Final answer:
Certain considerations for starting a business include standard operating procedures, financial projections, employee training programs, and obtaining special permits due to zoning regulations. Licensing and permitting can act as government-enforced barriers to entry, whereas other factors like trademarks are non-government barriers. Policies like pollution charges also influence business decisions and marketable permits, and property rights play significant roles in business operations.
Step-by-step explanation:
When considering the type of business to start, it's essential to take into account various factors such as standard operating procedures, financial projections, employee training programs, and the need for obtaining a special permit. For instance, zoning regulations may require a business to obtain special permits to operate in certain areas. These regulations divide municipalities into districts and restrict business activities within these zones.
Government-enforced barriers such as permitting and licensing can affect the entry into the market. For example, a limit on the number of licenses for taxicabs is a direct government-imposed obstacle. On the other hand, a well-known trademark, while a barrier, is not government-enforced.
Business decisions are also influenced by policies like pollution charges, which can add costs to operations and impact profitability. Understanding the significance of marketable permits and property rights is crucial, as these help dictate what a business can and cannot do, potentially affecting hiring, expansion, and overall business strategy.