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Category: About

Steps in Developing Business Process

Posted on May 29, 2022May 19, 2022 by pauline

The business process itself is the core of the organization. It represents the overall tasks, activities and workflows that achieve the mission and core goals of the business. Well-defined and documented business processes help organizations achieve their goals faster, lower costs, reduce errors, and give employees more time to focus on higher-value tasks. To have effective business processes, organizations need to identify which tasks are most critical to the desired results, ensure accountability, streamline communication channels and set standards for how the business conducts its activities.

Review current business processes

It will be helpful for you to start by reviewing what you are currently doing in your business processes. You can do this by looking for redundancy and low-value activities, bringing in stakeholders and other key people who run the process on a day-to-day basis to evaluate what is working and what can be improved.

Start by defining the purpose of the business process

When creating a business process, it is important to do it with an end in mind. Organizations need to figure out what the goals are for specific business processes and work their way from the goals to the sub-processes and tasks.

List activities, look for inefficiencies

…
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Businessmen, this is the right time to give discount promos

Posted on May 28, 2022May 19, 2022 by pauline

Discount promos can be used to attract people’s attention. However, when is the right time to issue a discount promo? By knowing the right time, your promo has the potential to be more efficient and strategic. Of course this helps your promo work more effectively.

Big day

Holidays include holidays, children’s days off school, shopping and others. You can do discount promos before the big day.

Consumer Special Day

Unlike the big day discount, this time the discount is more personal. For example, special discounts on birthdays, first time buying or registering to become a member, payday dates and so on. This discount can bring you closer to consumers.

Special Occasions

You can provide attractive offers when participating in certain events such as bazaars, exhibitions, festivals and others. This helps to keep your booth crowded because it has appeal.

Celebrate your business or brand

If on special days consumers are more focused on customer moments, this time discount promos can be given for special moments from your business. For example your brand anniversary, new branch, number of followers on social media and others.

With this promo, it is hoped that consumers can be closer to your business. Here are four …

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Business Ideas You Can Try From Hobbies

Posted on April 30, 2022April 22, 2022 by pauline

Hobby is one activity that you enjoy and may not make you more burdensome. For that, you can try to build a business based on your hobby. It is also suitable for those of you who are looking for a side job. So, what hobbies can you apply to build a business?

Write

Writing and publishing online has the potential to offer you a lot of practical value, beyond just being a hobby. You can use it to advance your career and become an expert in a particular topic. You can share your ideas or rent your expertise.

Illustration and design

Like writing, illustration, and design are creative money-making hobbies, and you can do them at home on a freelance basis.

Music

Sell your music to make it a business. You can record your song or album to sell it on a website or host it on a platform like SoundCloud.

Cooking

Cooking is a money-making hobby that you can share with the world in a variety of ways. This can range from a blog, YouTube, or Instagram account dedicated to recipes to getting straight into the business of making your own food or cooking products.

Gardening

Gardening has seen …

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Advantages and Disadvantages of Investing in Collectibles

Posted on April 24, 2022April 22, 2022 by pauline

Collectibles are valuable items that are also collected by people. The form can be in the form of stamps, coins, cars to NFT. Then, collectibles can also be defined as items that are now more valuable than when they were sold. Investing in collectibles is a great way to diversify your portfolio while also having things you love.

Here are some of the advantages and disadvantages of investing in collectibles that you can know.

Diversification

Collections can diversify your portfolio. This is because many advise not to put your eggs in just one basket.

Portability

Collections are physical assets. You can hold rare collectible coins in your hand. Apart from that, you can also take them with you and sell or trade them anywhere in the world.

Follow your passion

Unlike stock or bond investments, you can enjoy your collection while waiting for its value to be appreciated. You can display rare paintings on your walls, or drive a vintage car on the weekends.

Fun

Of course, true collectors love to find what they want. This taste is also just as satisfying when you already have it.

Easy access

You can get collectibles either at local stores or through the …

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Is Your Business Worth Watching Investors?

Posted on February 26, 2022February 25, 2022 by pauline

As an entrepreneur, you need to come up with a solid business plan. A business plan does not always predict the future of your business, but it will serve as an early and middle stage of business development. Keep in mind, if you know this, it will work and help to attract funds and potentially get new clients. In order for your business plan to become more solid and attractive, you need to think like an investor. This can help you increase your chances, be more objective, and focus on the financial aspects especially in practice. To find out, you need to know what aspects are prioritized by investors, as reported by Entrepreneur.

Profitability

Every investor wants to contribute to a business with high profitability potential. Reliable or savvy investors are usually more interested in how practical the idea is, how much it costs, and how quickly it starts making money.

Scalability

Investors are also usually concerned with scalability. If you don’t have an expansion plan or a plan to multiply your income, then there’s a hard limit to how much money the business can make.

