Category: General Article

Tips for Success in Starting a Business for Beginners –

Plunge into the business world is a bold decision for beginners. Competition in the business world is very tight, certainly a big challenge for beginners who do not have experience in running a business.
Although a beginner, you have the opportunity to build a successful business. You don’t need to be insecure when you just start a business. All entrepreneurs who have been successful have also been like you who started everything from scratch.
Then what is the secret so that beginners can successfully start their own business? Of course there are many things that can support the success of an entrepreneur. Well, here are 6 tips for success in starting a business from scratch, especially for beginners.

Expand Business Insights

You must understand the business world, especially in the field you choose. You need to learn it first by reading books, attending seminars, and joining the entrepreneur community. Continue to expand your knowledge because that will be your basis for doing business.
Learn how to make a business plan or business plan, marketing, branding, financial management, corporate administration, and so on. When you learn a lot, your views become more open. Knowledge will be a major investment that is very valuable for the sustainability of your business.


The simple Life

Starting a business requires capital. How much capital depends on the business concept you choose. Therefore, start living simply so you can have enough money to start a business.
When a business is running, you should keep a simple lifestyle. Do not feel that you will become a successful entrepreneur wallowing in wealth, because that will make you forget yourself and live luxuriously. You must be aware that running a business requires a lot of capital and you must always manage finances properly.
Focus on one business

The spirit of being an entrepreneur will be very burning in the beginning you start. If you are interested in starting a business immediately, then you better think about it again.
We recommend that you focus on just one business. Think carefully about the business that is most likely to develop. By running just one business, you will more easily manage it and your business will be maximized.


Choose what you like

Doing what you like will make you excited. In business, you will work wholeheartedly. Even though the body feels tired, you keep running without feeling depressed because you choose a business that you like.
If you are a fitness hobby, then try selling equipment for fitness, opening a gym or fitness center, or fitness supplements. That way, you do business and run a hobby. This will feel good for beginners.


Create an Attractive Business Concept


Creating a business concept takes a long time. You must be patient in planning your business. Do not rush to release it if you feel your business concept is still unclear.
An interesting business concept will make your business different. Your business can steal the attention of consumers and even investors. So, prepare your business
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4 Ways to Maximize Business Learning Processes

Business learning is a learning process for every business person and other people who are not business people. Because the impact of doing business can be a learning for business people and also not business people. In business, you can find out how to fail and how to succeed. Every failure and success in business is a complete package that must be accepted by business people. So, there is no reason for businessmen not to accept failure and only accept success. When discussing the business learning process, of course there are ways to maximize the business learning process.
Every business that is run has its own process, nothing is the same. However, there are some similarities. There are several ways you need to know, in maximizing the business learning process. Here are some ways:

1. Focus on the business that is being run

In business, your level of focus in running a business is very influential on the future of your business. Here is the first business learning process, which you need to know. Focus is, the main learning process in business. Because with focus, you can get success.


2. Analyze
The second process of business learning is analysis because analysis is needed in business. The aim is to find out what business you will run, and how technically it will be implemented. Without analysis, you will experience difficulties in running your business. With a steady and mature analysis, the business you run now can end in success.


3. Decision
Decision making from every business that is run is the third business learning process. Decision making is very influential on your business, ranging from business idea decisions, business implementation, business locations, to business services.


4. Consistent
Consistent in business, will greatly affect the progress of the business that you are running. It is not easy to be consistent in doing business, because business competition is getting tighter today. However, if you can consistently run your business, then the chances of success in doing business are increasingly wide open.
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Accounting services – what really matters

The equity refers to the money invested by the company’s owners for its development. If the business is liquidated, equity is what will remain the business owner. According to the above equation, equity is the difference between the assets of a company and its liabilities, i.e. the cash equivalent of the total assets with which the company remains after all debts have been paid. Choose accounting services to help with that.

The importance of monthly, half-yearly or yearly financial statements

Verifying balance is the document used to verify the accuracy of the accounting records and is the main instrument on which the half-yearly or annual financial statements are prepared (the balance sheet, the profit and loss account). It is compiled monthly for all operations performed during that period. Check this out..

The balance sheet is the synthetic description of the assets and liabilities of a company at a given moment. The profit and loss account is the document that allows you to highlight how the company’s result (profit or loss recorded in the previous year) was obtained.

A profit and loss account is structured into three sections:

  1. the operational (operating) activity represents the revenues and expenses that the company obtained from the current activity;
  2. financial activity discloses interest income and expense if the company has deposits or bank loans;
  3. the extraordinary activity presents the revenues and expenses that the company records in a very casual way, especially: fines, damages, donations, etc.

You can draw up the cash flow of your business in just ten steps.

Cash flow or cash flow, often called cash flow, is the difference between the cash and cash outflows of a company or a project over a period of time that may be analyzed, which may be one week, one month, one quarter, a year or more. In most cases, this period is the same as a full financial year.

The cash flow is one of the most important tools used by managers, entrepreneurs, investors, or financial analysts to substantiate business decisions. You do not have to graduate from an economic faculty or work in accounting to make a cash flow. The information contained in such an analysis is of particular importance to business owners, the management of a company, and department managers. Moreover, people interested in cash flow analysis are not limited to people inside the company:

  • investors take the decision to invest in a new business, based on the business’s ability to generate profits;
  • creditors offer capital, but demand repayment on time, along with interest.

Draw up the revenue and expenditure budget of your business

The economic context of the recent years, marked by the economic crisis and the reduction of the investment budgets of larger or smaller companies, has led to an increase in the financial rigor of state or private companies. On the other hand, the development of financing solutions for small and medium-sized businesses through bank loans, state guarantees, non-reimbursable funds or private investment funds determined the assumption of the same … Read More