There is a misconception that once a business is making profit, everything is fine! This is far from the truth. If the cash flow position of the firm is negative, it means the business may be in severe trouble. Profit is defined as revenue less expenses and cash flow refers to the actual receipt and…
Companies that are growing and expanding into new markets will face this question at some point in time. Most start-up food businesses do not even consider the implementation of HACCP in the initial stages of their operations. Start-up business owners are at that time generally focused on marketing their business in order to reach potential…
On December 21st, 2015, the Caribbean Industrial Research Institute (CARIRI) and the Intellectual Property Office (IPO) of the Ministry of the Attorney General and Legal Affairs renewed their commitment to formalize and promote collaboration between the agencies via the signing of a Memorandum of Understanding. Held at CARIRI’s Centre for Enterprise Development (CED) in Freeport,…
he euphoria and excitement associated with launching and growing a small business venture are often whittled away by manifold challenges including partnership pitfalls, financial resources, poor problem definition and market misalignment. Other contributory factors include timing, passion without purpose (or vice versa), (unyielding) regulatory context and even a founder’s characterization, risk appetite or personal proclivities.…
