Small businesses need to involve young people in the intricacies of business, says Senator Dr Ester Byer-Suckoo. Speaking in the Senate today as she supported Government’s resolution to take immediate action to develop and implement a National Policy on Small Business in Barbados.
Byer–Suckoo recounted her childhood visits to Trinidad when her grandmother involved her in the daily happenings of her businesses.
“I think that is something our small businesses need to do in Barbados because so many of our businesses they do not involve the younger generations. The parents may do it but you don’t see the younger ones coming in and being involved with the business and knowing the ins and outs, knowing the clients and helping with the money,” she said.
The minister of labour further stated that when she established her medical practice, she made certain to involve her own children in it.
“As young as they were, they helped me to write up the deposit book so they got a feel for money and a feel for business and knew that this would have been an option for them later on.
“Many young people are hoping to go into business for themselves, which is a good thing because we know that the economic recovery is likely to be a jobless recovery and the only way we are likely to see growth with jobs is if we see an increase in entrepreneurship, and increase in small business development. So we have to encourage, direct and train our young people, in particular, about getting into small business,” said the senator.
“Government is aware of that and they are many policies articulated . . . that will speak to small business development and helping our young to get involved which they are looking into a number of areas: film, information and communication technology, beauty, massage spa therapy, health related services etc., our young people are interested in a wide range of things. So we have to encourage our young people to work for themselves [but] we have to teach them working for one’s self is not a quick way of getting money and you have to teach them from very early that working for yourself is by no means easy,” she said as she noted that her ministry was particularly concerned about youth and employment.