The principles involved in operating a business around carnival time are much the same as those you would have to observe when operating a business on a full-time basis throughout the year. Here are some reminders of the rules to bear in mind:
- Only start a business that you like or have experience in operating successfully.
- Put in place a system for managing your money and keeping records, including a check of your stock.
- Cost and price your products (goods and services) so that you can make a profit and at the same time get them sold.
- Have one person responsible for handling the finances, including receiving money, making change, and paying for purchases.
- Have a safe place where you can keep the cash you receive. Invest in a cash pan with a lock if necessary.
- Deposit money as soon as possible. You do not want to have too much cash lying around at your place of business or on your person.
- If you are operating a food business, make sure you have:
- Your Food Handlers License.
- A reliable supply of running water.
- A refrigerator to keep cold foods cold.
- A warmer to keep hot foods hot.
- Receptacles to store the garbage by your business.
- Prepare food in a sanitary environment.
- Keep your surroundings clean and attractive.
- Do not sell alcoholic beverages without a license.
- Never sell alcoholic beverages to children or minors.
- Do not offer credit for your goods. This is a temporary business, and you might never get paid.
- Do not purchase too many supplies that you cannot return. Try to make arrangements, especially with drinks, to take them on credit and return the unsold quantities after carnival.
- If you are hiring extra help, make sure that they can provide quality customer service.
- Avoid exploiting foreigners because you think they are not familiar with local prices. You want to make money, but try not to do so at the expense of your country.
- If you have borrowed a loan, repay it as soon as possible.
- Observe all the standing and special regulations, such as the "No Bottle Policy," that govern the operation of businesses in St. Vincent and the Grenadines.