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Demand Solutions


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Do you have a startup that could change the world?

Apply to be selected among the most innovative startups in Latin America and the Caribbean!

This year the IDB will be selecting a group of 15 startups, to participate, from December 1st to the 3rd, 2014, in one of the most innovative events at the IDB in Washington, DC. The goal is to raise awareness and connect innovative solutions, creative ventures from Latin America and the Caribbean to the world.

Selected candidates will:

  • Be exposed to the best disruptive content on innovation, interactive events, hands on workshops, inspiring talks, and find new ideas, connect, share experiences and learn from peers;
  • Present their startups to the audience of DEMAND SOLUTIONS, including investors, executives, journalists, industry references, university students and prospective partners. They will also be evaluated by a panel of expert judges;
  • Work two days under the modality “Fly Garage” a Mondelez International innovation incubator, to be part of a social, collaborative and creative experiment for their startups;
  • Be awarded a round trip airline ticket from their home country to Washington, D.C., lodging, and a stipend for food and local transportation. It is expected that selected innovators commit to participate in all the activities of the program prior to and after the event.

Qualifications:

Continue reading “Demand Solutions”


UB E-Bulletin

UB E-Bulletin

Invest Belize Magazine 2014


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http://www.belizeinvest.org.bz/invest-belize-magazine-2014/

The 7 Deadly Financial Sins of Small Businesses


The 7 Deadly Financial Sins of Small Businesses

This year’s tax season has finally been put to bed. And many people — both small-business owners and consumers — are breathing a collective sigh of relief. However, there is a fundamental difference between business and personal finances when it comes to taxes. While the “average Joe” may not have to worry about taxes again until next year, “Joe the small-business owner” needs to start thinking about his next quarterly tax filing now. Yes, for the small business owner, the taxman cometh four times a year.

While this is bound to cause anxiety, it doesn’t have to be overwhelming. With proper planning and the right financial tools, many business owners can approach each filing with confidence.

For the entrepreneur who has achieved this, I applaud you. And for the rest, to start you off on the right track for next year I’ve flagged seven financial faux pas that are commonly overlooked by small businesses.

1. Not keeping financial records up-to-date. This is the number-one mistake small-business owners make and also the most important to remedy. While it seems logical to keep records accurate, it is easier said than done. No one wants to pour over accounts payable, receivables and cashflow at the end of a long day, which is why this important part of the business is often overlooked.

One way to help manage this is to employ financial tools that do the work for you. The cloud has opened up a myriad of applications that can “speak to one another” and automate backend services. Additionally, the anytime, anywhere ability of cloud computing and smartphones makes it so you can update your books on the go.

2. Skipping the annual budgeting and financial forecasting. If you don’t have something to measure against, how will you know if you are on track? Data is knowledge, so create a simple plan based on your business insights and knowledge of market trends to forecast ahead and plan accordingly.

3. Not meeting with an accounting professional regularly.  Remove some of the burden by working regularly with an accounting professional and use their expertise to your benefit. Indeed, a recent survey of 400 accountants by analytics company Zogby, found 65 percent recommend business owners meet with their accounting counterpart at least once per month to maintain good financial standing. (The study was commissioned by Xero.)

4. Misclassification of employees. This issue is becoming increasingly important as more businesses outsource jobs to contractors. It is also something the IRS has been paying close attention to, so be cautious! Misclassification can result in big fines and government scrutiny. Play it safe and classify accordingly. Continue reading “The 7 Deadly Financial Sins of Small Businesses”

BELTRAIDE PARTNERS WITH DFC TO ASSIST MSME’S TO ACCESS CREDIT


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April 9, 2014- On the 9th of April, the Development Finance Corporation (DFC), and the key investment promotion agency, Belize Trade and Investment Development Service (BELTRAIDE), signed a Memorandum of Understanding (MOU) to benefit local Micro, Small and Medium-Sized Enterprises (MSMEs) in the areas of credit facilitation and credit management.

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DFC, the country’s premier development financing institution, currently offers and manages a series of productive sector credit programs geared toward the MSME sector in Belize. BELTRAIDE, through its Small Business Development Centre Belize (SBDCBelize), will be providing much needed long-term technical assistance through the advice and training to entrepreneurs and MSMEs, who intend to access credit through the DFC, to systematically improve their access to funding and develop their business acumen. It is greatly expected that in working with these clients, SBDCBelize will increase their potential to access credit from the DFC and also lower the lending risks for DFC, for this particular sector. This collaboration is expected to better connect our clients to much needed start-up or expansion capital and better prepare them to actively participate in a competitive environment. In addition to assisting new clients, the collaboration will also benefit existing clients of the DFC who may want to enhance their business management practices.

The signing of the MOU was held on Wednesday April 9th, 2014 at the Development Finance Corporation Headquarters Office, in Belmopan, between both parties. It is one of several initiatives being taken by both institutions to support small and medium size business development in the country.

 

Interested persons are asked to contact any of the DFC’s Offices countrywide or BELTRIADE Office.

 

For more information, please feel free to contact us:

Belize Trade and Investment Development Service (BELTRAIDE)

14 Orchid Garden St., City of Belmopan, Cayo District, Belize

Telephone: 501-822-3737 or 501-822-0175

Email: beltraide@belizeinvest.org.bz

publicrelations@belizeinvest.org.bz                                    

Facebook: www.facebook.com/beltraide

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