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Screen_Shot_2014-02-26_at_8.07.38_PMIn this day and era when the world is evolving faster than we can cope with, business owners are constantly looking for new ideas to keep their customers satisfied and their business running. Of course good management is also key when it comes to running a business. Bearing that in mind, Scotia Bank is holding a month of activities across the country in celebration of Small Businesses.

In Corozal Town, a forum to educate business owners was held at the branch office with over a dozen business owners in attendance.

Yvonne Romero. – Business Banking Manager.

“This week was design as small business week and during the course of this week we have had different activities and one of them being the one that we had today which was a presentation to our small business customers who were interested in attending and getting a little bit more information on the cash flow and why it is important for a business and why is it can affect the business, how they can increase their cash flow to have a more stable and profitable business so that is the session we had this afternoon with invitees that we had.”

Victor Castillo – Reporter

“Now will this benefit the different business owners?”

Yvonne Romero. – Business Banking Manager.

“This will assist them in being better prepared knowing a little bit more of what affect their business because cash flow is what keeps the business going and therefore if they don’t know how to manage their cash flow then they can have a business that at the end of the day it might not be generating the profits that they have or even closing down the business if they don’t have that control of their cash flow.”

Gina Gongora, has been running her business for 42 years. For her, today’s forum was mind opening.

Gina Gongora – Gongora’s Bakery.

“How will it benefit, in points that they pointed to us for example we as business people we don’t divide our assets in personal and business but we join them together and I realize that in this presentation they showed us how to divide them.  Another point they brought to us is that how the bank can help and how we can work with government, the bank and our business, they showed point to us that maybe we never noticed or we have seen them but we never emphasize in them.  In this time we are encountering different aspects because of financial situations which I think it is a family business and because it is a family business we need to educate and learn more on how to make it grow and where we are lacking in the expenses and not doing the right thing for the business to grow.”

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