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IAN FERGUSON: How to bridge the divide between work and school and SCJ
The concept of businesses working with schools is certainly not new. Many have reached out through public and private sector-organised initiatives to engage students more meaningfully in the world of enterprise.
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Advertorial: Why life insurance matters in The Bahamas
Many people in The Bahamas would never think to exclude insuring their most valuable possessions. With a climate that is susceptible to hurricanes, most people’s homes are insured.
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GSSSA soccer season begins
WITH most sports returning to the track, court and soccer field after being derailed by the COVID-19 pandemic, the Government Secondary Schools Sports Association (GSSSA) soccer season made its debut.
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Strategies for resolving customer service failure
Dealing with customer service failure is an inevitable part of running a business. It is how you handle these situations that can make all the difference in maintaining customer satisfaction.
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IAN FERGUSON: Business must do its part on Xmas security
As we near the start of the holiday season, there is usually an expectation that the criminal element will increase their activity. While we cannot predict the extent to which crime will increase, we do know that economic pressures, increasing social ills and opportunities through increased tourist activity creates the potential for a perfect storm.
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IAN FERGUSON: Avoiding problems with workplace friendships
Having close friendships in the workplace can be beneficial for employee well-being and productivity. But there are also challenges that can arise when friends work together. These situations, and the potential risks, must be navigated with the utmost sensitivity. It is important to strike a balance between personal connections and professional boundaries to avoid potential conflicts and distractions.
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IAN FERGUSON: The benefits from offering staff meals
Yesterday was perhaps the beginning of the holiday food season. No one underestimates the importance of food in the corporate environment. Employees come to work with food on their mind. They are either walking in with breakfast or stepping out to get it. By 11am they are ordering lunch, and by 3pm planning dinner.
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IAN FERGUSON: Large firms must join Gov't to back MSMEs
It is no secret that micro, small and medium-sized enterprises (MSMEs) play a major role in stimulating economic development in The Bahamas. Both governments and large private enterprises should begin to ask themselves what they can do to encourage the growth of MSMEs, thus enabling them to contribute more significantly to the national economy.
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IAN FERGUSON: Bahamian business must speed up technology use
Business digitisation, although an old topic, is essential to your company’s growth. Every firm's goal is to ultimately increase revenue, attract more new customers and retain existing ones. One of the best ways to leverage technology is to improve your existing infrastructure and automate processes such as e-mail marketing to better suit your target audience.
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IAN FERGUSON: Young entrepreneurs to require these qualities
YOUNG entrepreneurs do not necessarily have a lot of work experience - either because they just graduated from college, or entered the job market for the first time and want to start a new business venture. The encouragement they often receive is to get a job and work towards gaining experience that will later inform their entrepreneurial pursuits. The truth is that an early start on the road to enterprise can also prove beneficial to youth in business.
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IAN FERGUSON: How to boost productivity without micromanagement
With skilled labour in relatively short supply, thus increasing the need for employers to maximise the productivity of each worker, human development strategies are essential to achieving better results. Micromanaging workers has proven dangerous and counter productive in seeking to increase productivity. People work better in comfortable environments where they are held accountable for the results.
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Blacklist escape 'very big deal' for insurance
The Bahamas Insurance Association's (BIA) chairman yesterday said it will be a “very big deal" for the industry and its clients if The Bahamas remains blacklisted by the European Union (EU) beyond October.
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IAN FERGUSON: Ignore succession plan at your peril
In every echelon of our society, we face this common dilemma. Businesses (private and public), religious sects, political parties and civic groups all fail to establish strategic succession plans to secure the future success and viability of their organisations. Business owners, church leaders, politicians and other community leaders often operate with a sense of immortality, thinking that death or separation will not come.
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Fund ‘first’ targeting $100m in five years
A Bahamian investment bank yesterday unveiled ambitions to “make a massive difference” for the economy by growing the country’s ‘first-ever’ private equity fund to $100m within five years.
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IAN FERGUSON: Going the extra mile on same-day delivery
Over time, businesses have changed and redefined the meaning of success. Being successful during today's age of e-commerce requires convenience and immediacy for consumer. One of the lessons from COVID-19 was that companies must do everything in their power to ensure their goods and services are more accessible.
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Bahamians ‘on notice’ over credit delinquency
A Central Bank official has placed Bahamians "on notice" that they will no longer be able to "conceal" existing loan facilities or debt delinquencies when applying to lenders for new credit.
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IAN FERGUSON: Why small businesses must rethink bank loans
Capital is critical to any business, enabling companies to acquire the necessary resources to start up, expand and maintain operations. Access to capital is thus essential for a business to grow and succeed in a competitive market. This becomes critical for small businesses that have limited capital to begin with, yet are competing against medium and larger companies with greater economies of scale.
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EDITORIAL: Enforce the laws to reduce stray dog numbers
THE sight of dogs roaming our streets is a familiar one to us. For Bahamians, we have long been used to seeing potcakes – and other breeds – travelling alone or in packs around our islands. Just because it is familiar does not make it right.
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WITNESS ‘DID NOT SIGN’ CONTRACTS: Cashier tells court signature on papers does not match hers
A KEY witness in the criminal trial of Adrian Gibson and five others claimed she never signed maintenance contracts awarded to a company of which she was a shareholder when court documents allegedly bearing her signature were shown to her in court yesterday.
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Law firm unveils four promotions
A BAHAMIAN law firm has promoted two attorneys to senior associates while confirming another duo as associates after they completed their pupillage.
