Many factors help in making a business thrive: startup capital, location,

the personality of founders, ease of getting and sending material and most
importantly customers. The prompt suggests that to make a business thrive
government should not interfere in there matter. In my opinion, I have mix feelings
about this suggestion as I feel that supervision of government is important but
only up to a certain level and I feel so because of two reasons.
To begin, If too many regulations are put on a new business it may be difficult
for the businesses to grow. It may also discourage new entrepreneurs who have
thought of starting their own business but, may change their mind intimidated by
all the regulations that they have to follow. For instance, if there is a man who
wants to start his restaurant. He may get intimidated by the number of legal forms
he has to fill and by the certifications that the government has authorized for a
restaurant to have. The man may get discouraged to start his own business, because
of all these government facilities and may end up not starting in own business. The
above example illustrates that if a government gets too nosy in these businesses it
may end up hurting their growth rather then helping them in grow.
However, a very lenient approach by the government towards these businesses may
also end up hurting the business but also hurt society along with them. For
instance, if a new business is selling medicine that exacerbates an illness rather
then mitigate it or another business sells
a safety seat for children that are not tested. Should these businesses be able to
sell their products? In my opinion, no as it directly affects the people who are
buying these products. In this scenario intervention of government is very
important as some regulations from the government can ensure that the products that
these businesses are selling are helping the general public rather than hurting
them. Also, regulations by the government can help reduce another big problem in
this sector like many small businesses like large businesses have a tendency of
racial discrimination or paying their workforce minimum wages that are not
acceptable. So the government can help mitigate these problems from these sectors
if it is allowed to interfere. In long run, these regulations end up being helping
these small businesses because as these businesses start performing according to
the government regulations
people may start to have more trust in these businesses which will, in turn,
increase their revenue.
So, the government needs to interfere in the matters of the small business as
in the long run it may end up helping these businesses to grow.