Governmental roles and duties in helping small-scale businesses.

[Mikes smithen]

Typically, small-scale businesses are known as thriving businesses who are trying to make it big in the marketing sector. However, not a handful of small-scale businesses are more likely to grow and develop possibly into a larger scale business, but with effective management and with efficient determination and persistence on the part of the business manager or business owner, there is an assured guarantee that a small scale business can possibly develop into a large-scale business or even to a commercial Enterprise. The government itself have key responsibilities as well as a role to play in helping small-scale and striving businesses to grow and develop. Below are some of the ways in which a government of a particular economy can help small-scale business established within the economy to grow and to develop:

TAX INCENTIVES: The government can provide tax incentives for small-scale businesses, such as tax breaks or credits, to help reduce their financial burden and improve their profitability.

ACCESS TO CAPITAL: The government can help small businesses access capital through loan programs, grants, or other funding opportunities.

BUSINESS EDUCATION AND TRAINING: The government can provide small business owners with access to business education and training programs to help them develop the skills they need to succeed.

INFRASTRUCTURE INVESTMENT: The government can invest in infrastructure, such as transportation and communication networks, to make it easier for small businesses to reach customers and suppliers.

ACCESS TO MARKETS: The government can help small businesses access new markets by promoting exports, opening up trade opportunities, and providing support for international trade missions.

ACCESS TO TECHNOLOGY: The government can help small businesses access new technologies and tools, such as digital platforms, to improve their competitiveness and reach new customers.

 

[Axis]

The government of particular economy or country definitely have roles and responsibility to play when it comes today assisting of smaller scale businesses to grow and develop. The most richest countries in the world smaller businesses are absolutely neglected and this indeed is a big problem. A reason why this is a problem is because there are more smaller scale businesses in a particular economy than larger scale business and the reason is because not everyone has financial adequacy and sufficiency to establish their business idea in large-scale but in order to carry out business activities they usually decide to establish the business in smaller scale and possibly grow from there.

One effective way that government can help and assist small-scale businesses to grow and develop is by providing them business infrastructures for effective growth and development. Business infrastructures include railway lines good roads and many other transportation systems in order to assist the transportation of finished goods from one supplier to the other and finally to where they are to be marketed to final consumers. The government can assist small-scale businesses by making in provision finance centre as well as a business banks in which small scale businesses can get frequent finance to facilitate the business for easy growth and development.