Barbados continues to grapple with the challenge to sustain its cost of living in harsh economic times. One avenue which is a historical fact is the significant contribution which Small Medium Enterprises (SMEs) contribute to economies, especially those which are successful. BU hopes bloggers will post submissions, ideas, feedback about how we can fan the flame of entrepreneurship to the Entrepreneur Corner.
Thanks to Moneybrain for this idea.
We pay a high price for our ignorance.
If you really want to learn about real businesses go to CNBC.com/THE-PROFIT . The presenter Marcus Lemonis is invited in to many different businesses to help save those businesses from ruin. There is no better education for business people than this. He explains the critical aspects of People, Process, Products, Promotion etc.
11 Things Leaders Should Never Say to Their Team
Just followed you here.
Marcus Lemonis is quite good.
I am wondering if these financial wizards (like shark tank) do not catch people at their weakest and take advantage.
Your thoughts …
TheO, they are deal makers and can hardly help themselves in terms of pressing for a tough deal which most amateurs are vulnerable to. On the other hand having 1 or 2 of these people on your team, you being able to utilise their bountiful list of contacts and experience can make the difference between a good concept and success. The best product / service does not win without many other variables being developed. Always remember that Xerox has many times more Patents than just about any other American Corp but it has been weak in commercialising compared to the competition. Caveat emptor.
Principles of Success in 30 mins with Ray Dalio
There are more than 2 million businesses in the United States that are owned by African Americans, but most are small operations with very few employees. However, there are many Black-owned businesses that employ hundreds or thousands of people, and generate annual revenues of $100 million or more – some even generate billions.
Here are 5 of them that you probably never heard of:
#1 – World Wide Technology Inc: Based in Maryland Heights, Missouri, this is a global IT company that serves the technology needs of large public and private organizations. Founded by David L. Steward, this company has long been the largest Black-owned business and has grown to more than $6.7 billion in annual revenue with more than 3,000 employees. Even more, they have more than 2 million square feet of warehousing, distribution and integration space. And yes, they are Black-owned!
#2 – ACT-1 Group: Based in Torrance, California, this company provides staffing, human resources and management solutions to Fortune 500 companies in industries from entertainment to technology, and finance to biotech. Founded by Janice Bryant Howroyd, this company generates more than $2.2 billion a year! Not just Black-owned, also woman-owned!
#3 – The Anderson-Dubose Company: Based in Lordstown, Ohio, this company provides logistics solutions and unparalleled service to the world’s most elite corporations in the quick service industry. Founded by Warren E. Anderson, they have more than 400 employees, and generate more than $540 million in annual revenue. Black-owned – check!
#4 – Global Alliance Automotive: Based in Detroit, Michigan, this company is a global automotive parts supplier. As a worldwide group of independent representation companies, they are an adequate contemporary answer to recent major structural changes within the automotive industry. They pull in about $520 million every year in revenue. Black-owned? Yes, indeed!
#5 – Thompson Hospitality:
Thompson Hospitality is a minority-owned Food Service provider, and one of the largest Retail Food and Facilitie…
Based in Reston, VA, this company is the largest minority-owned food service management company in the country. Founded by Warren M. Thompson, they were recognized in 2010 as “Company of the Year” by Black Enterprise Magazine. They have more than 4,000 employees, and their annual revenues are just shy of $500 million. Again, Black-owned!
Slowly but surely, David, it shall be done. The young people will do it. Like the little engine, my son’s generation think they can.
Progress is being made. Being on the ground here, I feel it. The co-operation of the white man is not necesssary. We have the power. The young people have the attitude.
I see the attitude every day in my son and his friends. And I see the self-belief, the ideas, the dedication and the collaborative spirit between him and his friends. They know they are stronger together and freely assist without thinking. No crab in the barrel mentality.
My son is more disciplined than I ever was and he has Plan A down to Plan Z. One thing not working? He researches why and plans anew. Knock him down, he takes a break and a deep breath, gets up in a short while and goes again. He understands that failure is part of the process.
The boy actually intends to make millions. So do his friends. They see the world as their market.
That is step 1, 2 and 3.
The key is for parents not to crush their children’s dreams and try to force them into white collar box offices.
