Answer:
This is how the reliance on government may impact your business
Explanation:
Financial Support: Initial financial support from the government, such as grants or low-interest loans, can significantly reduce the initial capital burden on entrepreneurs. This allows them to focus on developing their products or services without the immediate pressure of repaying high-interest loans.
Access to Resources: Government programs may offer access to valuable resources, including business mentorship, training programs, and networking opportunities. These resources can be crucial for early-stage entrepreneurs who are still learning the ropes.
Legitimacy and Credibility: Receiving government support can enhance a business’s credibility, making it easier to attract further investment, partnerships, and customers.
