Strengthening Economic Understanding for Entrepreneurs
On the 28th of November, 2023, the Business Support Unit at Invest Turks and Caicos successfully conducted a pivotal financial literacy workshop at Blue Haven Resort, in collaboration with RBC Bahamas Ltd. and CIBC FirstCaribbean. This strategic initiative was aimed at bolstering the financial capabilities of MSME owners by imparting crucial knowledge on financial statement analysis and the significance of thorough record-keeping practices. The event was well-received, drawing participation from both established and aspiring entrepreneurs eager to align their operations with the rigorous standards set by leading banks.
Testimonials and Impactful Outcomes
The workshop was highly acclaimed by participants such as Ms. Shanice Williams of LLS Consulting and Mrs. Nancy Missick-Rolle, CEO of Executive Tours, who commended the relevance and depth of the financial teachings presented. They appreciated the expertise of the facilitators who provided practical advice that could be directly implemented into their business practices. Additionally, the event served as a conduit for participants to learn about various support initiatives available through Invest Turks and Caicos, enhancing their network and support systems.
Future Prospects and Support for Local Businesses
The positive reception of the financial literacy workshop highlights Invest Turks and Caicos’ dedication to nurturing the economic skills of local business owners. These educational workshops are essential for empowering entrepreneurs with the knowledge to effectively manage financial challenges and seize growth opportunities. Invest Turks and Caicos remains committed to this cause, with plans to expand such programs, ensuring that the local business community receives continuous support and education to thrive in a competitive market.