The Pan American Development Foundation recently concluded a seven-week business planning and development course which was open to T&T nationals and refugees and migrants as well.
The course, which started in April, provided the 19 participants with business skills, knowledge, and resources.
The course also granted participants access to seed capital funding to support the launch or growth of their small business ventures related to health and fitness, cosmetology, food and beverage, handmade jewellery, and accessories, appliance repair, and event management sectors.
“This business development training and coaching workshop allowed our business to become more innovative, entrepreneurial, and competitive, which can create value and generate high-quality, rewarding opportunities.
Utilizing a business development plan allows us to make tangible progress in sustainability and the success of our business,” said Kevin Pul, course participant.
The course was organised by the Pan American Development Foundation (PADF) together with the UN Refugee Agency (UNHCR) and funded by the European Union (EU) under the “Inclusive Cities, Communities of Solidarity” project.
The course addressed needs and gaps shared by aspiring entrepreneurs, such as the entrepreneurial mindset, value proposition, innovation, financial management, marketing strategies, business communications, and negotiation. Each participant received tailored mentorship to support the development of personalized business plans to guide their analysis of local market conditions and develop feasible, relevant, and sustainable business plans.
Program Manager, Pan American Development Foundation (PADF), Hannah Katwaroo, said, “Creating opportunities that support the start-up and expansion of profitable small business ventures among refugees, migrants, and local community members can positively diversify and transform the local economy.
Throughout the training program, all trainees were eager to design and operate relevant businesses that are responsive to our local communities' needs. Therefore, a great measure of commitment and careful thought was placed into this learning process, and we expect to witness the results of increased business activities, progress, and inclusion among these aspiring entrepreneurs over the next few months.”