You Are Reading Vol. 01 Issue. 03 March 15, 2013 Edition
TO WHOM MUCH IS GIVEN ....
Small, Micro and Medium enterprises can rest assured that their interests will be well represented by the presence and contributions of newly appointed Independent Senator John Watson.
The Minister of Industry, International Business, Commerce and Small Business Development, the Hon. Donville Inniss’ promotion to be the champion of industry in Barbados augers well for SMEs and business in general. The new Minister who is considered by many to be a man of action (given his performance in his former Ministry of Health portfolio) is himself a small businessman and therefore in tune to the problems which face the sector. His plan to place emphasis on business incubators is one which is supported by the SBA. His “not business as usual” approach is welcomed news for SMEs. We look forward to working with the new Minister to identify and remove all impediments to SME growth to ensure that small businesses have every opportunity to succeed. Welcome Minister Inniss!
IMPORTANT DATES TECH SMART WEBSITES
MAR 19, 2013 EXCEL TIPS & TRICKS MAR 18- MAR 20 MEMBERS’ MEETING MARCH 26, 2013 WALK THE TALK COMMENCES MON APR 1.
Read more, pg 2
attention of Senator Watson, is the closure of the Social Investment
Senator Watson, himself a business man and owner of Exstrawdinary ( an Arts and Craft business), was also one of the pioneers of the Small Business Independent Senator John Watson (l), paying rapt attention to Association Govenor General, His Excellency Sir Elliott Belgrave (SBA) and GCMG, CHB, QC a founding president. Fund (SIF). He remains committed to the development of entrepreneurship He expressed his concern that and enterprise in Barbados. “welfare” type businesses, those that exist on the micro level, would Senator Watson has been a vocal not be able to properly access funds and fearless critic of policies and through FUND ACCESS, the entity environments that seek to impede now charged with the responsibility the growth and development of of disbursing funds previously small businesses and it is widely allocated through the SIF. He also known that his love for the sector took issue with the alternative of fuels his passion. This love and transferring the funds to the Welfare passion is expected to drive his Department pointing out that “we tenure in the Upper House and are not trying to encourage welfare Outlook looks forward to many we are trying to encourage work”. spirited debates and fearless SME The SBA stands in support and representation by the Senator. lends its voice to the Senator’s One issue that has already engaged
FINAL WORKSHOP - 50 FREE
TRADE & INVESTMENT CONVENTION (TIC 2013)
BY The Trinidad and Tobago Manufacturers’ Association, June 12-15, 2013 Hyatt Regency in Port of Spain, Trinidad.
TRAINING & DEVELOPMENT
TECH SMART WEBSITE
.................................................MAR 9, 2013 BEC - MANAGING CONFLICT ...............................................MAR 27, 2013
REACH THE SBA HEAD OFFICE
1 Pelican Industrial Park, Bridgetown, Barbados Phone:
TAX READY GET PREPARED
The Small Business Association (SBA) will host a series of tax clinics in the month of March to assist members in their statutory compliance. These clinics serve to educate small businesses about the correct process of filing their statutory payments, debunk the myth relative to the responsibility associated with paying taxes, and inform persons about the role of such agencies in the development of small economies such as Barbados. Expert personnel from
the Inland Revenue Department, National Insurance Department and Customs and Excise - VAT Division will be on hand to answer questions and guide members on compliance. A tax clinic will be held on Tuesday March 26, 2013 at the Bagnallâ€™s Point Gallery, Pelican Village at 6:00 PM. Entrepreneurs and the general public are also invited to attend this very important session as we prepare members to meet their obligations for the fiscal year 2012
Young Entrepreneurs Benefit from Training
A number of young SBA entrepreneurs recently benefited from an Enterprise Skills Training Workshop conducted by the International Labour Organisation (ILO) in collaboration with the
THOUSANDS SIGNED UP TO WALK THE TALK 54 SBA member companies are part of the over 100 companies that have signed on to WALK THE TALK when the programme gets officially on the way on April 1, 2013. To date some 2,400 employees from the companies registered are preparing to take those first 10,000 steps of the programme. Coordinators of the programme have indicated that pedometers have been
ordered and distribution will take place between March 25 through 28, 2013. On April 7, 2013 the Ministry of Health will be observing World Health Day and one feature of this day will be a walk organised by the Ministry. SBA members who havenâ€™t yet committed are encouraged to contact the SBA to get involved in the programme
the BEC officially opened the three day workshop expressing his hope that the skills learnt during the sessions would translate
of the initial business idea, enterprise organisation and operations as well as legal responsibilities and financial planning.
into more sustainable businesses for the participants.
