A Study on Small Business Development and Support Policies

The number of small businesses being founded in the nation is constantly increasing and various kinds of aggressive efforts are being made to have competitiveness. As such, political support by the government with regards to small businesses that has productivity and competitiveness needs to increase. Foundation of small businesses is being promoted by the Government to boost the economy, and interest in foundation of the business is high amongst not only college students but even general workers. Thus, the purpose of this study is to examine problems regarding foundation of small businesses and to give new businesses competitive edge by presenting political answers to these problems. After analysing status and current issues of foundation of small business, the paper suggested positive policy alternatives. Existing studies on small businesses were focused on promotion of small and medium distributors, and studies on policy alternatives aimed directly at promoting the businesses are insufficient. Further studies are needed to examine political alternatives from point of view of roles and support of non-profit organizations that the Government is responsible for support of small business.