When you run your own business, the responsibility lies on you. It is an ultimate responsibility that you have to take if you decide this path. Running a successful business regardless of the size is very much challenging as much as it’s promising. Surviving in the first four years can be the hardest period in your career but it’s worth it once you pass it through. One of the most important things to lead successful business is financial management and its fundamentals.
Business operation with the right financial management
The fundamentals of financial management are essential for the success of your business regardless of its size. In the financial management, there are important keys you should know about to help you operate your small business better.
Never take financial management easy
Financial management is not something minor or thing you can easily neglect. It is also not a thing you should underestimate with. You don’t need to do your own counting though. What you can do is to learn how to manage with regular financial statements produced by your professional accountant. Thus, hiring reliable and trusted accountant is a must if you want your business to operate properly.
Financial management is the foundation of your business
It is a basic to learn about financial management before starting a business. It is even more urgent thing to do when you don’t have a background related to business management. However, the main purpose of learning the basic fundamental of financial management is to make you understand how it works. It doesn’t necessarily make you the one who produce the data/financial statements. As mentioned earlier, you can recruit professional accountant to do so.
Monitor your inventory levels
Monitoring your your business inventory levels then matching it to the projected sales as well as receivables and cash is also essential in your financial management. It is fundamental for a successful business operation in term of financial management. It is also essential for the owner of the business to balance the short and long-term capital sources using the right formula.
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Learn how to identify and targeting impediments
It is also important to learn how to develop your hawk-eye in identifying and targeting impediments to profitability. This way, you will be able to notice them even from miles away and ready to take actions quickly. Developing this ability will help you become a more decisive and rationale entrepreneur. It is good for you because hesitation often causes more troubles.
Pay attention to cash management
In financial management, cash management is one of the most important factors to pay attention to. You need to ensure that you have enough cash to cover for your business at least for 12 months. Thus, you have backup just in case unfortunate things happen to your business. This way, your business still have chance to survive.
Increase business financial performance
Increasing your business financial performance is not an easy challenges to tackle. You need to develop your own skill in financial management while hiring the best talent to help you. Not to mention that you need to dedicate your time in monitoring every progress.
When the love of your life doesn’t share your love to the ocean, arranging a couple holiday could be a little bit complicated. Maybe they do, but some major reasons prohibits them to explore the depth of the ocean. Either way, the two of you would need a lot of compromises to make. You need not only think about then type of diving you want to do and all sort of the dive planning, but also how to keep your partner happy and genuinely enjoying their holiday. Luckily, Bali Indonesia is one of the perfect place in the world to cater both moods. Divers would love the warm water, high marine diversity, and plethora of dive sites to choose during the scuba diving Bali holiday. Meanwhile, the non-diving partner would enjoy historical temples, cultural immersion, good foods, all kind of amusement parks, and of course, a good deal of shopping spree.
But before you go, here are some important things you need to think of to ensure a happy holiday to satisfy your ocean-loving souls and your non-diving partner!
Stay in All Inclusive Resorts to Have Easier Scuba Diving Bali Holiday
The majority of hotels and villas in Bali is accommodating for all kind of holiday. Divers would have an easy life as most dive centre in the island provide gear rents and pick ups. Traveler would find it just as familiar as usual. But if you choose to have a scuba diving Bali holiday in more remote island like Nusa Penida, Nusa Lembongan, or Gili, you might want to consider an all-inclusive dive resort. While you’re busy admiring the unspoiled remote sites, there might be not enough thing to entertain your partner. However, an all-inclusive resort might have good coffee, sumptuous restaurant, in-house spa, or health, wellness and cultural activities to spend the day.
Introduce Your Partner for the Fun Snorkeling
If your partner is a confident swimmer, great! You can share the joy of sightseeing the underwater life together with snorkeling. Who knows, the taste of ocean life might ignite their interest in scuba diving. But if they don’t, that’s perfectly okay. Just leave them be and don’t push it too much.
Establish Your Dive Times
When you are travelling with a non-diving partner, you need to know how to divide your time equally. No one in this holiday should feel like not having enough. Plan your dive times and establish the schedule. Make sure you have at least 50% of the holiday time to be enjoyed together with your partner. If you schedule every waking moment blowing bubbles, your partner might feel being left out and end up resenting you.
It’s important to keep checking in to your partner’s happiness when you don’t share the same activities. Only leave when you have make sure that your partner has something fun to do when you’re gone underwater. You can also make effort to drop them in their favourite temples or shopping station before embarking to your scuba diving Bali session of the day. A trip to the seven temples at famous Lempuyangan Temple, for example, will guarantee that you’re not missed during your bottom times in Amed’s Pyramid.
