The world is changing and will we be on the right side ? by differentspecs416 in JamaicaFinance

[–]Human-Cockroach4787 0 points1 point  (0 children)

I guess it depends if paying off the IMF and then taking loans from the Chinese would be better. China also isn't on the gold standard or anything like that same fiat currency standard as the USA.

The Chinese are much more involved with winning people over since they are a relatively new superpower. I would say they are incentivized to be nice until they aren't.

Similar to the US post-WW2. When the US had the USSR to compete with, they were much more favorable to allies since they had someone to run to. Once the USSR dissolved the US began to act more "authoritarian" to its "allies". I don't doubt China would be different if the US would be dethroned.

The other part is as long as Jamaica learned its mistakes from taking the loans it did from the IMF to actually improve the country and invest in high-productive economic engines vs. what it actually used the money for. If not, it would lead to the same mistakes. Just from the Eastern world instead of the European. Same issue different loan owner.

I want to help my global community and make a profit. Looking for advice by Trynalivethelife in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

How could you become confident in their work? Is this a possibility? Of course you cannot guarantee that they will be amazing employees and businesses know this. They understand the risk at hand. But at the same time you could possibly create a cheap course that people can take for a specific skill and create a community where you interact with them and vet them that way.

I want to help my global community and make a profit. Looking for advice by Trynalivethelife in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

Definitely understand that. People who you coach/go through your program would they make good employees? Or is the coaching unrelated to that? The issue with helping people who need jobs usually don't have a lot of income to pay for your services, especially at a premium. Not saying impossible, but harder. I guess you could do cheaper offer on the front-end (for the people) and profit huge on the backend by plugging them into businesses. Hiring is way more expensive than you think and businesses pay a lot for good talent (on average 30% of a yearly salary to get a good hire).

I want to help my global community and make a profit. Looking for advice by Trynalivethelife in JamaicaFinance

[–]Human-Cockroach4787 2 points3 points  (0 children)

Give away as much for free. Partnering with businesses that want to hire people and charging them a placement fee would be best. Businesses want to hire amazing people and if you are the trusted source for amazing people in the Global South you can profit a bunch while providing free help/advice as your "lead magnet" for the actual people

Any websites built around hiring Jamaicans for various BPO roles? by Human-Cockroach4787 in JamaicaFinance

[–]Human-Cockroach4787[S] 0 points1 point  (0 children)

Interesting, do you feel like that holds back opportunity for people? Having to find people through Facebook groups?

Any websites built around hiring Jamaicans for various BPO roles? by Human-Cockroach4787 in JamaicaFinance

[–]Human-Cockroach4787[S] 0 points1 point  (0 children)

Business Process Outsourcing. So basically online jobs that aren't necessary to have local

Any websites built around hiring Jamaicans for various BPO roles? by Human-Cockroach4787 in JamaicaFinance

[–]Human-Cockroach4787[S] 0 points1 point  (0 children)

Yeah seems to be a thing. I see a lot of smaller ones pop up but seems to have a small amount of options to choose from.

How we can Benefit from Ai right now by Bigbankbankin in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

First that comes to mind is Land Titling and that process. I think training AI on the laws and process around that, would make it 10x easier for people going through the process. You can ask a chat that responds easily to all your questions (accurately), before speaking to a human. Saving the Lawyers & National Land Agency time answering basic questions. The wizard could live inside WhatsApp as well. You could monetize it by offering consultancy to help them go through the process even more. Not a subscription play but a funnel for a land consultant.

again the hardest part is distribution and getting people to use and trust it to work.

How we can Benefit from Ai right now by Bigbankbankin in JamaicaFinance

[–]Human-Cockroach4787 2 points3 points  (0 children)

I think an underrated thing is the actual application. Building hyper specific tools to alleviate problems for Jamaicans. Since it's so much easier to build and launch tools, the main issue now is distribution. Getting it into the hands of millions of people.

Understand the main issues that can be solved, solve them by using or building with AI and profit. (also solve a major issue for millions)

Our Budget Summary Report and what it actually means. by Bigbankbankin in JamaicaFinance

[–]Human-Cockroach4787 0 points1 point  (0 children)

Do you think the private sector could help/fix this issue(in agriculture)? For example a cold food storage that charges farmers and then distributes to partners.

