PANAMA

MBS CERTIFICATES:472

MBS CERTIFICATES JR:40

SUCCESS AMBASSADORS:16

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Success Ambassadors

Yorleny Yanisey Villarreal Vargas

Maylin Martinez

Manuela Isabel Vega Rosario

Impact of the MBS Course in Panama

Participants are asked to complete a self-evaluation before and after completing the MBS course. The following report demonstrates the impact of the MBS course based on the evaluation results in Panama.

Agree/Disagree | Before/After

I have my own business. | 4% / 97%

I have a plan to improve my personal life. | 19% / 97%

I serve in my community. | 19% / 89%

I save money regularly. | 18% / 97%

My family spends less than we earn. | 20% / 96%

My family can afford the basic necessities of life. | 37% / 96%

I keep business records. | 25% / 97%

My business has improved because of the MBS course. | 0% / 97%

My income has increased because of the MBS course. | 0% / 97%

Success Stories

Like Crumbs on a Path, MBS Principles Lead to Self-Reliance

Costa Rica. My name is Diego. My story at this point in life lies in seeking and improving the economic situation that I was facing several years ago that included being at the financial limit to meet the basic needs of the home, electricity, water, food, putting my girls in school and also getting my own education; sometimes it included health and work situations. Also another factor is paying for the support of my eldest daughter who did not live with me. Because of this I was looking for an extra income to cope with these types of situations.

Thanks to the MBS Course, She is Now a Successful Entrepreneur

Haiti. Hadassa Homéus: I’ve always wanted to become an entrepreneur, so taking part in the Master Business in Street (MBS) course was the ideal opportunity to launch myself into the entrepreneurial world. Thanks to this course, I now have the necessary skills and knowledge to better manage my business.I learned important principles such as the 6Ps of Business that will enable me to make my business profitable and prosper.

Passion Plus MBS Knowledge Needed for a Profitable Business

Kenya. My name is Simon, and I am an entrepreneur with a passion for sustainability. After finishing my high school education, I worked in various roles that helped me develop essential skills in finance and management. However, I always felt a calling towards creating a business that not only generated profit but also contributed positively to the environment.

This desire led me to start a business focused on reusable bags. I saw a significant opportunity in the market as more people became aware of the environmental impact of single-use plastics. Despite my enthusiasm, I quickly realized that turning a good idea into a successful business required more than just passion. It required structured knowledge, strategic planning, and effective execution. That’s when I discovered the Master of Business in the Streets (MBS) course. The MBS course has been a game-changer for me. Here’s how it has impacted my life: Goal Setting and Achievement: The course taught me the importance of setting measurable, motivating, and specific goals. For instance, instead of a vague goal to “increase sales,” I set a goal to “increase my sales of reusable bags by 5% this month by attending local farmers’ markets.” This clarity helped me focus my efforts and track my progress effectively. Business Planning: Creating a comprehensive business plan was one of the most valuable exercises. I defined the mission, values, and products of my business. This structured approach helped me understand my business better and communicate its value to others. The process of formalizing my business, including setting up a budget and income statements, provided me with a clear financial roadmap. Money Management: The financial management sections of the course were incredibly beneficial. I learned how to create personal and business budgets, maintain an income and expense log, and prepare income statements. These tools have enabled me to keep track of my finances meticulously, ensuring that I am aware of my cash flow and profitability at all times. Community Involvement: The course emphasized the importance of giving back to the community. I organized a community service project, where I provided free reusable bags to local farmers’ markets. This initiative not only benefited the community but also helped build my brand’s reputation. Action Steps and Accountability: Regularly setting and reviewing commitments in areas such as business development, home quality of life, and money management kept me accountable. Reporting on my progress at the beginning of each unit ensured that I stayed on track and made continuous improvements. Profitability and Growth: By focusing on key areas such as marketing, cost management, and product diversification, I have been able to increase my sales and profitability. For example, I introduced new product lines and optimized my advertising strategies, which resulted in higher revenue and customer satisfaction. In summary, the MBS course has provided me with the knowledge, skills, and confidence to take my business to the next level. It has helped me turn my passion into a profitable venture and set me on a path towards sustainable growth. I am now better equipped to handle the challenges of entrepreneurship and am excited about the future of my reusable bags business.