THE ROLE THE GOVERNMENT SHOULD PLAY IN SUPPORTING MINOR BUSINESSES FOR THE COMMON MWANANCHI

 THE ROLE THE GOVERNMENT SHOULD PLAY IN SUPPORTING MINOR BUSINESSES FOR THE COMMON MWANANCHI.

Hello reader, today we’re going to study in detail some of the major roles the government should play in giving support to the minor businesses for the common citizen. There are so many minor businesses ran by the lower income earning citizens. Hence for them to succeed , government intervention in providing support and launching supportive initiatives to them plays a vital role. They all need to flourish in their small business undertakings hence them receiving support is an added advantage for their success . Here are some of the major roles the government should play in providing support to minor businesses for the common citizen majorly the lower income bracket citizens;

. In terms of taxation , the government should avoid taxing these small businesses heavily. Taking too much of their low incomes just discourages the common mwananchi from running his/business. Most of the business activities they are involved in are low paying; the income they generate is too small. Hence imposing too much tax only demotivates them from even running the same business. Therefore, the government should formulate and implement tax systems which are a bit fair and friendly to these citizens. Through this, their small business will eventually thrive in the long run.

. Provision of incentives.

 Incentives should be provided to them so as to encourage them in whatever business they engage in as well as ensuring they make progress in achieving success in their small businesses. Incentives may be financial or even in terms of extra services or goods provided. All incentives play a vital role in the success of their businesses. Incentives majorly act as a source of motivation to them, hence they’ll all work hard towards achieving success in the long run. Therefore these citizens will be able to generate more money hence they’ll be able to sustain their daily needs effectively as well as improving their standards of living.

. Professional support from experts ; in business based operations.

 The government may opt to use or provide professionals in advising and providing guidance to these citizens. Advise on how they can perform and undertake their routine business activities is crucial in them achieving success; in terms of improving their job performance and maximizing their profits.

Professional advise and support may be of great help in motivating and guiding the activities these citizens undertake hence quality goods and services will be produced therefore their sales too increases thus increasing and maximizing their income generation.

. Helping them in marketing their goods through provision of international links where these citizens can benefit from exporting their goods and services.

  The government should help these citizens through expanding their markets majorly internationally. Through this, most small scale businesses will thrive as they’ll be certain of a ready market for their goods and services. Most of these citizens are Soo innovative hence a little support is vital in helping them in executing and maximizing their expertise. International markets too are well paying hence these common citizens will be able to generate more money to cater for their daily needs as well as improving their standards of living.

. Provision of loans with low interest rates. 

Low interest loans will be of great help to these citizens. They’ll be able to access the money easily, use it in their routine running of their businesses and eventually maximize their profits too. Hence even in loan repayment , the mwananchi won’t strain as the interest to be paid are less . These loans may help too in expanding their small business hence maximizing their output and profits too. Those citizens too with ideas only but no capital may access the loan and start their business . Hence the dependency rates too will decrease as they’ll now be able to generate their own income without having to borrow or wait for aids to survive. Therefore this role if played may prove effective in supporting these citizens greatly.

In a nutshell , the government through implementation of these key roles may help the common citizen to a great extent in ensuring their success in their small businesses as well as ensuring that they’re able to generate their own income and sustain their daily needs.

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