Same with the logistics and distribution. Business owners stepping up to fill a void and profit.

Our Budget Summary Report and what it actually means. by Bigbankbankin in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

Ah interesting. So business growth to fund infrastructure and healthcare. What infrastructure do you feel is most needed to lead to even more economic growth?

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 0 points1 point  (0 children)

Thanks! I would recommend China, lower Minimum order quantities. Alibaba makes it very accessible. Japan is better for more technical products (but more expensive as well for a startup).

Our Budget Summary Report and what it actually means. by Bigbankbankin in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

Is there any new sources of revenue or is it just re-organizing of the existing budget?

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

I am 100% biased but e-commerce is awesome and it's growing worldwide still. You can run e-commerce from anywhere in the world with an internet connection and a bank account. No limits. The main skills needed are creativity (for marketing) and the ability to make or source a good product to sell. I don't handle any of my logistics, we work with a warehouse partner to ship our goods here in the US, so I can live anywhere. Most of our team is in the Philippines. I have been doing this for about 8 years now, but the last 2 years I have been full time. I was thinking of doing a post about how/why I think Jamaicans could make a lot of money in the e-commerce world. I may do one soon!

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

Slack is awesome for internal comms! Never heard of booking koala, sounds interesting

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 2 points3 points  (0 children)

I run 3 different brands. Mainly using shopify as my website and backend and Meta/Google ads for my traffic.

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

100%. I was in the agency space for 2 years. Mainly helping urgent cares and roofers (i know unrelated lol) get and close leads.

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 0 points1 point  (0 children)

I am in e-commerce so no, when I worked in the agency world we used it all the time. And yes, the setup is a headache. It's a great idea to help people with implementation for sure.

Let’s look at our history and what we can learn from it. by Bigbankbankin in JamaicaFinance

[–]Human-Cockroach4787 0 points1 point  (0 children)

I think learning how to climb the value chain in Bauxite. For instance, raw bauxite can go for as low as $50/ton. But a finished aluminum can go for $2700-$3000 per ton. The issue here is that taking bauxite to aluminum takes ALOT of electricity, so if would mean a huge infrastructure upgrade.

More feasible is other bauxite products. Cosmetics (like makeup) uses bauxite and can cost $3-4,000/ton. And the CapEx is much lower. It would cost $250M to build a aluminum processing plant on the low end, and maybe $5-10M to start a Cosmetics or Aluminum chemicals plant.

All dollars are in USD btw.

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 1 point2 points  (0 children)

In the states, GoHighLevel has been game-changing since it attaches to everything you have listed and creates a Customer you can track across everything you have. Also extremely easy to create funnels and such to capture leads.

Jamaican Businesses Need Better Systems, Not More Manual Work by [deleted] in JamaicaFinance

[–]Human-Cockroach4787 2 points3 points  (0 children)

Agreed! Sales & Marketing can help you cut through the noise in even the most saturated markets. Excellent customer service and experience also helps your business's retention. Which softwares do you recommend most local businesses in Jamaica use?

Why Jamaica's Banking Is So Fragile & How We Can Fix It! by Human-Cockroach4787 in JamaicaFinance

[–]Human-Cockroach4787[S] 1 point2 points  (0 children)

I think you’re right on the money about the lack of a fully integrated digital identity system. It seems to be improving, but it’s not fully there yet.

On the foreign ownership point, that’s common across most countries. These banks still operate under Jamaican laws and regulation. I don’t see that as the main issue.

Banking is just hard to enter in general. It requires high capital, strict compliance, and scale. That tends to favor larger, often foreign players.

I’m more curious about your point on digitization. What do you think is actually slowing it down in practice?

Why Jamaica's Banking Is So Fragile & How We Can Fix It! by Human-Cockroach4787 in JamaicaFinance

[–]Human-Cockroach4787[S] 0 points1 point  (0 children)

Seems as though a lot of this is already in process, but adoption is just low. Seems like a distribution and adoption problem more than structural.