Eran’s European Endeavour: Senior VP of ESBA
Eran Shay’s journey is emblematic of the modern entrepreneur. A self-confessed ‘out-of-the-box’ thinker, he swapped a successful corporate career and a senior role at Deloitte to pursue his own projects and business opportunities. Since then, Eran has founded two successful businesses, Benefit Business Solutions and Gibraltar Pass and is President of the Gibraltar-Israel Chamber of Commerce (Gibrael). A true business champion, Eran has served on the Board of the Gibraltar Federation of Small Businesses (GFSB) for the last seven years. In addition, he was recently elected Senior Vice President of the European Small Business Alliance. I was lucky enough to spend time with him to learn more…
“I joined the GFSB as I believe much more innovation needs to be brought to Gibraltar”, starts Eran. “In my opinion, it reflects the characteristics of small businesses; it is agile, results-driven, forward-looking and has lots of initiative – it’s an exciting network to be part of.” He sees the organisation as the ideal platform to introduce much-needed innovation to Gibraltar. As part of his diverse, unremunerated role on the GFSB’s Board, Eran oversees its annual Innovation Awards, “Only by being part of influential organisations like the GFSB can you bring about the changes required to encourage innovation.”
Far-reaching network
Before asking about his recent appointment to the ESBA Board, I wanted to know more about the organisation itself, “Since being founded in 1988, ESBA has been an incubator for groundbreaking projects that address the unique challenges facing small and micro businesses across Europe. From steering the WEgate platform that empowers women entrepreneurs, to playing an ongoing role in Early Warning Europe aimed at crisis management during the pandemic, ESBA has consistently been at the forefront of change.” Says Eran, “I’ve been involved with ESBA since 2019. Today, it represents almost one million small businesses and covers 36 European countries, Turkey, and Israel. In a way, ESBA could be seen as the umbrella organisation for many national and sector-specific Small Business Federations.”
Speaking of his appointment, Eran said “I am delighted to have been elected as ESBA Senior Vice-President. It is an honour to be appointed to this role in a year in which ESBA is celebrating its 25th Anniversary. I look forward to working with the ESBA Board to continue delivering value for our members and hope to meet more of our members this coming year.” For his part, David Caro, ESBA President said, “We have had a long association with Eran and I am delighted he has joined the Board in this important role”.
Access to EU decision-makers
Gibraltar is no longer a member of the European Union so I wanted to understand what real-term benefits come with being a member of ESBA. “First, it is important to mention that the GFSB is a founding member of the ESBA. It is actually the only remaining founding member of ESBA and has built a strong relationship during this time. The fact that ESBA held its 25th Anniversary Board meeting in Gibraltar is a testament to this bond.” Speaking of why this link to the EU is essential, Eran continues, “Being such a small nation, it is important for the GFSB and Gibraltar in general to have access to top decision-makers at the Pan-European level. This helps us better understand how certain things are done in other European countries, get insights to possible solutions to challenges we face here, and be able to tap into a much greater pool of resources and networks through other member organisations.”
For Eran, his vision for his tenure as Senior VP is clear. “I’ve been involved with ESBA since 2019, but COVID has meant that many ideas and projects we had in mind, had to take a back seat while ESBA was assisting its members in surviving these challenging times. I hope that now, post-COVID, we will be able to progress on some of those initiatives and hold more social events to meet our members.”
OTHER
As the CEO of a specialist security business called Paladin Defence and close protection operative/ private security contractor, I have experienced security threats of all types since 1990. From opportunistic personal attacks to targeted organised commercial crime, I feel there is a lot more we should be doing to defend and protect ourselves. Understandably, Gibraltar is considered to have a relatively low crime rate; but what are the realistic threats and risks to small businesses in our corner of the Mediterranean?
Technology is having a major effect on every aspect of our lives, and the retail environment is not immune to these changes. Not only has online shopping revolutionised the way we think about buying and consuming, but it has also dramatically changed how we shop in physical stores.
Forget everything you know about online shopping—eCommerce is evolving fast. While giants like Amazon and eBay once ruled, a new wave of platforms such as TikTok Shop, Shein, and Temu are reshaping the industry. But beneath the flashy deals and viral trends lies a growing conversation about sustainability, waste, and the hidden costs of convenience.
Introducing the Thrive Catalog - A curated collection of goodies selected by our editorial team each quarter. Everything featured is available right here, right now at prices that are better than or compete with the internet.
The world of work is undergoing a significant transformation, driven by the accelerating capabilities of Generative AI. While robots taking over our jobs might be a sci-fi trope, AI’s ability to learn, create, and automate tasks is undeniably impacting various industries. Generative AI is the umbrella term used to describe the type of AI that can create new content and ideas. This can include text, images, music, code and other types of content. We are now seeing how powerful this tool can be. But is this a threat or a powerful tool waiting to be harnessed? We set out to find out, what does the use of Generative AI look like in Gibraltar?
