Success Lifestyle Magazine Issue 4 - April 2019 | страница 5

How to Use Your Skills to Start a Business STEP 1 Rank your 3 best skills. Identify the skill that you can transform into a career. Pinpoint the glut in the market that your skill can fill. Eureka! STEP 2 Develop a business plan. It should serve as a guide for developing your business. Use this business plan to determine: your business model the structure of your business (sole proprietorship, partnership, limited liability company or corporation) your financial plan your sales and marketing strategy the team you’ll need the company’s ethos and strategic growth plan. STEP 3 Spend between 6 months to a year testing the business in the market to determine if it’s really viable STEP 4 Register your business at the Companies Office of Jamaica and file your tax returns by the first week of March STEP 5 Keep working hard to make your business grow. Need help creating a strategic plan for your business? Contact us at [email protected] and we’ll hook you up!