This is a valid point. However, I wonder how easily staff would be able to just "transition" into other areas of government that are understaffed?
Are their skill-sets appropriate? I suspect this may be easily achieved for some of the administrative functions. However, if there are too many...let's say engineers, for example, then where can they be placed?
Truth is, layoffs may be the next best option. Alternatively, they may try to re-train these 'obsolete members of staff', but of course that will come at some additional cost and may not be worth the investment.
I think there's a mistake in this article. It should have read 'per kilowatt hour', as opposed to 'per megawatt hour'. This is in reference to Mr. Miller's estimate of how much electricity costs Bahamians.
10% from tourism = 80,000 people (Tourists) 800,000 -80,000 = 720,000 people (Bahamians)
If your projections are correct, then on average there should be at least 60,000 **Bahamians** (and about 7,000 tourists) visiting this entertainment complex per month....?
I personally like the idea of an IMAX theater. Regardless of the overarching dismal landscape of the film industry currently, I still think there is an appetite for high quality entertainment. However, let's be real with the numbers here guys.
The employed labor force as at May 2016 stood at about 188,000. Of that number, approximately 45,120 people (i.e. 24%) make up your key demographic (i.e. 25-34 years old).
Let's assume at least 70% of these individuals have enough wiggle room (as far as their disposable income is concerned) to afford such luxuries as entertainment on a monthly basis (I'm trying to give you guys the benefit of the doubt here, that number is probably between 40 and 50 percent realistically), then you're left with about 31,000 Bahamian people.
Let's add another 15,000 people to account for the kids who are not a part of the labor force, but are supported by parents who can afford such luxuries in the Bahamas. Now we have about 46,000 people who are likely to be the bulk of your "client base". Let's add another 20,000 people who are north of your target market (i.e. 35+), now we have about 66,000 people.
This number is a rough estimate of your "client base". This doesn't account for a lot of things , for example preferences, location, trends in the industry etc.
Assuming none of these things matter (which they do), then you're target market would **still** have to support you consistently for 12 months out of the year for your projections to be anywhere near the realm of plausibility; especially given the country's current economic back-drop.
Frankly, that's ambitious. So much so, I would venture to say that it's near impossible. I also question how you guys arrived at that number as far as tourists are concerned...
My personal opinion is that you may see these numbers over a 3-5 year time horizon, but to say that this is a viable annual projection as it stands is a tough sell for me.
TheQuant_In_Hiding says...
Listen to me. Bahamians are hilarious.
On Former PM press aide seeks dismissal answers
Posted 6 February 2018, 7:14 a.m. Suggest removal
TheQuant_In_Hiding says...
Ensued**
On Drugs seized after boat pursuit
Posted 10 November 2017, 8:23 a.m. Suggest removal
TheQuant_In_Hiding says...
This is a valid point. However, I wonder how easily staff would be able to just "transition" into other areas of government that are understaffed?
Are their skill-sets appropriate? I suspect this may be easily achieved for some of the administrative functions. However, if there are too many...let's say engineers, for example, then where can they be placed?
Truth is, layoffs may be the next best option. Alternatively, they may try to re-train these 'obsolete members of staff', but of course that will come at some additional cost and may not be worth the investment.
Sticky situation either way.
On PowerSecure targeted $100m in fuel savings
Posted 22 September 2017, 9:24 a.m. Suggest removal
TheQuant_In_Hiding says...
Good. This is the discovery phase.
Now, let's transition into the phase where we draft legislation and policies that would prevent this kind of thing from ever happening again.
On GIFTED MILLIONS: BPL bypassed process to dish out contracts - and guess who got them
Posted 21 September 2017, 11:04 a.m. Suggest removal
TheQuant_In_Hiding says...
I think there's a mistake in this article. It should have read 'per kilowatt hour', as opposed to 'per megawatt hour'. This is in reference to Mr. Miller's estimate of how much electricity costs Bahamians.
On BPL chief’s comments ‘an insult to every Bahamian’
Posted 11 August 2017, 11:25 a.m. Suggest removal
TheQuant_In_Hiding says...
Lol, I am almost positive that no one there even understands the fundamentals of hedging.
This is all fluff.
On BPL boss details strategy to drive down consumer bills
Posted 11 August 2017, 9:36 a.m. Suggest removal
TheQuant_In_Hiding says...
.....ML/TF Regulations.....??
On Christian Council: Line crossed in demand for financial records
Posted 27 July 2017, 9:30 a.m. Suggest removal
TheQuant_In_Hiding says...
The numbers here don't add up.
**800,000 people (annual projection)**
10% from tourism = 80,000 people (Tourists)
800,000 -80,000 = 720,000 people (Bahamians)
If your projections are correct, then on average there should be at least 60,000 **Bahamians** (and about 7,000 tourists) visiting this entertainment complex per month....?
I personally like the idea of an IMAX theater. Regardless of the overarching dismal landscape of the film industry currently, I still think there is an appetite for high quality entertainment. However, let's be real with the numbers here guys.
The employed labor force as at May 2016 stood at about 188,000. Of that number, approximately 45,120 people (i.e. 24%) make up your key demographic (i.e. 25-34 years old).
Let's assume at least 70% of these individuals have enough wiggle room (as far as their disposable income is concerned) to afford such luxuries as entertainment on a monthly basis (I'm trying to give you guys the benefit of the doubt here, that number is probably between 40 and 50 percent realistically), then you're left with about 31,000 Bahamian people.
Let's add another 15,000 people to account for the kids who are not a part of the labor force, but are supported by parents who can afford such luxuries in the Bahamas. Now we have about 46,000 people who are likely to be the bulk of your "client base". Let's add another 20,000 people who are north of your target market (i.e. 35+), now we have about 66,000 people.
This number is a rough estimate of your "client base". This doesn't account for a lot of things , for example preferences, location, trends in the industry etc.
Assuming none of these things matter (which they do), then you're target market would **still** have to support you consistently for 12 months out of the year for your projections to be anywhere near the realm of plausibility; especially given the country's current economic back-drop.
Frankly, that's ambitious. So much so, I would venture to say that it's near impossible. I also question how you guys arrived at that number as far as tourists are concerned...
My personal opinion is that you may see these numbers over a 3-5 year time horizon, but to say that this is a viable annual projection as it stands is a tough sell for me.
On $42m IMAX developer eyes 800k client base
Posted 4 July 2017, 9:48 a.m. Suggest removal