Money-Saving Decision For Small Business

Small businesses may develop different operation especially because of limited access to money. It is not always because they are lack of financial support. It is mostly because any decision they make will affect their business finance. Thus, money-saving decision is crucial for small business to keep operating while growing at the same time.

Keep some revenue cash in the bank 

Balancing small business budget by money-saving

Balancing budget of small business can be challenging because the slightest change to the finance can cause major tremors to the overall operation. Thus, financial planning is very important for small business. One of the most effective and helpful strategies is money-saving. Here are some tips for your small business’s money saving.

Reevaluate Your Toolkit

During this pandemic, all businesses are affected including the small one. For your small business, it is very essential to reevaluate your toolkit to ensure your business can run effectively during the crisis without unnecessarily wasting too much money. One important element you have to take into consideration is the toolkit. Different toolkit comes with different prices and functionality. Thus, choose the one that is only essential for your business.

Negotiate more with your vendors

In this struggling time, everyone is suffered. Thus, helping each others out is the best solution. Many vendors prefer lowering their prices instead of losing their customer entirely. If your business relies on a vendor, negotiate more to have lower prices. However, make sure that you give reasonable explanation on why you have to reach out to them.

Keep some revenue cash in the bank 

Money-Saving Decision For Small Business

Saving money is not always especially for a small business that has already had a tight rope. However, you can plan to keep 10% of the revenue in cash in the bank. This percentage of revenue will be a life saver for your business just in case it faces difficult times. You will be able to make good decision knowing that you have that 10% of the revenue to save your business when needed.

Reuse inventories

You can also save money by reuse and recycle your inventories. You can find a way to cut down any unnecessary expenses. One of them is your office supplies. Instead of keep buying new assets every year, it is wise to reuse and recycle as long as they are still function properly. This way, you can save money and reduce the waste.

Find more ways to generate income

To save money, you cannot just rely solely on your core revenue. If it is possible, you can also try to find more ways to generate your income. It can be considered as supplemental revenue for your small business. It doesn’t have to be something big. It is enough if your supplementary can add extra cash to your bank.

Saving monthly revenue

Saving monthly revenue can be used as strategy to balance your budget. You can keep 5% of the monthly revenue and let it go to your business reserve. It is a good way to build your financial stability in a slow pace. To make it easier, automate the process so you won’t have a chance to forget.

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Delivering Marketing Contents For Your Business Growth

Content is essential for your business to keep running especially in this digital age. Content is what makes your business known. It serves to attract more customers to buy your products or services. Therefore, paying attention tot he contents you are going to deliver is critical. Fresh and valuable contents tend to be what people look for. Therefore, you have to create contents that your target customers need and want.

Delivering Marketing Contents For Your Business Growth

Presenting marketing contents

The problem is, it is not easy to keep creating fresh content every time. Of course, you have a team who manage the matter of marketing content. They make advertising, blogs, social posts, PR, training materials, website, investor materials and many more stuffs. Each content contains knowledge, materials, and hardwork to ensure that your brand’s message is delivered and communicated well.

Preparing content creations

Content creation is not as simple as it sounds. In fact, it can be stressful and demanding especially with how smart customers are today. However, creating new content all the time doesn’t guarantee the marketing strategy will be successful. Also, not to mention that all contents used once or twice might just sit in the folder. You can prevent them from becoming a lost investment.

Content recycling

Delivering Marketing Contents For Your Business Growth

You can recycle the contents containing the brand and its message across the media instead of rewriting or redesigning them. Remember that no matter how far your business has become, the brand and messaging for mass media should stay consistent. Of course, including unique contents is also helpful in building your brand even more. However, being consistent in brand ;s message delivery is also critical to ensure that the objective of your business is still there. This approach of recycling used elements that have basic brand and message of your business is less costly.

Make it more accessible

In creating content, it is highly recommended to make it more accessible. You can do some content management so that every files, slides, videos, and pages can be searched easily by your team members who need them. Not to mention it can save times instead of making everything from the scratch. You can set some codes or visualization to make those materials are easy to find.

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Plan for customisable contents

Also, make sure to create contents that can be customized as needed. There are people who like making content for the time being and make it permanent. This kind of content even if it is searchable won’t be productive because it cannot be used for other events. Thus, easy-to-customize contents are highly recommended to make because they still be useful for the future.

When it comes to content creation, you can implement a motto of reuse and recycle. It doesn’t make you less creative or productive. In fact, creating contents which are reusable for the future is such a great skill. Organizing every content to be accessible and productive can help your business runs smoothly. It saves times and energy without reducing the quality because the contents themselves contain tremendous amount of knowledge and materials.

