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Kinds of Home Businesses with Small & Big Profit Capital

Now having your own business at home is not a difficult thing to realize. Lots of home business ideas that you can try. Don’t worry about capital problems, because some home-based businesses don’t need large capital. In contrast to businesses that require rent a place that usually requires substantial capital for rent.

Home business is suitable for housewives, or a side business that can increase family financial income. It is also possible to run both husband and wife. Below will be discussed some types of home businesses that are more current trends:

Online Shop (Dropship)

This is the easiest and not too heavy a home-based business opportunity. To run this business, you only need a smartphone and make promotions to relatives, friends, or neighbors. If there is an order of goods, you only need to contact the supplier of the goods and they will send the item directly to your customer using your business name. Never underestimate this business, although it’s simple the results are tempting.

Les School Lessons

With the graduation standard limit for every level of education from the government, making parents compete to put their children into some famous tutoring. But usually, the cost of tutoring in some of these places is quite expensive. If you have the ability to teach, you can open home tutoring at a lower cost. You just have to prepare an empty space at home plus a table and some stationery for the tutoring process.

Catering

For those who like cooking, you can try to open home catering. You can do promotions during family events, social gathering, or word of mouth to be better known by local people. The most important thing in starting this business is the taste of cuisine that is not inferior to other catering and the price can be cheaper.

Morning Breakfast Shop

Breakfast shops are also one of the small businesses that are profitable, how not, you just have to sell in the morning, you can get a substantial profit. Especially if the location of your home is in the area of workers or students, most of whom did not have time to prepare or have breakfast at home. So that customers do not get bored, you have to have a large variety of menus with good taste. Breakfast menu that sells well is vegetable rice, yellow rice, and others.
Various Payments Online

Online payment agent businesses are now in trend and are in great demand by small entrepreneurs or home-based entrepreneurs. You just have to prepare a laptop or computer connected to the Internet to run this business. This business still has opportunities that are wide open, you only need to register to become an online payment agent and your customers will come by themselves. Because many people do not have time to pay for electricity, PDAM, telephone, internet, cable TV, credit installments, and other types of payments.

Credit Counter and Data Package

Current credit needs and data packages can be said to be a mandatory requirement for everyone. In fact, there are some people who have more than 1 smartphone, surely all of them need pulses and data packages in order to communicate and access the Internet. To run this business, you are not required to have a physical counter. You only need a smartphone and write ‘Sell Credit & Data Package’ at home.

Laundry

Laundry services are a considerable opportunity, especially in urban areas or close to boarding houses. Most of them did not have time to wash clothes because of busy work or college, so they prefer laundry clothes. For a home-based laundry business, it must have the biggest capital to buy a washing machine and iron clothes. Try to provide a good service, on time, neat iron, and clean laundry.

Refill Drinking Water

In big cities for drinking water needs is more difficult to obtain than in the village, because groundwater is already heavily polluted so it is not suitable for consumption. Many people in the city prefer to buy refill water. Besides being clean, the price of refill water is also more affordable when compared to branded gallon water. For this water filling business, you only need a place in your home to put the filling machine and water drum. You can also provide delivery services for your customers.

Sew clothes

Why do you need a sewing business? Because this sewing business will not be lost in time. Many people need it, especially during the new school year or approaching Eid al-Fitr there are usually lots of orders coming in. For sewing it must have skills first but don’t worry, you can take part in sewing lessons. After your sewing skills have, try also learning to design your own clothes, that way, you can sell your own clothes.

Grocery store

The latter is opening a grocery store. The condition is that your home must have vacant land directly facing the road so that it can be seen by passersby. For products sold, try household needs such as bathing, washing, groceries and children’s snacks.