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Plan for Land Excursion Together
Make a conscious effort to spend the holiday together. While you and your partner can have fun times separately, it’s important to spend a quality time together. You come together for this holiday together, after all.
Loving the boat Life? Sign Up for Scuba Diving Bali LiveaboardTrip
If you plan to visit a multiple dive destinations during your scuba diving Bali holiday, liveaboard is the best option! You get to reach remote destinations and reach it early, while your partner could find amusing activities at the boat. it’s not difficult to enjoy time alone in liveaboard. The cabins are spacious and the sundecks are comfortable. Some liveaboard even have massage therapist onboard! And when you’re busy with turtles and sharks down below, your partner could enjoy kayaking, stand up paddling, or yoga.
Starting and running your own business is promising and can be rewarding. However, the journey to reach success is not always all rainbow and sunshine. You will experience the highest highs and the lowest lows. They are bound to happen regardless of how prepared you are with your business plan and strategies. There are somethings that out of your control and sometimes they put your business in a misery and crisis. However, it doesn’t the end of your business. In fact, it can be your stepping stone to reach more success if you can pass the test.
Learning how to thrive during your lows
There must be times when you are going through crisis that you feel like giving up with your attempt tor each success with your business. It is something that every entrepreneur and business owner experience. Every business may face different challenges and crisis every once in a while. However, it is not the crisis that you should pay attention to but your approach in handling it.
Professional and business experts suggest that the best thing to do during a crisis is to face it and keep going. They said that crisis in your business and the pain you are experiencing are fleeting. They won’t last forever and there are times and opportunities for you to rise and fight back. Giving up on the first crisis or low means you are giving up on your goal. Therefore, it is highly suggested to keep going even when your business is experiencing the lows.
There are also things you can do to make things more bearable. First, try to get some perspectives. More often than not, the real problem is not the main issue but the way you think and your perspective. When your business is facing the low, try to rewind things you have achieved in the past and what made you successful. Or, you can also think back to the past where you experienced the first problem and see what you did back then to handle the situation. Or, you can also talk to someone with the relevant expertise to find second opinion or some insights.
Every obstacle has value and meaning behind it. There must be some rewards you will get if you pass the test. Therefore, step back and think of possible rewards you will get if you handling the situation well. What kind of growth your business will experience if you can handle the crisis well. Every obstacle, challenge, and problem has something you can learn from.
Don’t find a scapegoat to blame on. Instead, you can make yourself an idea machine. There are more important things to think instead of finding someone to blame on. You can work your gear in your brain to find out what else you can do to make situation better. Try to find as many alternatives as possible to solve the problems. The more ideas you can find, the more options or solution you have to choose from.
It’s no secret anymore that Bali is the number one island in Indonesia regarding villa business growth. The abundance of tourists each year and the quiet area adding to the factor that thrives the villa industry in Bali. For those who are unfamiliar about Bali area and interested in making an investment in renting or buying a villa in this paradise island worry not, because I will help you guide the popular areas where Bali luxury villas usually developed!
Bali luxury villas can be found anywhere in Bali, especially these places
This town located near Denpasar and to this day still the biggest art and culture center in Bali. Ubud is famous for its forests and rice paddies field, and its main tourists spot the Monkey Forest is visited by millions of people each month. Ubud villas are usually built in the middle of the rainforests and rice fields, giving a pleasant atmosphere with the greeneries surrounding your residence.
Canggu used to be a remote location with only a few locals inhabited the place. Then a couple of years ago, contractors and developers start to see the potential of the place and decide to build villas and other public places. Like Ubud, Canggu is mostly occupied by tourists, in fact most of the people who work there live in another nearby town. Canggu villas are famous for its remote and quiet area far from the crowd, perfect for guests who intend to escape from the city’s life.
One of the oldest tourist areas in Bali, Jimbaran located in the south most of the island. Jimbaran is famous for its beach with its seaside restaurants and cafes. Sitting beside the beach enjoying the sunset while feasting their famous grilled fish is sure an experience you can only get in Bali. Jimbaran villas mostly near the seas and cliffside with the perfect view of the ocean.
Built as a tourist center by President Soekarno himself, Sanur to this day still become one of the popular destinations in Bali. Aside from the beautiful beach, there are also many historical places dated back when the Dutch invaded Bali island. With many 5-star hotels and restaurants, villas in Sanur are located in a strategic place where you can easily find interesting public places.
