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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Tips To Be More Prepared To Run Your Own Business

Running your own business opens more opportunities to build your own wealth and career stability. However, entrepreneurship is not for the weak. It has its own risks and weighs you should be prepared of. The challenges are real and cannot be taken lightly. However, there is no use to keep waiting for the right time to start your own business. You can snatch the opportunity when you see it. Then, start building your own preparation so you are ready to face any challenges you may encounter in the future.

Tips To Be More Prepared To Run Your Own Business

How to be more prepared running your own business

It’s important to remove distractions and start forming your own preparations. Focusing on your goals can help you to not lose attention on the priorities. Things you can do to be more prepared running your own business include:

Ambition is like a fuel you need to start

It leads you to become a more curious person. This quality is important to run a business so you will always have passion to discover brilliant ideas. It is also important to drive your motivation to learn more and more. Ambition is a root to many things you can use to find more opportunities to become a successful entrepreneur.

Start building a solid network

You may not get the benefit of network at the moment you build it. However, it is like an insurance. You will get the benefit when you need it. It is important to build not only solid network but also the diverse one. Solidity and diversity of the network you build will be a helpful resource for you in the future. There will be times when it becomes your valuable opportunity. Thus, never stop building your network because the larger the better.

Know the risks

Tips To Be More Prepared To Run Your Own Business

On preparing the business, you should know the risk and prepare something to minimize them. Running a business means you will always have to make decision. Every decision has its own consequences and risks. There is no decision without a risk. However, you can make decision that has minimum risk. Improve your decision-making, problem-solving, and creative-thinking skills. Those are good investment for you to know how to minimize the risks.

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Build your credibility

Build your credibility by becoming expert in many anything. Expertise brings you more confidence in doing what you are doing. It attract people to put their trust on you. That’s why it is important to always have motivation to learn something. Your expertise can become the source of credibility and good reputation you need to build your business. Keep improving yourself through various occasions such as attending seminar, signing up for a training, etc.

Build a solid team

Keep in mind that just because you start your on business doesn’t mean you do everything all alone, you still need a great teamwork to help you reach your goals. Having solid teamwork will also make you more prepared in overcoming every problems that come your way. You can rely on your team in many ways. Choose the right people to be in your team. Aside from their skills, choose people with great personalities.

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The Right Approaches To Make Your Customers Happy

It is not even exaggerating to say that customers are the key indicator of the success of your business. Customers these days don’t seem to be straightforward to control for the only real of business since they’re armed with proper information and resources. They have the resource and power within the matter of buying products or services. Aside from that, customers have the power to decide whether or not they are going to stay with certain brand in which its products or service they bought. To keep them happy and stay loyal, you need to find the right approaches. 

The Right Approaches To Make Your Customers Happy

Happy customers for your business

Customer’s satisfaction and engagement are two important indicators you should pay attention to if you want to run a successful business. Raising brand awareness is also important. However, it is more related to the longstanding marketing objective. Meanwhile, customers’ satisfaction and engagement are essential to build closer and more solid relationships through effective communication. Building personal relationships with customer can help create mutual benefits for both parties beyond quantitative numbers. 

Customer is happy to buy experiences

Keep in mind that happy customer is more than about customer’s buying experience. It is also important to make your customers outside buying experience. It can be a period of before and after the purchase. As mentioned earlier, the point is not only to deliver excellent buying experience but also to make them value your brand beyond their initial purchase. It is also about making them trust you even more that they decide to stay with you. The main goal is to build healthy, positive, long-term relationships. 

Show genuine care to your customer

The Right Approaches To Make Your Customers Happy

There are many ways and approaches you can use to make your customers happier. However, make sure that every approach is not about making your business profits increase more. Make sure that the approach can show how genuine you are to appreciate your customers. Use approaches that show you care about your customers and always be ready to give help when needed. Lots of brands use strategies that are too money-oriented. No surprise it results in short-term goal in a form of happy customer only at that moment. Outside of purchase period, they return in delivering very basic efforts tor each out customers. 

