cicmc management consulting business symposium
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CICMC CICMC Management Consulting Business SymposiumManagement Consulting Business Symposium
Innovative Demand Side Strategies
Develop and Implement a Strategy for the Sustainability of CICMC
Basil Springerwww.bimventures.com
St. Kitts Marriott Resort30 June 2010
MANAGEMENT CONSULTING SUPPLY SIDE (Services)
Individual
Small Company
Large Company
Local Consortium
Local / Overseas Consortium
Business Development Needs Demand Side (Target Market)
Intra-CaribbeanIndividualsSMEs (Start ups and Emerging Enterprises) Large EnterprisesGovernment MinistriesGovernment Owned CompaniesStatutory CorporationsNGOsAssociationsFunding Agencies
Business Development Needs Demand Side (Target Market)
Extra-Caribbean
Open Market (Private and Public Sectors)
Beneficiary Countries of Caribbean Aid
Innovative Strategies to Enhance the Demand for Management Consultants
Opportunities for the Sustainability of CICMC
1 CBET Shepherding Model™
2 Reverse Donor Country Model
Develop and Implement a Strategy for
the Sustainability of CICMC
1 CBET Shepherding Model™
Visited Boston Visited Boston 23 years AGO (1986) 23 years AGO (1986)
In Search of Venture In Search of Venture Capital KnowledgeCapital Knowledge
Little Private Sector Interest in Little Private Sector Interest in Barbados at that timeBarbados at that time
www.bimventures.com
Caribbean Development BankConsultancy (1988 – 2001)
www.bimventures.com
Innovative Ways Of DiversifyingThe Economies In The Caribbean With Focus On Services Exports
12 Years After Boston…….
Service
sServi
ce
s
Services
The reality:Sunset Industries – the decline of
sugar cane & bananas
Our challenge:Replace with Sunrise Industries.To diversify the economies of the
Caribbean, we need one successful business after another, growing & expanding beyond our borders
www.bimventures.com
Setting
Rising
2001
Caribbean Business Enterprise Initiative (CBEI) emerged with advice from Dr. Grenville Phillips,
Corporate & Finance Consultant
www.bimventures.com
Caribbean Business Enterprise Trust Inc. (CBET)Legally Domiciled In St. Lucia
2001
Baton Passed from CDB
to the Private Sector
for Implementation by CBET
www:cbetmodel.org
www.bimventures.com
A Caribbean Catalyst Turning Concepts
into Commercial Realities
www.bimventures.com
2001
CBET Inc. – Became Operational
2001
www.bimventures.com
CBET emerged as a
Regional Private Sector Led Trust
Supported by
3 Central Banks
5 Commercial Banks
St. Lucia Office of Private Sector Relations (OPSR)
2001 -20062001 -2006Financially Self-sufficientFinancially Self-sufficient
High Impact Growth Strategy Workshops toHigh Impact Growth Strategy Workshops toGenerate New Ideas Through BrainstormingGenerate New Ideas Through Brainstorming
(HIGS) (HIGS)
Strategic Visioning RetreatsStrategic Visioning Retreats(SVR’s)(SVR’s)
Business Plan PreparationBusiness Plan Preparation(BPLANS)(BPLANS)
www.bimventures.com
•
2001-20062001-2006
Business Plans DevelopedBusiness Plans Developed
www.bimventures.com
Over 20 Potentially Viable Global Market Oriented Businesses
Many Sectors
3 Main Smart Partners
www.bimventures.com
www.bimventures.com
www.bimventures.com
uintessential uality uick Queen Elizabeth Hospital
Business Plans Developed in Business Plans Developed in Many SectorsMany Sectors
www.bimventures.com
2001-2006
Board G
ame
Consulting
I T C
Renewable
Energy
Health
Creative Arts
Sport
Comm
unicat
ions
FilmEducation
Agro-Industry
•
2001-20062001-2006
Business Plans DevelopedBusiness Plans Developed
with assistance of with assistance of
3 SMART PARTNERS3 SMART PARTNERS
www.bimventures.com
ATLANTA BARBADOS
Horticultural Business
Solutions Inc.
BARBADOS
4P Group Investment & Financial Services Inc.
www.bimventures.com
Road Block!Road
Block!
No Readily available Investment Finance for Start-up Enterprises
www.bimventures.com
We do not fund start-ups!
Frustrated Entrepreneurs
www.bimventures.com
The First Disaster........
Potentially good ideas never see the light of day.
www.bimventures.com
Another Disaster........
Stymied Economic Growth
www.bimventures.com
Another Disaster........
Road Block Removal Process
www.bimventures.com
Back to the Drawing Board......
