Business and Financial Watch

Posts Tagged ‘Business’

Most young people who had worked to put the excess funds are still confused. One of the coveted young people to invest is a property.

Well, usually young people will be confused with many questions, such as where the exact location, properties such as what the prospects are good, to which one is most profitable.

How to tips on choosing an investment in the property sector? Here are some tips that quoted by The Sydney Morning Herald, Wednesday

1. Ask yourself, why do want to invest in property, and what you want to earn?

If you want to get rich quick, then this is not the path you should take. Indeed, we have seen a surge in property prices a few years back, but property prices as well as the economic cycle, rising slowly. Despite the crisis, but in the next few years we will still see growth in property prices.

Average property industry players like to follow trends. For reasons that can not be explained by common sense, they just chase the property at the time the price went up. So, we can be sure the price increase would still occur in the coming years.

There are still many other factors that support the rising property prices. But, it is hard to guess when the price goes up and up to how big the increase. Instead of wondering pairs better with a long-term targets follow the development of national economy.

Currently, the crisis was engulfing Europe and the United States (U.S.), but these external factors will not affect much on the economy of developing countries. Thus, property prices will not fall upon this sentiment.

If you are young and just intend to get into the property industry, you have plenty of time to save money while looking at the world market developments. Do not rush.

2. Do not blind information

Once you seriously want to put some funds in a property, search for deep information about the industry, ranging from enterprises to the current trend. There have been many stories of developers who asked for a down payment after it disappeared swallowed by the earth before the property was completed. Do not be lured by cheap but an investment with high returns.

There are many ways to explore this kind of information. Internet has opened the window wide open. This is the most appropriate place for young people who want to look for news about the property. Not only that, read newspapers and magazines are also reputable property that contains the news.

The Internet also provides the price, location to where you are looking for a loan to buy the property. If you want to know the current trend, the article also read the opinions of the perpetrators of the property.

3. Invest in a balanced

It is undeniable, in the minds of young people investing in property can provide a high profit. It is also generally supported by both parents who have experienced a home or other property.

But, if you are young with more money and do not have dependents, it never hurts to invest elsewhere. This is done so that your investment is balanced, not heavy in one sector alone.

Even though you’ve just worked, but nothing to lose if you set aside a little of your income to invest in stocks. Or you could just push the advance of funds in the stock. Once you can profit, the funds can be used to purchase the property. Learn to invest early on to hone our ability to dredge dollars in the future.

No need to set aside funds to start investing too much, say around Rp 10000-50000 per week. Although small but better than nothing.

This small approach teaches you to share the risk. Your funds will not go away if anything happens, different if only placed in one container.

4. Saving as much as possible before you buy

If you intend to sublease the property you buy, such as houses or apartments, then you should have more money for the cost of care. If you buy property to live in, still needed the extra money, for money cleanliness and safety of your property maintenance as well.

The best step you can do is keep more money in savings before buying property. With this, you are better protected than any other additional costs.

Credit Card Danger

Because of its simplicity and no need to spend money when buying something, often we are too busy to shop regardless of how much total money that was spent. Moreover, because do not use cash, making the total purchases do not seem large compared with the cash shop. We seem to still have a lot of money for unused cash.

However, if you do not pay in full the total bill the dangers await you. While you will be able to pay the minimum amount which is usually for 10% of the total bill. However, its shortcomings will be counted as a debt to be paid and interest is very large. As a result, the total to be paid would be enormous and will continue to bloom, so the amount to be paid will become bloated.

If you have not paid off for some time, the bank will bring in debt collectors who will violently force you to pay these arrears. Many credit card users end up having to sell his property to pay off the debt that swelled due to credit card interest. Pelu known, that the interest rates most credit cards than other types of credit.

Credit cards are also often used in fraud. Someone or some institution might fool you with a variety of ways to get your credit card number. Furthermore, they will make a purchase or making money with your credit card number that will be charged to you as a credit card owners.

Credit Card Benefits

Credit cards will be very helpful especially in times of emergency when we do not have the cash. For example, when I had to pay the hospital. Credit cards give up to one month for the repayment. So if we do not have cash, we can still pay the hospital fees and credit card bills paid after receiving a salary or if we can have payments for some time.

By the time you have to transact online, one of the most popular payment is by credit card. Another benefit is when you have to go to a place that is not wise to carry cash.

You can also take advantage of promotions from credit cards to get discounts at a particular restaurant or while shopping at a particular place. If the purchase is important and necessary course you will benefit from discounts obtained. But this needs to be examined properly. If not, would be wasteful to make us buy things that do not need or dine at the restaurant for being attracted to the discount given.

Although its role in private sector business activity is very large but most family businesses do not last long because it failed in leadership succession and not able to handle internal conflicts as well.

