About NEDCO
What does NEDCO stand for?
National Entrepreneurship Development Company.
True/False - Someone who is going to start a business is called a "Wantrepreneur"
True
Are entrepreneurs born or made?
Entrepreneurs are created as a result of innate skill, thriving environments, available opportunities.
You have 20 seconds to go like NEDCO's Facebook & IG page
Success!
An individual who undertakes the risk of creating or organizing a business is known as:
A) Business Owner
B) Investor
C) Entrepreneur
D) Director
C
Yes or No.
Should I operate my business from my personal banking account?
No. Using your personal account to conduct business transactions is known as comingling and is considered illegal in Trinidad and Tobago.
Visit website to find branch nearest to you!
Name of Branch Manager
Branch location
Branch Contact
List three businesses which NEDCO does not support
Bars (Purchase of Alcohol)
Primary Agriculture
Gambling
Real Estate
I am good at finding ways to make a few more dollars every month. I am a:
A) Business Owner
B) Jack of All Trades
C) Business Hustler
D) Entrepreneur
C
Turning new and imaginative ideas into reality is referred to as:
1)Creativity
2)Invention
3) Innovation
Creativity.
Innovation : Turning a new concept into commercial success or widespread use.
Invention: Creation of a new idea.
Take a picture in the booth
Post to any SM platform and tag NEDCO ,include our hashtags #NEDCO #TIC2022 #ENTREPRENEURSHIP #SMALLBUSINESS #MICROFINANCING
How many NEDCO branches are there; and where are they located?
Five branches;
Tunapuna/ East
P.O.S/ North
Chaguanas/ Central
San Fernando/ South
Tobago
Which of these is not a hurdle for an Entrepreneur?
1) Time
2) Systems
3) Sleep
4) Leadership
Sleep. There'd be no business without sleep.
When starting a business, is it wise to use your personal savings or should you access financing via a loan?
Both. You should utilize the 80/20 rule. *80% loan financing and 20% equity.
Unscramble the following words (You have 3 minutes):
etuprrreenen
llmas einubsss
rsonptemih
Entrepreneur
Small Business
Mentorship
What is the maximum amount of money a first time borrower can obtain?
What is the maximum amount of money a return borrower can access?
First time borrower $250,000.00
Second time borrower $500,000.00
Where does the business idea begin:
1) Empathize
2) Define
3) Ideate
4) Prototype
5) Test
Answer: Idea generation starts when you empathize with a need.
True/False
A business name must be registered within 14 days of the commencement of operation of the business.
True.
Under Section 7 of the Registration of Business Names Act, a business name must be registered within 14 days of the commencement of operation of the business.
You have 3 minutes to find the following 9 words!
Sustaining. Supporting. Succeeding. Industry. Training. Advisory. Financing. Collateral. Mentorship