Government of the Republic of Trinidad & TobagoGovernment of the Republic of Trinidad & Tobago

Business Advisory

Entrepreneurial Development Packages Form:

Sign up now for your own Customized Entrepreneurial Development Package!
An entrepreneur must have certain skills to successfully run a small business. NEDCO offers these foundation training courses and business advisory support which will provide you with the knowledge and skills you need.

Now is the Time to give your business the boost it needs with NEDCO’s specially discounted Entrepreneurial Development Packages. Choose from our list of Entrepreneurial Training Workshops, Business Advisory and Webinars and select the package that best suits your needs!

A NEDCO representative will contact you to schedule the dates and times of the Entrepreneurial Training Workshops, Business Advisory and Entrepreneurial Webinars.

Start your journey to success today! APPLY NOW for your Entrepreneurial Development Package!
**Payment must be made via LINX or Bank Deposit to complete your application and reserve your place**
**All Entrepreneurial Training Workshops, Business Advisory and Entrepreneurial Webinars will be done online and the dates will be subject to the fulfilment of NEDCO’s minimum attendance requirements**

Table 1: The Services Offered to the General Public:

Service/ Price	Description	Target
One on One Advisories: $150 per person/ session	One (1) hour sessions for quick tips, idea generation, and general support for common daily business issues. One-off or per-need support for potential, new and growing business owners.	General Public- Individuals
Group Advisory Packages: * Growth Collective – 2-5 persons ($140/person) Momentum Mastermind – 6-10 persons ($130/person) Success Synergy –11-15 persons ($120/person) *** Visionary Vault –16-20 (100/person)	Dynamic, two-hour industry-specific think tanks for small businesses, promoting a relaxed, participatory learning environment through shared experiences.	General Public- Groups and Small Business Teams
Business Coaching Packages Beginner - $150.00 per session Elevation- $300.00 for two meetings Advanced-$600.00 up to six sessions **Progressive Coaching- $1,000.00 for six sessions plus onsite coaching.	Individual/general public business owners or potential business owners can access task-oriented guidance to initiate and complete key business activities. Examples of activities supported are Business Registration, Business Plan Writing, Marketing and Sales Campaigns, Financial Management and Cash Flow Proposals, New Idea Generation and Execution.	General Public- Individuals
Entrepreneurial Development Packages: * Starter Package - $400 (1) Entrepreneurial Training Workshop; (1) Business Advisory Session; Lite Package- $800 (2) Entrepreneurial Training Workshops; (1) Business Advisory Session; Advanced Package- $1200 (3) Entrepreneurial Training Workshop; (2) Business Coaching Session; ***Ultimate Package- $1600 (4) Entrepreneurial Training Workshop; (3) Business Coaching Sessions;	A combination of One Day Training and Business Advisory Services. Tailored coaching and essential training support to help new and growing small business owners identify problem areas, implement solutions, and regain momentum for success.	General Public
Mentorship: $16,800 per mentee. Includes $4800.00 per mentee for three months of business mentorship / $12,000 for industry mentorship.	Structured, goal-oriented "hand-holding" guidance through entire business phases. Long-term support, typically 3–18 months, through sponsored funding from corporate and government entities. The sourcing, placement, administration, and monitoring of Industry Mentorship is also currently offered	Corporate Entities and Government Agencies
Presentations: $500 per hour	Customized Presentations & Team-Building Sessions with the focus on tackling business challenges, improving team performance & driving profitability.	Small & Medium Businesses, New SME Owners, Skilled Labourers, and Creative Groups

How Business Advisory is Structured

At NEDCO, we understand that every business journey is unique. That's why our Entrepreneurial Development Business Advisory Services are tailored to meet your specific needs, offering a range of tiers to provide the right level of support and guidance.
Our Tiers:

Tier 1 – Advisory Sessions:
- Quick tips and general support for daily issues.
- Perfect for one-off or per-needs consultations.
Tier 2 – Coaching Sessions:
- Task-oriented support for specific challenges.
- Accessible in two to three focused sessions.
Tier 3 – Mentorship Sessions:
- Goal-oriented support for structured guidance.
- A comprehensive program spanning three to eighteen months.
Tier 4 – Facilitation and Training:
- Topic-based information sessions for groups, fostering interactive learning.

