What the Government Should Do for Entrepreneurs during Economic Downturn

Written by Admin on January 27th, 2009

Entrepreneurs need help today. Financial crisis in America caused the change of consumer behavior in world market. The government takes important role in economy crisis. They have important function to create stability in economy of the country. They should support to entrepreneurs. Entrepreneurs need financial stability to sustain the employees.

The regulation should decrease the problems of entrepreneurs. Below are some points what the government should do for entrepreneurs, especially for small entrepreneurs:

1. Give the real time on what has been happening in regional, national and international economy situation.
2. Communicate and help to solve problem on management, marketing
3. Support and help to find new market local and international.
4. Find and give information about new business chances to decrease unemployment in the country.
5. Prevent corruption and increase efficiency of government officers.
6. Decrease bank interest to stimulate entrepreneurs to invest in real business.
7. Build important infrastructures needed by most of entrepreneur to develop business area.
8. Give training to create new entrepreneurs in the country.
9. Give flexibility to take credit for business capital, especially for small business start up financing.
10. Decrease tax, especially for small and middle class entrepreneurs.
11. Ensure stability of security in business area.
12. Manage ecosystem of products resulted by entrepreneurs, in other word, government should give accurate information on demand and supply of the product.

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2 Responses to “What the Government Should Do for Entrepreneurs during Economic Downturn”

  1. PolyPak Says:

    “9. Give flexibility to take credit for business capital.
    10. Decrease tax, especially for small and middle class entrepreneurs.”

    i think that these two points you made would be most helpful, given the current situation.

  2. Small Business Start up Financing Strategy | News, Global Economy Issue, Business Solution Idea , Blog Network Says:

    [...] or any existing business that was used to as a backup. Therefore, in the allocation of funds, an entrepreneur must be able to identify activities or facilities what you need and what amount of funds required. [...]

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