The JN Financial Academy Summer Camp is here again. This year, the focus is on Building the Future Entrepreneur. Come engage with some successful and dynamic entrepreneurs and take away applicable advice on starting or growing your own entrepreneurial endeavour.
Workshop Series
Presentation: Steps to Formalize a Business as an Entrepreneur
Presenter: Toni-Ann Stewart-Alexander, Montego Bay Branch Manager, Companies Office of Jamaica
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- Steps to register a business and business name; the importance of registering a business idea
- Understanding business structures; sole trader, partnership and limited liability
- How parents can support their child’s entrepreneurial dreams.
Presentation: The Critical Role of Financial Literacy in Entrepreneurial Success
Presenter: Tabra-Kay Lindsay, Sales Relations Specialist, JN Bank Small Business Loans
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- The importance of applying positive personal financial traits to your business (i.e. saving, investment and budgeting)
- Types of loans available to micro/small businesses & documents needed to apply for a loan
- Being a responsible borrower
Presentation: Cultural Rhythms- From Tradition to Modern Entrepreneurship
Presenter: Randy Makk (McLaren), Philanthropist, Cultural Ambassador, CEO & Co-Founder, Bresheh
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- His keynote address explored themes of determination, monetizing your talents and using your business as a response to a need; a vehicle for philanthropy
- Highlighting the importance of networking, and valuing one’s talents
Presentation: Chemistry Lab to Market- The Journey of a Chemist-Turned-Entrepreneur
Presenter: Dr. Charah T. Watson, Executive Director, Scientific Research Council & Entrepreneur
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- Exploring her love of STEM and the impact of education on her entrepreneurial journey
- Entrepreneurship is a solution in response to her personal skin care needs
- Creating a rounded and balanced life as a career woman, with a family and her own business
Presentation: Embracing Entrepreneurship as a High School Student
Presenter: Shian Golaub, Programme Manager, JACE Programme, Junior Achievement Jamaica
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- Introduction to the Junior Achievement Jamaica learning model and programme
- How to create a comprehensive business plan
Presentation: Journey and Lessons- From Student Ambassador to Entrepreneur
Presenter: Keleisha Carter, Real Estate Investor & Capital Raiser | Carlyle Grant, Marketer, Speaker & Owner of Digital Danes
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Panel discussion exploring themes of networking, goal setting, marketing yourself as your brand, managing setbacks, determination and perseverance.
Entrepreneurship FAQs
What is entrepreneurship?
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
Who can be an entrepreneur?
Anyone who has a business idea and is able to bear most of the cost, risks and rewards in setting up the business.
What are the different types of entrepreneurship?
Small Business, Large Company, Scalable Startup, Social, Innovative, Hustler, Imitator, Researcher, Buyer and Intrapreneurship
How does JN support entrepreneurs?
Entrepreneurs’ businesses often depend on their own financial literacy therefore they can benefit from the JN Foundation’s Financial Academy along with:
- Insurance products
- Investment options
- Small-medium business loans and grants
What agencies directly support establishing and growing a business in Jamaica?
The Companies Office of Jamaica and Jamaica Business Development Corporation
How can a teen raise capital for their new business?
While a teen does not have the typical access to formal funding for entrepreneurial pursuit they may:
- Get family and friends to gift money, tools or equipment needed for the business
- Form peer-partnerships with like minded teens to pool resources
- Negotiate a loan with a trusted adult, that has a low simple interest rate and a repayment schedule that you can set.
- Do odd jobs, extra chores or part-time work to raise money to invest in starting the business
Can networking benefit my entrepreneurial journey?
Yes. “Networking forms the essential foundation of an entrepreneur’s success, providing a web of interpersonal relationships that can lead to many opportunities. Through networking, entrepreneurs can expand their knowledge base, gain fresh perspectives, and build synergistic partnerships. Networking offers a platform for acquiring valuable insights and mentorship from seasoned professionals, which are vital in navigating the complex terrain of the business landscape.” Karl Hudson, Business Owner
Is the JN Financial Academy Summer Camp held annually?
Yes. The camp caters to high schoolers across the island interested in financially geared topics. The Summer Camp is usually held over multiple days and delivered virtually with a field trip component. 2024 is the 3rd year of Summer Camp hosted by the Foundation.
What are the components of a basic business plan?
a. Executive summary
b. Market research
c. Define product or service
d. Develop marketing plan
e. Create strategic plan to factor in sustainability
f. Develop operational plan
g. Devise financial plan and projections
Articles
Train and nurture marginalized youth to become entrepreneurs – United Nations Development Programme blog
