Monthly News & Updates

October 2024 Issue

Upcoming GEW Events

MENtality: The Mindset of Entrepreneurship

Tuesday, November 19th

6:00pm - 10:00pm

Finsbury Garden

Learn more

Sports Club Playbook

Wednesday, November 20th

6:00pm - 8:30pm

Warwick Workman's Club

Wave of Opportunity

Thursday, November 21st

5:30pm - 9:00pm

Hamilton Princess - Harbourview Ballroom

Learn more

Cocktails with Creators

Friday, November 22nd

6:00pm - 9:00pm

Learn more

BEDC Business Awards

Saturday, November 23rd

7:00pm - 11:00pm

The Lido Complex,

60 South Shore Road Paget

Learn more

VIEW GEW EVENTS

Bermuda Business Spotlight

This month, we are highlighting Maryem Biadillah, Founder of The Bermudaful Centre of Mindfulness and a participant in our Enterprise Bermuda Incubator program. Maryem’s mindfulness center offers science-based, practical approaches to stress relief through private yoga and weekly online meditation sessions.

The Enterprise Bermuda program, by the Bermuda Economic Development Corporation, supports local entrepreneurs in turning their business ideas into reality.

Learn More About The Bermudaful Centre for Mindfulness!

Did You Know?

BEDC offers a wealth of resources and documents on our website that are invaluable for your business journey.

This months highlight is the Four Compulsory Benefits Document. This document provides a snapshot of the four benefits that entrepreneurs must consider when starting their business and taking on employees - Payroll Tax, Social Insurance, Health Insurance, and Private Pension.

DOWNLOAD

Mind Your Business Podcast

Tune in to find out how to mind your business with BEDC, special guest entrepreneurs, industry experts and more. This month we featured:

Aymori Duncan, Food Justice Forum and Catch of the Day

Laura Ann Bell, TwoFourOne

Tahkeesha Welch, BEDC

Graham Redford & Margaret Chapman, Narrative Research

Jahki Regis, ZipX

WATCH HERE

Book an Appointment

Interested in how BEDC can help you in these challenging times? Want to apply for one of our products? All appointments are completely confidential and complimentary. Book a free consultation with one of our officers today!

BOOK NOW

BEDC How-To Guides

Are you looking to start a business in Bermuda but don't know where to begin? Let our How-To Guides help you! BEDC has curated a host of industry specific guides that outline specific information, requirements and the necessary processes for getting your business off the ground.

LEARN MORE

ByBermuda

Looking to get your business online? Join the ByBermuda virtual market today! It's a unique opportunity to showcase your business online, accept online payments without any cost, and connect with a wider audience. All at no charge to you. Sign up now!

This Month at BEDC / The Highlights

Data Driven Decisions

On October 11th, attendees joined BEDC for a presentation on the Bermuda Omnibus Survey results from Narrative Research (Bermuda) Ltd. The session provided valuable insights into Bermuda’s economic trends and highlighted the role of data-driven decisions in supporting small business growth. Entrepreneurs, business owners, and others interested in Bermuda’s economic future gained a better understanding of emerging opportunities and the importance of using data to drive progress.

DOWNLOAD PRESENTATION

Unlocking Cooperative Success

On October 17th, BEDC held a Lunch & Learn with the Bermuda Credit Union Cooperative (BCU) to celebrate International Credit Union Day. Attendees gained insights into BCU’s unique financial services, including reduced-interest loans and exclusive wealth-building products. The session highlighted how both BEDC and BCU can support financial and entrepreneurial growth, offering practical pathways for individuals and businesses to achieve their financial goals.

DOWNLOAD PRESENTATION

Happening in the Community

City Christmas Window Decorating Contest

The Corporation of Hamilton invites City businesses to enter the 2024 Christmas Window Decorating Contest! Two award categories: “Best Christmas Window” and “People’s Choice.”

Key dates include an application deadline on November 6th, with judging and voting starting December 6th. Winners will be announced on December 17th.

LEARN MORE

BEDC Monthly Product Spotlight

Customs Letter of Credit

BEDC’s Customs Letter of Credit eases import challenges for local retailers by covering duty deferment. This 100% guaranteed line of credit addresses a key gap, as 54% of entrepreneurs cite limited capital as a primary barrier to growth.

LEARN MORE

Tip & Support Articles

Why Entrepreneurs Should Invest in Service, Not Just Sales | Entrepreneur

A customer-first strategy that prioritizes exceptional service, empowers employees and leverages feedback can turn satisfied customers into loyal advocates.

Why Successful Management Depends on Relationship Building | Entrepreneur

You can't effectively manage people if you don't understand them. Here's how to build better working relationships with team members.

www.bedc.bm • (441) 292 - 5570 • info@bedc.bm