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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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 […]

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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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Valuable Life Lessons

In my first job at a public relations firm, I was required to attend clients’ events and write press releases for the newspapers. I had no particular knowledge about, nor interest in PR; I had only applied for this job because my best friend had worked there in the summer […]

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Is This The Right Time to Start a Business?

If you have been thinking about starting your own business, you might be nervous about the current economic climate. Is is really advisable to begin a business is the middle of a recession? Are there any industries that might actually be viable at this time? It’s understandable if you disbelieve […]

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Plastic Bottle, Water & Bleach Light

Tired of high light bills? (Aren’t we all?) Who knew that a plastic bottle, water and a little bleach could bring light into a dark world? Mere words fail me to adequately describe the potential of this ‘light bulb’. Take a look at this video to see for yourself! This brilliant […]

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Persistence Pays

“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘Press […]

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