretch a lot of emptiness. >> most people are not interpreters. interpreter -- wi >> we pronounce it. >> tomato, potato. >> absolutely. they know it is perpetual motion machine is going to make him a trillion dollars with absolute certainty they have complete faith in their project. >> entrepreneurs are deluded. >> 90 percent will lose their shirts and 10 percent will make our lives better.

most people don't have the faith in themselves to be entrepreneurs that's why most of us ought to be working to have the confidence. >> there is a saying many great entrepreneurs didn't know what they could do. >> final thought amazon will pay tl employees 5,000 dollars to quit? >> after 90-days if someone doesn't espouse our core values then it is going to become cancer they are going to effect others within the organization. we are growing businesses very quickly. we can't run fast on a bad wheel. we offer people a leave bonus after 90-days. >> thank you. keep the conversation going on facebook or twitter use the hash tag risky business. let people know what you think.

coming up more risky business like a bar where the price of booze fluctuates like the stock market. >> the market crashed. market >> but next look at these delicious desserts. they were made by this 12-year-old in her mom's kitchen. when she tosold some government demanded she stop. she is here to explain. next. scott: appears buster's been busy. man: yeah, scott. i was just about to use the uh... scott: that's a bunch of ground-up paper, lad! scotts ez seed uses the finest seed, fertilizer, and natural mulch that holds water so you can grow grass anywhere! seed your lawn. seed it! stick with innovation. stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now.

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. jo: >> lemonade for sale. lemonade tofor sale. catch me making a fool of myself outside of the studio. i tried to selim nayed legally but i couldn't do it. fox lawyers let me do this only if i gave their money back and didn't let any one drink lemonade. to sell lemonade eely would have taken months of paperwork. you must complete a 15 hour food protection course, register for a food safety exam, pass it then register for a sales tax certificate apply for a temporary food establishment permit arrange to be inspected by the health department that takes three weeks just to get an appointment have to buy a fire

extinguisher certified by the government get a contract for waste disposal and more. i gave up. i am optimistic for the future because there are young americans would fight the entrepreneur shiep bureaucrats. chloe sterling is one of those people she is 12 she joins us with her mom. what did you do? you took a baking class and then what happened? >> well about two years ago i took a baking class after that first class i decided that i really liked to do it so when all of my friends saw the pictures they decided they wanted me to bake their cakes and cupcakes for their birthdays and stuff. >> they started paying you for them? >> yeah. >> it just grew. >> it just grew. she found herself in business based on popular demand. >> she is always liked doing this. at 8 years old what happened? >> 8 years old the i pads came out and she came to me and her

dad and said she p wanted one. we said no. she started her own pet sitting business to earn it. she pet sat all summer long and ended up buying herself an ipad. >> at the time it cost her 600 bucks. >> took her a few months but she got it. >> the cupcakes grew and you were selling how many? >> i was selling probably a dozen a week. >> she had orders every weekend for booked a month and a half ho out. >> how much money? >> i really don't know. i just knew i was putting all of my money in my savings account. >> how much money? >> she doesn't even matake mone out of the savings account. >> 10,000 dollars? >> no. >> she probably made, you know, 50 bucks a week maybe. >> the local paper did a feature story on you. immediately after that an e-mail came from the health department saying to you, to mom.

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

money. >> she is never sold a cupcake to any one who was not 100 percent aware they were buying cupcakes from a child that was prepared in her kitchen. everyone that ever ordered anything from her came to her she is never advertised she is never looked for business they have come to her willingly and she is never made any one sick, either. >> what's happening now? you are going to give up? >> no, we are not giving up. we are in the process of trying to change the law so me and other people like me can bake out of their homes. >> you made progress. the state representative has gotten the legislature to vote to change the law. >> yeah, we have gotten 100 percent of the votes towards us on the committee and the house. >> and also people are donating commercial kitchen equipment to you? >> yeah, the health department, part of the big issue here was there were no options for her. there wasn't an avenue for her to take. if she wanted to bake again they

told us we had to buy a bakery or add a kitchen on to our home. >> they say it with a straight face? lucky for us she has been supported by people all over the country. >> people volunteer to do carpentry work for you? >> yes. we have one company in particular that is leading the way for building chloe's kitchen. >> this is what it takes to be an enthe paren newer in america today. thank you chloe. heather, good luck to you. >> another entrepreneur is fighting the muir kratz. he de neated these 750 pages of regulations. other good news next. (meow mix jingle) right on cue. it's more than just a meal, it's meow mix mealtime.

