Amid escalating operational costs and tightening cash flows, the Jamaica Business Development Corporation (JBDC) has issued a critical warning to micro, small, and medium-sized enterprises (MSMEs) in Jamaica. The agency emphasized the importance of recognizing and addressing early signs of financial distress to avert bankruptcy. This advice was highlighted during the JBDC’s recent Virtual Biz Zone webinar, titled ‘Debt Alarm: Identifying the Signs of Financial Distress,’ which was conducted in partnership with the Office of the Government Trustee (OGT). The session aimed to equip entrepreneurs with actionable strategies to detect and mitigate financial vulnerabilities before they escalate into business collapse.
