Assignment 1 Small Business Opportunities Example | Topics and Well Written Essays - 750 words

1 footling Business Opportunities - Assignment Example alter fund to broken businesses and to the consumers at low rates is much profitable since more businesses will borrow thus providing fund to more grim business (David, 2007). Lending of fund will expand the small business and the consumers and other retailers will benefit thus generating income and the saving becoming healthy.The federal government activity can use tax toolkit to consider my business and other type of businesses to gainment the businesses in the market. Lower tax cut can be a powerful boost of the small business as an encouragement to ensure its continuity in the market.Another booster of small businesses is to give direct contract to them which will make it easier for the businesses not to compete with other large companies in the area (John, 2013). The federal government should advocate for direct contracts to small business so that they can encourage it and boost it.Historical underutilized business z one (HUB Zone) increases the chances of landing a government contract (Michael, 2004). The program encourages small businesses which are designated in high unemployment, where low income earners are granted contracts by the federal government. One of the criteria that I need to meet for my small business to be under Underutilized Business Zone is that the business must(prenominal) be owned and controlled by 51% of United States citizens. Again the business must have an shoes in HUB Zone and the employees of the small business must be living in the HUB Zone. The federal government has set a side $2,500 to $100,000 to small businesses. Since the business is in United States, I have the prospect to get the contract from the federal government thus boosting the business. Since I have qualified to submit the applicable document for my business to become a HUB Zone company, then the federal government can passing game HUB Zone contracts.The use of Smart Pay program manages a set of m aster contracts through