 

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Bali Real Estate Rental Guide: Taking Care of Pets

Renting a real estate in Bali is relatively easy as long as you provide clear identification and are willing to follow the landlord’s rules. But most of the landlords often have strict rules against pets, some can tolerate them within certain boundaries and some others just plainly forbid the tenants to bring any pets. So why exactly most Bali real estate rental seems to be avoiding tenants with pets?

Animal Rule in Bali Real Estate Rental

 

Pets are cute and can be a great companion for humans. But unlike us, they need extra care to make sure that they don’t do something harmful. Most pet owners already train their pets to obey the house rule, so they can tend to themselves without making a mess. But since there are also some pet owners who just let their pets do whatever they wanted, the landlords cannot take that chance.

So if you own a pet and are currently looking for a place to rent, be patient because it can be quite hard to look for a suitable place. If you do manage to get the place that allowed pets, make sure to convince the landlord that your pet won’t cause any problems. Depending on what kind of pets you own, your landlord might give you additional rules. 

Types of Pets

Animal Rule in Bali Real Estate Rental

Cats are probably the most common pet that people might have. They are generally harmless and don’t really hard to groom. But an aggressive one can potentially scratch the furniture and leave permanent damage, especially on the wooden floor. Also, if your cat is the type that likes wandering around the house, you will definitely need to clean the furs quite often.  

Dogs are another common pet. They are generally larger than cats, but because of their obedient nature, dogs can be easily thought to behave. Problems with dogs are generally the same with cats, but dogs tend to be noisier sometimes. Keep in mind your landlord might not allow you to bring a big or aggressive dog like a pit bull, because even a trained one can still be a danger to a neighbor or other tenants.     

Other animals like birds or ferrets, for example, can also be allowed as long as you can make them behave. Birds like a parrot can be really loud and can potentially disturb the others. Meanwhile, ferrets can easily sneak through the house and damage some furniture. So as long as you can handle them not to misbehave, it should be no problem. 

Fish and hamsters are a safe example. That’s because you kept both in a tank and cage so they won’t roam around the house and make a mess. Landlords usually give you a pass for these 2 animals as long as you take care of them carefully.

Lastly, if you own an exotic pet like lizard or snake, you better off buy your own house because it’s going to be even harder to find a landlord who will allow you to keep it on Bali real estate rental under his/her supervision. Just make sure to not hide them to avoid more problems later.

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Social Media For Your Business Marketing Strategy

The role of social media is essential in the matter of your business marketing strategy. Social media presence influence your brand awareness. You see, the ways consumers engage with businesses is now hugely influenced by social media presence. Therefore, it is important for a business to increase its social media engagement. You can generate it through many things such as comments, likes, share, etc. Extending your brand through social media engagement is also a way to build trust. You can even start building more loyal customer base through social media engagement. 

social media for business

Improving your business through social media engagement

Building your business engagement through social media can be tricky and challenging especially. However, it is worth a try because the impact for your business will be significant. You may need to apply specific strategies so you can build your following and customer base surely but steadily.

When you attempt to catch attention through social media, don’t think to catch everyone’s eyes. What you have to focus on more is your ideal client. Stay in your target niche by delivering more relevant contents to them. Hence they would find your posts useful and relevant as well. If you use more than one social media platforms, deliver consistent brand and image. 

Targeting

Instead of trying to impress everyone, it is better to make unique or personalized contents where your target customers find them more valuable to them. The value of the content is more important and when you can make it connected to what your ideal clients want, it is great. To build social media engagement, make sure to use the connections to be more active and engaging with your follower. You have to give your followers reasons why they should reciprocate your attempt to connect with them. 

Create relatable stories

A story has powerful impact to business and how the brand is viewed. If you want to build your brand through social media engagement, you have to create more engaging story that can connect your brand with your ideal customers/followers. You may have to define the story of your business then find out who else will be interested in it. Then, you can explain the story in a more engaging way. When you can deliver the story well, the customers will find something from the story that resonate with them. It makes them want to stay with your brand. 

Also read: Selecting Home Furniture for Small Living Spaces Yogyakarta

Sincerity

Be more genuine and sincere in building your social media engagement. Treat social media as effective tools to let your customers see who you really are. Your customers follow you on social media to really see beyond your high quality products and service. They may want to see the behind the scene of your successful brand. Thus, you may show them snippets of the process of as well as the hardships, and how you value your customers’ opinions. Don’t be ignorant just because your followers keep growing. In fact, you have to be more active, accommodating, and engaging with them. 