Moving to the north, we got Lovina which is located just west of Singaraja. Lovina also become popular recently for its population of dolphins on its beach, which can be seen swimming in a group if you visit it early in the morning. Villas in Lovina also built near the beach and just like Canggu the area is remotely quiet since not many people live there.
Owning a villa in the heart of Bali is truly something that people dream about
Have you made your decision? Choose which villa best for you based on what your living preference is. Try searching for villas in site with large database and you will be able to consult about your dream Bali luxury villas. Have a nice day!
You may have met a person who was trying so hard to appear like they are the smartest person on earth. Or, you may have collaborated with that type of person in the past and you know exactly how annoying it can be. Working with someone arrogant will only create uncomfortable situation. However, you may not realize that you are also the type of entrepreneur who want to look smart and perfect in front of others. It is true that business is a competitive industry in which you don’t want to appear weak or full of flaws. You want to appear to be someone who seem to capable to put yourself together perfectly. However, this often result in you appear to be an arrogant person.
Become a confident, successful entrepreneur
Even if you acknowledge yourself to be above the average when it comes to intelligence and wittiness, it doesn’t mean you can act all arrogant. It won’t bring you anywhere even in a competitive business. However, looking unsure of yourself or insecure is also bad for you because then you will be underestimated. People will look down on you if you don’t have confidence in you. Thus, it is great to be a confident entrepreneur. However, make sure that the level of confidence is in the right amount so you won’t appear arrogant.
The aura of confident entrepeneur
When you are confident, the aura emitted is different. People around you will look up to you out of respect. They will value your qualities and skills even without you blabbering achievements to their faces. To be a confident entrepreneur, you should first tone down your ego. It is also good idea to deal with your self-doubt. Sometimes, insecurity results in self-attention which makes you exude superior complex.
Try looking from different perspective
To become a confident entrepreneur, you should make sure you are looking from the right perspective. The important thing is not your perspective but the idea itself. Focus your attention on the idea not yourself. When you are dealing with problems, make sure that look for the benefit of the group. During a discussion or meeting, make sure to not respect the opinion of the other as well. Keep in mind that just because you think you know more than others it doesn’t mean you are always right. Listen to the others attentively without interrupting even when you disagree with their opinion.
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Instead of seeking agreement, try to invite more opinions. When you share new ideas, don’t force the others to agree with you. Instead, encourage them to speak up and give their opinions. This is a great way in solving problems because you may find better solutions by exchanging ideas and opinions. Also, it is important to share the ideas with the others before implementing them. Even if you are confident that your idea is bulletproof, you still have to share it to fish for opinions and feedback. Also, confident entrepreneur never feel too prideful to cooperate with others.
Nature is indeed a suitable area for refreshing your body and mind. But don’t you realize that nowadays the pollution against nature just keeps increasing, whether in the form of factory waste or just simply just a bunch of people littering. On the Komodo sailing trip, for example, the amount of tourists that irresponsibly doing this is not just a few.
The Dark Side of Komodo Sailing Trip
Being on the Komodo sailing trip might be a great experience, but sometimes people tend to forget to take care of the nature that they admired from their journey. It’s kind of obvious that the majority of people who litter and ruin nature around Komodo are tourists. That’s why we need to reflect on our past actions and start to become more environmentalists in order to preserve the beautiful nature of Komodo and Flores. Here are some of the advice to remember:
Bring a Disposable Bag
…or any kind of bag that can be used to store your garbage temporarily, and can be easily carried around. You are responsible for the mess that you created in the boat or the island, so make sure to always keep a disposable bag to sort your garbage and keep it to throw it out later.
If you haven’t known already, littering is the number one reason that damages the environment the most. “But just one wrapper won’t make that much difference right?” is usually what people might think of, but imagine a hundred people have the same thought. It’s going to be enough to create a mountain of garbage.
Don’t Smoke during your Komodo Sailing Trip
As much as you wanted to, please don’t smoke from the start of your Komodo sailing trip until the end of it. This because not only the smoke can disturb other guests, it can also potentially harm the animals around the area. Not only that, but it can also harm yourself especially when you are packed with so many activities that require stamina.
Aside from wrappers, a cigarette is also the suspect that can be found disposed of in the wilderness. In fact, lots of them can be found sometimes. So, since we can agree that smoking can cause harm to literally everyone involved in the journey, try not to do that okay?
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Avoid Stomping on Any Plants
Did your mother ever scold you for stomping the grass or bushes on the garden when you were a kid? Well, it’s time to remember that moment and try not to do the same on the islands in Komodo. Komodo National Park is recognized by UNESCO not just because of the presence of the Komodo dragon, but also for the nature around the area. So we have a responsibility to avoid any damage that could be done to the wildlife.
