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Business Laws for Small Business

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The people of Ethiopia must also be trained regarding the various business laws for operating small business enterprises so that they stick to the laws strictly and cooperate with the government functionaries. This would also reduce the element of corruption in government offices. Several times, it may happen that the establishment of small business enterprises may affect the environmental laws and causing severe occupational health hazards to the people living in nearby areas. If anybody violates the rules of environmental laws, they would be punished strictly and hence people should be made aware of the same so that the faulty operations can be reduced.

At the same time, people should also be made aware of the ensuring quality production, otherwise, the consumers may complain regarding the end product and it may lead to a closure of the unit. Similarly, the export and import rules and policy of the government of Ethiopia must be part of the training module to be given to the citizens of Ethiopia for the successful establishment of small business enterprises. Labor Laws for small businessThe successful operation of small business houses in Ethiopia also requires the entrepreneurs to follow the labour rules of the Ministry of labour, Ethiopia very strictly.

The minimum wage structure and maximum working hours have to be thoroughly monitored and all the entrepreneurs must be well trained regarding the same. The favourable working conditions for the labour in the small business enterprise must be ensured so that the growth rate of a small business house would be satisfactory (Storey 1994). Several times, the main challenge for the establishment of small business firms arises in the form of a shortage of labour for some specific works.

This requires the extensive study of the existing labour markets so that the selection of enterprises would be successful as far as the labour availability is concerned. Socio-cultural EnvironmentIn addition to the political and legal aspects, small business enterprises get significantly affected by the socio-cultural environment.    

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