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Support customer loyalty programs

Driving value outside of buying experience can be in a form of customer loyalty program. It is considered effective because it is a win-win for both customers and the brand. Customers receive incentives throughout their engagement with your brand. Meanwhile, it helps promotes your business growth even more. You can also use another proactive approach to make your customers happy. Make sure to create a customer service team that is attentive and quick in responding to customer’s problems. Make sure the team are reachable and approachable as well. 

Self-service resources

Another approach is in the form of self-service resources. Offering self-service resources as an extension of your customer service team. Thus, customers have can become more independent in solving their problems effectively even without the need to reach the customer service team. It can bring more convenience for the customers.

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Self-Funding Strategies To Successfully Grow Your Business

Growing a business or startup can be very challenging especially in the matter of financial setting and stability. There are many entrepreneurs who have already been struggling even from the start to earn sufficient fund to grow their business. There are many alternatives entrepreneurs can choose to fund their business such as use bank loans. However, sometimes it causes another problem in the future especially when the business doesn’t do so well. There are also entrepreneurs who use their own resources including self-fund. Most small business starts their journey by self-funding. You might be one of them who can become successful if you know how to maximize it.

Growing business using self-funding strategies

According to some researches and studies, entrepreneurs who use their own strategies are most likely to be stronger and more dynamic. Thus, their business to grow successfully is higher than those who only rely on bank loans. However, self-funding still needs strategies because it can effect negatively to the venture growth of your business if you do it the wrong way. 

In self-funding strategies, partnership plays key role to the effectiveness. Resources sharing can help you minimize possible downside from extreme self-funding. It is even more effective when you try cost minimization strategies to he partnership. Building strategic partnership will open more opportunities while suppressing possible risks. Instead spending money on expensive tools, you can check your network to help funding your business. For example, you can ask your friend to lend you a facility you need to grow your business. In return, you can pay them for a fee or help them to accomplish their tasks. 

Develop strong pre-sales capabilities to be in high performance. You can do it by reaching out to your customers and presell your product. Preselling is not new strategies in business. It is not only effective to be applied to new business but also to the already established ones. It can help you get the right signals of the people’s interests in your upcoming products or services. Not to mention that you will earn money you can use to develop your products or services. It’s like killing two birds with one stone. 

Another self-funding strategy you can use is by convincing your customers to commit to your brand. Well, this is very challenging. You can also do it by personalizing the contract so that you can also overcome the presale objections. You may include some service periods that benefits your customers. This is very challenging especially when you don’t have proper resources. Preselling itself is part of the strategies that greatly to the product development. Therefore, it is something you cannot just take lightly. Meanwhile, seeking customer’s commitment before developing your product or service is effective in minimizing the risks.

In self-funding strategies, it is also important to maximize human capital. You can also shorten the development cycle to cut down unnecessary costs, build in response to demand, work with a mentor, etc. Those are effective to help you grow your business successfully. 

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Improve your Trip with These Selections of Villa Nusa Dua Bali!

Started getting built in the ’70s, Nusa Dua is one of the oldest resort areas in Bali. Its located in the southwest of Bali, near two islands in the western bay hence the name “Nusa Dua”. Bali Tourism & Development Corporation or BTDC which is the government company for developing tourist facilities around Bali is also located there. And just like other resort areas in Bali, there are plenty of villas nearby to facilitate the tourists. Here are some Villa Nusa Dua Bali available in Kibarer for you to browse:

Villa nusa dua bali for relaxing

Villa Nusa Dua Bali can be your base through gorgeous marine activities 

Nusa Dua White Villa 

Start with the economical option, this villa is simple-looking and doesn’t have advanced facilities but it’s located in a quiet place near the beach. Furnished with furniture made only with wood-based material, this villa offers standard villa facilities like 2 spacious bedrooms and bathrooms, a large dining area plus kitchen and lastly a swimming pool in the center of the garden.

