Jamaican Entrepreneurs are not in it solely for the money!

Only about 1 in 10 Jamaican entrepreneurs saw the possibility of great financial reward as the main driver (impetus) for starting their own business – The Jamaica SMEs Survey Report 2013.

1in10 entrepreneurs

Jamaican entrepreneurs were more motivated by the mindset of actually owning a business – it was a “personal goal” (35%). In  addition, there were some who “saw the market opportunity” (34%) and those who wanted to find the “freedom that owning a business allows” (16%). More males were in it for the freedom, while more females saw it as a personal goal.

Entrepreneurs are social beings who are not fully understood based on their complete and blatant need for actualizing the possibility of a business idea. This is what we found to be the main fiber that connects the Jamaican entrepreneur to those of the world, not the money!

Written by: Shanna Kaye Wright (Balcostics’ Team Member)

 

At Balcostics our mission is to empower leaders with the required data and information to make better decisions. Learn more about our full list of research outsourcing services for individuals and companies: Click here

 

One Response to Jamaican Entrepreneurs are not in it solely for the money!

  1. john lindsay says:

    Having been an entrepreneur for many years, I find this report a little surprising. As with most of the people I know that have started businesses, see making big money as a by product of the more tangible goals the report alludes to.

    I would also note that for most entrepreneurs in my experience, the hours worked for the total income gleaned, most often make them quite poorly paid comnpared to those on a payroll.

    Like

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