As required within the jurisdiction of Trinidad and Tobago, individuals or businesses that makes a gross sales value of TT$500,000 or in excess of TT$500,000 in any 12-month period, MUST register for VAT.
Individuals and businesses whose sales forecast is TT$500,000 or more within any 12-month period, MUST also register.
Not everyone is going to like, or want, or even purchase what you’re offering, and that’s quite okay.
Don’t take it personally. (Taken from a past blog we wrote).
There is absolutely no way, everyone is going to like what you do or what you have to say. Not everyone you bounce ideas off will agree and support your decisions. However, as an Entrepreneur, you must know that it is OK!
We recently had a new Entrepreneur who was afraid to show her progress. It was almost like she was ashamed of stepping out for fear of what people would say. We didn’t get it. We didn’t understand why she didn’t want to be celebrated, why she bothered to care what someone would say. After all, she was successful in getting started and she started making money before even launching the business! That certainly was something to celebrate.
In 2017, market challenges affected Foreign Exchange (FX) availability and caused our banks to set limits on foreign exchange transactions. Now once again, those same market conditions have deteriorated and we are back at it.
Read more: Why Local Banks Had to Reduce Card USD Limits - A Simple Outlook
Identity Theft is REAL!
A hacker is raising money under the pretense of another person! Here is her REAL story to date (N.B. some personal details have been left out).
Adapt.
Pivot.
Transition.
Evolve.
All these and more not-so-new words have been added to our business dictionary. Every business now, no doubt, has had to take some unplanned action/s to ensure survival in the next coming months. Businesses that fail to take any action will indeed struggle to get ahead and will die eventually.
Read more: Adapt, Pivot, Transition, Evolve - How Do We Proceed?
Cherise Castle-Blugh is the author of The Timely Entrepreneur Series and the Director of Entrepreneur Services at The Timely Entrepreneur®. She has been working to grow the Trinidad and Tobago Entrepreneurial community, creating resources and events to support entrepreneurs.
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