With a simple and standard theme, this villa is on leasehold for 45 years and costs 120.000 USD. 

Benoa Paradise 

This villa is located in Jl. Pratama, which is the main road connecting Nusa Dua with Benoa Bay. With a strategic location, this villa has unique modern architecture inside the house. The space for the rooms and hallways is quite narrow, but the design is elegant and artistic making it look like a nice apartment in the middle of the city. Beside the swimming pool, there’s a large gazebo where you can laze around without disturbing noise. 

For a villa with artistic design and great location, this villa is on freehold for only 275.000 USD. Truly one of the best property investments that you can do in Bali.

For every water sport that you frequent, Nusa Dua Villas is there to accommodate you

Nusa Dua Green Living 

Back to Nusa Dua area, there’s one other villa near the Nusa Dua beach as well. It’s located on the cliffside and have an amazing ocean view, also have easy access to market and restaurants. This villa is one of the biggest among Nusa Dua villas, with 6 massive bedrooms and has an eco-friendly design. Not only that, the villa has its own tennis court and large infinity pool!

 With all the luxury this villa provides, no wonder the owner makes this property leasehold for 12 years with 495.597 USD as the cost.

For further information, you can search for yourself about Villa Nusa Dua Bali to find your preferable villa. Happy Hunting!

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Improving The Team’s Dynamic To Boost Your Business

Every business owner or entrepreneur is required to lead a team regardless of their leadership skills. It is one of the responsibilities you will have once you choose this career path. It is almost impossible to do everything on your own because some things are out of your expertise. Thus, you need other people who own the required skills and expertise to help you build your business smoothly. Leading a team is not easy. In fact, it is one of the most challenging things about running your own business. 

Improving The Team’s Dynamic To Boost Your Business

How to improve your team’s dynamic

The dynamic of the team has great impact to the business in general. When your team has positive, healthy dynamic, your business will grow smoothly and steadily. At least, you and your team will work in peace and complementing each other. As for conflict, it is bound to happen at some points. However, healthy and positive dynamic won’t allow big cracks in the team. So how can you improve the dynamic of your team and grow your business better?

Get to know them better

Get to know you team better including individual’s strength and weakness. This is a great asset you have to be able to build powerful team for your business. If you don’t know your team, you don’t know how to set the dynamic. Therefore, knowing them deeper will help you a lot in setting the right dynamic that will boost every individual’s potential while still maintaining the collaborative dynamic. 

Let everyone feel appreciated

Improving The Team’s Dynamic To Boost Your Business

Even if it is collaborative effort, every individual’s contribution is precious. Therefore, don’t miss out the opportunity to give proper recognition for those individuals who gave great contribution. However, don’t make it bias. Make sure that your way of appreciating the individual’s hardwork doesn’t get misinterpreted by the others. Setting healthy, positive dynamic means you have to play fair. When you are being biases, the others won’t respect you as a leader. Treating people with equality is a good start in setting healthy dynamic of the team. 

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Draw clear boundaries

Make sure to draw clear lines and boundaries in the team. It is important to build strong connection into personal level with your team. However, I should not sway you or the others from the main goals. The rules in the team are made to make everyone stay focus on the priorities. Make sure that the rules are understood by the other members of the team. The rules also act as the rope that bound you all together to stay in the right lane. 

Do not dismiss conflict

Instead, make it come up to the surface and get addressed properly. Make the team as the safe place to solve conflicts. Make the people in your team feel safe to speak up. Conflicts sometime comes from small misunderstandings that can be easily solved by talking. Therefore, always encourage your team to build healthy dynamic by making everyone feel safe to share feedback or offer suggestions.

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Improving Your Business By Focusing On Its Strengths

There are many business traits you can adopt to improve your business. One of them is focus on the strengths of your business. It is true that the success of business relies on the people. However, it is not only about how talented the people involved in the business. It is about their drive and work ethic that make a business thrive. It affects business more than what talents or skills can do. Therefore, adopting positive traits is important if you want to build a long lasting success of your business. 

