M- Labs experiences in Bahamas

Nassau, April 12 , 2016 - The Young Americas Business Trust (YABT) together with its partners held a  “Mini Lab for Entrepreneurs,”  on April 7, in Nassau, Bahamas at the Ministry of Youth, Sports and Culture Conference Room Thompson Blvd Nassau, The Bahamas.

This unique program offers an opportunity for young people and Business Labs are experiential learning exercises where young people gain entrepreneurial awareness and skills so they take the first steps in starting a business. This training methodology has been adapted to a condensed but effective one-day sessions where practical tools for young people in the process in business creation are provided. These sessions, the Mini Business Labs create awareness among young people on the steps of generating creative innovative ideas that later can be transformed into real businesses. Facilitators use case studies, exercises, and graphic material to create an Interactive and participative session.

This workshop is organized by YABT with the support of national and international partners such as the Inter American Development Bank (IADB), Ministry of Youth, Sports & Culture of the Bahamas and the Organization of American States (OAS) Bahamas. 

During the opening Mr. Joshua Sears, Board of Director of YABT in his remarks said " I am also delighted to welcome YABT to The Bahamas again and I recall the occasion several years ago when YABT held a similar exercise in collaboration with the Bahamas Development Bank. I have been associated with YABT for many years and I have witnessed the tremendous work they have done and continue to do for our youth in the Caribbean and the Americas".

The participants profiles included artist, IT and small business individuals. One of the participants Ms Ashia Johnson, is a 22 year old entrepreneur and sophomore nursing student at The College of The Bahamas. Her brand is called IslandCrochet242. She creates unique hand-made crochet items. She indicated that while this is far from being a nurse it's something that she loved doing.  Each item is meticulously made and customized to one’s perfect fit.

 "In my daily routine of finding and learning new stitches, I also dedicate ample time to my studies so I don’t fall behind. I know it's a lot! And by this point you're probably thinking how am I possibly doing this? It all comes down to time management. 

Ms. Johnson thought the mini business lab was very helpful and informative. She enjoyed the activities and learned about the components of a business plan and how to effectively pitch a business idea. She is  very interested in  attending future labs.

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About the Young Americas Business Trust

The Young Americas Business Trust (YABT) is an international non-profit organization, founded in 1999, and works in cooperation with the General Secretariat of the Organization of American States (OAS). YABT supports OAS objectives and mandates of the Summit of the Americas, to develop and implement programs and activities that encourage entrepreneurship and leadership among youth in the countries of the Americas - fighting poverty and creating more opportunities for youth. Join the action www.yabt.net