Benefits To Young Entrepreneurs
General Manager of the Barbados Youth Business
Trust (BYBT) Marica Brandon is advocating an aggressive push to
boost the local youth entrepreneurship programme.
Friday, December 9, 2005
BASSETERRE, St. Kitts:
The introduction of the Caribbean Single Market and Economy (CSME)
in January 2006, presents a world of opportunity for young
entrepreneurs, according to Marcia Brandon, the general manager of
the Barbados Youth in Business Trust (BYBT) and regional coordinator
of the Caribbean youth in business trust initiative. “I think it’s a
very good thing. I really think it will present a host of
opportunities for young people who are eager enough to grasp them,”
she disclosed. Brandon added that her organization has hosted a
number of seminars in Barbados to keep her clients up-to-date with
“One of the things I keep telling them is that entrepreneurs only
see opportunities where everybody else sees problems. … devise some
great plan, enhance (a product) and go out there and sell it.
Nothing is there stopping young people from doing that.” Barbados
was the first Caribbean country to implement the youth business
brand based on a model conceptualized by the Prince of Wales in the
1980’s, as a solution to cure unemployment ills. The initiative is
also used by 24 other countries including Jamaica, Trinidad and
Tobago, Belize and Guyana.
Ms. Brandon is currently in St. Kitts doing some consultancy
work. She has aggressively advocated a stronger push for more
Caribbean countries to adopt youth entrepreneurship as a viable
means to reduce unemployment.
“I would really love to see all the Caribbean countries embrace
youth entrepreneurship more seriously,” she stressed, quoting
statistics that reveal 300 million youths worldwide want to start a
business, but only 20 percent of them are successful due to
financial and other bureaucratic constraints. “Its businesses that
drive the economy and if we are not having businesses coming on
stream and developing and teaching our young people to think that
way, we’re not going to get very far.”
Senior Youth Officer in the Department of Youth, Dave Connor,
singled out financial institutions and challenged the executives to
offer special concessionary assistance, such as low interest loans,
to young persons wishing to establish businesses.