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Small Business Revamped


Tuesday, November 4, 2014 12:10 PM - George's, Grenada
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MONDAY NOVEMBER 3RD, 2014:
Realizing the need for more qualification and “on the job” experience, Small Business trainees under the Ministry of Youth, Sports and Religious Affairs’ Imani Program, will for the first time be placed within various establishments for ‘on the job training’.

This according to Project Officer Alva Renaud, gives them the opportunity to strengthen their business idea, learn direct business techniques and focus on how they will put what they have learnt into practice once their business proposal is approved.

“First of all everyone is gearing towards being qualified in some area or the other, what we would have realized is that persons would have come with business ideas in the past and did not receive any form of training like in the business area. And we consider that critical because persons are starting up their business and have no experience. So we consider that area to be important. That is why we took such steps”.

This Apprenticeship component is expected to last for three months.

It follows a one month workshop from September 8th to October 8th at the Grenada National Stadium; which was a collaborated effort by the Ministry and MAREP (Market Access and Rural Enterprise Development Program)
Renaud indicated that 95% of the trainees have already handed in their business proposals to be evaluated by the Advisory Board. According to him, one concern that the Board had prior to this third batch of trainees was the lack of creativity in the business ideas.

However, he proudly announced that due to a more proactive approach during the workshop, this group of trainees produced better ideas.

“Well the challenges that we faced and often concerns are raised by the same Advisory Board Committee, is basically the ideas that persons come up with. We are concerned because they lack creativity and innovation most of the times; and we find the same old ideas keep on popping up like hairdressing and stores of some sort.

What we tried to do in the class is to create a mindset for the trainees so that we could brainstorm and come up with ideas that are lucrative. So from this batch of trainees we found ideas that were diverse in many areas; which I felt happy about”.

According to the Project Officer once proposals do not meet loan approval requirements, recommendations are made to the trainees; giving them a second chance to make adjustments to secure funding.

In the meantime, the Ministry is in the process of selecting a Support team for the future entrepreneurs. Their role will be to provide whatever support and counseling that may be needed to the trainees after their businesses would have been established. Training for the team will be held Thursday November 6th.

 

 

 

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