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Category: Finance

Practical Tips to Fix Mistakes While Doing Business

Posted on May 22, 2022May 19, 2022 by pauline

Everyone makes mistakes at work. But not everyone knows how to turn it into a learning opportunity. It should be noted that not all mistakes can be forgiven. In this article, the error in question is regarding a fatal error. This can also be a solution for companies who want to maintain their good name. For example, you don’t want to be known as a heartless and fatal company.

Don’t start a conversation in an angry situation

Whenever you make a mistake or problem, don’t respond right away. Allow your rational mind to recover for a moment, so that your conversation is more productive.

Check yourself

Look at yourself and the current process. It is necessary to see if mistakes can be avoided by changing the way things are done.

Recruit the right people from the start

Even if the decisions aren’t perfect, at least make sure your team is made up of people with the right mindset, especially when it comes to mistakes.

Develop your action plan

After discussing the problem with the employee in private, resolve it by working together to make plans for the future. For example, you can make a plan to avoid repeating these mistakes.…

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Home Business Ideas That Can Be Done Immediately

Posted on May 1, 2022April 22, 2022 by pauline

In this day and age, starting a home business to make money is easier to get. There are even some businesses that you can start right away today. You can start with minimal capital, take advantage of what you already have, and use based on your expertise and experience.

Catering for breakfast or to take away

The food and beverages industry is the main choice for people to indulge and start a business. You can start by providing some main dishes such as a healthy traditional breakfast with optional snacks.

Healthy fruit juice

The juice business can provide great potential, especially for your small business. You can add to your choice by adding lemonade, buttermilk, and other toppings.

Sewing and Embroidery

This business continues to run well from home-based businesses to startups. In big cities, this service is in demand enough that it has been tested and has the prospect of success.

Online business

Having an online presence helps small businesses to perform better. Sometimes, you may even find yourself in high demand such as for social media experts, bloggers, freelance writers and web designers.

Blogging

In blogging, you can write anything interesting. Examples such as top artists, about comedy …

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This is a Strategy to Make Your Business More Independent

Posted on April 23, 2022April 22, 2022 by pauline

In building a business, you need to learn a few things in order to become more independent and stay motivated. With independence and enthusiasm, you will not only contribute to growing the economy, but also to work and change your life to be more prosperous. So, what are the things that business people need to know to scale their business independently?

Make a plan for your future

To scale your business sustainably, you need a business plan. This is not only to help understand your business, it is also what you show investors.

Find new capital

In scaling, you certainly need money. You may need to identify the right time to seek outside investment, to keep your cash flow flowing.

Learn from competitors who have successfully developed

Think about how they did it and find out how they could succeed. Understand their business model and learn.

Evaluate your supply chain

With the increase in sales volume, then you need to have a supply chain to handle it. What has worked so far may not be effective if implemented on a larger scale.

Protect your business value

Things can change in a big way as your business grows and expands. For …

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The Key to Business Success with a Partner, One of them is Mutual Trust

Posted on March 6, 2022March 3, 2022 by pauline

There are rarely many couples who want to start a business together. But there may be a lot of fear experienced, especially in professionalism. But if you know what can be avoided and maximized in building a good business, then couples can create a great business. For that, what things need to be done by a couple to build a good business?

Discipline and help each other

Sometimes it’s hard to divide your personal life with your professional life. However, make sure you discuss to deal with this problem. Of course this can put you to the test.

Be prepared to disagree

You and your partner need to think of a strategy in handling your position. This is necessary to solve problems or conflicts, especially in determining a decision.

Trust each other

Running a business requires a great deal of confidence, both in your own abilities and in your partner’s. With this, it will lighten the load evenly

Two thoughts are better than one

In doing business with your partner, of course you have the ability to double your determination. This is necessary if one of the parties falls, then one of them needs to motivate and support.

Feel the

…
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Pay attention to 5 Consumer Trends in 2022

Posted on February 13, 2022February 9, 2022 by pauline

At the 2022 National Retail Federation conference in New York City, it was said that understanding customers and knowing how they want to shop is important. In the discussion, things like “Customer driven”, “customer centered” and “Customer focused” were key. John Furner, President and CEO of Walmart, explains that the customer must be at the center of everything that needs to be done in this industry. However, knowing what customers want is quite difficult, especially in today’s times.

Consumer differences in defining safe shopping

As we are still in the middle of a pandemic, what feels like safe shopping for one consumer may be very different for another. This is why it is important to offer options such as online purchases, in-store pick up, delivery and others. For example, Best Buy plans to continue offering roadside pick-up and delivery options, as well as unlimited virtual shopping options to help customers feel more secure.

