So You Want To Be A Capitalist?

Jamaicans are probably the worst business people
on Earth. If it isn't a monopoly it must lose.

If it is a monopoly people try their best to
avoid paying for the product/service. This is
because prices are set on HAP.
High As Possible.
A guy could run a cable for 2k.
He'll claim it costs 22K and charge the Earth.
A guy will raise the price of fertiliser to 2k
a bag from $50 and until people stop buying,
he'll keep raising.

A Jamaican will spend xyz on decor, and Zero
on training workers.

If it isn't the minimum wage waitress or clerk
which chases the customers, it's the moronic
manager and his/her idiotic 'policies'.

Foreign based companies with ex-pat CEOs can
grasp business opportunities. Even a semi-local,
that is a person who migrated here a few decades
ago, or is the child of those who did,
understands one sets their prices to sell goods
...seeing goods as 'Dead Money.'

Where a foreign minded owner will see that the
Whatsit is still on the shelves after two months
and drop the price,a local doesn't notice this.

Where a foreign minded owner will exploit its
rival's weaknesses and enter a 'price war', the
local will make sure he sells his goods for the
same price the other charges.

It is hysterically funny to watch a Jamaican
run a business. No matter what it is, he'll run
it into bankruptcy.

Where in other parts of the world, the location
of a business is a main asset, in Jamaica it is
the 'cheapness' of the rent or the fact they own
this building so will close the rented premises,
even where the location of the rented premises
is what gets the business, not the goods.

This Bank, for example, was the only one for
over twenty miles. It had a good customer base.
But as the premises were rented the Bank moved
to mid-ghetto and customers left in droves.

Duh.

This restaurant was popular because of its
friendly atmosphere and good prices. The
manager was replaced by a gal the owner was
boffing, and prices were raised to deal with
the fall off in business. When it closed it
was only the building that sold,for the
business had no value.

Capitalists know to maximize profits and cut
losses. Jamaicans don't know where the profits
come from and what causes the losses.

Many large local businesses make much of their money
renting out their space. The products are losses,
the services are accidental, the rent paid is what
keeps the business afloat.

You know they'll raise the rent, the tenants will leave.

A business (wo)man will know her customers, and when
one of them complains, it is cheaper to give him a free
whatever than argue about the complaint.
A Jamaican will have to be right, so will make the
customer wrong, so he doesn't come back.

It never fails.