• Do you have what it takes?
• The Business Plan
• Getting Money for Your Business
• What must you do to start a business in the BVI?
• How Do You Apply?
• Trade License Approved, What Next?
• Business Taxes

Owning your business can result in great rewards if you do it the right way.  Business ownership can provide you with economic independence, versatility and prosperity.  Many of the wealthy businesspeople in the BVI started out small and grew their businesses to multi-million dollar companies. This might be possible for you, too. 

Key questions to ask before starting your business

Before starting a business, you need to do market research to determine your chances of succeeding. Some of the key questions you must answer are:

• Is there a market for my business in the BVI?
• Can I create a market for my business in the BVI?
• Will I be able to supply the demands of the market?
• Is there a potential for my business to become profitable?
• Will I be offering something no one else is offering?
• If others already have the same type of business, how will I make mine stand out?
• How long will it take for my business to become profitable?
• What is the saturation level of the market for my business?
• Is there competition for my business?
• Will competition limit the profitability of my business?
• What is the growth potential for my business – can I start small and grow it over time?
• How small or large should my business be?
• Do I have the right location for my business?
• Do I have the right name for my business?

Only after you’ve done your market research and answered these questions, will you know whether starting your business is a good idea.  Remember there are no guarantees to success, but covering all your bases by doing your research makes you more likely to achieve your business goals.