22/10/2024
The greatest challenge I find as a Bahamian businessman is the high cost of doing business.
The Bahamas is highly dependent on imported goods, which increases costs for businesses, especially in industries like retail, manufacturing, and construction. Shipping, customs duties, and taxes further drive up prices. In addition, the high utility costs: electricity, water, and internet costs are considerably high, leading to elevated operational expenses.
We at Lil Sturrup General Store are committed to ongoing personal and business growth through mentorship, networking or training to help offset some of those costs.
One of the most valuable lessons from the Business Blueprint Training Course is the importance of having a clear, actionable plan. A good business plan outlines your goals, target audience, unique value proposition, revenue model, and operational processes. This structure gives you direction and allows you to stay focused, measure progress, and pivot when necessary.
Overall, a well-thought-out plan, paired with continuous learning and adaptability, increases the chances of long-term success.
I highly recommend registering for the upcoming course https://zfrmz.com/XF7n5ZoEk9rXFKmy741S
SBDC Bahamas , , ,
