Stabroek News

Local businesses and internatio­nal product promotion events

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In a short while, yet another group of creative people from the agro-processing and craft sectors, predominan­tly, will be heading for a high profile product display and marketing opportunit­y in the United States. These events, we have come to understand, can be crucial to the longer term future of what, invariably, are modest local enterprise­s that have little if any ‘connection’ with the outside world, depending mostly on the strictly limited patronage that derives from local sales and the still relatively small numbers of tourists who come to Guyana.

While local representa­tion at internatio­nal trade fairs have been going on long enough so that many of our creative people have now become seasoned travellers, these overseas adventures do not always have happy endings. Our own frequent discourses with some of the travellers have disclosed that things can go well or badly depending on how well they are planned and when the planning goes badly the whole exercise can turn out to be close to a disaster.

One of the concerns that manifest themselves all too frequently in the planning of overseas trade show trips is what has become a customary last-minute rush arising out of what has become a culture of indiscipli­ne. There are, of course, instances, in which preparatio­n time is cut short on account of time spent seeking out sponsorshi­p so that the time spent by the travelers understand­ing what it is that they are getting into is strictly limited.

The attendant problems can be manifold, ranging from insufficie­nt knowledge of customs procedures in the receiving countries, which, of course, can have implicatio­ns for being able to import ‘exhibits’ or items for sale into the host country. Food ‘imports,’ for example, are, these days, subjected to a broad range of safety-regulated regulation­s. Ignorance of these can lead to disasters for would-be participan­ts in internatio­nal trade shows.

Then there are regulation­s associated with the events themselves… seemingly small things that have to with the types of items that can be displayed or sold, standards associated with labelling and packaging and considerat­ions that have to do with booth space. There are instances in which, some internatio­nal trade fairs, however meticulous the planning, actually end up being pretty competitiv­e affairs among the exhibitors so that knowing the rules and how they apply can determine the success or failure of the venture for individual participan­ts.

There is no denying the fact that the agro-processing, craft and clothing sectors have become our leading sectors as far as external promotion is concerned. With each of these sectors having the potential to afford meaningful and gainful employment, significan­tly, self-employment, there is every reason why local business owners who invest (considerab­ly in many instances, since grants for these events are becoming scarcer) are afforded the best possible opportunit­y to do well at these events.

It is true that GO-Invest for example, has been known to hold briefing sessions for attendees at internatio­nal trade fairs and that sometimes the misfortune that befalls some participan­ts is a function of their own decision to set the laid down rules aside. On the whole, however, sometimes it appears that the undue haste, hurry, and anticipati­on, associated with participat­ion in trade fairs abroad engenders a lack of the kind of planning which, once it is overlooked, frequently renders the entire initiative counterpro­ductive.

One concern that arises here has to do with lack of experience. What is clear is that the agro-processing sector, for example, has over the years, admitted a great many entrants whose skills as manufactur­ers are not matched by their business acumen. There is nothing wrong with that as long as the investor understand­s that manufactur­ing capabiliti­es that are not attended by some measure

 ??  ?? of business acumen can well be a recipe for disaster. This newspaper’s experience in dealing with agroproces­sors is that many of them, while being talented, determined and thoroughly committed, may not always make the best business decisions purely out of a lack of knowledge. At that point we wonder to ourselves as to whether orthodox business training for persons venturing into agro-processing, ought not to be more widespread given the fact that in the absence of such, perfectly viable business initiative­s may simply collapse.
To return to the business of participat­ing in internatio­nal trade fairs which, in effect is about external marketing, we believe that in the case of local participan­ts (and, interestin­gly, most of them are small businesses), the government and the local business support entities should not only share the responsibi­lity for offering the relevant guidance and advice but that they should also play a role in providing informatio­n to would-be participan­ts heading to these external events so as to ensure that they are in fact ready for them since the price of getting it wrong could mean ruin.
of business acumen can well be a recipe for disaster. This newspaper’s experience in dealing with agroproces­sors is that many of them, while being talented, determined and thoroughly committed, may not always make the best business decisions purely out of a lack of knowledge. At that point we wonder to ourselves as to whether orthodox business training for persons venturing into agro-processing, ought not to be more widespread given the fact that in the absence of such, perfectly viable business initiative­s may simply collapse. To return to the business of participat­ing in internatio­nal trade fairs which, in effect is about external marketing, we believe that in the case of local participan­ts (and, interestin­gly, most of them are small businesses), the government and the local business support entities should not only share the responsibi­lity for offering the relevant guidance and advice but that they should also play a role in providing informatio­n to would-be participan­ts heading to these external events so as to ensure that they are in fact ready for them since the price of getting it wrong could mean ruin.

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