Small businesses in Guyana

By Rawle Lucas On In Business Review |
LUCAS STOCK INDEX The Lucas Stock Index (LSI) rose 1.058 percent during the first period of trading in January 2016. The stocks of four companies were traded with 35,868 shares changing hands. There was one Climber and no Tumblers. The stocks of Demerara Distillers Limited (DDL) rose 8.70 percent on the sale of 22,566 shares. In the meanwhile, the stocks of Banks DIH (DIH), Caribbean Container Inc. and Demerara Tobacco Company (DTC) remained unchanged on the sale of 600; 9,571 and 3,131 shares respectively.
LUCAS STOCK INDEX The Lucas Stock Index (LSI) rose 1.058 percent during the first period of trading in January 2016. The stocks of four companies were traded with 35,868 shares changing hands. There was one Climber and no Tumblers. The stocks of Demerara Distillers Limited (DDL) rose 8.70 percent on the sale of 22,566 shares. In the meanwhile, the stocks of Banks DIH (DIH), Caribbean Container Inc. and Demerara Tobacco Company (DTC) remained unchanged on the sale of 600; 9,571 and 3,131 shares respectively.

Contribution

While small businesses may not generate as much money as large corporations, they are a critical component of, and a major contributor to, the strength of local economies. In many parts of the world, small businesses present new employment opportunities and serve as the building blocks of business pagethe largest corporations. They contribute to local economies by bringing growth and innovation to the community in which the business is established. They also help to stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations. In less developed economies, small businesses are employed in the fight against poverty. This socio-economic role has been given to small businesses in the Guyana economy over the years. A point of interest is whether this strategy has been effective not only in the fight against poverty, but in helping to integrate the economy of Guyana. This article seeks to discuss this issue in light of the apparent proliferation of small businesses in the country and the need to better understand the sector.

Resilient

It is easy to discuss small businesses in a generic sense. They display many features some of which could have meaning for the growth and prosperity of the sector. Factors such as resilience, competition and size are important when