What Role Do Governments Play in Reducing Bureaucratic Hurdles?
Governments can play a crucial role in reducing bureaucratic hurdles and fostering an entrepreneurial ecosystem:
Simplification: Streamlining processes and reducing the number of required permits can lower entry barriers. Transparency: Providing clear and accessible information on regulations and compliance requirements. Support Programs: Offering support programs such as grants, subsidies, and advisory services to assist entrepreneurs. Digitalization: Implementing online platforms for business registration and compliance processes to reduce time and effort.