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. john: you've heard the expression, you can't f >> you have heard the expression

you can't fight city hall. people say it for a reason. 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 an entrepreneur has the resources and will to fight back and win. greg garrett is that. he raises oysters on his land or just off his land in virginia. you brought me some. thank you. >> the oysters taste fantastic. we are shipping them up here all over the country. we have great oyster grounds. they secure the prime police officers on the chesapeake bay. the county ought to be proud of our oysters. they ought to be proud they are being shipped all over the country. >> they taste good. i approve. 10 different government permits

were required and you got them. authorities say it's not enough. you misinterpreted our 700 page code of ordinances which we bette give you so you ha-- both so you have to be shut down. >> we have all of the permits in the state you are violating our zoning ordinance we are not going to let you continue. >> the county took it to the supreme court where you lost. then you tell it. >> the supreme court they were deciding on a technical issue about land use which i won't go into. we lost. the 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 legislature was attacked. >> partly because you are good on getting publicity like this and politicians paid attention

but they can't do that for every entrepreneur. >> your land was okayed for livestock. you could have raised pigs and buffalo? >> perfectly legal by the county standards. >> the county supervisor didn't respond to our calls we found something they wrote. aqua culture is not a traditional farming activity. processing and storage can have a significant impact on neighbors owdors noise and traffic. >> i am zoned for a pig farm. in our case the oysters are silent there's no smell there's no noise. the biggest piece of equipment they have is a 7 horse power power washer. my lawn mower has a 15 horse power motor. >> there are 700 pages plus of rules. some are crazy. you can't tie up the poiouster t

to the dock. >> they say we cannot tie the boat to the dock. so we have to put a pvc types a foot away from the dock and the guys oust ter farmers have to jump from the boat to the dock and back and forth because they can't conduct the oyster operation on the dock or the land because the county claimed zoning durs jijurisdiction over land and the dock but the boat is fine because it is out of their jurisdiction. >> when you get this many rules it means any bureaucrat can site you for just about anything any time. >> it is like living in hazard county and i am one of the duke brothers. i have come against these people i have not obeyed them two are retired kernels and they can't be wrong. >> and they are not giving up. >> they have 128 to 5 is the victory we had at the state level. the governor signed it. >> they got served with another

lawsuit. >> how much did this cost you in legal fees? >> thousands and thousands of dollars. the feel fees actually many weeks or most weeks the legal fees are greater than the entire gross revenue of the oyster farm. when i went into the real estate business i could november fight this. >> why don't you say okay i give up? >> i am not going to give up. my family has been in the county since the county. 16 generations i am not going to give up. this is where wallace surrendered. freedom was one for america. >> thank you greg garrett. america needs people like you who won't give up. >> one entrepreneur says you should quit your job start the business. you should live (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 >> my parents told me go to college and grad school get a good job and you won't freeze in the dark. made sense to me. i worked hard in high school went to college applied to grad schools and 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 search years or so but i basically held on to the same job for more than 40 years start a business? wasn't my thing it seems. too press crisky. maybe i am 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? when my bosses started another news channel fox, i thought no

way two channels can be profitable. that's why i work for them. my mind said graduate college get a job in an established company is just short sighted. plenty people are deep in debt. people who run their own businesses tend to be happier. it's the reason a book was written called "do cool." he went to an ivy league school went to a bank and thu ben you quit. >> i was working at deutsch bank. the 9-11 happened i was pos supposed to be there. i slept through my alarm clock. that's when i had the uh-huh moment i need to pursue my dreams. you never know when it is going to end. >> it was right across from the world trade center. >> so suddenly you start what

several businesses? a wild pizza restaurant? >> it came out of a stomach make. the mother of invention so the first business was born out of a stomach ache. i created a concept called slight now it is called wild. it is gluten free alternative pizza place. >> successful? >> i have two in new york one in downtown las vegas they are doing well. more to come. >> also sesame street for vegetabl vegetables? >> it was born out of a menu at a restaurant. she designed a menu to get kids excited about eating vegetables because kids had plain cheese pizzas no green stuff on the pizzas. she through the vegetable characters and superheroes based on mutual benefit of each character. keith looked at that and said i want to be like brian broccoli.

they ordered it on their pizza. we founded a company called super sprout which is like sesame street focusing on wellness education. >> we are at whole foods, et cetera, et cetera. >> it brings out the inventiveness in people for her business promoting vegetables to kids. she somehow got the first lady of the united states to dance with her giant vegetables. >> oh my gosh. michelle. o oh. (applause) >> how did you get her to do this? >> she is all about the left move initiatives. finally she realized that our business is not going to fail. it will has been around almost three years. now they are welcoming our

company at the white house. >> your third business thinks underwear. >> we have accidents in the months of our period. this innovation, how is it possible we are still having accidents in our underwear having to interrupt our day and run home and change. it happens to every single girl all of the time. >> i didn't know that. i don't think men are supposed to know about this. >> well all men are sitting here because of that normal time of the month so without that you would not be here. we invented a company a technology in women's underwear and it allows in the underwear we have the technology that makes it leak, stain resistant and it supports every woman every day of the months. >> it is not enough for us to get rich you want to save the world. >> we live in a noisy world

today. we are getting advertised in every company and every way. it is in our news feed on facebook and how do you get people excited for a business. you have a mission attached to the business. hustling every day working so hard knowing not only it sports me but girls around the world. it is great. the mission is the developing world over 100 girls are missing a week of school because of their periods and using unimaginable things like leaves mud, plastic bags and we started up an organization in uganda that has washable reusable cloth bags for every pair of under ground we have 7 reusable cloth pads that goes to girls in developing world. >> you have this bodo cool