Benefits of NEDCO's Business Advisory Services

See the Blind Spots: Recognize issues and potential solutions you may have overlooked.
Obtain Direction: A compass to ensure you're heading in the right direction.
Unbiased Third-Party Insight: Access to an objective third party for regular check-ins.
Gap Closing Activities: Assistance in closing knowledge gaps.
An Investment in Yourself: The best investment you can make is in yourself.
An Accountability Partner: Ensuring continuous learning, growth, and evolution.
Unlock Your Self-Imposed Limits: Gain insights into self-imposed limitations.
Get Tools and Techniques: Equip yourself with skills and tools for better self-management.
An Avid Listener: Have a thoughtful outlet for processing circumstances or feelings.
Glean Industry Specific Knowledge: Understand industry-specific experiences and gain valuable insights.
Insights: Explore territories beyond your expertise for valuable perspectives.
Help You Navigate Challenges and Meet Goals: Consult with someone who understands your needs and preferences.
Open Your Mind to New Habits and Ideas: Seek support to overcome emotional or mental obstacles.
Focus and Drive: Avoid distractions and maintain focus on your goals.
Work-Life Balance: Learn to balance professional and personal life.
Cultivate Analytical Skills: Sort and analyze data for lead generation and growth.
Accountability and Holistic Ownership: Support and motivation for confident leadership.
Pave the Way for Your Success: Strategize and develop a plan to propel your business forward.
Awareness and Clarity: Realize your progress and accomplishments.
Idea Generation: Gain priceless tactics and ideas for your business.
Case Study and Experience: Learn from successful strategies applicable to your circumstances.
Overall Sustainability: Accelerate development by overcoming obstacles and averting errors.

When is the Best Time to Access NEDCO's Business Advisory Services?

If you resonate with any of the following, NEDCO’s Business Advisory service is for you:

Considering a business idea or two.
Just starting your business.
Seeking clarity and direction.
Foundational components lacking.
Trouble attracting ideal customers.
Experiencing limitations and issues.
Need reliable advice in a sea of opinions.
Launching a business and needing transformative support.
Choosing the best business idea.
Business transitioning between stages.
Seeking impartial evaluation of options.
Simply need to be heard!

We also collaborate with organizations across Trinidad and Tobago to enrich the entrepreneurial ecosystem. Let NEDCO unlock the full potential of your ideas and ventures. Get in touch with us today!

The Process of accessing NEDCO’s Business Advisory Services:
To ensure a seamless and professional experience, NEDCO’s Business Advisory services follow a structured four-step process. This workflow ensures that every client—from individual entrepreneurs to corporate partners—receives timely support and documented guidance.

Step 1: Initial Contact and Inquiry
While Business Advisory services are primarily offered by appointment, clients may initiate a request through any of the following channels:

Digital Messaging: Email training@nedco.gov.tt or send a direct message via NEDCO’s website or official social media platforms.
Telephone: Contact NEDCO’s main office line to speak with a representative.
Official Referral: Submit correspondence from a NEDCO Business Partner or Branch Manager.
Walk-ins: Clients may visit any NEDCO location; however, service is subject to the immediate availability of an Advisor.

Step 2: Registration and Scheduling
Once an inquiry is received, the client will be guided through the intake process:

Response /Documentation: NEDCO will verify the client’s request by email. The client is asked to send additional info or to complete a digital Registration Form or First Contact Sheet. This captures essential demographic data and defines the primary objectives for the advisory session.
Payment Briefing: Detailed payment instructions and service fees will be provided during this correspondence.

Step 3: Payment Verification and Confirmation
NEDCO operates on a pre-payment basis for all advisory services. The appointment is officially secured only after the following requirements are met:

Proof of Payment: Clients must submit their payment receipt via email for verification.
Final Confirmation: Once verified, a Business Advisor will contact the client to finalize the location or provide a secure link for virtual meetings.
Scheduling: Upon submitting proof of payment, NEDCO will notify the client of available dates and times via email or phone.
Partner Projects: For large-scale or collaborative projects, customized payment terms (such as acceptance agreements or staggered installments) may be arranged prior to the project’s commencement.

Accepted Payment Methods:

Linx Available at all five (5) NEDCO branch offices.
Direct Deposit Payable at any First Citizens Bank (FCB): NATIONAL ENTREPRENEURSHIP DEV. CO. LTD Account Number: 1263632
Online Transfer ACH or Wire Transfers (required for international clients): First Citizens Bank: NATIONAL ENTREPRENEURSHIP DEV. CO. LTD Account Number: 1263632
Cheques Accepted primarily for corporate projects and institutional partners.

