Governments are also well placed to provide arrangements for entrepreneurial training and support perhaps in collaboration with private sector or non-governmental organizations (NGOs). In many countries, the state has sought to nurture an enterprise culture through an alliance of business education and training programmes with initiatives like “business incubators”, which in effect are facilities where aspiring entrepreneurs can learn business skills.
Some people think that the effect is exaggerated and that the best thing that the Government can do for SME development is to reduce regulatory impediments and bureaucratic red tape and implement tax policies that promote small-business growth. A bit about our local situation…….