Forcing square pegs into round holes is the reason why we are mediocre. Too many people are not using their greatest talents, just plodding along on the traditional paths at which they are average. Then they have to fight dirty to defend their position from those more suited for it. Many people are kept out by dirty tricks.
The country suffers for it.
It is obvious as history has shown, the young ones are the change makers.
Get in early. Invest in weed.
If you are looking for a reliable technician, Alvin Herbert is not the person for you. He is not an honest person and he has no work ethics. I am a member of a crowdfunding group with over 200 members – we hired Alvin to build us a new system; the system should have been up and operational in December 2020. To date the system does not work. Here are some of the emails that we sent him.
Please inform us when the glitches will be corrected as well as the request for a hierarchy completed.
As our numbers grow, it is becoming increasingly difficult to maneuver the system. The members are continuously asking when it will be fixed. We want to be able to provide them with a deadline when this will be done.
Please let us know.
We have not heard from you regarding the correction of the glitches that are on the website. What is the deadline by which you will be finished?
We are expecting to launch in Barbados on April 15th and need the system to be up and functioning as it is expected.
Any malfunctioning will not only reflect negatively on us but you as well.
Looking forward to your response.
It is over a month now that I have communicated the errors in the system and the need to have them fixed. Due to your inability to correct these errors it has left me with no choice but to request that you close the project at your end and that you hand over/export to me all files that are part of the project and provide access to the server so that it can be understood how the website was created and worked on as a matter of urgency.
We can no longer continue without a proper functioning system.
This is a major embarrassment and not time for excuses. Our operation is in limbo because of this website. You breached of the contract in December 2020 when you did not deliver the website on time and functioning as required. The contract does not say that if you breached it that you will receive full payment or that I must pay all funds regardless of the outcome.
I see two options available to move forward and end on good terms.
A. That you adjust the price/balance for the work that you have done and send the files and allow access to the server.
B. Deliver the outstanding corrections below by Tuesday April 27th 2021, including the files and whatever else is required to be given to a client.
These are the specifics:
1. Manual Payments are made and after making a payment, a person is to click on the button under actions and it sends a message to the person whom they are paying. That person would in turn click on their arrow under payments to confirm that they have received the payment. This is not working. In addition, we want all payment to be sent to Phoenix now, so admins of Phoenix will do the verifying and not the person whose wallet the funds are meant.
2. After receiving all 5 payments, a person is to move up to the next level and under their profile it should state the new level. That is also not working and even though some persons including myself have received all 5 payments, it is still saying level 1.
3. Since funds are no longer going to individuals until they receive their full payout, we need a wallet for them to show the amount of funds that they have accumulated. At level one and having received all 5 payments their wallet should state $100.00 ect. You agreed to provide this.
4. The default to send payments must be $Phoenix20123. You agreed to do this.
5. The password reset is not working.
6. The rules are empty. You are confirming nothing. We can provide them to insert.
7. I want a hierarchy built so that admins can see where everyone is in the system. I can only see a list of names email address and usernames of those in the system. I do not know who they fall under or what level they are on or if they have received all of their payments or what is outstanding. The hierarchy should be in increments of 5 as well. You agreed to do this.
On completion and receiving the files, I will not have a problem to pay the balance due and we can part this relationship on good terms.
I would appreciate your timely response.
Alvin wanted us to give him an additional $775.00, when we refused he shut the site down and we have nothing. We finally had to call the Barbados government and turn him in. If he were in the USA, I would have reported him to the Attorney General’s office to have work permit revoked.
If you have also been a victim of Alvin Herbert, feel free to reach out and I will let you know what other steps we are taking to assure he does not do this to anyone else.
Five Barbadian startups set for growth: https://barbadostoday.bb/2021/06/03/five-barbadian-startups-set-for-growth/
Entrepreneur launches editing services business: https://barbadostoday.bb/2021/06/09/entrepreneur-launches-editing-services-business/
Pavana Energy Limited,
It is good to see these initiatives Hants. We need to build redundancy in the power supply.
Wine-making from local fruits should be the thrust. We may not be able to do much exporting but we could keep some foreign exchange from escaping. Futhermore, it could be our own Bajan thing rather than foreign.
So many things an industrious people and country should do in this world.
Amanda Reifer gets first Grammy nomination