(bleep). why do we need this? >> kids come out of college today they are under employed. when i was coming out of college and graduating from cornell i was fraught with student loan debt. it wasn't an option for me i invested in banking because it had a strong paycheck. i was miserable. didn't make me happy. the idea that they are a viable options, things lick kick starter and go go things like that also now companies are funding kids who are in college. it is easier. >> much easier. >> my previous guests say the american dream is gone. >> i disagree with that. i disagree with that. all of my friends in 20's and 30's today are starting business all creating value for the world. one of my best friends taylor started a company that helps

schools around the world. >> my impression people to your age doing this, most small businesses are started by older people, people over 55. >> the older generation would create businesses earlier or first because the money they already build their careers they have establishment. they will start something. today things like quick starter they are taking risk for people. >> thank you mickey. coming up may flailing attempt to starting businesses. did you know that i actually started facebook? really. plus more cool but risky business. >> what do you think is the most exciting thing about the box? >> you can play it like the stock market. stick with innovation.

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give them an edge make them different, special. how about this idea? a bar where the price of drinks changes based on supply and demand like the stock market. >> the exchange bar and grill tried this idea and it worked. businesses grew. since i heard australians are big rink lg drinkers i asked naomi to check it out. >> what do you think the most exciting thing about this bar? >> the prices going up and down. >> it shows the price of popular drinks. but mystery beer. rum, whiskey, so on. tv screens summarize the current price. they change every five minutes based on supply and demand. when more people buy a drink the price goes up. on a slow night prices get cheaper. >> anything in red the price has gone down that means they haven't been ordered. >> i should be buying all of these now? >> yes.

>> it is what a lot of our draw is. what if you order bud lights if nobody is ordering angry orchard you might be able to buy it at $3. >> if you are smart about it you can play the market and go out for drinks pretty cheap. >> p prices stay high and drinkers stop buying they may create a buying opportunity. >> a market crash. >> $2 shots. you can get a good deal on drinks if you catch them at the right time. >> they try to get an extra drink or two. >> sometimes the bartender likes you they might give you insider trading. >> what does she mean? >> you make friends with the bar denneder and when you are about

to leave in 20 minutes they are dropping off $2 a beer. everyone stays in your best interest to be nice patrons. >> everybody thinks they have a gimmick that will work. this one seems to be working? >> yeah, it was a fun place to visit. it is a great place to go if you are not that discerning about the drinks that you want. >> one talked about gaining the men. >> i asked her how much was that drink you just purchased? she looked at me funny. she said i am not checking the prices is. she checked out a better way to get to the system. >> the best gauge of how easy it is to start a business is how much he can am noic freedom you have. your country passed in the united states we used to be number two now they are number 12. australia is number three. how are things freer?

>> the australian government recognized if you want to drive the economy you have to encourage people to start businesses so they can create jobs. they do a good job at getting out of the way allowing the freedom of experiment. that's what is stocking i am moving from moving picture uns tut. it is very difficult. lay lot -- >> thank you naomi. >> coming up tell you you i rye crated sgluperburg. hey. i'm ted and this is rudy.

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version of the book but adding pictures. tef at the time every school gave away a booklet with the children's pictures. i had to get mer tigpermission use the pictures. we published who the girls are. it was little more than short obnoxious about certain girls schools followed by pages and pages of freshman pictures. you may not know this but that's how facebook started with pictures of college women posted on-line so sexist college boys could see who appealed to them. >> people want to go on the internet check out facebook what they are going to be about. >> facebook is worth $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 failed again. failed at several other businesses. >> give me a break. >> i am told it is a wonderful book. >> most were stunts for tv like this stossel store in delaware where i tried to sell books and fox stuff. >> want to buy fox t-shirts? >> the stossel store failed so did stossel enterprises in hong kong and so did my new york city lemonade stand. this ability to at least try to succeed is the reason america has been successful. in america it's okay to fail and fail and try again. in most in europe and much of the world the add due is you failed? you have had your shot. you didn't succeed go work for someone else.

big successes came from people who failed often. >> my recent experiments with the telephone -- >> he had more than 1,000 passes. we know about his successes. now know that edison failed much more off den. he lost money in a sem pleasant wp dr. seuss's first book was rejected by 27 publisher. oprah was fired from her first job a tv station called her unfit for tv. the moral of the story, go ahead and try something. it often brings money and happiness. happiness researchers say people who p work for themselves happen to works with us. all business is risky. first attempt probably will fail

but the adventure of trying something and try again is ghaifs people the power to pros ser. that's our show. see you next week. see you next week. now. we'll see you back here, same time, same place, same channel. >> tonight on huckabee. >> i want the members of this committee to find the facts for the families that lost their loved ones. >> speaker boehner announce a select committee. democrats a cows the republicans of playing politics. >> it is:te >> committee members join the governor tonight. >> guys, do you know what civics is? >> car. richard dreyfuss said the basic lack of knowledge of