Few barriers to entry
This will encourage the upcoming entrepreneurs to penetrate a specific industry with ease.
Competition may be there but with few barriers that could’ve been set up by the already existing
businesses, it becomes possible for the small firms to compete in a fair environment.
Tax Incentives
Businesses that are operating in certain areas or industries could do with some exemptions in the
tax on inputs. This will mean that they will not collect output tax on their products but the incentive
in itself will mean less administrative work
Better regulations
To control the growth of small firms, the government can regulate the issuing of licenses or
require stringent requirements for one to get a license. This will act as an incentive for the new
entrants and will create a conducive environment for healthy competition
Linkages
The Government through the Ministry of Finance can set up forums where investors can meet
with the upcoming entrepreneurs and discuss business prospects where both parties can benefit
from each other. This can be organized in form of seminars and trainings or workshops organized
by the ministry concerned.
Low interest rates on loans
The Government could set up loan schemes through micro finance institutions where entrepreneurs
with a good business prospects can get boosts for their growing ventures in the form of low interest
loans. The interest subsides will be the government investment for the upcoming business that
will eventually contribute to national growth
Kavungya answered the question on April 10, 2021 at 10:47
- State and explain forms of business amalgamations.(Solved)
State and explain forms of business amalgamations.
Date posted: April 10, 2021. Answers (1)
- Define Business Amalgamation.(Solved)
Define Business Amalgamation.
Date posted: April 10, 2021. Answers (1)
- Outline the procedure used for the tendering process.(Solved)
Outline the procedure used for the tendering process.
Date posted: April 10, 2021. Answers (1)
- What is an enterprise?(Solved)
What is an enterprise?
Date posted: April 10, 2021. Answers (1)
- State and explain the motivations of networking in entrepreneurship and communication.(Solved)
State and explain the motivations of networking in entrepreneurship and communication.
Date posted: April 10, 2021. Answers (1)
- Define a franchise opportunity venture.(Solved)
Define a franchise opportunity venture.
Date posted: April 10, 2021. Answers (1)
- State and explain the various types of business opportunity ventures.(Solved)
State and explain the various types of business opportunity ventures.
Date posted: April 10, 2021. Answers (1)
- Examine three ways through which the economy benefits from the growth of small businesses.(Solved)
Examine three ways through which the economy benefits from the growth of small businesses.
Date posted: April 10, 2021. Answers (1)
- Describe the relationship between entrepreneurship and communication.(Solved)
Describe the relationship between entrepreneurship and communication.
Date posted: April 10, 2021. Answers (1)
- Explain different categories in which entrepreneurs can be classified.(Solved)
Explain different categories in which entrepreneurs can be classified.
Date posted: April 10, 2021. Answers (1)
- What is effective communication?(Solved)
What is effective communication?
Date posted: April 10, 2021. Answers (1)
- Explain benefits a company may derive from understanding its competitors(Solved)
Explain benefits a company may derive from understanding its competitors.
Date posted: April 11, 2019. Answers (1)
- Theories that prove that entrepreneurship is a multi dimensional concept(Solved)
Theories that prove that entrepreneurship is a multi dimensional concept
Date posted: February 25, 2019. Answers (1)
- Distinguish between business plan and market plan(Solved)
Distinguish between business plan and market plan.
Date posted: February 22, 2019. Answers (1)
- Differentiate between “ethical dilemma” and “ethical lapse” (Solved)
Differentiate between “ethical dilemma” and “ethical lapse”
Date posted: February 5, 2019. Answers (1)
- Explain six unethical practices likely to be found in business communication. (Solved)
Explain six unethical practices likely to be found in business communication.
Date posted: February 5, 2019. Answers (1)
- Explain the benefits of using M-pesa to transact business (Solved)
Explain the benefits of using M-pesa to transact business
Date posted: February 5, 2019. Answers (1)
- Write explanatory notes on the following:
i) Fax
ii) Telex
iii) Electronic mail
iv) Teleconferencing(Solved)
Write explanatory notes on the following:
i) Fax
ii) Telex
iii) Electronic mail
iv) Teleconferencing
Date posted: February 5, 2019. Answers (1)
- Outline eight benefits of blogging to business communication.(Solved)
Outline eight benefits of blogging to business communication.
Date posted: February 5, 2019. Answers (1)
- Distinguish between fax and email. (Solved)
Distinguish between fax and email.
Date posted: February 5, 2019. Answers (1)