Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has urged small businesses to strengthen their systems, improve visibility, and embrace traceability as Guyana’s economy continues its rapid expansion.
She made the call at the opening of the GCCI’s Business Development Forum, held at the Pegusus Suites and Corporate Centre on November 13, in Georgetown. OilNOW is the official media partner of the event.
Smith described the Forum as one of the GCCI’s most impactful initiatives, noting that it creates a valuable space for micro, small and medium-sized enterprises (MSMEs) to learn, network, and grow. “If you ask me about all the programs that GCCI hosts yearly, I will say to you the Business Development Forum is my favorite,” she said. “It was the first program I attended before becoming a member of the GCCI, and it left an impact on me.”
She explained that the Forum was designed to help entrepreneurs access knowledge and funding while fostering connections. Smith highlighted that the Chamber deliberately tailored this year’s event to micro, small and medium-sized enterprises, given their vital role in Guyana’s developing economy. “I want to believe this might be the first time in our history where the private sector actually has to keep up with our economy,” she said.
She called on small business owners to become more structured and professional in their operations. “You have to be traceable. You have to set up a business account. You must have a space of operation. You must hire one or two staff. You must have an online presence,” Smith advised, noting that credibility is essential for accessing financing and partnerships.
The GCCI President emphasized that sustainability and planning are crucial for growth. She cautioned that many small businesses lose opportunities due to poor financial management and a lack of digital visibility. “If they don’t find you, they won’t do business with you,” she said.
Over the two-day event, participants will receive guidance on topics such as financing, diversification, export readiness, and sustainable development. Smith urged attendees to take full advantage of the sessions, describing the Forum as “an investment in your business”.
She also encouraged young professionals and employees to see themselves as future entrepreneurs. “Tell yourself I am in training for my own business one day,” she said.
Smith reminded attendees that Guyana’s transformation demands action. “We have to ensure that we are not spectators in what is happening in our economy,” she said. “As small business owners, you are the champions of growth and development in Guyana.”
