Over 78% of the Small Business Bureau’s (SBB) clients who started five years ago, still have successful businesses, which is a record number for the country, head of the SBB Lowell Porter says.
Speaking at a press conference on Tuesday, Porter said that the SBB has completed a survey of a sample of the 10,000 clients in their database from all the administrative regions and this showed great success stories.
“We also had (a) survey of our clients because one of the things that was put out there is that most of the businesses fail in the first two years. I think internationally that is also true… We went around to the beneficiaries and we went to them to find out how their businesses were doing and from that we finalised a report that shows us that 78% of those clients that started five years ago, are still in business and that is a record number for Guyana. I mean, it was never, ever documented so these are the things we feel good about,” Porter said while underscoring that it is important for the SBB to continue keeping track of their clients and the health of their businesses.
