JBDC (Jamaica Business Development Corporation) | Head Office: 14 Camp Road, Kingston, Jamaica | Incubator & Resource Centre: 76 Marcus Garvey Drive 1 876 928 5161-5 (Camp Rd.) | 1 876 758 3966-8 (IRC) info@jbdc.net

It is fairly common in most countries for government policies to target small businesses for preferential treatment. In Jamaica, small businesses are formally classified into Micro, Small and Medium-Sized Enterprises (MSMEs). It is somewhat problematic for policy makers to implement polices to assist MSMEs, however, because it is not a straightforward exercise to measure the size of a business. Research studies on MSMEs have relied primarily on two indicators to measures the size of an enterprise: (I) number of employees and (ii) annual turnover/sales. But even these studies have recognized the inadequacy of using these measures to classify the size of businesses. For example, in a 2014 preliminary Report prepared by the Jamaica Business Development Corporation (JBDC) for MSMEs, it was noted that there were some enterprises which would be classified as micro-sized based on their relatively small number of employees, but would be classified as medium-sized based on their relatively significant annual sales/ turnover (JBDC, 2014. Mobile Business Clinic 2014: St James Report- Preliminary Needs Assessment. Page 4).

on 19 January, 2015
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Business growth should not be taken for granted but must be continually managed to succeed, says ACCA SME Global Forum

Finance leaders need to be closer to the day-to-day workings of the business to avoid it becoming static, warns the SME Global Forum of the Association of Chartered Certified Accountants, (ACCA).

 In a new paper on the subject of business growth titled Building the finance function in growing businesses ACCA’s SME Global Forum says that finance chiefs must start acting as business partners with a clearer view of the day-to-day workings of the business to make informed decisions and understand the whole impact those decisions will have. The Forum also says that much of the discussion on business growth assumes that growth is a potential option for businesses at all times, when the reality is very different.

on 19 January, 2015
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It’s not a matter of if a company should move its communications platform to the cloud – but a matter of when, according to Jamil Bennett, account manager for Columbus Business Services, (CBS).

on 19 January, 2015
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Please raise your hands if you’re a business owner who’s ever been confused by the mysterious world of social media! It’s hard enough trying to figure out the right platforms to go on, then you have to figure out what type of content your target market will engage with accompanied with understanding and analyzing analytics to improve your future results. Well there’s good news, social media doesn’t have to be rocket science, so let’s walk through a few of the most common mistakes we see businesses doing on social media and show you how to correct these mistakes.

on 19 January, 2015
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by Ministry of Industry, Investment & Commerce
on 01 December, 2012
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For many entrepreneurs and business owners, particularly within the Micro, Small and Medium-sized enterprise (MSME) sector, access to finance has been a major issue over the years. Often, MSMEs lack “acceptable” collateral to get loans for start-up or expansion. Entrepreneurs with viable business ideas have been viewed over the years by traditional creditors (commercial banks, etc.) as “high risk”. As a result, MSMEs, when they do obtain financing, attract loans at higher interest rates.

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The Jamaica Business Development Corporation (JBDC) has been established as one of the premier business support organizations in Jamaica, and is well respected by clients and funding institutions alike.

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