Make room for new ideas

The policy-landscape complexity is a key barrier to young entrepreneurs seeking to enter the business world.

Although much is done in support and programs to assist young generations with new business ideas, policymakers and regulators need to address the simplification of the systems and processes in place for business creation and development.

Simplifying regulations with an Ockham razor for businesses will allow increased entrepreneurship and improved compliance.?

The same applies to start-ups. Regulators must ensure that small and emerging companies have access to the necessary resources to bring new ideas and innovations to the market.

Reducing barriers to entry and making resources more accessible is essential.

By doing this, policymakers will allow entrepreneurs and small companies to have the opportunity to compete and thrive.

And this will lead to a more dynamic and competitive marketplace which will help to drive economic growth and create new jobs.?

Simple as that.

Learn more: Loyal Future Insights #9