Help and support

Question 1

Government/business agencies for help and support

Answer 1

• Grants and loans
• Subsidies
• Dedicated agencies (support and advice)
• Training
• Tax incentives
• Relaxed government policies (rapid business licensing)
• Special economic zones: area with different business and trade laws

Question 2

Sources of help and support

Answer 2

Formal:
- Government/business agencies
- Consultants: experts that charge a fee for their advice and guidance
- Financial institutions: provide micro loans
- Charities and not-for-profit (can provide seed capital for the poor)
- Teachers: theoretical and practical learning
- Business networks and other entrepreneurs: Gathering of entrepreneurs to discuss ideas and explore partnerships (mentors)

Informal:
- Friends and family: Inspire and encourage, may lead to decisions based on emotions rather than reason.