Even though the business you are doing is a home-based business, you also have to pay attention to financial records, especially income, expenses, debt, and capital. Because if until your financial records fall apart, then the business will be difficult to develop or the worst possibility is even out of business. But don’t worry because there is already an online accounting software in Indonesia that you can use, namely the Journal. With a Journal, you can focus more on managing and developing your home business.… Read More

A smart way to develop a business strategy

What is a business strategy? Business strategy is a way or plan in the form of a concept that is deliberately made to achieve the company’s long-term goals. A strategy is a key to achieving a competitive advantage and the success of a business. Not infrequently companies ask for help from top consultants at a high cost to formulate a strategy. Having a business strategy for the business to be run is very important. However, business strategy is not the only determinant of organizational success in achieving the strategic objectives that have been implemented. The conceptual business strategy may be good, but if the implementation is bad, the result is a failure. Many companies slumped because of implementing inappropriate strategies. Therefore, it is important to consider the strategy selection carefully and thoroughly. Businessmen who invest time and effort in composing business plans intelligently are more prepared to face the risk of business competition. Although the business plan does not guarantee 100{88302d7c361b14fd3eec4a5ad63b607fb8f238f24739b27871d67ed2ca6762c4} of a person’s success, this method will create opportunities for success.

To be able to maintain the survival of the company and win the competition requires a competitive advantage (competitive advantage) of companies that compete in the business they do. Competitive advantage can be achieved if the company makes the first step by making a good business plan. Management experts suggest that planning is so important in determining the direction and purpose of future activities and what is being done. Planning is expected to anticipate future activities and reduce the risk that might occur.

According to Stephanie K. Marrus, the strategy is defined as a process of determining the plans of the top leaders who focus on the long-term goals of the organization, accompanied by a way to form or how to achieve these goals.

According to Hamel and Prahalad, the strategy is an incremental action (continuous) and continuous and is carried out based on the perspective of what is expected by customers in the future.

According to James Brian Quinn (1980) is “a pattern or plan that integrates the main goals, policies, sequences of actions into the whole that is related”.

According to William Hence (1985) defines strategy as “concentration of sources on opportunities for competitive advantage”.

Smart Tips for Developing a Business Strategy

A business plan is like a written development concept that contains details of the description of financial planning, management, development, achievement targets and marketing strategies. The business plan outlines the direction, goals, and strategies of the company for the short, medium and long-term.
Here are smart tips on developing a business strategy: Have a Clear Business Description Arrange the Vision, Mission and Strategic Plan for your company. What are the goals to be achieved and strategies for achieving them? Describe the company’s current and future position, target market, competitive advantage, the location of the business, core management, business form, management concepts that are implemented and so on.
Perform Analysis of Business Competitors Make a note on analyzing your business competitors, observe and write down the strengths and weaknesses of their business. Then analyze what things you can learn and apply for your business.
Proper Targeted Marketing strategy making a Marketing Plan that includes an explanation of the chosen market share, ways of marketing and promotion that are made in accordance with the target market, to budget plans for sales, prices, distribution, and other costs.
Have a Financial Report Create a financial report describing this year’s financial cash flow statement, earnings expectations, capital requirements, operational costs, additional costs, reserve funds.
Maintaining the Quality of Products / Services Analyze risks that you might face in the future and anticipate the actions taken to deal with customer and company satisfaction.
Optimizing Human Resources to Realize Business Strategies
Human resources (HR) are the most important tools in realizing business strategies. If the HR cannot do business strategies that have been conceptualized, of course, a company cannot reach its goals.

Business Planning

Coulthard, et al (1995) argued that business planning is a detailed study of organizational activities about what organizational focus is done now and what will be done in the future in the program to achieve maximum results. According to Linda Pinson (2003), that understanding from a business plan is a business blueprint and will be equipped with tools to analyze and implement changes so that your business is more profitable. Vincent Vincent Gaspersz (2002) suggests that the business plan defines and sets goals and programs for achieving goals, regularly reviewing and making corrections to business plans, defining a new business or developing existing business.

Goals and usage

The purpose of business planning is that the business activities that will be carried out or those that are running remain on the right track according to the plan, are guidelines to sharpen the expected plans and seek funding from third parties. The purpose of business planning is to define agreements between partners business, setting the value of a business for sales and legal purposes, assessing a new product line, promotion, or business expansion, helping to maintain focus on key objectives, as a tool for evaluating possible alternatives, and providing a reference to measurement actual results.… Read More

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Business And Finance BA

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