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Determine The Right Move When Facing Crossroads In Business

Running your own business is promising and rewarding. However, it is also full of challenges and obstacles. Not to mention that you hold full of responsibility of the business you run. Your decision will determine how it affect your business. It is not easy to make the right decision especially when it involves so many people. It is harder when the situation put your business at risks of great financial loss. 

How to determine the right move for your business

Decision-making is important aspect in business because every decision holds its own risks and consequences. However, avoiding the problems will only cost you more. It will only put your business at higher risks. Thus, making efficient and effective solution is a must. 

crossroads business

What you have to focus on is not how to make the right moves or decisions but how to make decision that will reduce the number of mistakes you make. That’s the main goal of decision-making. Making mistakes is common in business but when it happens all the time then your business is doomed. Therefore, reducing the risk of making mistake is important. 

Economic impact

There are main factors you can focus on when making the right moves for your business when facing crossroads. The very first factor you need to consider is the economic impact. It includes the cost of money, time, and personnel. This impact can be estimated and calculated because the result is in number. The estimation may not exactly accurate but at least you have informed base. Educated guesses are better moves to take than hitting blindly on the target. When you look at the sums, see if the risk is worth the reward.

Brand value

Make sure that the decision you make doesn’t change pr reduce the value of your brand. The decision you make should cause improvement for your business. In making decision, it is impossible to please everyone. Thus, you have to choose a decision that makes you stay on what you stand for as a brand. This way, you will be able to make thorough calculation and improve your business as the result. 

Preparing yourself for any scenario

In searching for the right move for your business, you have to be aware of the worst scenario that possibly happens. This way, you will be more prepared when unpredictable result is what happens from the decision you make. However, you can also estimate the possible best scenario. This can help you plan the next moves to take if it really happens so you will not get overwhelmed or freeze on the spot. 

More stuff to read: The Perfect Seating for Living Room Furniture Yogyakarta

Trust your instincts – and your team

Other important factors in decision-making include gut instinct and teamwork. Your intuition is often based on accumulated experiences which lead your subconscious to certain path. Thus, do not underestimate it. Listening to your gut can save you from troubles. It is also important to trust your tea because you hire them for a reason. They are capable and skillful people you trust so discussing he issue with them and giving them opportunities to give solution or suggestion is the right move. 

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Tips for Entrepreneurs To Cope With Stress

Being an entrepreneur is not an easy path to choose. It is full of responsibility especially when you are a solopreneur. When you decide to involve in entrepreneurship, it means you also have responsibilities as a leader. You have to take care of many things so everything is running smoothly. When you acquire new role, you have more burden. It also means you are more prone to stress and any fatigue both mentally and physically. It is essential to know how to cope with the stress since it can lead to more problems if you keep piling it up.

Coping with stress for entrepreneurs

Every individual may have their own way to cope with stress or fatigue due to work. When you are an entrepreneur leading and running your own business, feeling lonely and stress is bound to happen. However, every individual may experience different intensity or frequency. Regardless, it is important to not succumb to any kind of stress because it can hold you down from reaching your goal.

Tips for Entrepreneurs To Cope With Stress

Meditation and Mindfulness

One of the many things you can do to cope with stress is to practice mindfulness and meditation. Your mind is the key to almost everything related to your physic and mental. When your mind is too hectic, it is easy to get stress and distracted. You will also get less productive which can affect your business flow. Your mind holds power so when something wrong happens, it is easy for errors to happen.

Know how to respond to symptoms of stress

As an entrepreneur, it is highly recommended that you equip yourself so you will be prepared how to respond to any symptoms of stress. Practicing mindfulness and meditation doesn’t have to make you spend hours a day. It is enough for you to spare 30 minutes a day to do it. This simple practice to cope with stress can help you clear your mind. This kind of silent retreat is important to do every once in a while especially when you think you have had enough with all the stress caused by your business.

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Don’t normalize the stress

Stress is not uncommon especially for entrepreneurs. However, it doesn’t mean you can normalize it. It is something you have to cope with. When you neglect and pile up the stress, it is easier for you to get agitated, irritated, and feel lost. Those are not good if you are in a position to run a business. It is true that running a business requires you to use your logic more but emotional fatigue can be dangerous too. It is not only bad for your business but for yourself.

Self-care

Self-care is important especially for entrepreneur because business world itself is full of things that trigger stress. Physical fatigue is not the only thing you have to be aware of. Your emotion needs to be stable as well so that you can more focus on things you have to do with your business. Taking care of yourself should be part of your goal too aside from reaching professional success.

