The Struggle Continues: It’s The System, Stupid!

We rejoin our saga of business owner David, whose trucking company was facing serious challenges. On the verge of giving up on his entrepreneurial dream, David found a glimmer of hope for the way forward in a book about business success, and resolved to keep on fighting. “Ping!” The familiar notification sound roused David from his reverie. Absent-mindedly, he glanced […]

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The Struggle Continues: The Longest Night

We previously introduced business owner David, whose trucking company was facing serious challenges. After losing a major client, David was tempted to give up on his entrepreneurial dream. In his darkest moment, however, he was encouraged by some business advice on the television. “Business success is about the three P’s: People, Process and Product.” Billionaire investor Marcus Lemonis had reiterated […]

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Vote for Jamaicans in Int’l Tech Competition

The Global Innovation through Science and Technology (GIST) Tech-I Competition is an annual event for young science and technology innovators and entrepreneurs to compete with their ideas and start-ups in the sectors of Agriculture, Health, Energy, and Information Communication Technology in order to receive cash prizes and mentorship opportunities. Out of a record 502 entries this year, three young Jamaican […]

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Tech Innovators – Time to Compete!

Great news for young, innovative entrepreneurs in Jamaica! The American Association for the Advancement of Science (AAAS) is holding a Global Entrepreneurship competition in conjunction with the US Department of State. This competition is the flagship program of the Global Innovation through Science and Technology Initiative and this year for the very first year, Jamaicans are eligible to apply. The […]

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Purpose, Passion, Profit

One of the questions that potential business owners usually ask is “how can I make money doing what I love to do?” Very often, these optimistic entrepreneurs get discouraged when others declare that the activities they love to do can’t translate into dollars in the real world. Many people have been led to believe that it’s more important to pursue […]

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And the Survey Says…

A local research company, Balcostics Ltd., has recently completed a survey of some Jamaican Small and Medium-Sized Enterprises (SMEs) to determine the answers to these questions: Who are Jamaica’s rising SMEs? (age, gender, education level, years in operation) What are the main challenges facing SMEs? What are the main reasons persons choose entrepreneurship? What type of social media, if any, […]

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Getting out of business debt

“I’m desperately seeking a way to turn around my business. I’ve run up a lot of debt in trying to promote a new product, but sales are not coming in fast enough to cover my repayments. I am confident that I’m about to make a breakthrough as more customers are accepting my product, but I don’t know how I’m going to survive […]

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Jamaican Ingenuity Brings Biz Opportunity

I recently read a story in the Jamaica Gleaner newspaper about an enterprising man who turned an unused garden equipment into a business opportunity. Kevin Spence, a trained auto mechanic, converted a 15-horsepower riding lawn mower into a amusement ride for kids. He created a cover the the section that housed the engine and later added three coaches with the help […]

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Welcome to the Club!

A friend recently lamented to me about the collapse of his first entrepreneurial venture which left him down in debt instead of plush in profit. He was definitely taken aback when I cheerfully responded “Congratulations, welcome to the club!” I explained that having experienced this initial setback, he had successfully passed through his initiation rites into business. Many people consider […]

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