While the slots to join this festival was opened in early November for 60 slots, the Festival attracted participation of 56 small businesses based in Male’ City.
Source: Presidency Mv
Opportunities for small businesses to market and sell their products took a lot of work to find in the past. However, with the development of organisations such as Business Centre Corporation (BCC), these opportunities have become more common, making small businesses a profitable venture for those with unique business ideas.
Though small businesses really took off during the COVID-19 pandemic, when people were left with nothing to do but explore and tap into their creativity, unlike the pandemic, these ideas and small businesses did not die down in two years. Instead, some of the micro-businesses that were started during this tough period have really progressed – and some of them have even become extremely successful international brands that are now well-known within just the short span of two years.
Even in the Maldives, the efforts to help small business owners develop their ideas into profitable business modules have taken off since the pandemic. With the help of the Government and organisations as well as the general public, several small local businesses have established themselves in a short period of time.
One of the biggest reasons for their success, aside from the hard work and marketing that is done by small businesses, is the support they get from Business Centre Corporation (BCC) — a state-owned enterprise that was created in 2017 in order to help provide the support needed by a micro, small and medium-sized enterprise to sustain, scale and grow.
One of the latest efforts by BCC in order to help businesses get a better market and grow was the ‘Vunadhaana Festival’ hosted on the 16th of November 2022 at the Artificial beach in Male’ City. While the slots to join this festival was opened in early November for 60 slots, the Festival attracted the participation from 56 small businesses based in Male’ City.
In addition to giving a platform for small and medium-sized businesses, BCC also took this opportunity to provide the general public with information regarding the services that are provided to them. Such information sessions hosted by the corporation have proved to be a great way to get in touch with small start-ups to take that next step towards marketing and selling their product.
