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Barbados Business Catalyst October - December 2010 Vol. 6 #4 PG. 6 When Opportunity Knocks FINPYME Export Plus Table of Contents Editor’s Desk - Trade Shows, Expos & Conferences CEO’s Desk The French Caribbean - the New Opportunity BMA Pushing Ahead for 2011 When Opportunity Knocks, Think Twice When Opportunity Knocks... How the BIDC can help Industries of the Future New Small Business Facility Home and Accessories Show New Export Drivers Benefits to Buy Into Management Entrepreneurs Needed AbusStar Economic Outlook 2011 BBC Notebook BIDC Gets Green Light Ecoscope - A Journey Through Bajan Fauna Tradescope ManuFacts 3 4 5 6 8 10 12 14 15 17 18 20 22 26 27 28 29 30 31 33 34 Disclaimer: Some of the views expressed in this publication are the views of the writers and not necessarily those of the BIDC. © 2010 BIDC. The BARBADOS BUSINESS CATALYST is published quarterly by the Research, Information and Design Services Division of the Barbados Investment & Development Corporation. It offers information and advice on trade and commercial issues to the business community. Information contained herein may be reproduced if accredited to the BIDC. Items of interest to local manufacturers, exporters, entrepreneurs and potential investors are welcome. Editor: Jane Brome, Email: jbrome@bidc.org Editorial Team: Sonja Trotman, Email: strotman@bidc.org Fern Gooding, Email: fgooding@bidc.org Ecoscope Coodinator: Paula Bourne, Email: pbourne@bidc.org Design & Layout: G&A Communications Inc. Cnr. Harts Gaps & Hastings Main Road, Christ Church. Tel: (246) 437-2214; Fax: (246) 228-5204; E-mail: info@gadesign.com.bb Printed By: COT Caribbean Graphics, #16 Newton Industrial Estate, Christ Church. Tel (246) 420 8550 • Fax (246) 420 8555 Email: sales@cot.com.bb PG. 8 PG. 10 The French Caribbean: The New Opportunity BMA Pushes Ahead For 2011 PG. 18 PG. 31 Barbados Furnishings and Accessories On Show A Journey Though Bajan Fauna 4 Barbados Business Catalyst • October - December 2010
Editor’s Desk By Jane L. Brome For entrepreneurs, trends present an incredible world of opportunities. Once they’ve identified a specific trend, then all their imagination and creative ability can go into generating products and services to satisfy the demand which that trend creates. Keeping on top of emerging trends is like having a window into the future where you get to discover today the direction of tomorrow’s consumer demand. For the most part, success in taking advantage of emerging opportunities requires a keen sense of curiosity, along with a determination to understand the opportunity and to follow your nose. Sometimes a smattering of serendipity intervenes to speed the progression along. But the difference between success and failure lies really in recognising an opportunity and seizing it. If you believe in yourself and the possibilities before you, there’s nowhere to go but up. So what are you doing to keep yourself open to possibilities? In this issue we hope to explore some of the options available to take advantage of opportunities emerging in trade, new ventures, and business expansion. We will share with you research findings on the industries of the future and will offer some insight into the benefits and incentives available to persons interested in starting a new venture or expanding their current business portfolio. We will also explore some of the pitfalls to avoid in the pursuit of opportunistic endeavours. We hope you find this issue as intriguing as we did in putting it together. Trade Shows, Expos and Conferences February 25 th - 27 th , 2011, Agrofest The National Agricultural Exhibition, more popularly known as Agrofest, is gearing up to be even bigger and better for 2011. The seven-year-old exhibition will run from Friday, February 25, to Sunday, February 27, 2011 in Queen’s Park, Bridgetown. Agrofest is coordinated and hosted by the Barbados Agricultural Society (BAS). CONTACT: www.basonevoice.org March 13 th - 15 th , 2011, CICA International Conference The Captive Insurance Companies Association (CICA) continues to work to provide the foremost education, networking and leadership for captive and risk retention group professionals. Its annual international conference delivers the latest information from leading industry experts on the factors and trends shaping the captive and risk retention industry, Key players from domiciles all over the world connecting and conducting business, Top industry service providers, including Barbados based professionals showcasing innovation solutions and services in the Exhibit Area and Interactive sessions and dynamic panel presentations exploring real-world solutions and trends. CONTACT: contact@investbarbados.org March 21 st - March 25 th , 2011, BIDC Trade Mission The Barbados Investment & Development Corporation (BIDC) is coordinating a trade mission to some of its key markets with CARICOM. Participating delegates which will be drawn from a cross section of Barbadian manufacturing companies, are expected to visit St. Lucia; St. Vincent; Grenada. The mission is intended not only to showcase Barbados’ product offering but also to explore neighbouring countries as source markets and joint venture partners. CONTACT: bidc@bidc.com April 23 rd - 24 th , 2011, Re-Discover the Caribbean Trade Show Over 100 exhibitors representing 20 Caribbean destinations will showcase all that’s the best in tourism industry during this year’s Re-Discover the Caribbean Show. The event will also highlight which will also showcase the latest in international professional standards is expected to attract a number of buyers. CONTACT: www.rediscoverthecaribbean.com Barbados Business Barbados Catalyst Business • Catalyst October •- April December - June 2010 5
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