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The Impact Of Self-Promotion To The Success Of Female Entrepreneurs

Entrepreneurship open chances to be successful for everyone regardless of gender or ages. Thus, it is not impossible to see more women success in leading their own companies in the future, it has even begun now. However, there is a bit issue on why less women are exposed to be a successful entrepreneurs even after what they have managed to earn and achieved. One of the reason is the lack of self-promotion. You might think that just because women like talking, they are more aware of self-promotion. In fact, lots of female entrepreneurs lack of self-promotion. Meanwhile, the impact of self-promotion to make them successful in  business is significant.

Why self-promotion important for women to be successful in entrepreneurship

Why self-promotion important for women to be successful in entrepreneurship

The studies found that the more successful women are, the less they likely to brag their achievements. They tended to downplay their achievement to blend in. However, self-promotion is a great weapon women can use to boost their success in running their own business. It opens more opportunities to grow bigger.

It helps you to achieve success

Some female entrepreneurs may find it to be time-consuming to just tell their achievements or accomplishments to the others. They are also most likely afraid to be considered as arrogant. Thus, many female entrepreneurs choose to downplay their strengths. However, self-promotion or bragging can help women achieve success even more. The study even showed that both women and men enjoy hearing women talk about their achievements and accomplishments. It makes people respect them even more.

The success of woman is considered special

Women success is not something but still considered as special. It is something inspirational. It is because there is still stigma or stereotypes about women in general which makes people view women as weaker creatures than men. Therefore, successful women always manage to inspire other people. Their success can inspire the others to work harder and dream more. Therefore, it is highly suggested that you start your self-promotion because downplaying your strengths or accomplishments is so detrimental.

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Promotes positive network

Why self-promotion important for women to be successful in entrepreneurship

Self-promotion is also important key for female entrepreneurs gaining success because it promotes positive network. You can brag more about your accomplishments or achievements in not an arrogant way during networking sessions. Use this opportunity as a chance to share your experience that can inspire other people who listen. Self-promotion can help boost your fellow female entrepreneurs. They will be more motivated to do as good if not better than you. Self-promotion is empowering for women because it can boost your own confidence. It makes you feel like you do something to the people around you especially fellow entrepreneurship.

Displaying how wonderful your team is

Another reason why self-promotion important for your is because you can relay how wonderful your team is. How hardworking they are to make dreams come true. Therefore, self-promotion is not only about your personal accomplishment but also the entire journey of your business, including your valuable team. It may also inspire people to develop good leadership. This kind of self-promotion will also open the gates for more opportunities to build larger networks. It is like a bonus but essential to gain more success.

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Small Business And Change Management Issues

Business faces its own issues in various aspects including management and its possible changes due to various reasons. It is actually not the issues that small business only faces because even large business face some difficulties overcoming the issue of change management especially due to technological factor. Adapting to changes is not easy for business regardless of the scale. However, small business is particularly in unfavorable position when it comes to technological changes. They have various limits to help them overcome the issues. For example, lack of resources can put them in trouble when there are technological changes. As the result, they are incapable of competing with larger businesses. 

Small Business And Change Management Issues

Overcoming change management issues

Even though small businesses are in less favorable condition when it comes to technological changes, it doesn’t mean they have no hope to get out of the crisis. Small business can actually overcome the situation by doing more with less. Agility is one of the most important qualities small business should have if they want to be more capable in handling change management issues due to technological factors. 

Poor change management practices will lead to failure. Therefore, sharpening and developing change management is a very important thing to do for small business. Change management itself refers to a systematic process to deal with any transition or transformation of goal, processes, or technologies of the organization to ensure that intended outcomes are resulted. Responding to changes is not a minor issue. In fact, it is a major one because it affects business in general. However, it is also important to choose the right change management models that help deal with the issues without disrupting the business itself. 

Leaders are the main players in this situation. The way leaders take initiative to handle the issues affects the outcomes. Technological changes are possible to handle by doing the right approaches and strategies. Leaders should approach technological changes as gradual process. It means, it involves frequent interactions to help reshape opinions and behaviors of the employees as well. As the results, the employees will be able to learn quickly while embracing and supporting it. 

Strategies and approaches are important but communication is essential. Poor communication will lead to more problems. It is important for leaders to share necessary information with their employees so they are aware of the situation instead of being kept in the dark. However, it is important to only give relevant information as to not overwhelm the employees. 

