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Challenges of Small businesses

sectors of small business faces rigid barriers for entry and approval for licenses as the result of regulations, these can be from a youth trying to secure a vendor license to bankers who see the risk associated with environmental laws as limiting their ability to make loans. It further more complicated when federal, provincial and municipal regulations overlap each other contradictory standard fashion. Regulations fall more heavily on smaller organizations than larger organization. Because large enterprises can often hire internal and external help at a reasonable price.Despite these barriers to small-firm growth, further projections indicate that small businesses and entrepreneurship would continue to grow and make major contributions interms of job creation, innovation, empowerment. But if these challenges were removed or eased to manageable standards by the proper authorities can act as a rebost to this expanding economy. Government can try to ease the small business owners face interms of capital and credit, by dividing the public grants evenly. Rather than just giving large chunks away to large corporation, university research and etc. Some of the regulations set by the government should be abounded or modified to be more size sensitive. Public school should incorporate skill required courses that would suit the demands of today's business world. If these suggestions were taken into consideration or if these barriers were removed the small business will reach the sky with their innovativeness in the 21st century....

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