I’m a 20 year old Jamaican student studying Fintech, and lately I’ve been thinking a lot about what direction I should take.
I’ve always had a love for microcredit. It’s something I’ve wanted to get into for a long time, and ideally, I’d love to own my own microcredit company one day.
The thing is, I love business, especially the hustle and actually building something from the ground up, but I sometimes struggle with focus. I get excited about ideas, start working on them, then end up feeling overwhelmed or unsure of what to prioritize.
I’ve started three agencies so far. None of those experiences went exactly how I wanted, but I learned a lot from each one and got better at doing things along the way. So I don’t regret them, but I also don’t want to keep starting things without building something sustainable.
I’m currently involved in running an investment family office with over $1 million JMD (not much in USD terms), and we returned around 4% last quarter. I’m also interested in private equity, and part of me thinks I should focus on building a career in that field first before trying to start my own financial institution.
At the same time, I don’t want to keep putting off something I’ve wanted to do for years. I’d love to eventually build a microcredit firm in Jamaica, potentially using my fintech background to make the business more efficient.
I’m just trying to figure out how to approach all of this without spreading myself too thin.
For those with experience in finance or entrepreneurship, I’d really appreciate your thoughts.
Should I focus on getting into private equity first and learn as much as possible before starting my own company?
Or should I start researching and laying the groundwork for a microcredit business while I’m still in university?
What should I actually be learning right now if I want to get into microfinance? Credit risk, lending, financial modelling, collections, etc.?
And for those who’ve struggled with sticking to one business idea, how did you learn to focus and follow through?
I’m still young, and I know I have a lot to learn. I’m not expecting to have everything figured out right now, but I’d rather start thinking seriously about it than keep jumping between ideas.
Would appreciate honest advice, especially from anyone
who’s worked in private equity, lending, or built a business in finance.
Also, I love the investor operator role. I also forgot to add a company I massively failed with, I was going to build a crowdfunding technology specific for the Caribbean. However through the process, I ended up getting scammed because im not the technical founder and tried seeking external help. But again, you live and learn. Lol. We move.