Focus on your business strengths to be successful

Improving Your Business By Focusing On Its Strengths

Running your own business is not easy but it can be rewarding when you gain your success. There are many risks and challenges on the way that can hold you down. Work ethic is one of the most important factors that can help improve your business. However, it needs to be used in the right dose because it can take you off course. Working hard in running a business is important. However, working smart will help you avoid making unnecessary mistakes that can cost badly for your business. 

Follow passion wisely

When you have strong drive, you always have motivation and desire to keep growing and improving what you have done so far. While it is admiring trait, it can be dangerous if you are not careful. With strong passion, it is easier for you to feel tempted to expand your business without proper plan or preparation.it can be a suicide mission especially when your business has done quite well in the past years. You don’t want to risk your business just to follow desire of expansion without planning. 

Focus on business strength

Improving Your Business By Focusing On Its Strengths

The best thing to do aside from having positive work ethic and strong drive is focus on your business strengths. There must be qualities your business has to make it gone this far. To improve your business, you can focus on those qualities and make them stronger. Expanding your business is not bad idea. However, it is much better to focus on what your business good at and make it more solid. Only then, you can devote your resource and time to new projects. Do not let the best quality or strength your business has slipped just because you want to branch out. Make sure to retain the core competency of your business while trying to expanding your business. 

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Innovation

The bottom line is, you can actually manage and balance your passion or ambition for your business growth. Innovation is essential for your business growth anyway. Thus, you cannot just stuck in the same place forever. However, it is just as important to balance your ambition while still maintaining what you are best at. You can do it successfully because it is not impossible thing to do. The key is, make sure to not wander too far from your focus. Make sure you are not throwing away your primary offering for your new project. Refine and improve your existing product while crafting new project carefully and thoroughly for expansion.

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Important Stages of Building A Startup

Being young and successful is possible to reach. However, building a startup can be very challenging. It is very common for the founders to be highly excited to get started. However, the reality of building startup is not as sweet as it looks. Many founders have gone through various stages. It is important to know what stages a startup founders should be aware of. Thus, everything can be more anticipated and prepared. If you plan to build a startup, make sure to know every essential stages so you will be more ready of what to do to have smooth journey. 

Essential stages of building a startup

Every business is unique and has their own characteristics. However, there are main stages of building a startup that every founder should be aware of regardless of what kind of startup they are planning.

Important Stages of Building A Startup

Finding the real problems

The very first stage of idea discovery is finding the real problems. By identifying the problem, you can offer effective solution using your product or service. By knowing the problems, the idea of solution will rise. Make sure that the problems relate and are relevant to the customer’s pain and struggles. Only then your idea will give more impact to your customers’ life. You can execute this stage by conducting proper interview so you know who your customers are, what their problems are, what products they are currently using, etc. 

Discovery

The next stage is idea discovery. It doesn’t have to be expensive ideas. You also don’t have to aim for big issues. Even if you can just find ideas to solve common problems, it is just fine. The important point is whether or not your idea is truly relevant to the problems of the customers you want to address in the first place. Since you have found the problems through the first stage, finding ideas can be a lot easier. 

Problem/solution fit

Important Stages of Building A Startup

The next stage is problem/solution fit. It is the stage where you will find out whether or not the solution can truly solve the problems. However, it is too risky to move forward to product development right away. Thus, you have to come up with irresistible offers. You may need to go for product design or prototype. The point is to create something that can make customers interact with your product. After finding out product value proposition, you will know whether or not the customers will stay committed to use your products later. 

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Market fit

The next important stage is the market fit. In this stage, you need to collect data. You can do it using digital metrics that can tell you possible customer’s behavior. For example, the metrics will tell about the possibility of your customers recommending the products to their friends or families. The point is to create product that people need. After this stage, you will have to go through the growth’s stage in which you start with the plan to expand. It has other kinds of challenges you should be prepared of.

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