Participants also received certificates of participation at the end of the workshop
Enterprises (EESE) in Barbados. ILO Enterprise Specialist Mr. Kelvin Sargeant, identified the improvement of management skills of start-up companies as an action item that should be pursued. This was
Participants collaborating in groups during the 3 day Enterprise Skills Training Workshop session
recognised as a means of increasing the number of new businesses being established as well as The idea came out of the improving the success recently concluded ILO rate of new companies. study of the Enabling Environment for Small Mr. Tony Walcott, Executive Director of Barbados Employers Confederation (BEC).
SBA Outlook Newsletter
March 15, 2013
The training provided skills to aspiring business owners covering analysis
SBA MEMBER SPOTLIGHT
Network Security and Documentation, Security Cameras, Access Control, and Telephone PBX solutions.
The company is an authorized business partner and reseller for some of the global NX Technologies Ltd, was technology leaders such founded by its CEO and as Axis Communications, Chief Technical Director Avaya, Cisco, Panduit, and Mr. George Collymore in Ruckus Wireless among 2010. It is an innovative others. NX Technologies IT solutions company Ltd focuses on its providing both network customer needs, deliver and communications quality solutions and seeks services and solutions to to exceed their customers’ residential and commercial expectations. customers. NX Technologies’ core values are honesty, Some of its services integrity and quality and solutions include from inception. NX Home Smart Cabling Technologies Ltd can and Networking, deliver scalable, turnNetwork Infrastructure key solutions that are Management and Support, designed to individually Network Engineering suit any infrastructure and and Design, Remote budget Call: 246 231 5111 Access/VPN, Wireless or 246 435 2512. Networking, Structured Email: email@example.com Cabling Solutions,
A Voice in the Wilderness Recently I had members and non members alike expressing their frustration with the long delays in the VAT and Income Tax refunds. This frustration was compounded by the fact that they were being requested to pay their corporate taxes to avoid penalties or contravening the law. From where I sit, I have a unique perspective of seeing the ills that face the SME sector, in addition to witnessing the challenges of government and other agencies in settling their payables to small businesses. Over the last ten years, I have also gained a greater appreciation for the unique concerns of small firms. Yes, there are similar challenges that may confront entrepreneurs as a body, but very often I am faced with the peculiar challenge of what it means
to be small in an aggressive LAST WORD business FROM THE CEO environment. Challenges can range from the inability to pay statutory requirements, meeting weekly payroll and overhead costs, finding committed and competent staff, and exploiting opportunities to grow the business. In some cases we have even had to intercede on behalf of members in disputes with their landlords and suppliers. No one likes to lose their voice. It troubles me therefore when I come across cases of entrepreneurs crying out in frustration and despair at the ineffectiveness of their voice. The inability of entrepreneurs, brimming with ideas, to effect simple business transactions is
IN PURSUIT OF EXCELLENCE The Caribbean Centre for Organisational Excellence (CCOE) recently held its inaugural conference in Barbados. CCOE is a non-profit organisation devoted to excellence in public and private institutions in the Caribbean.
around them and to use these as templates to replicate success. Other notable speakers at the conference included Dr. Emily Dick-Forde, Head Programme Planning, UWI, Dr. Basil Springer, Change Engine Consultant and
In his keynote address, His Excellency, the Honorable Robert Morris, CCOE participants on tour at Sandy Lane Barbados’ Ambassador Jerry Blenman, Financial to CARICOM noted Analyst and Director of that there were several CCOE. organisations in the region which have developed As part of the activities, solid reputations for their conference members were brands and more research invited to tour the Sandy needed to be done on these Lane Hotel, one of the organisations. He added world’s leading hotels to that Caribbean people get a better sense of what needed to be aware of excellence entails the best models existing
neither humourous nor character building. Being reduced to a state of begging for consideration is more humiliating than it is humbling. The SBA is here to help business owners find their voice and to ensure that that voice is amplified so that their causes, issues and concerns are clearly heard through the corridors of power and the offices of bureaucracy. We will therefore continue, through our strategic focus and work plans, to find unique ways to give our membership a competitive advantage. Providing training to ensure that our members (and aspiring entrepreneurs) have the requisite skills to build and sustain their business and
to be able to quickly adapt to environmental changes. Our marketing efforts are being streamlined to ensure that the visibility of our membership remains at a high profile. Indeed, our Tech SMART Website Project will raise the visibility of at least 50 of our members in the marketplace. And our BE SME Smart Campaign will significantly heighten the awareness of the consuming public about the high quality and availability of goods and services produced by our local small businesses. In what may sometimes seem a wilderness of business uncertainty, the SBA is here to help micro and small enterprises find their voice
The Small Business Association (SBA) is the island’s non-governmental, non-profit representative body for micro, small and medium enterprises. The SBA seeks to expand business opportunities for its members, provide educational and developmental services and lobby to ensure an enabling environment for the growth and sustainability of the SME sector. For more information on the work of the Small Business Association, please visit our website: http://www.sba.org.bb
SBA Outlook Newsletter
March 15, 2013
Published on Mar 17, 2013