Business

Being in business as an entrepreneur or entrepreneur does require the expertise to make the most of all the resources and make them worth something.

As many people know, some of today’s big business starts from a small place with minimal capital. Just as Microsoft’s IT giant started its business from a car garage or Facebook that first runs in a dormitory.

Little did we hear of many small entrepreneurs and started pioneering often complaining and blaming themselves or their rivals for losing business competition. Well, here is what to consider really by entrepreneurs in order to win the market competition.

Find Out Business Knowledge as much as possible

The main problem that is generally experienced by entrepreneurs is the insight or knowledge of business that is less mature and perfect. This business knowledge is about how to start a business, create a simple plan, designing the right marketing, branding, packaging, product distribution, to simple things and corporate administration.

Often beginner entrepreneurs do not have many years of the basics of business knowledge. Though this is a major investment and very valuable for business continuity.

This source of business knowledge can be easily obtained. Could by following a business seminar or forum of young entrepreneurs. Especially now access to information via the internet is very easy. All this business knowledge can be obtained easily without having to spend a lot of money. We can also join the entrepreneurial community to get business sciences from experienced ones.

Build and Expand Market and Distribution

Many factors determine whether a product is in demand or does not sell well. Starting a matter of promotion to prospective consumers or product marketing flow. However, the most important factor of whether or not the product depends on the location of the sale and the distribution of the product to the consumer.

Often the constraints faced by small entrepreneurs are the limitations of capital to open their own stores or do distribution so that products can be seen and purchased by consumers. This limitation can be handled by utilizing internet technology that is now a trend. Beginner entrepreneurs should also develop marketing and branding online to all social media and internet marketing media, including using the online store platform.

With online marketing, we can market products without geographical restrictions. Of course very profitable for entrepreneurs. Only, we need to build an online marketing network well so that consumer product search always leads to our products.

Manage Capital with Cash Flow Management

Starting a business requires capital and investment. In order for business to continue running and developing, the capital must be managed properly. Do not get too much expenditure to the extent of capital obtained from borrowing, but the business has not made a profit that can cover the debt.

 It would be nice to have your own capital to fund the business run. However, there are certain times, loans are really needed and taking out a loan is not something wrong. Good financial management is by focusing on sales and how to apply cash flow well. If you get a profit, some can be used to increase the business to be larger so that income increases. Loans for business gradually pay off until paid off.

Utilizing Technology that is Becoming a Trend

Today’s modern age with technological advances, internet availability, and the digital world also benefit beginner entrepreneurs. Although small entrepreneurs, with the power of technology we can still compete with big businessmen who already have a name. In this case, it takes careful use of existing technology. Condition is quite easy. We simply invest in a computer or smartphone. No need to be sophisticated, enough that can operate well some frequently used software.

Develop and Create Financial Administration and Business Legality

In running a business, making financial administration is very important. The development of this business that requires the creation of good financial administration from the beginning pioneered the business so that no problem will occur later.

Especially if there are investors who are interested in investing in our business or cooperation with other parties. In addition, do not forget about the legality of permits and registration of brands, logos, patents legal entities, and so forth. This is so that there is no legal dispute or stumble problem if our business grow bigger later.

Establish friendship as wide as possible

Being friends and having lots of acquaintances really gives many advantages. Especially when starting a business, the more friends, the easier it is to run the business. By making friends, we can learn many new things that science can apply to the business. Or maybe there are friends who have important information related to the availability of raw materials of cheap quality products. Can also start from a friend to be a business partner. Most …

Choosing a quality stock requires analytical skills, both fundamental and technical analysis. Many novice investors are trapped in stock transactions based solely on technical analysis and ignore fundamental analysis.

Investing only by looking at the ups and downs of stock prices in the stock exchange dashboard is very risky. To help you get the best results in stock investing, here are some ways to choose the best stock.

How to Market Capitalization? What Is Liquid Stock Input?

The first step in choosing a good stock is to pay attention to market capitalization. For information, market capitalization is the share price multiplied by the total number of shares issued by the issuer and listed on the Indonesia Stock Exchange (IDX).

Market capitalization is important to look at because:

Can provide information related to how high the volatility of stock prices.

Know how much public ownership in the issuer.

Seeing the potential of the company in the future.

In addition, it should also be sought to know the nature of the stock itself. Is it somewhat liquid, liquid enough, or less liquid? A good stock is a liquid stock. Why? Because the stock is traded with a higher frequency or above the minimum limit of a predetermined frequency.

Useless capitalization value large, but less liquid. So, look for a large capitalized stock and is fairly liquid.

