1. World problems
  2. Discouraging conditions for small business

Discouraging conditions for small business

  • Potential business discouragement

Nature

A large number of government and social restriction to the creation of small business discourage the development of new businesses and the slow down and stagnation of the national economy. The tax structure of the country may deter investment in small businesses. High corporate taxes deter the creation of new companies. High personal taxes for executive discourage individual from becoming managers. Future profits may be taxed. Penalties for underestimating tax bills may be high. Government repayment of over paid taxes may be slow, further disrupting cash flow. Inheritance taxes may be high. The employment structure may discourage the growth of companies. An extremely large number of professions needing to be certified slows the growth of the professions and burdens employers. Small businesses may be required to hire only union members. Social costs and employee taxes may prohibit hiring additional employees, stopping growth. Commercial skills may be lacking. Technically qualified entrepreneurs may lack business skills. The education system may no offer sufficient commercial or business education. The financial climate may discourage new businesses by limiting access to loans.

Broader

Narrower

Aggravates

Aggravated by

Related

Strategy

Value

Discouragement
Yet to rate
Business
Yet to rate

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
World problems
Type
(D) Detailed problems
Subject
  • Development » Potential
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    Nov 29, 2022