Critically assess the case of government support of small business, both in terms of business start - up and development

Teaching for entrepreneurial development and diminished line of wrinkle has played a probatory part in political sympathiess insurance approach to scotch development . It is beyond doubt that thither has been a signifi potbellyt growth in self employment and wasted business concern development over the past few age . As it can be seen from the quotes, exquisite businesses are get more(prenominal) and more important and by now 99.1% of all businesses play the characteristics of a small business In this essay, I correspond to discuss the reasons wherefore governing body should, or should not inject (i.e. support) in small enterprises. In the appendix B I pull up stakes also moldinesser in nigh of the latest European support programmes for business start-ups and small business development. 2Main Part 2.1Definition of small enterprises The most commonly used story of small businesses can be found in the Companies wreak 1985. It states that small enterprises a re companies with a turnover of below 2.8 one thousand thousand pound sterling per annum, a balance sheet eject of below 1.4 million pound sterling per annum and the number of employees must not exceed 50. For a company to be regarded as a small enterprise it has to meet two or more of these conditions at the beginning of the financial year . 2.2Reasons for government support Governments intervene in companies for several reasons.

Below I will outline some of the reasons why governments spend rotund amounts on money every year supporting small businesses. 2.2.1Start-up support This government agency governments supporting individuals to set up a company or refreshfully created co mpanies to survive in the market. Support ta! kes place in different ways, such as financial support, managerial and entrepreneurial training. 2.2.1.1Employment One of the main reasons why governments support start-ups is, that they are a major employment condition in every economy. When a new business is started, even... If you want to get a full essay, severalize it on our website: OrderEssay.net

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