WHEN Luther Stanislaus decided to quit his job of 12 years at Courts St. Lucia to go into business on his own he took a gamble. Not only could the business fold up if it failed to attract clients but the loan he took as seed money to start up the business, could have plunged him into financial problems since he would have been unable to service it.
But none of this occurred, thankfully, because the business happened to be one that quickly built a client base which recognized the usefulness of the services that he renders.
Protector Security Systems is the name of the business and like the name suggests security systems is its speciality such as burglar alarm systems and access control systems.
“The idea for that type of business venture fell into my lap, literally. I was building my house when I decided that I needed to equip it with a security system. I installed the system myself being a technician by profession. My dad who is a builder told the person he was working for that I had equipped my house with a security system. The person wanted one. I searched around online, called a company that specializes in security systems and ordered two systems. The company said that my order was too small and referred me to a supplier in Venezuela.
“That supplier asked me if I wanted to go into business. I needed at least $20,000 to get started. I spoke to Belfund and the NRDF (National Research and Development Foundation). Belfund told me they could not help me because I was employed. They deal with unemployed persons. I was working at Courts St. Lucia then.
“NRDF advised me to present them with a business plan which I did. I received the loan from them. Since then there has been no turning back,” Stanislaus said.
Protector Security Systems has been in operation for the past 10 years and despite an increase in its prices for the services it renders, due entirely to the introduction of the value added tax, according to Stanislaus, it has managed to keep its head above water to the extent that it has a staff complement of four.
“The advent of VAT caused a strain on my business in that it caused prices to go up but I’m holding on,” Stanislaus said.
His future plans entail the expansion of his business and adding yet another security system to his portfolio, which has to do with the tracking of items. But this is all in the future. His immediate concentration is to train two new members of staff now on his team. His business can grow much quicker with trained personnel on board.