Advice for Your Jamaican Business from Scotiabank

The Sunday edition of the Observer reported that “SCOTIA Group Jamaica reported net income of $10.6 billion for the year ending October 31, 2012, $43 million less than the same period last year.” The supporting data in the article showed that Scotiabank did well in a climate of economic hardships.

Scotiabank supports small businesses and offers online resources to help Jamaican entrepreneurs start, maintain and grow their business. Here are some articles worth looking at:

Thinking About Starting Your Own Business? – Some of the things to consider if you are thinking of being an entrepreneur are: Are you willing to take risks? Have you done your market research? Have you determined your start-up costs?

Do You Have What it Takes to be an Entrepreneur? – Some of the questions to ask yourself:
Do you like making decisions?
Are you ambitious?
Are you motivated?
Do you have good people skills?
Are you organized?

What to Consider When Expanding Your Business? – ” Grow too quickly and you can take on costs your business may not be able to support. More importantly, grow too slowly and you may miss out on valuable opportunities. Make sure your plans fit with market conditions and with your personal goals.”

Interactive Tool to Help You Write a Business Plan -Take advantage of this interactive tool to help you chart the future of your business.

10 Ways to Improve Cash Flow of your Business – “In the business world, cash is king. You may anticipate large profits in the next six months, but if you don’t have enough cash coming in to cover your expenses during that time, you may not get a chance to realize those earnings. That’s why it’s important for all businesses to develop the right strategies to maintain a healthy cash flow. The following tips can help:”