Success Lifestyle Magazine Issue 7 - January 2020 | Page 41

That wedding planner or bride will also order wedding programs, cake boxes and so on. The financial pay- off from the wedding-related business model was greater than the less sustainable personalised greeting card model Shifting the business model meant that more orders were coming in and I needed to dedicate more time to business growth. Jheanell was very supportive. I went to her workplace one day during lunch time and told her that I had just left my job and this was really going to happen. She was a bit anxious but was, and continues to be, my source of strength. There are big opportunities in the wedding industry. Statistics show that the number of weddings are declining year-on-year, but the quality of weddings is increasing. People are spending more on weddings and the desire to have a unique wedding is big. Therefore, there are several opportunities for Stewy’s Greetings to expand into other areas of the wedding industry. Here is my advice to anyone who is considering leaving their 9 to 5 to pursue entrepreneurship full-time: 1 Have proof of concept before jumping into a business. Do more than identifying needs and getting people to say, “yes”. Start your business, prove that you have sales and then decide whether the business is at a place where you need to leave your job. It would then just be a matter of scaling to get more sales. 2 Have a plan. Why are you quitting? What are you going to do when you quit? If you’re just quitting without any real strategy in mind, you won’t be able to scale the business. Issue �: January ���� What marketing strategies would you suggest to someone who wants to start a business in Jamaica? The global trend is that more people are spending time online.Therefore, you should learn and master strategies in social media marketing. Learn the art of paid advertising. Learn how to target people using social media platforms. Facebook marketing has helped Stewy’s Greetings a lot. Paid advertisements can cost far less when compared with traditional advertisements. You budget before pouring thousands of dollars into a campaign. I would say that social media ��