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The Role Of Small Business And The Entrepreneur

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Dax Basdeo
Dax Basdeo

The document discusses the role of small businesses and entrepreneurs in the Cayman Islands economy. It provides statistics showing that over 50% of Cayman Islands businesses are small, employing under 11 people. The government supports small businesses through advice from agencies like the Cayman Islands Investment Bureau and potential funding sources like the Cayman Islands Development Bank and Cayman Angel Investor Network. Entrepreneurs are seen as drivers of economic and social development through innovation and job creation.

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The Role of Small Business and the Entrepreneur in the Cayman Islands Dr. Dax Basdeo Cayman Islands Investment Bureau
Overview ,[object Object],[object Object],[object Object],[object Object]
Entrepreneurship ,[object Object],[object Object],[object Object]
Entrepreneurial Opportunity ,[object Object],[object Object]
The Entrepreneur … ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
… as a driver of economic development ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
… as an agent for social development & environmental protection ,[object Object],[object Object],[object Object]
What is the difference between a small business owner and an entrepreneur? ,[object Object],[object Object],[object Object]
What is a small business? ,[object Object],[object Object],[object Object]
Small businesses are/ involve: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Starting a New Business Business Plans Management Legal Structure Finding Money Success & Failure
Personal Considerations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Personal Considerations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Self Assessment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is a Business Plan? ,[object Object],[object Object],[object Object],[object Object]
Business Plan Importance ,[object Object],[object Object],[object Object]
A few guidelines… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
5 critical questions ,[object Object],[object Object],[object Object],[object Object],[object Object]
Outline of a Business Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Management Team ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Legal Structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Finding Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pitching your business idea ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Protecting your business ideas ,[object Object],[object Object],[object Object],[object Object]
Protecting your business ideas ,[object Object],[object Object],[object Object],[object Object]
Building Lasting Success ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Avoiding Failure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Avoiding Failure (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exit Strategies - harvesting your rewards ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
In what ways can you exit a business? ,[object Object],[object Object],[object Object],[object Object]
Business Stages Startup Emerging growth Maturity Decline or renewal 1 2 4 3
Small Business in Cayman Small Business Needs Survey, 2003: Department of Employment Relations Sister Islands Investment Climate Survey, 2006: Cayman Islands Investment Bureau
Statistics: Small Businesses ,[object Object],[object Object],[object Object],[object Object]
Statistics: Type of Organization
Statistics: Demographic Information ,[object Object],[object Object],[object Object],[object Object]
Statistics: Funding ,[object Object],[object Object]
Support for Small Businesses in Cayman
Gov’t Support for Small Businesses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CIIB : Advice & Counselling ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Funding ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
e: dbasdeo@investcayman.gov.ky t: (345) 244-2268

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The Role Of Small Business And The Entrepreneur

  • 1. The Role of Small Business and the Entrepreneur in the Cayman Islands Dr. Dax Basdeo Cayman Islands Investment Bureau
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  • 11. Starting a New Business Business Plans Management Legal Structure Finding Money Success & Failure
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  • 31. Business Stages Startup Emerging growth Maturity Decline or renewal 1 2 4 3
  • 32. Small Business in Cayman Small Business Needs Survey, 2003: Department of Employment Relations Sister Islands Investment Climate Survey, 2006: Cayman Islands Investment Bureau
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  • 34. Statistics: Type of Organization
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  • 37. Support for Small Businesses in Cayman
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