What Is Entrepreneurial Encouragement?
Many people are interested in starting their own business but may not know or understand the many programs that exist to help them do this. Entrepreneurial encouragement programs exist in many formats to provide people with information and resources to start their own business.
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Definition
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Entrepreneurial encouragement programs are created to encourage individuals to start their own businesses or become involved with the development of various industries. These programs may be governmental or privatized and provide motivation to individuals by way of educational programs, business development and tax incentives.
State Programs
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Governmental programs such as the Virginia Entrepreneurial Encouragement Program provide start-up business owners with tax breaks for their first three years in business.
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National Programs
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The U.S. Small Business Administration provides entrepreneurial encouragement programs and outlets on its website. The website provides information on online training, newsletters, and contact information for Small Business Development Centers in each state. The centers provide potential business owners with help developing a business plan, marketing plan, and financial forecasting for their start-up or expanding small business endeavors.
Youth
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Entrepreneurial training programs are being developed for students that give them job training in vocational and professional fields. Some of these programs include student organizations that encourage groups of students to start their own small business, teaching them to write business proposals, plans and providing other resources related to the development of a small business.
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