Step 4: Session Execution and Follow-up
Clients receive a reminder at least 24 hours before their scheduled session. NEDCO adheres to the following session structures:

Individual Advisory: Scheduled for one (1) hour.
Group Coaching: Scheduled for up to two (2) hours on designated days.
Mentorship: Conducted on a customized timeline tailored to the client's needs.
Training/Facilitation: Developed according to the client’s requirements.

BRANCHES

SERVICES

Develop maintenance and planning schedules;

Identify the key competencies of facilities management;

Understand the laws and codes that impact facilities management in Trinidad and Tobago;

Prepare budgets for Facilities Management Projects.

HELP
Steps to Starting Your Business

Do you want to start your own business? This course is for you! You will learn about the important steps to be followed when starting a new business, such as the registration process, etc.
At the end of this training, YOU should be able to:

Understand the skills and attributes needed to be an Entrepreneur;
Understand the different types of businesses;

Understand the steps for starting a business;
Identify the major challenges with starting a business;

Understand the importance of business planning;

Appreciate the factors to be considered when starting a business in Trinidad and Tobago.

Information Technology

This course will teach you how to use the Internet, Microsoft Suite, and other professional platforms for your business.
At the end of this training, YOU should be able to:

Understand the concept of social media;
Understand basic internet research techniques;
Understand the features of email systems and the steps involved in opening and managing an email account;
Set up accounts to maximize your customer reach;
Understand how to use the most important features of Microsoft Word, Excel, and PowerPoint;
Build relationships through online engagement and develop a loyal social media following;
Utilize Microsoft Word to prepare monthly reports;
Utilize Microsoft Excel to prepare a balance sheet, income statement, record inventories, record daily sales expenses, and analyze revenue & expenditure trends;
Use the internet to market your products and services;

Managing Your Workforce

Being able to successfully manage staff is paramount. In this course, you will learn basic Human Resources (HR) practices that you can implement to effectively manage your staff.
At the end of this training, YOU should be able to:

Understand the fundamentals of HR as it relates to recruitment and selection, performance appraisal, remuneration, rewards, promotion, staff discipline, and succession planning;
Understand the legal framework as it relates to NIS and PAYE;
Appreciate the importance of recruiting and retaining the right people.

Business Etiquette and Protocol

Business etiquette and protocol are crucial in maintaining productive relationships with all your stakeholders. By participating in this course, you will learn appropriate guidelines, rules, and protocols to be adopted when conducting business.
At the end of this training, YOU should be able to:

Understand the key aspects of business presentations;
Understand and utilize the appropriate communication methods within the business environment;
Demonstrate suitable protocol and etiquette for the business environment;
Appreciate the importance of business etiquette and protocol to SMEs.

Buying and Stock Control

This course explains the steps to follow when buying and exposes participants to the elements of stock control.
At the end of this training, YOU should be able to:

Design a process that ensures efficiency in your buying techniques;
Create a system to record the stock coming in and going out of your business;
Effectively manage your supply chain.

People and Productivity

This course will expose participants to what productivity is and how they can influence the people in their organization to be highly productive.
At the end of this training, YOU should be able to:

Effectively manage your human capital;
Build a productive workforce;
Manage employees’ complexities;
Boost employee morale;
Build a safe and healthy workforce.

Corporate Governance and Legal Instruments

In this course, participants will understand the legal requirements for owning and operating a limited liability company.
At the end of this training, YOU should be able to:

Understand the importance of recorded meetings and other legal obligations for limited liability companies;
Understand the pros and cons of registering a limited liability company and the registration steps involved;
Understand the legal roles and responsibilities of the Directors and Secretary;
Identify the required forms and documents to be maintained by the company;
Explain the ownership structure of your company, shareholders, and the process of issuing shares;

Competitive Strategy

This course will expose participants to the fundamentals of competitive strategy. It will also assist participants in creating strategies for their business that enhances their competitiveness and positioning in the local or international market.
At the end of this training, YOU should be able to:

Explore strategies for improving competitive strategy;
Understand the Competitive Advantage Strategy Management Process;
Analyze how businesses choose strategies to attain competitive advantage;
Identify gaps in your business strategy;
Develop an action plan for your competitive strategy.

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