Why Do So Many Small Businesses Fail?

A common complaint from local entrepreneurs is that it is extremely difficult to operate a business in Jamaica. However, business challenges are not limited to this country, as international statistics indicate that anywhere from one-third to one-half of new enterprises will fold within the first five years of operation. While […]

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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: […]

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Stay or Quit? The Struggles of a Jamaican Entrepreneur

David’s head jerked at the insistent sound of the telephone ringing in his office. He hadn’t realised that he had fallen asleep at his desk until the call interrupted his late afternoon nap. For several months, sleep had eluded him during the night, and his body was trying to regain […]

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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 […]

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