Although small businesses need a facilitating environment that enables growth, they should not go looking for handouts. Treasurer of the Small Business Association, David Simpson, gave this caution at the recently held 2011 SME Conference hosted by the Association of chartered Certified Accountants (ACCA) Caribbean.
“It is important in our view that for all of us to be successful as SMEs there needs to be a facilitating environment that would enable and allow innovation and growth. “It may call for legislation …….but as (SMEs) I don’t think that we should expect or that we should look for hand-outs,” he said during the event at the Lloyd Erskine Sandiford Centre.
Instead, Simpson said SMEs should lobby for an enabling framework to facilitate the required growth “whether this growth calls for access to finance, access to technical assistance or access to technical support”. “At the end of the day we are responsible for our success and the direction that we go.
“We may be small, we may be medium, we may even be micro in size, but I think what is fundamental to our success is that we need to think big all of the time,” said Simpson, who is also Vice President of the Institute of Chartered Accountants of Barbados.
He added that the SBA was pleased with the global focus on the creation and sustainability of small businesses, especially since many SMEs wanted to emerge from the recession with more robust business practices. “We believe that to achieve this we need to build sustainable networks,” he said.
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