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by Rennie Parris In an exciting move, the Government of Guyana has announced that every adult citizen will receive a $100,000 cash grant. While this grant could be spent on immediate needs, it also offers an incredible opportunity for people to pool their resources and build businesses that could lead to long-term financial stability. Imagine […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. Today, we’re going to discuss a topic that’s crucial for entrepreneurs looking to finance their business—loans. Whether you’re starting a business or trying to grow an existing one, securing the right type of loan can make all the difference. In this column, we’ll focus […]
Welcome back to Talking Dollars & Making Sense. Today, we’re tackling a topic that’s critical for entrepreneurs in Guyana who are looking to grow their businesses: small business loans. Whether you’re just starting out or trying to expand, understanding how business loans work is key to making smart financial decisions. We’ll break this down in […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. Today, we’re unraveling the mysteries of the Balance Sheet—a fundamental financial statement that every entrepreneur should understand. Whether you’re starting out or looking to expand your business, grasping the Balance Sheet is crucial for making informed decisions. We’ll use real examples from Demerara Distillers […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. Today, we’re breaking down the Income Statement, a crucial financial document that tells the story of a business’s profitability over time. Whether you’re a season financial professional or a small business owner without a finance background, this column is designed for you. We’ll use […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. If you’re thinking about starting a business or already have one, understanding your financials is one of the most important things you can do. I consistently tell business owners, “if you don’t know your numbers, you don’t know your business.” Unfortunately, I know Guyanese […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. Today, we’re diving into the intricate process of product and service creation, focusing on key concepts like the Minimum Viable Product (MVP), the Zero to 1 sprint, A/B testing, and product management. These strategies are essential for bringing your idea to market and ensuring […]
By Rennie Parris Today, we’re diving into market analysis and crafting a robust marketing and sales strategy, specifically within the dynamic context of Guyana. Whether you’re an emerging entrepreneur or an established business owner, understanding your market and effectively reaching your customers are crucial steps towards sustainable success. Let’s unpack these concepts with examples from […]
By Rennie Parris Today, we’re going to explore how to craft a winning business plan. A solid business plan is your roadmap to success, outlining your strategy and the steps you need to grow your business. Let’s dive in, using Guyanese case studies to illustrate each part. Why a Business Plan Matters A business plan […]
By Rennie Parris Today, we’re exploring the steps to register your business in Guyana, whether you’re starting a sole proprietorship or a corporation. We’ll also cover the importance of becoming compliant with the Guyana Revenue Authority (GRA) and the National Insurance Scheme (NIS), and how the Small Business Bureau (SBB) can assist registered businesses. Understanding […]
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