In that case, try to avoid wandering into the area that is forbidden by the locals. Because aside from your safety, they also tried to preserve the nature around the area. Nature is also important to keep the animals from being extinct because that is their habitat.
The Balanced Fun
Having fun on the Komodo sailing trip is great, but we have a responsibility to make sure everyone who comes after us will also have fun as well and so on. Nature is the source of our life, so it’s important to give a thought about it starting from now. Let’s make a difference!
This is the period of the year end so there are many things you should wrap up and reevaluate. Your business is not stopping just because the year is going to and end. In fact, there are more years to come you should be excited about. For the majority of entrepreneurs, the ends of the year can be the most stressful moment because they have to find out whether or not they meet their last year’s goals. Started from the financial to the management, you need to make thorough review.
Grow your business even more in 2020
Welcoming the new year is not supposed to stress you out. Even if you don’t meet the goals precisely, you still have a chance to do better next year. The year has not ended anyway and you still have time to maximize the potential of your business. Not to mention that by giving a final push, you business have more opportunities to shine in 2020.
Bring out more motivation to your business including your team members and all. You can build more motivation to let everyone know that the journey is still going on. You can also remind yourself and the others about the journey you all have been through. During your review for the meeting, you can show a slide show of various photographs you documented throughout the years. They will look so meaningful when you look back at them. If you don’t feel confident with leading the meeting to reminisce the moments, you can hire professional speaker who understand how to bring out more motivation.
Make new year resolutions come true
Bring back your last year’s resolutions to the surface as a reminder. It can be about anything from financial to managerial goals. There must be something your business have achieved throughout the years. And to make year-end bookkeeping easier for you, do not wait it until the year truly ends. You can complete your bookkeeping monthly. Thus, you won’t have to deal with piled of bookkeeping tasks. Therefore, you can turn your focus on something else such as making new strategies to face 2020. thus, your business have more opportunities to grow even more.
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Reanalysis market and business trends
Reanalysis your market and the business industry you are in. There must be some changes happening throughout the years that more or less have effected your own business. Reanalysis them allow you to understand more about the dynamic of the industry. You can make thorough analysis of the industry including the products, competitive settings, customers services, policies, and more. This way, you will be able to manage your competitive edge. The more you understand, the easier for you to start building effective strategies to grow your business.
Make a final push during the year-end period. You may focus your final push on one particular area of your business. Choose the top p
It’s most likely that people who loves water and travel are just bound to love snorkel. Indonesia’s Komodo National Park is, apparently, one of the best place in the world to do so. The Komodo is just a perfect combination of rugged wild adventure in the surface and colourful coral garden under the water. The islands might seems arid and dry (which is a charm on itself), but life burst beneath the blue ocean. Aside of the dragons, Komodo is famously known for super clear water, vast and colourful coral garden, wall reeds, Manta Ray, turtles, and big fishes. Snorkeling in Komodo National Park is one of tourists’s favourite activity to do in this remote frontier especially for those who aren’t qualified for diving. Here are just some of Komodo’s stunning snorkeling spots that will surely steal your heart.
Manta Point, Most Famous Komodo Snorkeling Spot
If the giant carnivorous Komodo Dragons is the main star of the lands, we have the giant and graceful Manta Ray as the celebrity underwater. Manta Rays just love the currents and temperature of Komodo and they have several cleaning stations around. The most famous is Manta Point near Taka Makassar, where squadrons of “flying” Manta are seen frequently. It’s probably the shallowest Manta Ray sighting spot, as the Mantas usually loves deeper water. The Mantas love to go around to Manta Point in the morning and feed on planktons trapped in the shallow water. Here the water is flat and the current is decent, which make it perfect for snorkelers.
China Shop, the Hidden Gem
Not many people knows China Shop and that’s why it’s an absolute hidden gem! Not many liveaboard include the China Shop in their itinerary. Only chartered yachts and specialised diving liveaboard visit the China Shop, and that makes the spot is almost devoid of mainstream divers. The China Shop consist of hundreds of meters pristine reefs resting in shallow depth and it’s brimming with life! Manta Rays often visit this channel to feed and many sea turtles are seen hanging around at the reefs. Sometimes sharks are seen patrolling around, while the reefs down below is busy with macro life. The China Shop is definitely an underrated, yet one of the best spot for snorkeling in Komodo.
