The Jamaican market is ripe for so many small and big business ideas.
Some will require a little capital while some might need a bigger startup capital. However, while searching for small business ideas in Jamaica you should also ask yourself the following questions:
- What do you like to do?
- Where do you see a need in the market and how can your talents fill it?
- Who is your ideal customer?
- Are you planning to do this long-term?
If you can answer all of those questions, you’re ready to start a small business in Jamaica.
But if you need some inspiration, have a look at this list of small business ideas that can work really well in the Jamaican market.
The Best Small Business Ideas For The Jamaican Market
1. Delivery services
A courier service or small-scale delivery service might be your best option if you want to start a small business with little startup costs.
You won’t have to spend much on equipment, there are no education or experience requirements, and there are limitless potential customers at your fingertips.
To get your courier service up and running, all you need is a vehicle and a cell phone.
You can start this in your local area, for example, Montego Bay or Kingston.
Then slowly expand to other busy commercial areas in Jamaica like Mandeville, St Ann and so on.
If you already have a car, all of the other essentials can be obtained in one shopping trip to the hardware store.
Overall, you should make sure that you have the following items:
- A cargo van, box truck, or pickup truck that is fuel-efficient is ideal. An SUV or even a tiny automobile may suffice if you’re just delivering little items.
- You’ll need to secure the cargo with a set of ratchet straps.
- A cellphone, ideally one that is distinct from your personal phone, for business-related calls.
2. Car wash and detailing service
Car detailing is the interior and exterior cleaning, restoring, and polishing of a vehicle to brand-new condition.
Cleaning and restoring the car’s finish, trim, windows, wheels, and tires are the responsibilities of exterior detailing.
Interior detailing is the process of cleaning and polishing the inside cabin of a vehicle.
Some detailers offer light cosmetic touch-ups as part of their services, but paintwork and body repair are not generally done during this procedure.
Currently there aren’t any major car wash and detailing services in Jamaica that operate professionally like a REAL business.
I have been to many car washes in Jamaica and I’ve yet to find one that respects your time as a customer.
On every visit I have to wait 2-3 hours just to get my car washed and detailed.
The market is wide open for anyone who wants to start a professional car wash and detailing service that lets the customer set an appointment to come with their car.
3. Mobile fruit & vegetable selling service
If you can source local fruits and vegetables and have a vehicle to deliver to customers in your area, you’ll do very well.
Just put up a website so that customers can order and have it delivered to their home.
One of the biggest selling points would be that it’s locally grown and not imported GMO veggies and fruits.
If you go into any major supermarkets in Jamaica, 80% of the fruits and veggies are imported.
If your service only sells locally grown fruits and veggies and promotes your business on social media, Jamaicans will support your business as long as it’s affordable and high quality.
4. Vegan Restaurant
Why vegan? Because this market is growing locally and internationally.
Not only would you get local customers but there are thousands of vegan tourists that visit Jamaica each year.
If you’re serious about food (and entrepreneurship), your ultimate ambition may be to open your own deli, cafe, or full-service restaurant.
Even though starting a restaurant is one of the most difficult and expensive business ideas on our list, those who are dedicated to putting in the effort can reap significant benefits.
You have to make sure that you market locally via social media to get the word out about your restaurant.
Print some flyers and have them available in hotels.
5. Business registration service
Registering a business in Jamaica can be overwhelming.
If you can create a service that handles the
- Business registration
- Getting the TCC (Tax Compliance Certificate)
You will have a stable inflow of customers as a lot Jamaicans are now starting their own businesses due to the pandemic.
You can offer consulting on business name selection and what type of business structure (Sole Proprietorship, LLC or Corp) fits best.
6. Mobile food truck
Take your mother’s famous dumpling recipe or crazy dessert concept out on the road to local busy areas, city center plazas, corporate complexes at lunchtime rush, anywhere you’ll likely attract a crowd.
A good place for a business would be in the freezone call center area in Montego Bay that employs thousands of people.
Keep in mind that to operate a food truck, you must follow a distinct set of regulations and safety compliance standards.
So consult with your local Ministry Of Health Department to figure out what your mobile restaurant will need.
7. Accounting services
Do you have your CPA or are you a business accounting software expert?
Your less-math inclined entrepreneurs can benefit from your assistance in keeping their personal and commercial finances straight.
You’ll be responsible for processing invoices and payroll, compiling expense reports, and more as a bookkeeper.
If you have a CPA license, you can assist company owners with tax returns, financial statements, and other accounting documents, as well as make professional recommendations about their bottom line.
If you have the knowledge to start your own accounting or bookkeeping service, this is one of the most lucrative and worthwhile small business ideas for you.
8. Real estate business
Jamaica has a vibrant real estate market.
If you’re passionate about real estate, there are a number of ways to help other companies or even individuals in your industry.
You might start your own real estate firm and collaborate with businesses or private citizens to locate the ideal workspace, home, or apartment for them.
Alternatively, you can buy a property of your own (assuming you have the business cash) and operate as a property manager or landlord, renting out rooms to tenants.
People will always require a home, and businesses will always need a location to establish.
Why not be the business to assist them throughout their real estate transaction?
9. Business planning service
If you’re a serial business entrepreneur who has successfully launched and operated a few enterprises before, you’ve undoubtedly written many business plans in your life.
Writing a business plan is an important first step for any startup, but not all entrepreneurs are aware of the steps involved.
A business planning service is one of the best small business ideas for seasoned entrepreneurs looking for their next venture.
Clients will line up for your services if you know how to go all the way through the process of developing a business plan, including business funding options, market analysis, and competition research, among other things.
10. Tax consulting
If you’re a CPA or an enrolled agent, consider starting up a service for business taxes for Jamaican business owners.
Filing and managing business taxes might be one of the most difficult elements of operating a company.
So if you’ve handled all things tax-related before, business owners will be ready to pay for your services.
In addition, unlike personal taxes, many companies will need a tax advisor on a year-round basis, which means you’ll be in demand throughout the tax season and beyond.
11. In-home beauty services
Before you open a brick-and-mortar salon or prepare a place in your own home, start by becoming a professional stylist for an on-demand beauty application so that you and your tools may travel to your clients’ homes.
Working evenings or weekends is an excellent method to transition into retirement gradually while simultaneously building up a loyal client base.
12. Automotive repair
Automotive repair companies provide a comprehensive range of services for cars, from oil changes and engine repairs to tire services and bodywork, as well as interior and exterior deep cleans.
Car repair businesses can specialize in a certain area, such as foreign vehicles, antique automobiles, or specific brands.
The Jamaican auto industry is also vibrant which means auto repair shops will always be in need.
Starting and growing a business in Jamaica takes a lot of work but the payoff is huge for anyone to make it happen.
Make sure to read this guide about starting a new business in Jamaica.
If entrepreneurship was easy everybody would be doing it, that’s why the reward is so high.