Billionaire Michael Lee-Chin on Winning Business Opportunities, Creating Wealth and Practical Advice For Your Caribbean Startup

From StartUP To ScaleUP

“I’m a lot more responsible with investors’ money than with my own money.”

My great friend, the entrepreneur and billionaire Michael Lee-Chin joined us for our first podcast episode to give as much value as possible and dare I say, he over-delivered.

He went in-depth, providing specific context into most of the business frameworks he’s known for, then ended with a new gem that’s both easy to implement and immensely transformative.

So you’ll be hearing new approaches to strategies he’s shared before, plus nuggets that he has not shared before that young entrepreneurs can directly benefit from.
In this episode, we’ll talk about the laws of wealth creation and the characteristics of profitable businesses, how to gain access to and build rapport with successful people - even if you’re unknown, how to identify business opportunities worth your time and effort, and so much more!

About Michael Lee-Chin

Michael Lee-Chin, President and Chairman of Portland Holdings, is widely regarded as a visionary entrepreneur whose philosophy of “doing well and doing good” has resulted in extraordinary business success and inspiring philanthropic initiatives. It all started in 1978, when, as a young investment advisor seeking to deliver the highest value add to his clients by making them wealthy, he developed a framework that would guide his principles for life, business, and investing, which became known as the 5 Laws of Wealth Creation and is complemented by the 10 traits he seeks out in successful businesses.

Highlights

Mike’s biggest motivation for becoming an entrepreneur

Putting rejection into perspective

How Mike delivers maximum value

The five laws of wealth creation

Ten characteristics of wealth-creating businesses

Signs that your business is on the right track

The three key elements for customer happiness and referrals

Understanding that life is not linear

The antidote to giving up and how to hold on through the inevitable dips in life

How to build relationships and rapport with successful people

Audience Q&A - What's the best way to vet your team as you expand? How should you think about building out your board? Why is autocratic leadership essential?

Founder Q&A - Narda Ventura https://eZeepayments.com: What are some of the key pillars we should be focusing on as an early-stage FinTech market entrant?

Founder Q&A - Ferone Bryan https://MinuteCarRentals.com: How do you find balance as a young business owner between growing your business and dedicating time to your family?

Founder Q&A - Cordell Williams https://TransformationalLifeSolutions.com: How can entrepreneurs continue to create value and grow with clarity and confidence in an ever-changing environment?

Founder Q&A - Arnaldo Brown, Honey You: Are you staying the course in the Agricultural Sector?

Resources & Recommendations

Michael Lee-Chin | Life Is Not Linear https://www.youtube.com/watch?v=4YDOtZjkjM4

Apply to be a member of the next cohort of RevUP Caribbean, the Caribbean’s first virtual business incubator for high-growth start-ups at https://www.revupcaribbean.com/

Join the Young Entrepreneurs Association of Jamaica where you can access opportunities to take your business to the next level at https://www.yeajamaica.com/

Composer: Seretse Small, Founder, Avant Academy of Music