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
Imposter syndrome is a psychological behaviour where individuals, including many high achievers, struggle with persistent feelings of self-doubt, inadequacy, or the fear of being exposed as a fraud. Despite their achievements, those experiencing imposter syndrome believe they are undeserving of their success or worry that they've misled others into overestimating their abilities.
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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Love is big business. According to official statistics, 1,745 weddings took place in Gibraltar in 2021 followed by another 1,761 weddings in 2022 and a further 1640 in 2023. That’s around 33 weddings each week or 6 every single day. With an estimated population of around 33,000, it’s safe to say that, no, we aren’t all marrying each other, but that Gibraltar is a very popular place for many people to come and say ‘I do’. In fact, in all three years, non-residents outnumbered residents by an average of 90% to 10%. The stats point to a healthy wedding sector, one that our Minister for Tourism, Christian Santos is keen to develop. In an interview with the Gibraltar Chronicle he recently said he wanted; “Gibraltar to be the Las Vegas of Europe” when it comes to weddings. Unlike Vegas, we don’t have Elvis. But we do have John. Music legend John Lennon famously married Yoko Ono here in 1969 and put the Rock on the map for ‘Fast Track’ weddings. If music’s not your thing, acting legend Sean Connery (AKA James Bond) also tied the knot here (twice)!
In business, we often concentrate on the what and how of an enterprise.
Business Plan Essentials
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We’ve said it before and it’s only getting louder: AI is reshaping how businesses work. From chatbots and smart analytics to automated content and decision-making tools, AI is helping smaller firms punch well above their weight. But with that power comes responsibility. As AI use grows, so do the risks around data privacy, and under GDPR, getting it wrong can mean serious fines and lasting reputational damage.
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Over the past few years, I’ve noticed the same logo cropping up more and more often. On coffee cups. On consultancy websites. In email signatures and pitch decks. The familiar B Corp badge, quietly signalling that a business is trying to do things differently. With our horizons widening post-treaty, could this globally-relevant badge could become a way of promoting your CSR values to an international market?
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Fair recruitment is based on the principle that candidates are judged on their ability to do the job rather than influenced by factors such as an applicant’s gender, religion, ethnicity, or any other quality unrelated to their skills and expertise. As the Founder of Rock Learning and the Co-Founder of the ‘Count me In’ DEIB Conference, I have developed a deep understanding of the topic and how small businesses can implement inclusive hiring practices.
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.
Last month marked eight years since the UK voted to leave the European Union. I remember the exact moment I read the headline ‘UK Votes to Leave the EU’ on my phone and the feeling of shock that started to set in. My first thought was, “Er, now what?” Little did I know I would still be asking that question eight years later… Eight years of uncertainty, negotiations, grace periods, frameworks, and meticulously crafted non-statements. But still no solution.
From the increasing influence of AI to the rise of social commerce and sustainability-driven consumer demand, the key to success lies in adapting strategically rather than chasing every new trend. This guide breaks down the most impactful trends for the year ahead—offering insights on how to integrate them into your business without losing sight of what already works. Smart adaptation, not blind reinvention, is the name of the game. Here's what to expect and how to make it work for you.
One of the most dangerous things anyone can say in business is, "We've always done it this way." This phrase doesn't age well and puts businesses at risk. "We've always done it this way" can quickly look like "flogging a dead horse." This doesn't always mean that businesses need to change everything. Some things, like great service, never go out of fashion. But when sales start to slow down, it's always a good idea to consider taking a new approach. Rebranding a product, service, or entire enterprise can be part of this process. But rebranding should never be taken lightly.

