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A Brief History Of the Virgin Island by David Johnson of Cane Bay Partners

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Anyone who has ever visited the Virgin Islands has some sense of the evolution of this tropical island chain. Like most islands in the Caribbean the islands were first settled by natives mistakenly called “Indians” by Christopher Columbus. WhenColumbus discovered these islands back in 1493, he called them the Virgin Islands because he sensed they were virginal and ripe for the picking. Some sources use a myth about St. Ursula and her 11,000 virgins as the source for naming the islands. With the Spanish intrusion, slaves were introduced and a lively slave trade conducted.

Diseases the Europeans introduced to the native population wiped out two thirds of the native Indians. A slave rebellion in July 1858 freed the slaves but also restricted labor for the plantations. As a result the islands economy soured and plantation life became a thing of the past. Conditions improved slowly. Three islands in the chain were purchased by the US In 1917 and became the US Virgin Islands. A fourth island was added in the 1990s. Britain possessed seventy islands in the chain and Spain possessed four islands in the chain. The whole Virgin island chain went through a period of depression brought on by natural disasters and changing economies in the late 1800s and early 1900s.

It wasn’t until the mid 1950s that a new tourist industry was developed out of the ashes of lost dreams of gold and prosperity. National Parks dedicated to preserving and restoring the natural beauty of the islands were a big draw. Tourism remains a multi-million dollar industry for the Virgin Islands.

US Virgin Islands

St. Croix celebrates their emancipation from slavery every July 3rd. US History is tied to this island in two ways. Alexander Hamilton, our first Secretary of the Treasury was born here. Many Americans can trace their ancestors here and it gave people of color an ideal for freeing themselves. Black history tours are very popular.

British Virgin Islands

Financial services and offshore companies reign here. Tourism is also a big draw. Most tourists visit Virgin Gorda for its spectacular boulder formation known as “The Baths.” Others may visit St. Kitts which is actually an independent island in the chain.

Spanish Virgin Islands

Actually the two islands named as the Spanish Virgin Islands, Vieques and Culebra are now considered part of Puerto Rico and belong to the US. They came a part of the treaty the US signed with Spain in 1898. These islands are known for their great fishing industries and activities.

 

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Better Service Provider Analysis for Higher Profits

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Your business possibly relies on third party firms for expert services. This is an essential and often unavoidable expense for small companies who cannot hire full time employees for the tasks of accounting, website building, and market analysis. Larger businesses are also moving towards outsourcing to dedicated firms, because of their motivation and greater resources. More businesses are finding it cheaper use third party services sporadically than to hold specialized employees.

Because many independent vendors are available in the current market, finding the most effective is key to controlling expenses. While separate firms do not have to be retained as full time workers, they can be expensive to hire because of their own management and their cost as a professional service. Prices vary widely, and it can be difficult to compare cost and quality.

While few service industries have exchanges to allow an easy comparison of prices, some services are actually designed to analyze other services. This means that a team is expert in understanding the many players in markets and industries and understands the abilities and costs associated with different firms. They understand the fine points of established and prestigious service providers while having an awareness of obscure players who might be able to offer niche products for a better price.

A service provider analysis is similar to hiring a bargain hunter to shop for groceries or office supplies. The different in the case of shopping for service providers is that thousands and sometimes millions of dollars are at stake. The best firms are highly recognized for their experience and defining services, while smaller firms might have a reputation for energy and productivity above their requesting price tag.

A service provider analysis is not a brokerage deal where client and vendor are put in contact; rather it is a discreet examination of companies pitching business-to-business offers. There is often a difference between what a firm advertises and what they deliver, and an analysis is an insider perspective and what the customer is actually buying. Such information can reveal whether or not particular aspects of a provider company are compatible with the needs of your company.

To this end, finding the best quality for the best price is only the first benefit of a service provider analysis. Each firm has its quirks and concentration of experience. Finding a perfect match is the difference between hitting the nail and hitting the board.