Many of the financial books that I have read indicate that establishing a business can be a means of increasing your personal wealth. Whereas being frugal and saving consistently may eventually produce a significant nest egg over time, if you wish to fast-track your money growth, then business ownership might be your best route.

Last week we looked at the option of joining an established network marketing organisation as one method of getting involved in a business system. However, many persons who desire to be their own bosses may prefer to personally create a unique entity in order to satisfy their business dreams.

The reality is that starting and building a new venture can be one of the most difficult strategies of wealth creation.

To be successful, an entrepreneur must commit a lot of time and resources, acquire specific business knowledge and skills, and develop a persistent outlook that can overcome the various challenges that will inevitably arise in operating an enterprise. Continue reading Developing Successful Jamaican Businesses →