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'Stop hunting jobs, and start your own business'
AUBYN Hill, the former group managing director of the National Commercial Bank who now heads the restructuring of the national airline Air Jamaica, Thursday night encouraged Jamaicans to become entrepreneurs saying traditional big companies can no longer afford to hire more employees.
According to Hill, there are many potential business opportunities in the training, medical, tourism, maritime, information technology and airline industries.
"Big companies cannot afford to employ any more and will instead have to release (employees), so the best hope for Jamaica is for entrepreneurs to start businesses," he told guests at the annual sales award of the Life of Jamaica Half-Way-Tree branch.
"More Jamaicans need to do that - form groups and establish companies," he added.
Citing training as one of the most viable areas for business opportunities, Hill said entrepreneurs should seek to establish institutions to train nurses, workers for the hotel and tourism industry, maritime industry and other practical skills for the construction industry.
He proposed the establishment of a nursing university to train both local and overseas nurses as well as institutions for the training of allied health professionals.
According to Hill, an institution for the re-training of commercial pilots could also prove profitable.
"We should train people in skills that are badly needed in the local market and in practical skills that are desperately in need," he noted.
"But all should be trained that you put a stamp on them to say 'fit for export," the former banker added.
He said entrepreneurs should also seek to create niche markets in the medical and diagnostic services as well as the tourism industry.
"You can wash towels for large hotels and make money," he said. "You can set up a diagnostic centre and make money."
He added that those with a knack for information technology, could build businesses by creating viable and efficient back-up information systems for entities that would save companies in the event of disasters.
"It was a back up system in England that saved the bank in Kuwait when Saddam Hussein invaded the country in 1992," he noted.
Hill headed a bank in Kuwait before joining National Bank of Oman (NBO) for 11 years. Under his leadership, NBO became the largest bank in the Sultanate in terms of net worth of US$335 million, assets of US$2.5 billion, and profitability.
"Start a business, employ Jamaicans, grow your wealth, become an entrepreneur," he urged the guests at the LOJ function.
"The most honourable gift is to provide someone with a honest sustainable job."
'Stop hunting jobs, and start your own business'
AUBYN Hill, the former group managing director of the National Commercial Bank who now heads the restructuring of the national airline Air Jamaica, Thursday night encouraged Jamaicans to become entrepreneurs saying traditional big companies can no longer afford to hire more employees.
According to Hill, there are many potential business opportunities in the training, medical, tourism, maritime, information technology and airline industries.
"Big companies cannot afford to employ any more and will instead have to release (employees), so the best hope for Jamaica is for entrepreneurs to start businesses," he told guests at the annual sales award of the Life of Jamaica Half-Way-Tree branch.
"More Jamaicans need to do that - form groups and establish companies," he added.
Citing training as one of the most viable areas for business opportunities, Hill said entrepreneurs should seek to establish institutions to train nurses, workers for the hotel and tourism industry, maritime industry and other practical skills for the construction industry.
He proposed the establishment of a nursing university to train both local and overseas nurses as well as institutions for the training of allied health professionals.
According to Hill, an institution for the re-training of commercial pilots could also prove profitable.
"We should train people in skills that are badly needed in the local market and in practical skills that are desperately in need," he noted.
"But all should be trained that you put a stamp on them to say 'fit for export," the former banker added.
He said entrepreneurs should also seek to create niche markets in the medical and diagnostic services as well as the tourism industry.
"You can wash towels for large hotels and make money," he said. "You can set up a diagnostic centre and make money."
He added that those with a knack for information technology, could build businesses by creating viable and efficient back-up information systems for entities that would save companies in the event of disasters.
"It was a back up system in England that saved the bank in Kuwait when Saddam Hussein invaded the country in 1992," he noted.
Hill headed a bank in Kuwait before joining National Bank of Oman (NBO) for 11 years. Under his leadership, NBO became the largest bank in the Sultanate in terms of net worth of US$335 million, assets of US$2.5 billion, and profitability.
"Start a business, employ Jamaicans, grow your wealth, become an entrepreneur," he urged the guests at the LOJ function.
"The most honourable gift is to provide someone with a honest sustainable job."
'Stop hunting jobs, and start your own business'
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