Marianas Variety

Last updateSat, 18 Aug 2018 2pm

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    Saturday, August 18, 2018-8:41:26P.M.

     

     

     

     

     

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Bank of Guam hosts small business forum

GOVERNMENT officials and members of the business community commended the Bank of Guam for hosting the second Small Business Forum.

Department of Commerce Secretary Mark Rabauliman congratulated Bank of Guam for the success of the event on Thursday and the good turnout.

House Minority Leader Edmund Villagomez said the forum was a good opportunity for people thinking about opening a business.

Click to enlarge
Marianas Variety publisher Laila Y. Boyer smiles as she delivers her remarks.
Tanya Salas of Tahine’s Creations, Matthew Deleon Guerrero of  Hive Analytics and Commerce Secretary Mark Rabauliman.  Photos by Cherrie Anne E. Villahermosa

Businessman Louis Rodgers, owner of  VaprSpot, an electronic cigarette store in Dandan, said the forum  provided opportunities for business owners to learn from business leaders how to increase the sustainability and productivity of their business.

Bank of Guam CEO Joaquin Cook said, despite the bad weather, the turnout was good.

“It’s another indication that business-owners are developing a more positive attitude. More people are interested in growing their business or starting a new business. Maybe they had an idea in the past but the economy was not going in the right direction at the time. But we have a good economy now. As far as BOG is concerned, we’re happy to be here and to assist.”

The forum’s theme was “Small Business, Huge Success” and the speakers were Marianas Variety publisher Laila Y. Boyer and the governor’s consultant, Matthew Deleon Guerrero.

Boyer talked about the history of the island’s oldest newspaper and how it has fared through the years.

To keep one’s business alive, she said, you have to remember “why you have to do it and why you need to continue doing it.”

Boyer praised the islands’ small businesses which she described as being the backbone of the economy.

Deleon Guerrero, owner of  Hive Analytics, an economic research and advising firm, discussed the recent economic history of the CNMI.

He said the time to invest is when the economy is doing well. “The time to repair the roof is when the sun is shining,” he added.

This year’s panelists shared important ideas and recommendations related to running a business successfully: Jamika Taijeron, promotions manager of DFS; Josephine Mesta, director of human resources for Hyatt Regency; Kalistus Rengiil, corporate banking group manager, Bank of Guam; Vanesalyn Villaverde, product development manager, IT&E; and Donna Krum, president of Friends First Marketing Inc.