Government bodies support entrepreneurs through various means:
Funding and Grants: Many government agencies offer grants, low-interest loans, and other funding opportunities to help startups get off the ground. Training and Mentorship: Programs like Small Business Development Centers (SBDCs) provide training, resources, and mentorship to entrepreneurs. Regulatory Guidance: Government bodies often provide information on regulations and compliance, helping businesses navigate legal requirements. Tax Incentives: Tax relief and incentives are often available for startups and small businesses to ease the financial burden. Networking Opportunities: Various events, workshops, and conferences sponsored by the government can help entrepreneurs connect with potential partners and investors.