Observe the Income, Profit, and Margin

How is the company’s financial report contained in the capital market dashboard? To select quality stock, it is necessary to observe the income, profit, and margin. How:

Check revenue (revenue) and net income over the last two years.

Check earnings comparison in quarterly report (first quarter with second quarter) and annual report (last three years).

Consider the ratio of price to sales (P / S) and price to earnings (P / E) ratio.

Pay attention to the latest trends whether the growth is fluctuating or consistent. Or is there a big change (more than 50% in a year) up and down.

Also check the company’s margins whether the trend is generally up, down, or stay the same.

Level of Competition and Future Industry Prospects

Rapid technological developments often “kill” companies who are not ready. Do not let you get stuck buying shares of companies that are insensitive to changes.

You can compare a company with a competitor company to measure how much the overall market share for the products the company produces. Do not forget to projection the future of the industry. Whether it can survive or tend to decline.

Create Multiple Ratio Analysis Here

In choosing a good stock, there are several ratios to note, namely:

The price-earnings ratio (P / E ratio) is calculated by dividing the stock price by the earnings per share / EPS (earnings per share) of a company. Make sure the net earnings figure for several years to ensure the numbers are normal and not skyrocketed due to drastic changes.

Price-to-book-ratio (P / B ratio) to determine the fair value of shares. This indicator is obtained by dividing the stock price in the stock market with the book value value of the stock.

Price / earnings to growth ratio (PEG ratio) to take into account future earnings growth expectations and compare them with current earnings conditions. Shares with a PEG ratio close to 1 are usually valued as valuable under normal market conditions.

Management Reputation and Share Ownership Composition

The thing to note is whether the company you seek is still run by its founders or the company’s management has driven new people. Pay attention to reputation and find information related to the bios of key corporate figures to see how extensive their experience is.

Pay close attention to the Financial Statement

Viewing the financial statements do not need up to the detail that can make us so dizzy. Just note the following important things:

Consolidated Financial Statements to view overall assets and liabilities

Check the company’s ability to pay short-term obligations and the amount of long-term debt borne by the company.

Check the debt-to-equity ratio to see how much positive equity the company has and compare it with competitor data to get a better perspective.

It’s also a good idea to take note of every footnote that accompanies the financial statements and annual / quarterly reports. Financial statements can be obtained easily on the capital market dashboard.

Stock Price History At least in the last 3 (Three) Years

See the stock price history is important to do so you can get a reasonable price when buying these shares. In addition, the stock price history can also give you clues about how projected profit can be gained in the future.

Find Out Possible Option and Dilution

Corporate action such as issuing options, dilution, or other actions is important to know because it can change …

Young and accomplished, so roughly the picture of this one youth. Brian Wong, young man born May 14, 1991 is even able to finish his college at the age of 18 years. This is of course a very young age, even the average age of Indonesian youth when entering the university. While most of the other young people are just starting college, the young man born in Vancouver, British Columbia has even completed his studies at university.

Not only that, Brian Wong is also smart in building a business that started since he was young. After graduating from university, Brian Wong worked for 5 months at a digital company owned by others, before finally he was laid off and decided to start his own business in 2010. This 26-year-old youth pioneered his business in the digital field in 2010 Along with 2 of his colleagues, they named him Kiip.

No half-hearted, the business has just been introduced officially is able to bring in a very large capital from outsiders, the amount even reached US $ 32 million. This is certainly a very good achievement, considering Brian’s age is still very young at the time.

A number of large world companies can even be obtained as a business client, this is one that makes Kiip different and growing very rapidly compared with a number of other similar companies.

There are many things to learn from a Brian Wong, remembering that this young man did start his business from a zero point and not with the help / great support of the people around him. Check out some successful tips that can be learned from this Hong Kong-blooded youth:

Take advantage of Notebook

What do you do with the notebook, and where will you take the object away? If and always leave this one on the desk, then start carrying on it from now on so you can keep track of all the important things you remember while traveling.

This is what a Brian Wong does, where he always brings along his notebook while traveling and records all the ideas he can find and get anywhere. Accustomed to always summarize the ideas that exist in his mind, Brian Wong seemed to not want to lose a bit of creativity, even while traveling.

This habit of making summaries will give him many conveniences, especially for important business-related opportunities, such as meetings with clients and other matters. Writing down ideas that come up in the mind will be better than remembering it and spending some memory in the brain to save it, so the reason this young man puts is related to his hobby of making notes in his notebook.

