Question

How should our government (local, state, and federal) assist entrepreneurs in creating new jobs?

Entreprenshp/Sm Bus Mgmt

Answer 1

The new business and small business are the backbone of the local economy for the US which has made the government in all kinds of its bodies like local, state, or federal. The new jobs of the economy are brought in by the entrepreneurs and most of the Small and Medium-Sized Business (SME) for the economy. The local businesses have to give the new businesses some chance and also introduce the resource measures and facilities to let these SMEs grow and prosper. Hence the needs for the business are taken care of by the government to give the economy its booster dose of SMEs.

· The Small and Medium-sized business of the US gives the nation its 60% of the workforce to create new jobs and create the needed parameters for the business,

· The small and medium-sized businesses are those which employs less than 500 workers for the business which means the healthcare for the SME sector businesses needs to be undertaken by the government of the local state to assist the businesses as needed for the business,

· The tax cuts for the business of SME in the US means they give more to the business in terms of value to make more profits, in the long run, to meet the tax demands post say 5 years of its tax-less run for the business establishments, say for 5 years.

· The insurance of the safety and protection of the factory equipment can be made as a part of the local insurance policies for which the government pays and this gives the SME a lot of room to be thus effective to create opportunities for itself.

· The government has to develop the needful skills and also make the datasheet for each locality to make the people reach the people within the local community to select and pick up the needful staff for the business with a click. This assists both the people and the businesses in there for the locality.

Such small but sure steps make the business deal with the best of protection from the government’s side to develop and prosper while also be ensured to keep up the legal and social needs to operate.