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Stepping into a leadership role can be exciting. It’s a chance to shape the future and lead a team to success. But with a leadership role comes a new level of responsibility. You’re suddenly the person others look to for direction and answers, and it’s your role to create a workplace where they can thrive - while also being accountable for their work. And that isn’t always an easy balancing act. Leadership is a learning curve - an eternal one at that. By focusing on a few key behaviours and techniques, you can set yourself on the right path to lead well, build a great high performing team and help your business grow.
My name is John Hayes, and I'm a really busy guy. Busy procrastinating most of the time. You wouldn't believe how many unessential tasks I had to complete before sitting down and writing this article. Those sales reports and emails don't check themselves. Yep, I've been busy. Busy doing nothing. We've all had one of those days where we feel like we've been incredibly "busy" - but can't quite put our finger on what we actually accomplished. Maybe we spent three hours answering emails, another two fiddling with a spreadsheet no one asked for, and another hour in a meeting that could have been an email or WhatsApp message. At the end of it all, the to-do list somehow got longer, not shorter.
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Over the past 18 years, I've had the privilege of working with a diverse range of businesses and industries, gaining insights into the challenges they face in implementing effective diversity and inclusion strategies. Often, DEI&B is viewed as a 'nice to have' rather than an essential component of business success. With this in mind, I'm excited to share valuable insights and practical steps to help you create environments where everyone can thrive. You've probably heard of DEI&B, but what do these letters really mean, and why do they matter for you and your organisation? Diversity includes differences like race, gender, age, neurodiversity, disability, LGBTQ+, culture, and more; Equity ensures equal opportunities for all; Inclusion values everyone's contributions; and Belonging means individuals feel accepted and integral to the organisation.
Pets are like family, right? As a proud cat dad, I’d actually go further and say that they are family. Over the years, I have spent my well-earned money on (many) toys, beds, treats and vet bills for my two feline furballs Nacho and Drake. And I am not alone. According to a recent Fortune Business Insight report, the global pet care market was valued at a massive £171.78 billion in 2022 and is projected to grow from £180.06 billion in 2023 to £269.29 billion by 2030.
Finding someone who listens, understands, and guides you can make all the difference. For women in Gibraltar, the Women’s Mentorship Programme offers just that – honest conversations and valuable support from people with lived experience who understand. Now in its sixth cycle, the programme pairs women with mentors to help them navigate work, life, and everything in between. Ok, full disclosure: as a recently appointed mentor, that last sentence somewhat triggers the old imposter syndrome and self-doubt, but I am honoured to be part of this scheme and look forward to doing my very best in the months ahead.
There’s something slightly uncomfortable about sending a contract to a client when you run a small business. Especially in Gibraltar, where relationships matter and business often begins with a conversation over un cafelito rather than a legal document. When you know someone personally, or you’ve been introduced by a mutual contact, it can feel unnecessary to formalise everything. You tell yourself that an email thread is enough. Or that you’ll sort the paperwork later. I used to think like that. Over time, and through a few situations that were more stressful than they needed to be, I’ve realised that putting things in writing isn’t about distrust. It’s about creating guardrails for growth. The clearer the boundaries, the freer you are to focus on doing good work.
In an age where small businesses must adapt to stay in business, outsourcing has long been a way to enhance efficiency and streamline operations. Derived from the simple philosophy of delegating certain non-core tasks to external experts, outsourcing allows businesses to concentrate on their primary objectives and strengths. For the uninitiated, it's about seeking external expertise for tasks outside your comfort zone, skills base or business's main expertise.
Did you know that what you eat directly affects your energy levels, brain function, and stress resilience? Poor dietary habits—such as skipping meals, consuming too much caffeine, or relying on processed foods—can lead to energy crashes, brain fog, and reduced efficiency. On the other hand, a well-balanced diet stabilises blood sugar, enhances cognitive function, and keeps stress levels in check.
Editor’s Welcome
Welcome to the fifth edition of Thrive magazine. Too often the narrative around business focuses on success and, in my view, we forget to talk about failure. That’s why we lead this edition with EPIC FAILS by Katie Buller—because understanding what doesn’t work is just as important as what does.
Whether you’re building a business from the ground up or hoping to grow an existing operation, having a strong business development strategy is the foundation of success. But real, sustainable growth doesn’t come from chasing the next big thing, it comes from getting the essentials right. So, what are the fundamentals you can’t afford to ignore? In my view, this starts with something I call the “Holy Trinity” of small business marketing...
Whether you’re an ebook tapper or traditional page turner, there are thousands of books that can make you better at business. Áine Panter, Head of the School of Business at the University of Gibraltar has curated a list of must-reads that will inspire, inform, and equip you for success.

