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Case Studies

Case Study: Robert Levy  CD

 

Robert Levy: Entrepreneur

Sex: Male

Age: 74 (at the date of interview)

Age at start of business: 18

Firm: Jamaica Broilers Group of Companies

 

Areas for consideration included: ethnicity, family background, financial capability, experience, marketing, technology and resilience.

 

Family Background and Ethnicity

 

Mr. Robert Levy’s father, Sydney Levy, was an entrepreneur. In 1957 he started Jamaica Broilers Limited (JBL),  a small family business that imported baby chicks from the United States.  Mr. Robert Levy, much like his father, and uncles  possessed an entrepreneurial spirit. He was able to transform a small family business into one of the Caribbean’s leading agro-industry successes. Robert Levy married Judy McDonald and together they have four children: Christopher, Wendy, Amanda and Stephen.    

 

Sydney was one of five brothers better known as the Levy brothers, who together seeded several entrepreneurial ventures. They operated a successfully company, Levy Brothers Limited . One branch of the Levy family hailed from Portugal.

 

Perween Warsi

 

The unstoppable Perween Warsi is the dynamic woman behind the Derby-based S&A Foods named after her sons Sadiq and Abid. Increasingly dissatisfied with the quality of Indian products already on the market, Perween decided to take the plunge and started her own business using her own family recipes.

M. Audrey Hinchcliffe, CD, J.P - Case Study

Audrey Hinchcliffe: Entrepreneur

Sex: Female

Age: 75(At time of the interview)

Age at start of business: 50

Firm: Manpower and Maintenance Services Limited Group

Venture:

Areas for consideration included: ethnicity, family background, social capital, education, creativity and culture.

Ethnic Background: Jamaican of African Ancestry

1.      Family Background

Audrey Hinchcliffe is the last of nine children for her parents from Lorimers, Trelawny, Jamaica, where she attended Bohemia Elementary School.  Young Audrey Stewart walked 4 miles daily to and from school. 

Case Study: Glen Christian

 

Glen Christian: Entrepreneur

Sex: Male

Age: 71 (at the date of interview)

Age at start of business: 36

Firm: Cari-Med (Portmore Pharmacy)

Venture: Distributors of Pharmaceuticals, Personal Care, Household  Products

 Areas for consideration included: ethnicity, family background, social capital, financial capability, education, niche marketing, creativity and culture.

 

Ethnic Background: Jamaican of African Ancestry

 

1.     Family Background

Glen Christian was born in the parish of Clarendon, Jamaica to Jamaican parents of African ancestry.  His mother was a market vendor.  His father died when he was approximately two and a half years old.  He learned at the feet of his mother from an early age to buy and sell.

Problem Solving

 

THIS COULD BE YOUR BUSINESS Limited  received a GCT Assesment of  approximately $5,200,000.00.

 

                    TAXES                  INTEREST           TOTAL

2008        $750,000.00           $640,000.00    $1,390,000.00

 

2009       $600,000.00           $500,000.00    $1,100,000.00

 

2010      $800,000.00           $450,000.00     $1,250,000.00

 

2011      $300,000.00           $250,000.00     $   550,000.00

 

2012      $400,000.00           $120,000.00      $   520,000.00

2013      $363, 000.00           $170,000.00      $   553,000.00

 

The TAAD Representative having audited the books of : THIS COULD BE YOUR BUSINESS Limited  found

that the sales reported in the accounting records for 2013, produced a significant variance when compared to the Sales schedule supporting the Sales reported on the GCT return . The Financial Statements reported Sales of $22, 000,000.00 while the Sales per GCT schedule $19,800,000.00 after the application of a 10% discount.  The Tax representative accepted the sales reported in Financial Statements and therefore applied the GCT rate to the amount deemed under reported. The TAJ representative next applied the same principle to prior years  2008- 2012. Penalties and interest were also charged.

I am the CEO of Slow Flow Limited. Sales grew 15% each month for the last six months. Nevertheless,  I am having great difficulty to pay my bills readily.

Observations: Receivables higher than industry norm, cost of producing the product continue to change as a result  of  the sliding devaluation. Changing cost of inputs are not readily factored in current price. Imported Raw material represents 80% of the cost. Raw materials must be paid for at the time of purchase.  Raw materials take up to 40 days to arrive in Jamaica.   The business appears  to be under capitalized.

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Cash Management:

Fay Mcintosh

What are the relevant performance measures?

How do I prioritize my needs for capital as an entrepreneur?

Karl Hendrickson: Entrepreneur
Sex: Male
Age: 65 (At the date of interview)
Age at start of business: 26
Firm: National Continental Corp Limited
Venture: The business was set up to manufacture bread.

Areas for consideration included:ethnicity, family background, social capital, financial capability, education, niche marketing, experience, creativity and culture.

Sex: Male 
Current Age : 66
Age at start of business career: 23
Entrepreneurial Manager

Names Of Businesses: Douglas C Orane Ltd; GraceKennedy Limited

Ventures: Early 70s to early 80s: Manufacturing and distribution of doors, windows and parquet floors.

Early 80s to 2011: Transforming a local trading company into an international consumer group.

Areas for consideration include: family background; ability to obtain financing; education, creativity and culture. Ethnic Background: African and European

Ian Levy: Entrepreneur
Sex: Male
Age: 68 at date of Interview
Age at start of business: 18
Firm: Ian K Agencies Limited
Venture: The business was set up to facilitate trade across borders.

Areas for consideration included: ethnicity, family background, social capital, financial capability, experience, education, market, creativity and culture. Ethnic Influences: Include Portuguese(Jew),

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