CYMC Business Academy

𝐒𝐓𝐄𝐏𝐒 𝐓𝐎 𝐇𝐀𝐕𝐈𝐍𝐆 𝐀 𝐁𝐄𝐓𝐓𝐄𝐑 𝐘𝐄𝐀𝐑 𝐓𝐇𝐀𝐍 𝐓𝐇𝐄 𝐋𝐀𝐒𝐓

As the new year begins, many people have these goals to
“Make more money.”
“Start a business.”
“Change my financial story.”
“Grow personally.”

But here’s a hard truth most people skip - Your results this year will not change unless your skills improve or are better positioned.

For your results to improve this year, it is important to review your tools and identify the areas where attaining growth is essential, else you will work endlessly again this year without commensurate results

This is where doing a 𝐒𝐤𝐢𝐥𝐥 𝐒𝐖𝐎𝐓 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 comes in.

A skill SWOT Assessment is a simple but powerful way to evaluate yourself and make plans your year by identifying:

S – Strengths (What you do well)
W – Weaknesses (What limits you)
O – Opportunities (Where demand exists)
T – Threats (What could hinder you)

1) 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝𝙨
– 𝑊ℎ𝑎𝑡 𝑐𝑎𝑛 𝑦𝑜𝑢 𝑑𝑜 𝑡ℎ𝑎𝑡 𝑠𝑜𝑙𝑣𝑒𝑠 𝑝𝑟𝑜𝑏𝑙𝑒𝑚𝑠?

Ask yourself:
- What skills do people already come to me for?
- What can I do confidently without supervision? Also
- What activities give me results with less effort?

Your strengths may include: good communication skills, teaching, organizing, writing, selling, tech skills, excellent cooking, problem-solving, etc.

Your strengths are clues to where your money can come from, however, too many people ignore what they’re good at and chase what’s trending. The smarter move this year would be for you build around and monetize your competence.

2) 𝙒𝙚𝙖𝙠𝙣𝙚𝙨𝙨𝙚𝙨
- 𝑊ℎ𝑎𝑡 𝑡ℎ𝑖𝑛𝑔𝑠 ℎ𝑜𝑙𝑑 𝑦𝑜𝑢 𝑏𝑎𝑐𝑘? (Be honest here — this part requires humility).

Ask yourself:
- What skills do I lack that limit my growth?
- What do I avoid because I’m not confident?
- Where do I consistently struggle?

Weaknesses could be: Poor communication, Lack of discipline, low digital skills, your lack of education or limited educational qualifications, poor financial management, fear of selling or visibility, lack of selling/marketing skills, etc.

Note, weaknesses are not curses — they are obvious areas for training you need. The goal is not to be perfect, but to improve intentionally.

(𝑇𝑜 𝑏𝑒 𝑐𝑜𝑛𝑡𝑖𝑛𝑢𝑒𝑑...)

Where is money?

How do you earn when you don’t have a job — or when you lack the capital to start a “big” business?

More importantly, how do you sustain yourself in the meantime?

Here’s the truth many people miss:
You don’t need millions to start earning.
Sometimes, all you need is a skill, consistency, and the courage to start.

Many people are waiting for money before they move. But in reality, most side hustles don’t require capital — they require effort.

For many income streams, you learn the skill once, and then you earn from it repeatedly.

Here are 7 realistic side hustles you can start today to support yourself 👇

Quote of the day...

Business Foundations Series [BFS]
𝙒𝙃𝙀𝙉 𝙎𝙃𝙊𝙐𝙇𝘿 𝙔𝙊𝙐 𝙎𝙏𝘼𝙍𝙏 𝘼 𝘽𝙐𝙎𝙄𝙉𝙀𝙎𝙎? 𝙋𝙩 2

Are you tired of living from paycheck to paycheck —surviving between monthly salaries, contracts, or stipends from part-time jobs?
Starting a business allows you establish some control over your income flow.

Owning a business can open the door to greater financial freedom and a life where your earning potential is no longer capped by a salary.

While a job has a ceiling, a business doesn’t. Your growth is tied to your creativity, your effort, and the value you bring to the marketplace.

But as rewarding as business can be, starting at the wrong time can expose you to unnecessary stress and avoidable challenges.

