Business Promotion - Haiti Observer Blog

Miami Bayside Foundation presents Small business training at no charge. Sharpen your entrepreneurial skills while learning how to prepare to acess capitals. Attend a minimum of 8 out of 10 classes to receive a Certificate of Completion.

Session 1: Understanding your business

Session 2: Establishing your Business

Session 3: Developing your Business Plan

Session 4: Understanding Financial Statements

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The Inter-American Development Bank (IDB) has approved $41 million in grant to complete the construction of Caracol Industrial Park (CIP). IDB will be disbursing $41M for the fifth and last phase of work. Since 2011, IDB has contributed a total of $200.5 million to the project. The $41 million will finance infrastructure within the park and construction of factories. This fund also includes provision to support to SONAPI to monitor and enforce environmental, social, health, and safety rules. The objective of this project is to create 20,000 jobs by 2020.

Kreyol:

BID apwouve $ 41m pou Park Endistriyèl Caracol

Bank Devlopman Entè-Ameriken (BID) te apwouve $ 41 milyon dola nan sibvansyon pou fini konstriksyon nan Park Endistriyèl Caracol (CIP). BID pral debouse $ 41m pou senkyèm ak dènye faz nan travay yo. Depi 2011, BID te kontribye yon total de $ 200.5 milyon dola nan pwojè a. $ 41 milyon dola sa pral finanse enfrastrikti nan pak la ak konstriksyon nan faktori yo. Fon sa a gen ladan tou dispozisyon pou sipòte SONAPI kontwole e fè respekte règ nan anviwònman an, sosyal, sante, ak sekirite. Objektif la nan pwojè sa a se kreye 20,000 djòb avan 2020.

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The location of your business can make or break its entire operation. Many Haitian businesses close down because it is in the wrong location.

Have you ever seen a Haitian business open, whether in the Diaspora or Haiti in a beautiful location and doesn't last three Months? Many time, the investor did not do an analysis of the environment as to who comes her, for what purpose.

In order to help you out, here are some tips about Business location you may want to keep in mind before opening your next business to serve the Haitian public.

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Starting a business is never easy as it requires time, effort, and expertise. As it is the case with many other communities, many start-up Haitian businesses fail even before they reach the first-year mark. Those that managed to operate for more than a year, on the other hand, find it a real challenge to get past the five-year mark. More often than not, most Haitian businesses fail within five years, except for those being kept on life support.

This is my advise to my Haitian friends, if you are planning to open a business, you should know the reasons why entrepreneurs fail in order to avoid the same mistakes. One of the common reasons is the lack of proper planning. Before setting up a business, it is necessary to come up with a plan involving all aspects such as finances, management, location, services and possible problems and solutions.

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