Monthly Archives: February 2017

5 Stages to enable businesses to “Go International”

In the era of open information, as now, penetrated foreign markets is not just a pipe dream. Many local businesses are slow to market its products to foreign countries.

strategic_management

Of course, to be able to penetrate foreign markets takes a variety of innovations to the product you offer is superior to competitors. In addition, there are other steps you can do to make your business more known around the world.

Following various tips that you can do to go international:

1. Find lots of information

The first thing to do is look for information related to your business. For example, for a souvenir or handicraft business, you need to find out how much interest people overseas when you market a product there. Is carving and souvenir sales you made abroad will give you a big advantage? How does the production costs when actually marketed abroad? Whether it will cover the costs of production if high sales numbers? Do not be a deficit too much if sales declined? This is what must be considered and understood.

2. Take advantage of Social Media Promotion

Did you know that the power of sale may be one of the business success? Please create the widest possible network. Perhaps social media can help you in developing the business and promotion. Moreover, people can judge and comment directly readable and reviews of others. If your business is successful, it means that the campaign carried out successfully. Automatic, good reviews come from buyers.

3. Create a product with a quality number 1

It is certain goods with quality number 1 will look for a lot of people. Although the price is a bit expensive, there are still people want to buy because of its quality. Especially if you want to run a business abroad. In addition, from the reviews, you can also assess and introspect whether the quality of the goods have been acceptable abroad or not. This evaluation is important for the future of your business produce goods or well received.

4. Find Relationship

Seek cooperation or relationship is not easy. This relationship can be used for anything, for example, to seek additional capital, cooperation care goods or consignment, and more. Including promotional and advertising media. Therefore, it helps you expand your network and find relationships. For goods, work by becoming a supplier or suppliers. For services, you can work together as a service provider or additional services.

5. Have a plan and set your business

Widen overseas business means developing skills and strategies in business. If it is true, you should have a business plan and set up as clearly as possible. It could be your colleagues or outside the company wants to see your business plan in the future to ensure that they establish relationships with the right people. By doing so, they will be more confident to do the same job if you are planning clear. You could also think about your future plans if the plan you’re running now succeed. For example, when having a business abroad and it has been reached, you certainly will not sit idly by and do not think about where the future will be brought to your business, is not it? Sure you are looking for the next target to get your business become better and better than before. With the business plan, you do not need to worry later about the next target. You like already have their own sketches for the future and staying developed and carried out.

Five formulas manage business finance for new businesses

For those who are in the first step to start a business, financial arrangements need to be disciplined in order to know how far the effectiveness of the use of capital and the level of sales turnover.

personal account

Intention to own and run a business is usually accompanied by a number of proprietary capital to drive the wheels of business.

However, the size of the amount of capital should not be an obstacle to entrepreneurship. Enterprises can run adjust existing capital, start small.

Many of the new entrepreneurs who run their business started the moment has become an employee, working in an agency or company. Initially, drive a regarded as a side business venture alone.

Side business with a small capital should still run with stability and seriousness.

Businesses with little capital may have a large turnover if the business activities really wrestled well, including in terms of regulation and financial management in it.

There are a few tips on how to manage finances in entrepreneurship, especially for those who just plays as a prospective employer or a new employer.

1. Separating the business money and personal money

Business owners also play a role as a worker in the business is run. Therefore, business owners must still provide profit allocation to pay himself.

With a system like this then businesses will only spend money on his salary alone for personal business. The size of the salary for the business owners depending on profits. So in running the business, still create two separate accounts, even though the business carried on is relatively small scale

2. Make a plan for use of money

Capital could be money or other than money. To start a business, the availability of capital is crucial. Capital money is usually used to buy raw materials and equipment needed for the passage of a business.

Capital needs are better taken from their own capital so that there is no risk owes to other parties.

The moment has benefit, the use of money also must be taken into account although for business expenses.

Planning the use of money to avoid a situation of lack of funds. Do not spend money even though the position of excess cash balances. If you have capital expenditure plans, to consider the benefits, whether to increase sales.

3. Books financial records

It’s important to have a financial plan so it does not run out of cash and had to close the business. Notes out of money in real terms. It contained only records of money in and out of the various posts.

Financial records separate business like this is so that business finances can be easily monitored and recorded neatly so it can be used for various purposes.

In addition, business owners will know clearly how much of its business assets, how much profit and so forth, so as to know the development of business, which he founded. At a minimum, there should be financial records is a cash book entry and exit cash book.

4. Managing cash flow

In the system of self-employment, it would be wise to run a business is not only focused on profit alone. Management and financial management includes capital money management, debt, receivables and inventories.

To be more effort to walk so that cash flow can continue to spin, then the system is boosted sales. In the item product sales profits may be little, but if it is able to sell a lot, then the cash flow smoothly rotates. Instill the principle of profit slightly but was able to sell a lot of products.

5. Controlling and checking assets, debts and capital

Checking finances needs to be done to know the stock of goods to be sold to consumers. In addition, it is also necessary to check the bills of the suppliers and receivables from buyers. This is done to prevent the bill is jammed or double payment.