Consumers love technology

The pandemic has shown that consumers will quickly adopt new technologies, especially in making their lives easier. Consumers are increasingly saying that they rely on technology for their daily purchases and activities. At a retail conference, a report by global marketing communications agency Wunderman …

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Business Promotion Tips Through Facebook, To Get People’s Eyes

Posted on January 16, 2022January 14, 2022 by pauline

Facebook is one of the platforms used to market their business. In addition, Facebook is one of the few platforms in the world that allows you to reach people on almost every continent in the world. For that, you can promote your business in various ways. However, you need to pay attention to any actions in promoting your business on Facebook. This can sometimes have unwanted effects if done poorly. For that, here are tips that can be your record in promoting your business through Facebook.

Create a Facebook page for your business

Before you decide what kind of content you want on your business page, you need to build an online presence and let it know that you are open for business. You can do this by going to your Facebook profile, at the top select the ‘create’ page, ‘page’, name your business page and enter other details.  With this, you can post content and interact with your viewers and followers about what they think of the content.

Make the most of Facebook Groups

Facebook allows people to form international communities based on their interests. Chances are, at least one of these interests aligns with the nature of your …

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Side Business Ideas with Small Capital

Posted on November 21, 2021November 1, 2021 by pauline

A side business is indeed a small-scale business. But from this small scale, which was just a fad or just for additional income, if carried out seriously, it can turn into a world-scale business. Who would have thought that a business that started from this simple idea could bring in a lot of money.

If you are still constrained by confusion about what business to choose, here we have summarized 21 side businesses with small capital that you should try.

Side Business Providing Services

Laundry

In today’s practical era, many people still think pragmatically. “Instead of running out of time to wash clothes, it’s better to do laundry.” Therefore, the idea of opening a kilogram laundry business became very popular.

Business players in this field have also begun to mushroom, especially in areas close to campuses and offices. The number of players who jump in makes the competition tight so the price also competes.

Is it that easy to open a laundry service business? Actually yes, but to be successful in this business, you have to be smart to find a gap to get started. The most important thing you need to consider is market share. A place where there …

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Why Should You Open a Side Business?

Posted on November 20, 2021November 1, 2021 by pauline

If you think about it, there is an interesting fact from office workers that they may have a small salary, but in fact many of them have a lot of free time. Unfortunately, most of them do not use their free time optimally and turn it into money.

Actually, from that free time there are many opportunities to run a side business that can be used as additional income or maybe it can be a long-term financial plan. However, not a few people use their working time as an excuse for not being able to run this side business.

Even though from the working hours that must be fulfilled in one day, actually we can still set aside a little to take care of a side business, after all we are not prohibited from doing side business activities by the company, right?

Why Should You Open a Side Business?

Interesting side business to do. In general, there should be no failure in this business because it is only a side business or additional income.

The following are the main reasons why you should try a side business. Some knowledge that also needs to be known so that more and more …

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What are the Advantages and Disadvantages of Asset-Led Marketing

Posted on September 25, 2021September 6, 2021 by pauline

Asset-led marketing has both advantages and disadvantages. Although more focus on internal strengths to satisfy consumer needs and wants is relatively inexpensive, core competencies are not always relevant to market demands. Dynamic market environment. Tastes and consumers can change from time to time. Likewise, competition is also dynamic. Such factors can make the competitive advantage built through past core competencies no longer sustainable.

Before discussing the advantages and disadvantages of asset-led marketing, let’s briefly review what it is?

What is asset-led marketing

Asset-led marketing is a marketing approach in which your company focuses on internal strengths to meet customer needs. Internal strength comes from the resources and capabilities your company has. Both form core competencies if they are valuable for creating value, rare, expensive to imitate and non-substitutable.

Then, your company utilizes these core competencies to produce products. For example, your company leverages a strong reputation and brand image to develop and market new products around existing products.

This approach does not completely ignore consumer tastes or preferences. But, your company is more based on internal strength to produce innovative products. Your company bases its strategy on existing strengths and assets instead of spending big bucks to properly identify consumer …

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How to Increase Business Turnover in 2021 Only Through Social Media

Posted on July 31, 2021July 15, 2021 by pauline

The business crisis faced during COVID-19 has become an uncertain situation because the number of cases continues to grow which makes the pace of the economy slow down. Business people must think of strategies to adapt to the existing situation. Thus business turnover can increase despite facing a crisis situation.

One of the adaptations that need to be done is adaptation to sophisticated technology such as realizing the existence of marketplaces and social media. Through technology, all business activities become easier. Bitlabs also has interesting tips to increase business turnover in 2021.

1. Research product trends

It is important to know whether the product to be marketed is a product that many people are looking for or not. This needs to be done in order to avoid wasted efforts if it turns out that the product you choose has no demand. The right product also needs selling price planning so that it helps to get abundant profits without having to fear losing in promotional costs.

2. Maximizing the marketplace

Marketplace is one of the best places for beginners to do business online. There are appropriate ways to use the marketplace, for example, it is necessary to choose a title for …

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