Batu Bolong, the Aquarium Reef
No one can talk about diving and snorkeling Komodo without mentioning the Batu Bolong. Batu Bolong literally means a rock with a hole on it, which is the actual landmark of the site. At the surface, all you see is a small rock submerging to the sea. Below the water, the rock is actually a giant rock reef which goes deep to 70 meters into the blue. A dive in Batu Bolong will instantly make others pale in comparison. The Batu Bolong was like as if all sort of marine life has a congregation meeting and never leave. This one particular site house one of the most immaculate reefs in the park and just exploring with colours and life! The reef is dense with hard and soft sponges while massive colony of orange anthias is making fish explosion around the reef. It’s also a favourite place for tunas, giant trevallies, and sometimes, dolphin which make this site even more stunning.
It is the start of the year and your business is still running. However, it is not enough because you have to do something to make it grow even more than last year. the start of the year is not the time for you to create goals, resolutions, or intentions. It is the time to start working for it. Planning the goals and resolutions should be done even before the new year comes. And now, it is time for you to accomplish the tasks of the most important things to help your business grow even more.
Important things to do at the start of the year
Your small business is still running in this new year and it is time to make it big. Since you have made your goals and resolution for this year, it is time for you to take action. There are tasks that should be included into top priorities to accomplish during the start of the year, such as:
Start setting a road map of your goals. You have made your goals but you don’t know how to accomplish them. Then, it is time to set everything so you have better vision of what to do. In setting up the road map, you establish deadlines and make proper measurement. Set goals that are measurable and attainable. This kind of road mapping helps in decision making.
Take your time to research and see what’s trending. It is always important to pay attention to the trends happening around your community. This way, you are more aware of the situation around you. You also become more aware of what to do with your business following the trend. You can make some adjustment when needed to make sure that your business will grow sales and operate more effectively.
Key performance indicator
Analyzing the the key performance indicators that your team must accomplish this year is also thing you need to do during the start of the year. You and your team should understand the goals and resolutions. Then, you decide who are responsible for which tasks. Setting deadline of when the task should be accomplished is also important. This way, you know the measurement of your business objectives.
Challenges vs distractions
Facing new year, your business may face new challenges. Thus, you have to be prepared for them. Try to navigate your focus on the challenges so your business will keep growing positively. Do not misunderstand challenges with distractions. Those are two different things. What your business should focus on is the challenges.
Start reaching out to those people in the industry. Building a relationship is essential and you have to do it as early as possible. The start of the year is the right time to do it. When you build a relationship, it means you are building trust as well. Therefore, the relationship will last for the long run. In addition, the start of the year is also a good time to search things you can improve to make your business grow better.
Furniture statement piece helps bring your living room to life. Make a point to design living room furniture Yogyakarta with one. is A statement piece, when chosen right, won’t only make the piece stood out, but also unify other furniture pieces around it as well. But choosing a piece of living room furniture can be tricky. Must you choose something bold? What about the consideration of your own preferences and style?
Living room furniture Yogyakarta
Before buying any living room furniture and ending up splurging on items that end up cluttered, start by defining your living room first and foremost. What’s the most important piece of furniture that you often use in your previous home or apartment? It’s also important to rethink the ultimate purpose of your living room.
Other things to consider is the permanent fixture of your room and other defining structure of your home itself. Is your living room in an open floor space and is combined with your kitchen? How should you turn this arrangement into your advantage when determining the statement piece of your living room? Having a clear idea of this would give you an easier time in determining the best statement piece of your living room.
Don’t start with choosing the statement pieces
Here’s the thing; even if your goal is to pick a solid statement piece for your living room, don’t start with browsing through sofas or quirky coffee tables first. Immediately choosing furniture would extremely limit your options. So don’t do that. Instead, look around your living room and take note.
Start from the ground up; choose your floor. Whether you want rugged floor, marble floor, or hardwood, decide it first before you choose any kind of furniture pieces and make it your statement piece in your living room.
Defining the focal point of your living room
A statement piece is not unlike a focal point in a room; that’s something that anyone looking to design their own home should take note of. So look around your living room Yogyakarta; particularly for its permanent fixtures. Do you have a fireplace in your living room? A permanent fixture is often made a focal point of a room.
Work with your room’s permanent fixture and your living room furniture in order to create an all-encompassing aesthetic that sets the tone of your room. Statement furnitures are often described as bold pieces; but in reality, it could be something simple and timeless, but made special by the clever arrangement of the room itself by playing with the focal point and permanent fixtures of your living room structure.
Living room decor
Ideally, a statement piece is something that’s also functional as well. This is why many statement pieces in a living room is often a sofa. But what if there’s a piece of decor that you absolutely love and would like to have as a statement piece as well? Combine your decor – an aesthetic piece, with a piece of a statement furniture to create the unifying aesthetic.
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