Mark A. Turnquest,MBA
&
Associate Companies





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8 M's OF ENTREPRENEURIAL SUCCESS®

     "Entreprenuer Empowerment Workshop"


 

Next Event:

   SATURDAY NOVEMBER 17, 2018

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        HTTP://8MSOFENTREPRENEURIALSUCCESS.BLOGSPOT.COM


                      


WE CAN HOST THIS EVENT FOR YOU IN 2018


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PAST EVENTS

THEME: DEVELOPING & EXECUTING BUSINESS PLANS 


The entrepreneurial spirit is still alive in The Bahamas. One hundred (100) new entrepreneurs and existing business owners participated in the ENTREPRENEUR EMPOWERMENT WORKSHOP hosted by Mark A. Turnquest and The Small Business Resource Centre on November 07, 2015.

The three main goals of the Small and Medium Size Enterprise (SME) workshop were to: (1) provide information on how to start, manage and grow a business in an effective and efficient manner; (2) enlighten new entrepreneurs and existing SME owners on how to successfully prepare and execute business plans; and (3) provide a national report on the progress of the SME Act, SME Developing Agency (SMEDA) and Online Business Registration and Renewal.

 

Business presenters at the event included:  Z. Timothy Adderley, Team Leader for Client Services at the Department of Inland Revenue; Mr. Peter Bridgewater, President at Open Systems; Ms. Shernell A. Gardiner, Financial Controller at theNational Workers Co-operative Credit Union; Ms. Sherrell Storr,BCCEC.s Small Business Help Desk Administrator; Ms. Lorraine Evans an Insurance Executive at Colina Insurance; and Mr. Sean Brennen, Fund Administrator at Bahamas Entrepreneurial Venture Fund. Mr. Kareem Hanchell, President of SDC Bahamas and Mr. Wayne Johnson, President of Wayne Johnson International; were Masters of Ceremony.

Mr. Turnquest explained all sections of the business planning and execution processes through a breakthrough and innovative business training / consulting model entitled:       8 M’S OF ENTREPRENEURIAL SUCCESS™. This type of business workshop can be presented at Churches, Community Centres and Hotels; and on the Family Islands. For more information call 326-6748 / 427-3640, email:markaturnquest@gmail.com, or log on to www.markturnquestconsulting.com.

 

Business Presenters at at a Entrepreneur Empowerment Workshop 





(Top to Bottom) Mark A. Turnquest, Z. Timothy Adderley, Wayne Johnson, Peter Bridgewater, Sherrell Storr, Sean BrennenShernell A. Gardiner, Kareem Hanchelland  Lorraine Evans

 


THEME: DEVELOPING & EXECUTING BUSINESS PLANS



The entrepreneurial spirit is still alive in The Bahamas. Many new entrepreneurs and existing business owners directly and indirectly participated in the ENTREPRENEUR EMPOWERMENT WORKSHOP hosted by Mark A. Turnquest and The Small Business Resource Centre on November 08, 2014.

The three main goals of the Small and Medium Size Enterprise (SME) workshop were to: 

(1) provide information on how to start, manage and grow a business in an effective and efficient manner;          

(2) enlighten new entrepreneurs and existing SME owners on how tosuccessfully prepare and execute business plans; and 

(3) provide a national report on the importance of the SME Act, SME Developing Agency (SMEDA) and Value Added Tax (VAT).

Business presenters at the event included:  Mr. Simon Wilson, Deputy Financial Secretary at the Ministry of Finance; Mrs. Lateisha Black,Supervisor at the National Workers Co-operative Credit Union; Mr. Terence Bethel, President of Professional Certification Bahamas; Mr. Wayne Johnson,President of Wayne Johnson International; Mrs. Anna Wilson-Smith,Financial Services Executive Agent at Family Guardian Insurance; and Mr. Sean Brennen; Fund Administrator at Bahamas Entrepreneurial Venture Fund. Mr. Kareem Hanchell, President of SDC Bahamas was the Master of Ceremony at the business workshop.

Mr. Turnquest explained all sections of the business planning and execution process through a new and innovative business training / development model entitled: 8 M’S OF ENTREPRENEURIAL SUCCESS. 

This type of business workshop can be presented at any location in New Providence and other Family Islands. For more information CONTACT MARK A.TURNQUEST.

Business Presenters at a Entrepreneur Empowerment Workshop 

  

(L-R) Mr. Simon Wilson, Mrs. Lateisha Black, Mr. Terence Bethel, Mr. Wayne Johnson, Mrs. Anna Wilson-Smith, Mr. Sean Brennen, Mr. Kareem Hanchell (MC) and Mr. Mark A. Turnquest, Workshop’s Host.


 



             

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SMALL BUSINESS

  RESOURCE CENTER



                                             

$250.00 - $350.00 CASH

BUSINESS TRAINING 


$50.00 - $150.00

 BUSINESS CONSULTING


$500.00 - $1,000.00

BUSINESS PLANS 



Mark A. Turnquest & Associate Companies are delighted to introduce a new strategic business unit: The Small Business Resource Centre ( SBRC).

The mission of SBRC is to provide a variety of professional services that would "improve the success (efficiency / effectiveness) rate of new and existing (small / medium sized) businesses" via The Business Survival Program (BSP). BSP main goal is to reduce operating costs / expenses of small / medium sized businesses. SBRC focuses on the following areas.  

