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MSMEs A Sleeping Giant?

In a research conducted by the Mona School of Business - University of the West Indies, over the period October to November 2010, Dr William Lawrence, a director of Mona School of Business, made a presentation in April 2011 at a Small Business Association of Jamaica Business Mingle.

In this presentation, Dr Lawrence pointed out that only 1.7 per cent of established business owner-managers had expectations that their ventures will grow and create jobs within the next five years. Losses and financial problems accounted for 64 per cent of small business closures.

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