fOne thing that has been unanimously agreed upon is how important it is for us to develop the small business sector. We have a wealth of data and case studies showing how the creation of small businesses will affect our economy and provide long-term solutions to the unemployment crisis the country is currently facing. But the consensus stops here. The idea of ​​how to create the right set of cases to quickly catalyze this industry and where to put the resources to make the biggest impact is huge.

Broad-Based Enterprise Development

What worries me most about Broad-Based Enterprise Development right now is the incredible waste of resources spent on half-finished schemes that not only add value to small businesses, but also harm them and possibly lead to failure. There are hundreds of well-intentioned initiatives helping small businesses drown instead of swimming, spreading misinformation and advice that can kill you before you start a small business.

Bankable Business Plan is the First Step

Small business doesn't have to be a notional charge. If you're planning a day trip to a local nature reserve, head to the nearest Cabo Unión Martí and dress in boots, jackets, thermal underwear and arctic sleeping bags, people will laugh at you. The same goes for small businesses. They need to be agile, cheerful and unrestrained when they start, and convince everyone that a business plan is the first step, enough for a small business of the future to start the process all over again.

Implementation

But there are plenty of establishments that teach people how to write their business plans or give out vouchers to prospective business owners to spend time with a consultant who does it on their behalf. In fact, a recent survey by one of the government agencies tasked with developing small businesses by sponsoring business plan advice found that less than 5% of those who used the service started their own business a few years after it was implemented. then in general!

Circulation and Perpetuation

The spread and continuation of these and other small business legends seems to be living on programs put together by well-meaning people in various institutions where they have never been involved in small business. This seems logical, so they write it into training programs, incubator projects, start-up funding programs, etc. Consultants and trainers have no experience starting and running a small business, but are paid to advise small business owners.

Final Verdict

It also raises the worrying culture of parental dependency that small business owners rely too heavily on outside help through their business experiences and muscle development. Successful business owners have developed great instincts, the ability to get out of sticky situations, the ability to attract clients, and the understanding that it's time to ask for advice.