 

 

  



                                      

SBRC provides the new Entrepreneur with information on how to start a new venture. SBRC has a library which consists of various books, videos and CD/DVDs on numerous business management topics (Entrepreneurship, Marketing, Leadership, Sales, Customer Service, Accounting, Finance, Human Resource Management, Operations, Information Technology). SBRC has produced a booklet to be used as a guide when starting a new venture: “Steps in Starting a Small / Medium Sized Business in The Bahamas”

 

SBRC assists new and existing businesses with market research initiatives (products, services, customers, competition and industry) and provides relevant data on the effectiveness of various advertising media, based on the type of industry being exploited.

 





                                               

SBRC develops feasibility studies to determine if new ventures could become viable businesses. If the new venture passes the “profitability test” then a business plan will be prepared that articulates the vision of the Entrepreneur. The Entrepreneur will participate significantly in the formulation of all plans.

 

SBRC works closely with executives of existing businesses in order to formulate departmental (Human Resources, Finance, Operations, Marketing and IT strategic and operational plans. Action plans are then designed to be executed in an effective and efficient manner.

 







                                          

SBRC produces business plans to obtain various financing(start-up, reorganizing or growth ) at The Bahamas Entrepreneurial Venture Fund, Bahamas Development Bank (other Government Associates), Commercial Banks, Venture Capitalists, Credit Unions and Financial Investors in order to turn dreams into reality!

 



                 
                   

 

SBRC hosts regular business workshops in Entrepreneurship, Business Management, Marketing, Sales, Customer Service, Accounting, Financial Planning, Human Resource Management and Computer Operations. All of these training programs are registered with the Ministry of Education. The organization has introduced an entrepreneurship course: Starting and Managing a Business in The Bahamas in January 2007 (request for outline). 



                                                  

SBRC has a cadre of professionals (Business Developers, Marketing Experts, Accountants, Financial Planners, Attorneys, Bankers, etc) who understand the market conditions (problems, opportunities) that small / medium sized businesses experience in The Bahamas. These consultants main objectives are to increase organizational revenues, productivity and growth potential; decrease costs / expenses, hence, creating the perfect business model. 





SBRC provides the new Entrepreneur with management, marketing, sales, operations, receptionist and secretarial services at discounted prices. The organization has a Human Resource Management Support System available to develop all businesses. Business executives can also hold board meetings, meet clients and display their product/service offerings at the facility.

Entrepreneurs can purchase core business products / supplies at affordable prices via the Business Survival Program (BSP).

                             


DO YOU WANT A

SMALL BUSINESS ACT?

VIEW BLOG: 

PLEASE READ THE EIGHT (8) ARTICLES BELOW ON THIS SUBJECT:

HTTP://WWW.THEBAHAMASINVESTOR.COM/WP-CONTENT/UPLOADS/2014/09/SME-ACT-2015-FINAL-UPDATE.PDF

HTTP://WWW.TRIBUNE242.COM/NEWS/2014/AUG/28/LONG-LASTING-BENEFITS-PROMISED-BY-SME-ACT/?NEWS

HTTP://WWW.THENASSAUGUARDIAN.COM/BAHAMAS-BUSINESS/40-BAHAMAS-BUSINESS/46811-SMECONSULTANTSMEDAAGENCY-IS-A-MUST


HTTP://THETRIBUNE.WWW.CLIENTS.ELLINGTONCMS.COM/NEWS/2012/NOV/21/LIGHT-AT-TUNNELS-END-ON-SMALL-BUSINESS-ACT/

HTTP://WWW.TRIBUNE242.COM/NEWS/2016/JAN/05/SMALL-BUSINESS-BILL-CLOSE-URGED/

HTTP://WWW.TRIBUNE242.COM/NEWS/2015/OCT/21/SMALL-BUSINESS-CANNOT-WAIT-NATIONAL-PLAN/

HTTP://WWW.TRIBUNE242.COM/NEWS/2014/NOV/27/HARD-PUSH-FOR-SMALL-BUSINESS-BILL-BY-MARCH/

HTTP://WWW.THEBAHAMASINVESTOR.COM/2010/SMALL-BUSINESSES-TO-ACT-AS-ONE/


MY FINAL CONTRIBUTION TO THE VAT DEBATE 


VIEW AUGUST 21, 2014 VAT INTERVIEW ON ZNS 

https://www.youtube.com/watch?v=HHWO4haagms&feature=youtu.be



SMEs  3 Recommendations for VAT Progress 2014




1. VAT training in the future should focus on three different accounting and reporting perspectives:  manufacturing, merchandising and services because all of these organizations have diverse business models.

 

2. There should be a 3 years flat rate of 7.5% or adjust custom duties and excise taxes to offset the increase because many businesses enter fixed contracts normally for 3 years maximum. IF VAT rate increase it may be difficult to renegotiate fixed contacts. My advice to SMEs is to have a clause inserted in all contract that read “prices changes could be made  if VAT increase”

 

3. Government must compliment VAT with aggressive fiscal reform measures like collecting BEC, NIB, property and other outstanding taxes. The government should also reduce and control its expenditure