Technological changes are bound to happen because we are living in digital age. Technology is supposed to be taken advantage of to your benefits. Technology can help improve business in various aspects including management, communication, automation, cost, productivity, and many more. Choose the right tools of technology that truly fits the flow and goals of business you are running. There are so many tools but not all of them are helpful for you. The way to know which one is right for you is by conducting a comprehensive requirement assessment beforehand.

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Why You Should Invest in Bali Real Estate

If you ever wanted to invest in something for future profit and intend to consult first on what you should trust your money with, most people would say investing in property would be a good and safe approach. The reason being is because the human population will keep increasing, the demand for properties would keep getting higher each day. In Indonesia for example, Bali real estate is a thriving business that can have a huge price jump each year.

 A comfort bali real estate for short and long term investment

Investing in Bali real estate is hugely beneficial for the future 

As we all know, Bali is one of the many vacation islands in Indonesia which can have millions of visitors each year. From all those visitors, many of them decide to stay on this beautiful island whether it’s for a period of time or indefinitely. So with that in mind, the demand for real estate comes not only from the locals but also from foreigners as well. This is already an advantage for Bali’s property. 

Aside from the high demand, most real estate in Bali like villas and hostel is surrounded by the beautiful nature that you can’t find in a big city like Jakarta or Surabaya. Most real estate owners usually build their property near beaches, cliffside, forests or rice fields. With a relaxing atmosphere and quiet neighborhood, people will feel like resting in remote areas far from a busy life in the city.

 But, it might be harder to get real estate in Bali compared to other provinces

Compared to Java, Bali is just a small island in the middle of the Indonesia archipelago. This factor makes the price for each land in the area can be way higher because of the limited space. Another reason is the fact that Bali is a vacation island by itself, causing each property can have a great prospect for development in the future. Those problems making people who are willing to invest need to act fast in order to get the property that they wanted.

Based on the statistic, apparently in the last 2 years namely 2018 and 2019, Bali real estate business didn’t have any significant price change compared to growth in previous years. This is because lately, most owners tend to wait and observing the market, causing them to hold their prices or even lower it. So, what a coincidence that currently is the best moment to invest in case you’re interested to own a property in Bali. Who knows maybe you can have a residence that you wanted at a reasonable price!

When looking for properties with a reasonable price, you should try using the site with a large database of villas and lands so you sure can find the one that you need the most in the future! 

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Dealing With Difficult Conversation Within Professional Settings

Involved in business industry means you are meant to interact with other people. Be it your workers, customers, business partners, investor, and many more. It is bound to happen to meet difficult situation during one of your interactions with them. Difficult conversation within professional setting is not uncommon. In fact, you should be ready to face it. Communication is delivered through many ways. Two-way communication is important in professional settings as to not cause any misunderstanding. 

Dealing With Difficult Conversation Within Professional Settings

How to handle difficult discussion within professional setting

Keep in mind that discussion is important when it comes to business and life in general. Problems can be solved through effective communication. However, it is also often that conversation leads to hot debate. It can turn into disastrous event than end badly on either sides. To make you more prepare of how to deal with difficult conversation or discussion within professional settings, here are several tips to try.

Thread your words

It is true that during professional discussion, you need to thread the words carefully. Wrong words can lead to many possible result. If you are in difficult or challenging conversation, avoid responding in a hurry. Take your time to listen and digest every piece of information the others deliver. Even if in the half way through you already disagree, hold yourself back from responding or making rebuttal. Instead of just hearing the others, try to understand their underlying motivations. If you need time to think, tell them and let them know you will get back to them soon. It makes you thoughtful listener.

Avoid unrelated issues or rumours

How to handle difficult discussion within professional setting

Dragging in rumours about the others just because you want to win the argument is detrimental. More importantly, it is not wise action in professional setting. Keep in mind that the point of discussion is not win the argument but to achieve main objective t work effectively. If you want to encounter their arguments, make sure to only state facts and deliver them calmly. Try not to raise your voice.

Start with positive mind

If you have the mind to win the others over or make them agree with what you are going to say, it is already bad situation. It will only make you more narrow-minded and unacceptable. It makes you failed to see the larger pictures. Therefore, it won’t result positively. To help you ease up the discussion, start with positive mind. Also, calm your mind and let them open by thinking the larger picture. Try to think of long-term success you can achieve instead of focusing your mind solely on trying to win the arguments. 

Don’t take it personally

Do not get personal when you have professional discussion within professional settings. Try to be calm and professional. Avoid touching personal subject and don’t make the conversation personal. Be clear and direct in talking your points to the others. Make sure that you show clear objectives through the conversation. Don’t be apologetic of the situation especially when you have the authority. Be a decent, respectful person but don’t apologize for something you should not. 

 

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