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Category Archives: News

Export Forum 2-Taking the Mystery out of Grant Funding

Following on the discussions held during our   Export  Forum on April 26, 2012 the Association has joined with Caribbean Export Development Agency (Caribbean Export), to host a Direct Assistance Grant Scheme (DAGS) workshop, and specially invites you to attend this event. The workshop will be held May 29th at the association’s head office, to explain [...]

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Private sector stepping up

Private sector stepping up Barbados’ private sector has done well to cope with the worst effects of the prolonged worldwide economic recession. This assertion has come from Harris Paints’ senior vice-president sales and marketing Luke Ticknor, who singled out the contribution being made by home-grown Barbadian companies as worthy of special mention. He said that [...]

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Barbados Entrepreneurial hub by 2020

Stuart outlines growth plan Barbados may be experiencing a recession, the worst in its history, but has set its sights on becoming the top “entrepreneurial hub” in the world in less than a decade. That’s according to Freundel Stuart, the nation’s Prime Minister who also said that there were “stubborn pockets” of poverty” in the [...]

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2012 IDEAS Contest

The 2012 IDEAS contest calls for innovative proposals to promote sustainable energy technologies in the Caribbean The 2012 IDEAS Energy Innovation Contest for the Caribbean was launched on February 15th, 2012. Awards of up to US$200,000 are offered for projects and enterprises which promote energy efficiency and access to renewable energy in the Caribbean region. [...]

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Endless Possibilities

3/25/2012                   Job Attachment and Mentorship Programme hailed a great success BY all accounts, a programme conceptualised as a strategy to challenge disengaged youth to get involved in productive activity, has been a success. Minister of Family, Culture, Sports and Youth Stephen Lashley explained that 30 young [...]

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Entrepreneurial hub by 2020?

By Nadia Brancker THE vision for Barbados is to be the Entrepreneurial hub of the world by 2020. And the public seems to be asking whether this is fact or fiction. The University of the West Indies Open Campus in collaboration with the Central Bank of Barbados presented The University in the Community Lunch time [...]

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A Link to Growth

By Natasha Beckles | Fri, March 02, 2012 – 12:00 AM Barbados has been doing relatively well in terms of creating a policy framework that supports entrepreneurship, says Lynette Holder, chief executive officer of the Small Business Association (SBA). Speaking last Thursday during a lunchtime panel discussion hosted by the University of the West Indies [...]

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SBA and Ministry of Family Create Endless Possibilities

Endless Possibilities has become a reality for 30 young people, thanks to the collaborative effort of the Ministry of Family and the Small Business Association (SBA). Earlier this week, at the Warrens Office Complex, St. Michael, Deputy Permanent Secretary in the Ministry, Esworth Reid and President of the SBA, Celeste Foster, signed a Memorandum of [...]

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Barbadian Businesses Must Build Partnerships or Else

  L to R Joel Richard, Trade Consultant – Barbados Private Sector Trade Team, Lynette P. Holder, CEO - Small Business Association, Shantal Munro-Knight, Deputy Coordinator - Caribbean Policy Development Centre and Robert Glass, Executive Project Manager – German International Cooperation.   Barbadian businesses seeking to take advantage of the opportunities available in the EPA must consider partnering with foreign businesses, as a [...]

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SBA to Increase Board Numbers

At a recent Special General Meeting of the Small Business Association, members passed a resolution to increase the number of directors on its Board.  SBA president Celeste Foster confirmed that the board was made aware by management of some anomalies related to the company’s corporate status. She said: “In the interest of good governance, the [...]

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  • Business Tip

    • Set a target date

      Whether it's in two years or 10, establish a specific date when you'd like to leave the business. This creates a tangible goal, with milestones and accountability, that will ensure you stay on track. Keep in mind that while a set date is critical to goal achievement, it can (and ...

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    • Secure counsel from a team of advisers

      Exit planning requires the counsel of trusted advisers from different disciplines. This team should minimally include your CPA, a business and estate attorney, a financial adviser, and an exit planning specialist who will coordinate the process and create a holistic game plan.

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    • Write a plan and review annually

      Change is constant. Economic conditions or a myriad of other factors can bring new influences and impacts to your life and on your business. Be proactive and review your exit plan each year with your advisers to determine if any adjustments are necessary.

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