Monthly News & Updates

February 2023 Issue


Courses & Events

Financial Statements, Planning & Costing Using Quickbooks

March 7, 2023 - June 13, 2023

Sessions Everything Other Week, Tuesdays 6pm-8pm

BEDC Training Room

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Innovate to Differentiate

Thursday, March 30, 2023

5:30pm - 7:30pm

Heritage Hall, 55 Dundonald St, Hamilton, Bermuda

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Bermuda Business Spotlight

This month we want to take a moment to highlight Felica DeRoza of Dayrosia. Felica joined the 5th cohort of the Enterprise Bermuda program, a twelve-month incubation program to support local entrepreneurs and the development of their businesses. Her business, Dayrosia, sells artisan soaps incorporating locally sourced ingredients of Bermuda. Dayrosia is also a massage and Wellness Studio with a primary clientele of men, getting them to focus on their health concerns as they age and helping them to better understand that physical ailments can be due to mental and emotional stresses. 

Learn more about Dayrosia!

BEDC Corner with Greg Maybury

This month we feature Greg Maybury, BEDC Board Member.

What advice would you give to someone who is trying to become an entrepreneur? Do your due diligence and come up with what you believe is a foolproof plan. Where possible, you can then run these ideas by trusted advisors and you should be genuinely open to their feedback.


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!

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. 

Upcoming Webinars & Events

Financial Statements, Planning & Costing Using Quickbooks

Participants will learn the basics of reviewing and understanding financial statements in this eight-week course facilitated by Colina Outerbridge, the Business Data and Policy Analyst at BEDC. Designed for those who already know what business they want to start but need help understanding how to manage cash flow and how to get started with QuickBooks.


Innovate to Differentiate

This seminar will provide attendees with practical strategies for fostering a culture of innovation within their businesses, identifying new and untapped markets, and leveraging emerging technologies to create new value for customers. Participants will learn from real-world local examples of successful businesses that have embraced innovation to differentiate themselves and gain a competitive edge.


This Month at BEDC / The Highlights

Small Business Expo

The BEDC hosted the 1st Annual Small Business Expo aimed at supporting the growth and development of small businesses in Bermuda. The event brought together local entrepreneurs, business owners, and community leaders for a day of networking, learning, and inspiration. The Expo was a resounding success, with a diverse range of vendors and panel discussions to provide valuable resources and information to help small businesses thrive.


Navigating the Path to Incorporation

Attendees joined us for a comprehensive webinar on incorporating your business in Bermuda featuring Janice Gutteridge, Director of Corporate and Commercial Department at CHW; George Outerbridge, Supervisor of Registration at the RoC, and Kalyn Cannonier, Owner of Uplift. They spoke through the process, discussing the benefits, requirements, and steps involved in setting up an incorporated business in Bermuda.


Do you know why the BEDC was started?

In recognition of Black History Month our Executive Director, Erica Smith, participated in a discussion about why the BEDC was started and how we contribute to the development of entrepreneurship and empowerment in Bermuda. Click below to access the full presentation.


Happening in the Community

Chatmore's Spring Fair


Join Chatmore British International School on March 18th for the event of the month!

This is a great opportunity for both new and established businesses! If interested email them at or call 236-3339.

Up D' Country's - Black History Month Art Exhibit

Join in celebrating Black History Month at Up D' Country's art exhibit featuring six phenomenal female artists. Don't miss the opening tonight, Friday, February 24, 2023 from 7pm-9pm at the Willowbank Hotel.

The show runs from Monday, February 27 to Friday, March 3. Let's come together and appreciate the power and beauty of Black art.

Finding Funds for College

Parents of middle and high school students who are trying to find the money for college are reminded to tune in to the next episode of the ‘Finding Funds for College’ on Tuesday (Feb 28) at 6pm.

Featured guest speakers are from the Ministry of Education and Heritage Education Savings. Along with discussions and student awardees who will share their experiences with the scholarship process.


Black History One Love Street Jam

Join the One Love Street Jam, tonight, Tuesday Feb 28th from 6:30 to 9pm.

Entertainment, prizes and giveaways, spin the wheel activities for early comers with live stream on IG & FB!

International Tech Summit 2023

The goal of the Summit is to bring together leaders, regulators, and innovators from around the world to explore the latest breakthroughs in digital assets and blockchain technology.


January 2023 Advisory Client Meetings & Industry Type


Number of New Advisory Clients


Number of Existing Advisory Clients

Top Advisory Client Industry Types


Wholesale and retail trade and repair service activities


Business activities


Community, social and personal service activities

Tip & Support Articles

How to Create a Relationship with Anyone You Meet | Entrepreneur

Opinions expressed by Entrepreneur contributors are their own. As a business owner, one of the most powerful resources you can build is a network. The stronger your relationships with people around you, both inside and outside of your field, the more opportunities you'll have. Life becomes truly powerful when you understand this concept.

Read More

The Benefits of Launching a Business as a Side Hustle | Entrepreneur

Opinions expressed by Entrepreneur contributors are their own. Launching a startup is a challenging but rewarding process that requires a combination of hard work, planning and determination. But consider starting one as a side hustle while maintaining a position to essentially "pay the bills."

Read More • (441) 292 - 5570 •

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