Scroll
Notification

Will you allow One IBC to send you notifications?

We will only notify the newest and revelant news to you.

A retail business and a service business are two types of businesses that differ in their main source of revenue and the nature of their transactions. A retail business sells tangible goods, such as clothing, food, or electronics, to customers who pay for the products and take ownership of them. A service business provides intangible services, such as accounting, consulting, or cleaning, to clients who pay for the performance of the service and do not acquire any physical assets. In Saint Lucia, a small island nation in the Caribbean, both types of businesses face opportunities and challenges in the market. For example, a retail business can benefit from the tourism sector, which attracts many visitors who spend money on local products (1). However, a retail business also faces competition from imported goods, which may be cheaper or of higher quality than domestic ones(2). A service business can benefit from the growing demand for professional and personal services, especially in urban areas(3). However, a service business also faces difficulties in finding qualified and skilled workers, as well as complying with the regulations and standards of the industry(4). Therefore, when comparing a retail business to a service business in Saint Lucia, one has to consider the different factors that affect their performance and profitability.

Leave us your contact and we will get back to you the soonest!

What the media say about us

About Us

We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.

US