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BEDC Corner with Ondreyah Rochester | |
This month we feature Ondreyah Rochester, MSME Officer.
What advice would you give to someone who is trying to become an entrepreneur? Identifying a clear and viable business idea is crucial, taking the time to research and evaluate factors such as market demand, competition, and potential profitability. A thorough understanding of your offering and target audience is essential, as is a well-developed business plan, which is often overlooked but vital for securing funding and guiding your venture.
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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!
| 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. | | |
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New Startup Payroll Tax Concession | Bermuda's government is offering tax relief to eligible entrepreneurs who establish new startups, exempting them from payroll tax for the first year of business. The aim is to boost job creation and support the establishment of new businesses. The tax relief program is subject to BEDC criteria for qualifying entrepreneurs. | | | |
Upcoming Webinars & Events | |
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Summer Student Entrepreneur Program | The Summer Student Entrepreneur Program (SSEP) is an eight-week program designed to develop young Bermudians into the Island’s next wave of entrepreneurs. Participants ages 16 – 25 will learn practical business skills like, earning revenue, creating a business plan, conducting SWOT analysis, and much more! | | | |
This Month at BEDC / The Highlights | | |
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Financial Statements, Planning & Costing Using Quickbooks | We kicked off our Financial Statements, Planning & Costing Using QuickBooks course with a bang! The eight-week course was designed to equip aspiring entrepreneurs with the essential skills needed to manage their business finances effectively, including cash flow management and QuickBooks setup. By the end of the first week, participants were already on their way to building a solid foundation for financial success. | | |
Happening in the Community | |
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Bermuda Island Games:
Video Game Design Challenge
| Ready, set, game! Join the Bermuda Island Games' second annual Video Game Design Challenge, where they'll help bring your game ideas to life. Don't miss out on this chance to learn, create, and connect with fellow gamers. | | | |
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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. | | | |
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Fresh Air Films: Drive-In Edition is back! Join the City of Hamilton for a free, fun-filled Easter weekend on Saturday, April 8th at City Hall Car Park.
Latest blockbuster movies, surprise guests, giveaways for kids, and food vendors on-site. Gates open at 5:30 PM, admission is free.
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Social Media Basics Bootcamp | Join the Inspired Hub for three days of one-hour sessions as they guide you through the fundamentals of social media. Their bootcamp covers everything from the basics to advanced strategies, equipping you with the skills and knowledge you need to excel in the social media game. | | | |
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BTA+ Courses & Learning Plans | BTA+ is a subsidiary online learning platform for the Bermuda Tourism Authority that delivers industry-related training and educational lessons to inspire individuals and partners with the purpose of strengthening our island’s reputation as a destination of choice. With a new outlook on learning, they aim to provide engaging and informative courses that will assist in developing a knowledgeable workforce. | | | |
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Black Golfers Week Speaker Forum | RSVP for the Black Golfers Week Speaker Forum to celebrate diversity, and honor St. George's native Louis Rafael "Kid" Corbin, the first Black golfer to compete in prestigious tournaments. The Speakers Forum will feature two celebrity speakers discussing their experiences and perspectives on the challenges and successes faced by Black golfers. | | | |
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Get ready to make some unforgettable summer memories with the return of Destination Dockyard! WEDCO has announced that this family-friendly event will be held at The North Lawn in Dockyard startingThursday from May 18th to 9pm.
Enjoy local vendors, artists, and entertainers, while the kids have a blast in the fun castles and food stalls. Don't miss out on the perfect mid-week evening out!
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Taxpert Bermuda is a tax service business for small to medium size business. They provide expert tax preparation, compliance assistance, education, and consulting. And for a limited time, BEDC members can enjoy a 5% discount when filing any quarter. | | | |
February 2023 Advisory Client Meetings & Industry Type | |
54
Number of New Advisory Clients
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21
Number of Existing Advisory Clients
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Top Advisory Client Industry Types | |
19
Wholesale and retail trade and repair service activities
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BEDC Customer Service Survey | |
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At BEDC, we value client feedback and encourage them to take our surveys. Our commitment to delivering exceptional service has paid off, with 93% of respondents rating their experience with BEDC as excellent. This feedback is a testament to the hard work of our team and the effectiveness of our customer feedback initiatives.
Our clients are at the heart of everything we do, and their feedback plays a vital role in shaping our future decisions and strategies. We will continue to listen and respond to our customers' needs to provide the best possible service. Your feedback is invaluable and helps us to improve and deliver even better service in the future.
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How to Manage the New Expectations of the Younger Workforce | Entrepreneur | Opinions expressed by Entrepreneur contributors are their own. Every generation worries about the changing expectations of "kids these days." But the pandemic changed the labor market, and this new generation of young people entered with an advantage - more power and new demands. | | | | |
How AI Can Help Small Businesses Do More in Less Time | Entrepreneur | Opinions expressed by Entrepreneur contributors are their own. Recent developments in generative AI have made it possible to create original content quickly and cost-effectively. Products like ChatGPT, GitHub Copilot and their underlying AI models, such as Stable Diffusion, DALL-E 2 and GPT-3, are bringing technology into a realm once thought to be reserved for humans. | | | | | |
www.bedc.bm • (441) 292 - 5570 • info@bedc.bm | |
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