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Support For Entrepreneurial Development Programmes

It is true that entrepreneurs are their own bosses, they make the decision, they choose whom to do business with and what work they will do. They decide what hours to work, as well as what to pay and whether to take vacation or not.

Entrepreneurial development programmes may have to include support for:

_  Entrepreneurship orientation and awareness.

_ Development of the competencies (skills, experience and      attitudes) necessary to recognize a market opportunity and holding organize the resources to meet it.

_  Improvement of business performance for growth and competitiveness.

Entrepreneurship Development training is usually more effective when linked to finance and other services such as marketing, quality assurance and productivity improvement.

For example, involving the development banks at an early stage of the support process helps to prepare the entrepreneur for the credit process and facilitates the bank appraisal of the business plan.
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Successful entrepreneurship also depends on supportive and coordinated government policies, entrepreneurship is conducive to economic growth and the creation of employment.

Government programmes and policies have a significant impact on the level of entrepreneurship in the country. While many government profess support for entrepreneurial businesses, they often lack specific policies and coordinated programmes designed to support entrepreneurial activity.

Fostering entrepreneurship involves ensuring that markets for capital, labour, goods and services are working well. It also requires that impediments to Entrepreneurship be removed and that conditions be established in which innovation and risk- taking can flourish.

 Government policy makers also seek to foster entrepreneurship through programmes which, for example argument the supply of information and enable reliable transportation of goods and services, encourage networking, facilitate the provision of finance and seek to create positive attitudes towards entrepreneurial activity.

Focused policies that facilitate access to finance, professional services and training for start-up companies, that simplify business registration, reporting and taxation, E.t.c  are essential to entrepreneurial ventures Creation.