BusinessGrenada.com Issue: 7 2016 -2017 | Page 88

Construction Construction sourced. Also, a manufacturer’s guarantee gives confidence to a sale, so that should Southern Electrical happen to sell a product that has slipped through the quality control of the maker and has a fault, then Southern Electrical is able to provide the customer with a new item and then arrange a refund or replacement with the manufacturer directly. PHOTO: TONY MCQUILKIN savings, and borrowed all he could, to buy freehold a plot of land off the government. That plot is where the business now proudly stands and prospers in the neat steel-framed building that was bought in the USA, shipped to Grenada, erected, and quickly moved into. Emmanuel Duncan Sr retired towards the end of 2007 and his son, Jr, became the managing director. Emmanuel Sr is still the sole shareholder and drops in occasionally when his advice is needed, but it is his son who has successfully run the business since then. In 2007 there were 12 members of staff yet by early 2015 he had almost doubled this to 20. The shortest tenure of any of these employees is four years, and, furthermore, the longest serving member is Teresa, mentioned earlier, who has worked with the family-run business from the start in 1996, and who has a son who now also works here—that’s a sign of great employee relations and no doubt brings 88 exceptional loyalty and commitment. Since 2007 Emmanuel Jr has also more than tripled the revenue from EC$1.7m to roughly EC$6m. Of this, roughly 22% goes on running costs. About a further 63% goes on the costs incurred in sales, such as the transport and import duties involved in getting the items to Grenada and into the shop. This is so high because Southern Electrical focuses on being a bestvalue business and makes a high turnover that returns a smaller profit on each item, but which sees a greater number of items sold. The well-stocked shop sells everything from small electrical appliances, such as microwaves and blenders, to electrical items for the residential, commercial, and industrial projects on the island. “We also sell www.businessgrenada.com some plumbing-related items, such as PVC fittings”, says Emmanuel Jr, “along with a lot of tools for electricians”. One of the reasons that Southern Electrical is such a five-star enterprise is that it seeks to service the needs of all its customers and will quickly place an order when the required items are not in stock. “There are three aspects of brand dynamism”, Emmanuel Jr explains, which are “best value, expert advice, and quality products”, Every customer deserves and receives a high-quality experience of each of these. Southern Electrical achieves best value by ensuring that its products are competitively priced: management actively strives to ensure that customers can’t buy similar quality products for less in Grenada. As for expert advice, staff members receive complete training and there is always someone available to discuss a customer’s needs, and ensure that the best solution to an electrical problem is provided. Quality is assured by supplying products that have been rated by a standards body in the region from which the product is Southern Electrical is environmentally minded in more ways than one might reasonably expect and does it’s best to reduce the island’s pollution. Emmanuel is very pleased with the stability of the electricity supply and believes that the grid provided by Grenlec is “one of the best I’ve ever seen”. However, he would like to reduce the shop’s carbon footprint and electrical bill by installing a renewable green energy. “Solar is a phenomenal opportunity for us in the Caribbean”, he says, but points out that “the net billing with Grenlec today makes the investment difficult and so you have to build twice the size you need”, and that some level of tax concession is necessary to help him bear what would be a “massive investment for six years, that will benefit my business and in many ways the island as a whole”. Another way it is able to reduce its own carbon footprint is through product development and new product awareness. One obvious energysaving policy that Emmanuel mentions is that his business has ‘converted our airconditioning units to the new invertertype,’ which has ‘saved us about 20%’ Yet another method is by the smart use of modern lighting bulbs. Emmanuel Jr is a passionate advocate of the use of low-energy bulbs, though not the mercury-containing bulbs that pose an environmental disposal hazard. Instead, he recommends LEDs: “our electricity bills have gone down because we’ve invested in LEDs all the way through”. He adds with a smile that these two policies have reduced his electricity bill “from EC$8,000 down to a little over $4,000”. Southern Electrical is so keen on the advantage of the new bulbs that it makes presentations at businesses we visit, to the management, about how they can reduce their costs with our products. He explains that, for his large clients, we arrange deals where we say “we will take payment depending on the difference of your bill. We’ll supply you with the lights and after your next bill you can give us the difference until you’ve paid for the lights and they are yours”. “This way”, he says with confidence, “they can never be out of pocket”. One business that has benefitted f rom LEDs is the Real Value supermarket, which bought 1,000 LEDs and ‘reduced their power for lighting by 50%.’ Many of Grenada’s other retail stores and most of the hotels have also moved to the LED bulbs, all of which will benefit the businesses and Grenada by reducing energy consumption and pollution. chose to come to this shop. He thought for a brief moment and then replied that there was always room to park his car, the staff would help him carry out the larger items, and that whatever he wanted was available: “It’s just grab, phwoom, phwoom, and swoosh I’m gone”, he said—then quickly paid for the items and hurried out of the shop back to his project. As this writer was leaving the store I noticed a busy-looking electrician who was filling his basket with several items from the shelves. I asked the man why he Southern Electrical can be contacted on 473-444-3042 and you can browse the available items by visiting the website at www.segrenada.com/ www.businessgrenada.com www.businessgrenada.com PHOTO: TONY MCQUILKIN BG 89