Tweet
Hill bats for entrepreneurism
Observer Reporter
Friday, May 20, 2005
Aubyn Hill
Aubyn Hill, former CEO of National Commercial Bank, and a short-term non-salaried consultant with Air Jamaica, on Wednesday made the case for entrepreneurism and business risk-taking as the best way to take Jamaica out of its economic problems.
Hill, who since his departure from NCB has started a consultancy firm - Corporate Strategies Limited - cited the investments and business successes of several local and global companies as examples of what was possible with creative entrepreneurial endeavour.
He used the platform of Wednesday's Mayberry Investment's monthly investor forum to make his case for entrepreneurship.
"Once many more people in our country get involved in doing, we will make our country a richer one," Hill told the audience of corporate executives, stock investors and journalists.
"We need more entrepreneurs to launch out on their own and to form partnerships and shareholding companies. It is entrepreneurs that take ideas and start companies that employ people," he said.
The forum held at the Knutsford Court Hotel in Kingston is hosted each month by the stockbrokerage and investment advisory company to keep clients and investors aware of the latest developments in the stock and money markets, and the likely impact on their investments.
In providing examples of local wealth creators who had made an impact on the economy, Hill named several entrepreneurs who have been either nominated or named Observer Business leader over the nine years of the awards. Those he named:
. Lascelles Chin, principal of the Lasco Group, the makers of a variety of food products;
. Jukie Chin, principal of Juici Patties,
. Kenny Benjamin, principal of Guardsman Group - the largest security company in the English speaking Caribbean;
. Marc and Alexander Melville, principals of Chukka Caribbean Adventures, the region's largest soft adventure tour company,
. Chris Berry, principal of Mayberry Investments;
. Donna Duncan-Scott, of Jamaica Money Market Brokers; and
. Ryland Campbell and Andrew Cocking of Capital and Credit Merchant Bank.
Hill's company focuses on corporate restructuring, process re-engineering, entrepreneurial consultation and senior executive counselling. Andrea Messam, former senior vice-president of Hot 102 is one of his partners in the venture.
Hill advised the participants of the importance of relying more on profit than from wages and salaries.
"Profits offer more than a wage could ever hope to give you and there is no limit to how much profit you can make," he declared. "In other words, wages will earn you a living, profits will make you a fortune."
He also pointed to opportunities across various sectors, highlighting services to the tourist industry; services to the airline industry; training people with skills for the local market as well as "fit for export", such as nurses, teacher, actuaries and accountants; and real estate development as sectors with the highest potential.
Observer Reporter
Friday, May 20, 2005
Aubyn Hill
Aubyn Hill, former CEO of National Commercial Bank, and a short-term non-salaried consultant with Air Jamaica, on Wednesday made the case for entrepreneurism and business risk-taking as the best way to take Jamaica out of its economic problems.
Hill, who since his departure from NCB has started a consultancy firm - Corporate Strategies Limited - cited the investments and business successes of several local and global companies as examples of what was possible with creative entrepreneurial endeavour.
He used the platform of Wednesday's Mayberry Investment's monthly investor forum to make his case for entrepreneurship.
"Once many more people in our country get involved in doing, we will make our country a richer one," Hill told the audience of corporate executives, stock investors and journalists.
"We need more entrepreneurs to launch out on their own and to form partnerships and shareholding companies. It is entrepreneurs that take ideas and start companies that employ people," he said.
The forum held at the Knutsford Court Hotel in Kingston is hosted each month by the stockbrokerage and investment advisory company to keep clients and investors aware of the latest developments in the stock and money markets, and the likely impact on their investments.
In providing examples of local wealth creators who had made an impact on the economy, Hill named several entrepreneurs who have been either nominated or named Observer Business leader over the nine years of the awards. Those he named:
. Lascelles Chin, principal of the Lasco Group, the makers of a variety of food products;
. Jukie Chin, principal of Juici Patties,
. Kenny Benjamin, principal of Guardsman Group - the largest security company in the English speaking Caribbean;
. Marc and Alexander Melville, principals of Chukka Caribbean Adventures, the region's largest soft adventure tour company,
. Chris Berry, principal of Mayberry Investments;
. Donna Duncan-Scott, of Jamaica Money Market Brokers; and
. Ryland Campbell and Andrew Cocking of Capital and Credit Merchant Bank.
Hill's company focuses on corporate restructuring, process re-engineering, entrepreneurial consultation and senior executive counselling. Andrea Messam, former senior vice-president of Hot 102 is one of his partners in the venture.
Hill advised the participants of the importance of relying more on profit than from wages and salaries.
"Profits offer more than a wage could ever hope to give you and there is no limit to how much profit you can make," he declared. "In other words, wages will earn you a living, profits will make you a fortune."
He also pointed to opportunities across various sectors, highlighting services to the tourist industry; services to the airline industry; training people with skills for the local market as well as "fit for export", such as nurses, teacher, actuaries and accountants; and real estate development as sectors with the highest potential.