To operate a successful small business, it takes determination, hard work and, most importantly the necessary skills to run a business on a day-to-day basis. A great business idea is only as good as the ability to put it into practice.

In any dynamic economy, new business opportunities will always emerge, ready for developing and exploiting by entrepreneurial individuals and enterprises. But to successfully exploit a business opportunity you need, first and foremost, to correctly identify that the situation presented or detected is in fact a real opportunity.
For example does it:

• possess an acceptable level of risk?
• have the potential to generate income and/or capital growth at a level that will provide an acceptable return on your investment?
• satisfy the lifestyle criteria you have identified for yourself and family?
• use your existing skills and resources?

Have you checked the master list of business ideas?

Many people make the mistake of selecting and pursuing business opportunities simply on the basis of their viability, rather than their suitability. It is important when looking out for business opportunities that you consider as wide a range of issues as possible, not least of which are the personal ones. The right business opportunity is one that fits within the personal capabilities of the proprietor and is in a viable industry. Both matters are equally important! Access to a network of reliable information, support and advice is also necessary.

The Jamaica Business Development Corporation (JBDC) and its Network of business advisors provide a specialist network committed to the establishment and growth of small-to-medium enterprises throughout Jamaica. In various locations around the State, they assist business operators to capitalise on opportunities and focus on success by supporting them with access to all the information and advice they need to expand their ventures. Together, the JBDC and its Network of business advisors are working at building the future of small-to-medium sized enterprises in Jamaica.

PLEASE NOTE: In providing these business opportunity ideas, the Jamaica Business Development Corporation (JBDC) does not endorse or guarantee the success of any particular product or service. The JBDC strongly recommends that before commencing any new business venture or idea, detailed research and planning be undertaken and the skills required to successfully operate a small business be developed.