Mitigation of risk

Every business will come with risk, but a good investor will …

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Investment Tips for Newlyweds

Posted on February 12, 2022February 9, 2022 by pauline

Marriage can be said as a new beginning, because together they build a household. Usually the new households have also spent various costs on weddings, houses, and others. For this reason, investment planning that begins when you get married can be the right moment. You can start investing for your children later, or in old age. For that, here are some tips that you can do to start investing.

Mutually open

The first thing you can do is open up to each other about financial matters. This includes your salary, debt, what you spend most of your time on, and more. With this, you can plan your finances according to your conditions or habits. You also need to consider the cost of children’s education, and others.

Pay off debt

If you are open to each other, then you can also pay off your debt immediately. This helps to know your financial condition and more mature in making plans. If you have also paid off your debt, then this is also a good start in starting your household.

Make an investment goal

In making investment goals, you need to know what specific goals you need to have. You can discuss with …

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Beginning of 2022, Here’s How to Set Goals to Achieve

Posted on January 9, 2022January 7, 2022 by pauline

Resolutions are the most talked about thing, especially when entering the new year. But for your resolution to last from January onwards, you need self-control and dedication. For that, make sure you have a goal for each month. Setting goals each month will help you to be more detailed and maintain motivation and productivity. To that end, here are some guidelines for setting your goals for the coming year, as reported by Entrepreneur.

Start big

There’s nothing wrong with setting a higher goal, but make sure it’s achievable. Some high achievers also use high aspirations as inspiration. You can do the same with your own goals. Set goals that are within reach so you don’t lose motivation, causing your goals to slow down. You won’t be able to be successful overnight.

Breaking down your goals

By setting real goals and taking on your significant dreams, break them down into steps you can act on. This allows you to enter into the path of success.

Use the online calendar

Goal setting requires accountability. Some things will keep you accountable. For that, you can use an online calendar to organize your plans with deadlines and reminders to encourage you. You will also …

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Small Business Prospect Prediction in 2022

Posted on January 1, 2022December 31, 2021 by pauline

Small business owners see 2021 as an opportunity to bounce back and rebuild from nearly a year of losses caused by the coronavirus. Entrepreneurship is growing at a record pace in 2021, with more than 4.6 million new business applications filed through October 2021, according to business formation statistics from the United States Census Bureau. So, what happens in 2022 for small business owners? Will supply chain problems be easy? Will the recruitment be picked up? And what is available for business loans in the absence of the Small Business Administration’s two main COVID-19 assistance programs?

Technology is Bridging the Employment Gap

Small business owners will flock to business technologies that allow them to do more with fewer employees. This may mean more table booking and checkout technology in bars and restaurants and more self-payment options for retail customers. QR code menus in restaurants persist, even if COVID-19 precautions fail. Many restaurants have found that digital menus allow them to update items and prices more easily, as they don’t have to reprint the menu each time. They also allow the restaurant to function with a smaller front-of-house staff.

Business Loans Increase, Community Banks Lead

Small businesses can expect more access …

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Important Things When Choosing a Business Place Property

Posted on December 25, 2021December 24, 2021 by pauline

Understanding the legal aspects of leasing or buying property is important in building a business. Especially during a pandemic like this, every entrepreneur must be more careful in the use of funds in the business he runs.

For those of you who want to set up a business during this pandemic, of course there are many things that must be prepared. Do not focus too much on capital calculations so as to ignore property administration related to legal aspects.

Know the type of property

Broadly speaking, there are two types of property, namely non-commercial or residential property and commercial property. Non-commercial properties are properties that are actually intended for residential purposes, such as landed houses, apartments, and flats. Meanwhile, commercial properties are buildings whose construction has been designated for trading and service business activities. Examples such as shop houses, offices, shops, and lodging.

Pay attention to the location of the property

Make sure that the property is suitable for business activities. Do not abuse the function of the property that we have for business activities, and it turns out that the zoning is not appropriate. So when we carry out business activities, in the middle of the road it can …

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Here’s How to Start a Culinary Business Today

Posted on November 7, 2021November 1, 2021 by pauline

The all you can eat (AYCE) food business is becoming more and more popular along with the increasing popularity of Korean dramas. The culture of cooking meat directly on the spot with various choices of side dishes like in Korean dramas has made AYCE restaurants increasingly mushrooming in many places.

If previously AYCE restaurants were only in big malls or in elite locations with expensive prices, now you can find AYCE in many places at very affordable prices, sometimes even with better taste.

Not only that, the choices of types of food that are used as the main menu of AYCE are also increasingly diverse. If previously it was just a buffet, grill and shabu-shabu, now AYCE’s menu is increasingly diverse, such as AYCE sushi, ramen, ice cream, yogurt and many more.

Tips for Starting an AYCE Culinary Business the Right Way

So how about it, are you interested in tasting AYCE’s culinary business? If so, before starting, read these tips first so that AYCE’s business will be more successful and smooth:

Find a Strategic Location

Whatever the business, location is one of the biggest determinants of the success of a business, including this AYCE business. For AYCE business, try …

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