Mark A. Turnquest, MBA Business Centre is delighted to introduce our Entrepreneurship Strategic Business Unit: THE SMALL BIZ RESOURCE CENTRE (SBRC).
The mission of SBRC is to provide a variety of professional services that would "improve the success (efficiency / effectiveness) rate of new and existing (small / medium sized) businesses" via The BUSINESS SURVIVAL PROGRAM (BSP).
The BSP main goal is to reduce operating costs / expenses of small / medium sized businesses.
SBRC focuses on the following areas:
1. INFORMATION & RESEARCH
SBRC provides the new Entrepreneur with information on how to start a new venture. SBRC has a library which consists of various books, videos and CD/DVDs on numerous business management topics (Entrepreneurship, Marketing, Leadership, Sales, Customer Service, Accounting, Finance, Human Resource Management, Operations, Information Technology). SBRC has produced a booklet to be used as a guide when starting a new venture: “Steps in Starting a Small / Medium Sized Business in The Bahamas”.
SBRC assists new and existing businesses with market research initiatives (products, services, customers, competition and industry) and provides relevant data on the effectiveness of various advertising media, based on the type of industry being exploited.
2. BUSINESS PLANNING
SBRC develops feasibility studies to determine if new ventures could become viable businesses. If the new venture passes the “profitability test” then a business plan will be prepared that articulates the vision of the Entrepreneur. The Entrepreneur will participate significantly in the formulation of all plans.
SBRC works closely with executives of existing businesses in order to formulate departmental (Human Resources, Finance, Operations, Marketing and IT strategic and operational plans. Action plans are then designed to be executed in an effective and efficient manner.
3. BUSINESS TRAINING
SBRC hosts regular business workshops in Entrepreneurship, Business Management, Marketing, Sales, Customer Service, Accounting, Financial Planning, Human Resource Management and Computer Operations. All of these training programs are registered with the Ministry of Education. The organization has introduced an entrepreneurship course: Starting and Managing or Growing a Business in The Bahamas: 8’s of Entrepreneurial Success® (request for outline).
4. BUSINESS CONSULTING
SBRC has a cadre of professionals (Business Developers, Marketing Experts, Accountants, Financial Planners, Attorneys, Bankers, etc.) who understand the market conditions (problems, opportunities) that small / medium sized businesses experience in The Bahamas. These consultants’ main objectives are to increase organizational revenues, productivity and growth potential; decrease costs / expenses, hence, creating the perfect business model.
5. BUSINESS SUPPORT
SBRC provides the new Entrepreneur with management, marketing, sales, operations, receptionist and secretarial services at discounted prices. The organization has a Human Resource Management Support System available to develop all businesses. Business executives can also hold board meetings, meet clients and display their product/service offerings at the facility.
Entrepreneurs can purchase core business products / supplies at affordable prices via the Business Survival Program (BSP).
5. ACCESS TO FINANCIAL FUNDING
SBRC produces business plans to obtain various financing(start-up, reorganizing or growth ) at The Bahamas Entrepreneurial Venture Fund, Bahamas Development Bank (other Government Associates), Commercial Banks, Venture Capitalists, Credit Unions and Financial Investors in order to turn dreams into reality! Also the organization can connect businesses to CROWD FUNDING opportunities.
242 SMALL BUSINESS ADVOCACY
Mr. Turnquest was the Lead Organizer of the 242 SMALL BUSINESS SURVIVAL MARCH in September 2020
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