Monthly News & Updates

January 2023 Issue

Bermuda Business Spotlight

This month we want to take a moment to highlight Astoria Smith of Lacquered Lounge. Astoria 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, Lacquered Lounge, aims to become a trendsetter for beauty lounges in Bermuda. Her treatments, installments, and retail have been curated with you and the earth in mind making sure you don’t have to sacrifice your health for your love of beauty.

Learn more about Lacquered Lounge!

BEDC Corner with Ray Lambert

This month we feature Ray Lambert, Director of Micro, Small & Medium Enterprise.

What advice would you give to someone who is trying to become an entrepreneur? Research, Research, Research and then execute. Many people have great ideas, however without the commitment to research and at some point, executing, a great idea is merely just a dream.

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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!

BOOK NOW

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.

LEARN MORE

Upcoming Webinars & Events

Small Business Expo

Join us for the 1st Annual Small Business Expo to take place on Saturday, February 11th from 11am – 4pm.

BEDC is excited to be starting the New Year off with an opportunity to help existing and new entrepreneurs calibrate. The Expo will be held at the Willowbank Resort and will be host to businesses and organisations that provide support services to small businesses.

Learn More

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.

This Month at BEDC / The Highlights

Enterprise Bermuda Accelerator

On Thursday, January 26th we kicked off the first class of the Enterprise Bermuda Accelerator (EBA)! This hands-on program provides the knowledge and know-how business owners need to create (and manage) a customized, three-year strategic growth plan.

We're looking forward to supporting and empowering local businesses to reach new heights of growth and success.

Bookshelf/Hutch For Sale

Bookshelf/Hutch for sale: $250 (shown)

For anyone interested, please contact info@bedc.bm or call 292-5570!

Happening in the Community

Lunch & Learn Session: Opportunities for Entrepreneurs

At Inspired, there are a number of amazing opportunities and they would love to tell you all about them in their 45 minute Lunch & Learn Session!

Between their sister company Island Living magazine and the new Inspired Hub Membership launching in February, there are so many great things available to help YOU in your business.

Learn More!

Understanding Money: A Financial Literacy Workshop

This interactive session will equip attendees to understand and use skills in financial literacy, to manage basic financial resources more effectively, thus enabling financial freedom and security. Facilitated by Angela J Joell.

Email to Register

Level-Up League Membership

What if you could accelerate your new business despite an economic slowdown?

Marketing can be hard at the best of times especially when it's all on you.

Be sure to sign Up for the Level-Up League Membership. As a BEDC Member, you get a special discount code - BEDC100 for the annual membership and BEDC 25 for the monthly plan.

Learn More!

December 2022 Advisory Client Meetings & Industry Type

33 Number of New Advisory Clients

25 Number of Existing Advisory Clients

Top Advisory Client Industry Types

13 Business activities

10 Wholesale and retail trade and repair service activities

6 Hotel & Restaurant

Tip & Support Articles

To Succeed in 2023, Consider These 10 Business Strategies

Opinions expressed by Entrepreneur contributors are their own. As we enter 2023, it's clear that we are entering an altered business paradigm driven as much by new technology represented by electric vehicles and the metaverse as it is by anachronistic conflicts such as the one instigated by the Russian Federation.

5 Things You Must Know and Do Before Writing a Business Plan

Opinions expressed by Entrepreneur contributors are their own. There are many articles about what to include in your business plan. But what about before you even start writing it? Are there things you need to know? Information you need to compile? Things to consider? You bet.

www.bedc.bm • (441) 292 - 5570 • info@bedc.bm