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Knowing your NUMBERS; A real issue affecting Small Businesses in JAMAICA

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By: Kmar Henry         CEO │  BIZ care  Consultation & Accounting Firm Edited by: Anthonio James  │  Danielle Lewinson  Date: April 05, 2018 It's a rather growing concern for many loan officers and financial entities, that in this time and age we still have many Small Business Owners who are still operating under the old guise; " what I make is what I have left ". If you should ask questions like 'what are your purchases for the month, what are your expenses for the month? What's your amount owed to creditors ? What are the amounts owed to you from/by customers? or even more so, What's your  sales or revenue for the month?' You might be surprised to see the level of stuttering that comes from the lips of most of these entrepreneurs or small business owners in Jamaica. Especially if it is a scenario where accessing a loan is extremely pivotal for your business to survive. Whats your True Profit ? Let's say t...

A whole new PRABLEM to deal with in the Music Industry

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By: Kmar Henry Edited by: Xavier 'Ras Pizzle' Campbell  Date: January 13, 2018 After awakening his fans to a totally different expression of spirituality and life experiences with his debut  E.P. Spiritual Insomnia ,  the artiste now seeks to set his mark in the music industry with his uncanny and insightful lyrics. With songs from his E.P. like   ' True to Miself '  that was distributed worldwide by VP and  ' Righteous Path ' which features artistes Strykk , Inphared , Emanuel Stain & Fyah Roiall ,  the artiste has now garnered a fan base that appreciates the value in his music because he sheds light and open up the first eye to the realities of life. Who is Prablem The Substance? Let’s first establish that there is no negativity that is associated with this new embody of  ' Prablem ,'   let's just say that after interviewing the artiste it was rather easy to see the beam of light that is waiting to brighten t...

Formulating a Positive MISSION Statement is Key!

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By: Kmar Henry          CEO   │  BIZ care   Consultation & Accounting Firm Date: December 27, 2017 ‘Why can’t I do this easily, yet my business is so small?’ Whilst it might be in the minds of most entrepreneurs, many have found it rather difficult to transcend this very aspect within the culture of their businesses. Well, the answer lies in taking that very same vision that you have of where you want your business to go and implementing it at the forefront of your  business culture .     As entrepreneurs, we can all agree that we know exactly what we want from our businesses, but how do we get our employees and customers to see and   emulate  these very same images of how we want to operate? How do we implement the right  culture  to ensure that we are always poised to jump these  financial hurdles  that will come? Well, the answer is right within the concept of writing that infl...

STRYKK looks ahead to 'LEVEL UP' things

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  By: Kmar Henry         CEO │  BIZ care  Consultation & Accounting Firm Edited by: Xavier Campbell & Reinard 'Prablem' Bryan Date: September 11, 2017 With stalwart performances at Legacy Invasion (July 7th), Summer Bliss (July 22nd), Mugz (July 31st) and Summer Rave (Aug 4th), Strykk has certainly stricken his name rather dominantly within the brains of most music and party patrons within his native parish of Clarendon, and is now poised on bringing his music to the forefront of the Jamaican music industry and beyond. With his own record label, 'Strukk Media' at his doorsteps, the 'Level Up' artiste is now fully focused and determined to create a niche for himself within the music industry and has teamed up with 300K to launch his highly anticipated Music Video [Click link for beyond the scene coverage] for his hit single " Level Up ." The song has been getting great reviews by party patrons and disc jockeys within the M...

The Societal Pressures of being a MAN in Jamaica

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By: Kmar Henry Edited By: Xavier Campbell │ Reinard Bryan │ Anthonio James Date: August 17, 2017 Let's take a trip into the intricacies that we as the male gender are forced to accept from birth as norms. We all know some of them right? “No crying Johnny you're a man!” Or 'Jimmy if she leaves you nuh bawl my yute remember man a gangsta!” Or let’s even consider the perspective of the man as the breadwinner and the stereotypes that accompany this notion “Delroy remember you have to be the head of the household, and if that means you have to be broke every month, while your wife spends money on a new hairdo and buy expensive clothes, while you save nothing, you just have to.” It is an intriguing thought that as males we are left on the forefront to bear the burden of responsibility and societal pressures, which were passed down from our ancestors for generations. Hence, we are heavily and unfairly scrutinized if we are unable to put food on the table or on the emo...

TAX MEASURES that you MUST know before starting your Small Business in Jamaica

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By: Kmar Henry         CEO │  BIZ care  Consultation & Accounting Firm Date: July 25, 2017 Let's remove the fear for a while and let's think about getting the 'know how' we need to ensure that we won't be nervous if that tax compliance officer happens to pull up at our businesses. It is a fact that our Government has NOW implemented rather harsh penalties due to the high amount of tax payers and business owners who have not been complying with the necessary tax measures. Hence, filing late will now attract a late fee of $5000.00 per month. So let's do a rough estimate in our heads; 'let's say that we are one year late right, that would actually amount to $5000.00 x 12 months = $60,000.00?' Yes! You are very much correct, so let us look at the tax measures that we must comply with before we even think about starting a business. 1. SO4/ITO2/ITO3 Filing: Each is dependent on the type of business that you choose to start, so let us ...