SOME SMALL BUSINESSES need to be allowed to fail instead of remaining struggling, marginal enterprises.
This is the view of the dean of the Faculty of Social Sciences at the University of the West Indies Cave Hill Campus, Dr Justin Robinson, who was speaking at the launch of a two-year pilot project, the Barbados Small Business Development Centre, at the Grande Salle of the Tom Adams Financial Centre last Friday.
“Some businesses need to fail. If they can’t grow and go to the next level then they need to move out of the programme and make space for the next level coming through because really nobody should want to spend their life in a small, struggling, marginal micro business eking a living,” Robinson said. (HLE)
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