2007
The Solution
The CBET Shepherding
ModelTM
Advent........
www.bimventures.com
2007
High failure rate of Start-up Enterprises (80-90% in first 2 years)
www.bimventures.com
Issue :
Shepherding (High success rate – 80%)
Solution :
Sources of Business Ideas with the DNA of an elephant
www.bimventures.com
Issue :
Sunrise Industries
Solution :
Business Development Services Creative Industries (e.g. Film, Music, Fashion, Art) Education
ITC Renewable Energy Health & Wellness Construction
Timely access to Appropriate Finance
www.bimventures.com
Issue :
Seed & Venture Capital Funding
Solution :
The CBET ShepherdingThe CBET Shepherding** Model Model ™™
Entrepreneur
Business ManagementShepherding
Seed and Venture Capital
Funding
A Chain is only as strong as its weakest link
CBET partners with the Entrepreneur on a Journey From Idea Sustainable Business Success
BBECPartnership
*Mentoring – Counseling – Hand Holding – Facilitation – Coordination – Marketing – Financing – Productivity Enhancement
2007
““Shepherding as Collateral” Shepherding as Collateral”
Shepherding protects against the Risk of Business Failure
and hence secures the Seed & Venture Capital
Investment
www.bimventures.com
2008
BBEC - A Smart Partnership
CBET Inc.
Barbados Government
Barbados Private Sector
Foreign Direct Investment
www.bimventures.com
Capitalisation of Seed Capital Revolving and Growth Fund
GovernmentPermanentSubscribed
Capital
Economic Benefits Include:• Employment• Forex Earnings/Savings• Energy Security• Food Security
ManagementBBEC
ShepherdingServices
Protection against
Risk of Failure
BB$
500,000 per year for 3 years
2008/09
2009/10
2010/11
Legal EntityBarbados
Seed Capital Fund(Trust)
Capitalisation of Venture Capital Fund
OFFERING
MEMORANDUM
Investment in Bond Issue backed by a
Government Guarantee
Investor Benefits• Government Guarantee• Exit Strategy - ROI• Enterprise Development • Economic Growth
Barbados Entrepreneurs’
Venture Capital Fund (Limited Partnership)
BVECF – General Partner
Expected
Private Sector and FDI
Investment
BB$
8.75 million
By 2011
Confirmed
Government
Investment
BB$
1.25 million
in 2010
ShepherdingServices
Protection against
Risk of Failure
ManagementBBEC
Barbados ImplementationBarbados ImplementationSeed CapitalSeed Capital
CBET Inc. Barbados Government
Seed Capital Partnership
Rolled outNovember 15, 2008
www.bimventures.com
20082008
CBET Inc. Barbados Government
Private SectorVenture Capital Partnership
Rolled outAugust 2009
(with Government as First Investor)
www.bimventures.com
Barbados ImplementationBarbados ImplementationVenture CapitalVenture Capital
20082008
2010 Pilot Phase
Eight Business Enterprises (1)
Caribbean Streaming Network
Eezee Kricket
The Innoventive Group
Movementunes.com
Pilot PhaseSix Business Enterprises (2)
Manipura Inc.
Went Caribbean Inc.
20102010
studiocaribe.tv
Caribbean Tales WorldwideDistribution Inc.
2010
These first 8 companies are conservatively projected to generate
an average revenue BB$1.0 mn per year per business over the first five years
www.bimventures.com
2010
More than 20Prospective Bimventure
Entrepreneursin the Pipeline
www.bimventures.com
Process for
Prospective Entrepreneurs
Submit EOI Form toBimventures
www.bimventures.com
Process for
Prospective Shepherds
Submit Résumé
Register withBimventures BBEC
www.bimventures.com
www.bimventures.com
Bimventures will soon be inviting
Sophisticated Investors(BB$100K – BB$1mn)
to Invest inThe Barbados Entrepreneurs’
Venture Capital Fund
Process for
Prospective Investors
Request the Venture CapitaI Fund Offering Memorandum
www.bimventures.com
How do we stimulate Economic Growth?
One Successful Enterprise after Another
Bimventures is a Pilot www.bimventures.com
Franchise CBET Shepherding Model™throughout the World
Develop and Implement a Strategy for the Sustainability of CICMC
Develop and Implement a Strategy for the Sustainability of CICMC
Opportunties may abound for Management Consultants
as the
CBET Shepherding Model™
the Global Market Place
Develop and Implement a Strategy for the Sustainability of CICMC
2 Reverse Donor Country Model
Barbados as a Donor Country
Basil Springer Column 28 August 2007
“An Innovative Opportunity”
www.cbetmodel.org (Click on “Weekly Columns”)
CBET Inc. Thanks You
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