𝑆𝑜, 𝑤ℎ𝑒𝑛 𝑖𝑠 𝑡ℎ𝑒 𝑖𝑑𝑒𝑎𝑙 𝑡𝑖𝑚𝑒 𝑡𝑜 𝑠𝑡𝑎𝑟𝑡 𝑎 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠?


1️⃣ 𝙒𝙝𝙚𝙣 𝙮𝙤𝙪 𝙨𝙩𝙞𝙡𝙡 𝙝𝙖𝙫𝙚 𝙖 𝙨𝙩𝙖𝙗𝙡𝙚 𝙤𝙧 𝙨𝙤𝙢𝙚 𝙨𝙤𝙧𝙩 𝙤𝙛 𝙞𝙣𝙘𝙤𝙢𝙚 𝙩𝙤 𝙛𝙪𝙣𝙙 𝙮𝙤𝙪𝙧 𝙚𝙖𝙧𝙡𝙮 𝙜𝙧𝙤𝙬𝙩𝙝

Every new business needs capital, patience, and consistency.
In the early weeks and months (and sometimes years), profits are usually small. That’s why having a steady income to support yourself is essential.

Besides your new business like a baby, would need all attention, nurturing, and continuous reinvestment to have it grow. Whatever it makes at the beginning should go back into the business, not into your pockets.

During these periods, you'd need something else (the job) to cater for your needs.

Keep your job while building your business on the side. Your salary buys you time, reduces pressure, and gives you the freedom to test ideas, make mistakes, learn, and grow without fear of survival.

𝐴𝑛𝑜𝑡ℎ𝑒𝑟 𝑔𝑜𝑜𝑑 𝑡𝑖𝑚𝑒 𝑡𝑜 𝑠𝑡𝑎𝑟𝑡 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔 𝑎 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑖𝑠...

2️⃣ 𝙒𝙝𝙚𝙣 𝙮𝙤𝙪 𝙝𝙖𝙫𝙚 𝙡𝙤𝙬 𝙥𝙚𝙧𝙨𝙤𝙣𝙖𝙡 𝙧𝙚𝙨𝙥𝙤𝙣𝙨𝙞𝙗𝙞𝙡𝙞𝙩𝙞𝙚𝙨

Starting a business is much easier when your financial responsibilities are minimal.
Fewer bills, no dependents, and a flexible schedule, which gives you the freedom to take calculated risks without overwhelming pressure.

"Build your house before you need it, not in the bad weather when you need it"

That’s why your youth years, early adult life, and early years of marriage (before kids or heavy responsibilities) is ideal. Later years in life too, when your children are grown or your responsibilities have reduced, is also a great time to make your entrepreneurial move.

𝑁𝑒𝑥𝑡...

3️⃣ 𝙒𝙝𝙚𝙣 𝙮𝙤𝙪 𝙝𝙖𝙫𝙚 𝙜𝙖𝙞𝙣𝙚𝙙 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙞𝙣 𝙖 𝙛𝙞𝙚𝙡𝙙

Before jumping into business, ask yourself:
Do I have experience that gives me an advantage?”

Experience = Insight
Insight = Competitive Advantage

Your years of work—whether in a formal job or freelancing—have taught you structure, customer service, management, problem-solving, and industry realities.

These are golden assets you can transfer into your own business. Many people fail in business simply because they lack the experience and ability these skills afford needed to navigate challenges.

Sometimes the best time to start is right after you’ve mastered a skill, built competence, or gained deep industry knowledge.

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𝐴𝑅𝐸 𝑌𝑂𝑈 𝑅𝐸𝐴𝐷𝑌 𝑇𝑂 𝑇𝐴𝐾𝐸 𝐶𝑂𝑁𝑇𝑅𝑂𝐿 𝑂𝐹 𝑌𝑂𝑈𝑅 𝐼𝑁𝐶𝑂𝑀𝐸?

If you want to escape the cycle of financial stress and build income that grows far above your needs, start building a business—no matter how small.

Take action — start building your business.
Start small, but then just start...you can't tell how big the little business could get to become.

GET GUIDANCE:

Check out our course "𝙂𝙐𝙄𝘿𝙀 𝙏𝙊 𝙎𝙏𝘼𝙍𝙏𝙄𝙉𝙂 𝘼 𝘽𝙐𝙎𝙄𝙉𝙀𝙎𝙎 — 𝘽𝙤𝙤𝙠𝙨 1 - 3" for step-by-step direction.

(See link in the comments section.)