Are you scratching your head trying to figure out how to promote your business in Jamaica? Some people who start a business in Jamaica ignore the benefits of establishing a strong digital presence. Jamaica is still behind the rest of the world in terms of internet penetration. Only 56 percent of the country's 2017 population... Continue Reading →
10 Tips for Managing Small Business Finances
Small business owners in Jamaica often complain about inadequate access to financing opportunities from financial institutions. Two critical factors scare many financial institutions away: 1. The high risk of a small business in Jamaica because the business’ earnings are so volatile. 2. Poor financial record keeping. Can we blame them? They have billions of depositor’s... Continue Reading →
February 2020 Book Review: Outliers by Malcolm Gladwell
My Rating ★★★★ Successful people are often deemed different from the norm. They have an extra level of focus, skill and determination that make them outliers - people who stand out as different from the average person. At least that's what most of us think. "Outliers" provides a unique perspective on the concept of success.... Continue Reading →
January 2020 Book Review: Rich Dad’s Cash Flow Quadrant by Robert Kiyosaki
My Rating ★★★★ Financial freedom is everyone's objective. We want to experience a debt-free life where financial struggles are non-existent. It's a noble goal, but how many of us are willing to do what it takes to get there? You've probably either read or heard about Kiyosaki's book Rich Dad, Poor Dad. The Cash Flow... Continue Reading →
Should I Start an Air BnB in Jamaica?
Jamaica’s hoteliers are concerned. The Air BnB industry is growing with more than 10,000 active listings. However, some are using the cloak of an Air BnB listing to boycott tourism taxes under the guise of being “a small man trying fi mek a likkle money”. There’s nothing wrong with trying to make some money with... Continue Reading →
The #GoalGetter Success Strategy
It’s that time of year again. Excitement and anxiety run through your veins as you prepare for the beginning of another year. You’re probably going to ring in the new year with the ones you love and set some goals that you’re certain you’ll accomplish by the end of 2020. Become a better person. Eat... Continue Reading →
Are You Cut Out to Be an Entrepreneur?
Global statistics on entrepreneurship reveal that approximately 582 million entrepreneurs exist globally. Many people believe they have the “it” factor. They do what they do well, have found a product (or service) that is sure to sell, and want to turnover money quickly. So, they start a business. No research, no groundwork, no mental preparation...they... Continue Reading →
What Does the TCC Mean for Your Business?
The Tax Compliance Certificate (TCC) tends to be a gray area for small business owners in Jamaica. You know that paying taxes is important and you want to be tax compliant but how does the TCC fit into this picture? This article helps clear up this fuzzy area. If you want to learn more about... Continue Reading →
The Importance of Giving Back: Corporate Social Responsibility
Corporate Social Responsibility (CSR) has several definitions but there is a common thread connecting them- the social and economic benefits of giving back to the community and protecting the environment. Small business owners may think the costs of implementing a CSR are too expensive, especially when corporate governance and CSR reporting are considered. However, the... Continue Reading →
Starting a Business in Jamaica: Building and Sustaining Wealth for Entrepreneurial Success
The road to entrepreneurial success in Jamaica is unpaved, bumpy and riddled with potholes (much like some of our actual roads), but a true Jamaican imbued with our natural grit and stick-to-itiveness would know that any road is navigable if you have the requisite knowledge and skills to run that route. Building and sustaining wealth... Continue Reading →