Tuesday, November 30, 2010

BELIZE- THE EDUCATIONAL DISCONNECT IN BELIZE WITH DEVELOPMENT AND ECONOMICS

EDUCATIONAL DISCONNECT BETWEEN BUILDING AND DEVELOPING THE NATION OF BELIZE AND THE PRODUCT OF OUR UNIVERSITY EDUCATION.

There is a disconnect between the product of our two Universities in Belize and the NEEDS of our society in building a NATION, DEVELOPMENT, and fitting them the realities of how to be entrepreneurs.

There does not seem to be anybody teaching how to form Limited Liability Companies and register same. Nor the intricacies of keeping control of the Board of Directors, when you SELL SHARES to outsiders, or family. There does not seem to be anybody teaching how to raise SHARE VENTURE RISK CAPITAL by using these companies by selling SHARES to others, to get over the START UP EXPERIMENTAL HUMP that is experienced while you figure out, how the problems evolve and how to solve them. START UPs are expensive and for this you need SHARE INVESTMENT capital. Because sometimes you FAIL and other times temporary failures can be overcome, given TIME, EXPERIMENTATION and MONEY to do so. You can be stymied by simple things. Some Customs Broker in the USA that wants a bribe from your import agent in Miami, or Texas or something that you knew nothing about and did not plan for. Thus leaving a customs agent punishment of letting your perishable product spoil on the docks. In losing the first few shipments, the lesson of paying a bribe becomes very expensive for example to a person working on loans. ( it happens )
Nothing is simple until you learn how. It is the job of the Univesities in Belize at this ERA and in this TIME to teach young people wishing to go into business how to start up their business with SHARE CAPITAL and not LOANS.
It is also the responsibility of Universities in Belize to insist on term papers when students in business are doing degrees, to do business plans and do a thorough workup and study on export FISH FINGERS for instance, or ORCHIDS, or NEEM OIL barrels, or anything else. You can be sure the unexpected will happen and it will cost MONEY. To teach these things, our Universities in Belize have to get more practical.

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