Focus on Your Own Career

Stop to always compare yourself with others. Make sure you have a clear purpose in life and can lead to a success in the future. Next, focus only on your own career and not someone else’s career, so you can achieve that goal as well as possible.

When you can do this better every day, you can be a winner and succeed with what you have chosen as your own career. Being a winner will certainly be a huge achievement, is not it?

Job Requires Separate Art

Do not just work and do not do everything as well as possible. Give the best and maximum, so that clients feel comfortable and satisfied with the work. Work requires art of its own, even for a message that will be sent to the client even though it still requires a decent touch of art.

Not exaggerating and looking beautiful, that’s how Brian Wong writes and sends every message to his business clients. Be thorough and feasible, always try to re-read every message / email that you will send to business clients, because this is also part of the ability to work.

Discover and Utilize Talent with Max

When you start working and strive to achieve success, it is best to run everything to the maximum. Take advantage of all the talents you have, so that the highest achievements in life can be achieved more easily and fun. Interest will play a major role in one’s success.

If you deepen your interest and make it a great opportunity, then you can work with the maximum and mobilize all your talents for it. It will be a lot more fun, even when you find a number of difficulties and obstacles in it, you will still have the positive energy to pursue success.

Enjoy Holiday Periodically

Work, work, and always work without pause? This is a mistake, because it could be “uprooted” and lost creativity in work. Humans are not programmed to work without pause, as are robots. You need to socialize, take a vacation, or even just rest all day without doing work …

 We often see in social media postings like Instagram an artist or a famous character wearing a particular product and offering it to their follower. Another example that just hits when President Joko Widodo wearing a bomber jacket, then in a short time many people looking for the right jacket worn by the President. This is an example of the power of attraction or the taste of people following what is being worn by the idol figure.

You can imagine if our products are used by figures with the number of fans or followers Instagram millions, in addition to get feedback from followers the character can also increase sales. All it takes is to give the character free of charge some of the best product samples for the character. He will use our products and post his photos on social media, either for free or for endorsement.

Not only that. If we ever know the quiz contest or giveaway that give the gift of a product for free with a fantastic amount. Perhaps you’ve been thinking of handing out products for free will lower revenue.

Moreover, the value of products that are used as gifts is quite large, may think better used as advertising costs. However, the disadvantages of giving products for free are not necessarily true. There are several benefits that can be obtained by distributing products for free, including as follows:

Increase Awareness

As a new product, many people who have never known or seen even use your product. By dividing product samples for free, they can use and feel directly the product. At that time they will make an assessment of the product and certainly understand the product well.

The next consumer will decide to buy our product for the first time or leave it. For that, even if only sample products, give us our best product to fall in love with the first time.

Creating Mutual Feelings

Starting a new business by dividing a free sample product is not a disadvantage. Usually there will be reciprocity when sampling the product to the consumer. If the consumer is unsuited but interested in our product, the consumer will recommend the product to others. Of course they also feel lucky to get an award of a gift product.

Get Feedback and Review

The sample product that we give to the consumer free of charge will bear good feedback for our business continuity. They will voluntarily provide feedback even we also get testimonials from the use of our products, which we can display on our website page. Not to mention if it turns out the person we give a sample is a blogger, youtuber, vlogger, or even a program.

If they can volunteer to write a review of our products, our impact is helpful to promote our products indirectly to their readers or media viewers. Respect every input to the product for the future will be better and perfect in accordance with what is needed by consumers and market. This can help increase sales.

Knowing the Potential Product

If planning to sell various kinds, then by giving product samples to the consumer, we will know the products that interest many people. Finally we can conclude and predict which products will be selling in the market later. So avoid the mistakes too much raw material for the product that was not much demand.

We can also optimize in certain products based on sampling program of the most popular product type. With the sampling program, we can create a best seller product by keeping cash flow securely and low risk.

Make Friends

Samples of products can also be given as gifts to anyone we just know. In addition to this new acquaintance who is interested in our business, giving this gift will also help bring closer friendship. It could also be when there are friends or consumers who birthday we can give him a gift of the best product. In addition to making the hearts of our friends happy and feel special, there is added value to the product and the willingness of the heart to us as a businessman.

Obtain Product Endorsement

When sending samples of special products to blog authors or selebgrams, they may be very appreciative of us. If lucky, they do not hesitate to write a review after using the sample product earlier. Often also equipped with post photos and our products in social media. Of course, fans of writers and the program will be curious about the product used by his idol. Product names are becoming more popular.

Optimize Social Media

The power of the digital world, especially social media today, should not be underestimated. Simple example simply by using hashtag # giveaway product and invite follower to spread information. In general, everything that is free is …