In a conference on family businesses in Jakarta, Thursday, Director of the Jakarta Consulting Group AB Susanto of Indonesia explained that family businesses can survive until the third generation and only 24 percent until the fourth generation which is only five percent.

Recent survey by the Jakarta Consulting Group also showed that only three percent of the family company that was built in 1932-1943 who survived until now.

While the family business that was built in 1944-1955 and only two percent of family business that began in 1956-1967 only 10 percent survive.

Family company that was built in 1968-1979 and in 1980-1991 who survived until now each one as much as 24 percent.

Susanto explains the main problems faced by family businesses in maintaining business continuity is a conflict between family members, succession of leadership failures and problems in locating family members in business.

All three, he said, is a recurrent problem in the family business in addition to problems of management structure, distribution of compensation, competence, and the misalignment between the interests of families and businesses.

Have you worked hard toil, making money here and there, but the results are not yet satisfactory?

Whether the remaining time you have too little for the family only because it is tied with an exhausting routine of work and boring? Your daily stress, depressed because your boss intimidation, went to work in the morning and returned home full of feeling tired in the evening … and tomorrow you will repeat this routine.

Is this your life?

If your answer is “YES”, then keep reading!

I’ll show you how to change the conditions
you financially in a simple way, that you never imagined before!

Once you read this information, you will find abundant INCOME SECRETS reach … from the internet!

from simple business that is run in front of a computer,

begins with a small capital to run it,

only by working two hours a day, no need for long,

without the need to leave the child and his beloved wife,

and businesses run automatically!

Not fun if we could achieve all this?
So, read on!

Introducing, my name is Joko Susilo, M/33 th. If you think I’m the IT (Information Technology) … absolutely not! Basic education is my ARCHITECTURE, just to S1.

Below is a photo of me with the children and his beloved wife. Just like you, they are the greatest motivation we so willing to work hard day and night. Really not?

You can also see some photos of some of the results I have achieved from the internet business. You know, honestly … I could almost impossible to achieve all these achievements without the help of a unique business system that we will discuss here.

Each month of Ramadan arrives, a variety of seasonal business opportunities emerging market competition staged in various parts of the region. Nowadays not only various kinds of food businesses are run by many residents, some of them starting to break the fashion business such as producing and marketing the latest hijab model for huge profits in the blessed month.

As we all know, the veil is one of the complementary Muslim clothing that is always busy looking for the consumer. Towards the day of Eid, as now, demand that the veil was experiencing a surge so high that many seasonal businesses are beginning to utilize this condition as a promising business opportunity.

consumer
Basically, the target market that you can shoot very broad, because all Muslim women are required to wear veils to cover their nakedness. Ranging from teenage girls, housewives, career women, to elderly women, all of which require the hijab as an obligatory part of the clothing they use every day.

Succession planning is a process for identifying and developing internal people with the potential to fill key leadership positions in the company. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Taken narrowly, “replacement planning” for key roles is the heart of succession planning. Effective succession or talent-pool management concerns itself with building a series of feeder groups up and down the entire leadership pipeline or progression (Charan, Drotter, Noel, 2001). In contrast, replacement planning is focused narrowly on identifying specific back-up candidates for given senior management positions. For the most part position-driven replacement planning (often referred to as the “truck scenario”) is a forecast, which research indicates does not have substantial impact on outcomes.

Fundamental to the succession-management process is an underlying philosophy that argues that top talent in the corporation must be managed for the greater good of the enterprise. Merck and other companies argue that a “talent mindset” must be part of the leadership culture for these practices to be effective.

Research indicates many succession-planning initiatives fall short of their intent (Corporate Leadership Council, 1998). “Bench strength,” as it is commonly called, remains a stubborn problem in many if not most companies. Studies indicate that companies that report the greatest gains from succession planning feature high ownership by the CEO and high degrees of engagement among the larger leadership team

Companies that are well known for their succession planning and executive talent development practices include: GE, Honeywell, IBM, Marriott, Microsoft, Pepsi and Proctor and Gamble.

• Research indicates that clear objectives are critical to establishing effective succession planning. These objectives tend to be core to many or most companies that have well-established practices:
• Identify those with the potential to assume greater responsibility in the organization
• Provide critical development experiences to those that can move into key roles
• Engage the leadership in supporting the development of high-potential leaders
• Build a data base that can be used to make better staffing decisions for key jobs

In other companies these additional objectives may be embedded in the succession process:

• Improve employee commitment and retention
• Meet the career development expectations of existing employees
• Counter the increasing difficulty and costs of recruiting employees externally

There appear to be two main factors affecting the development of family business and succession process: the size of the family, in relative terms the volume of business, and suitability to lead the organization, in terms of managerial ability, technical and commitment (Arieu, 2010). Arieu proposed a model in order to classify family firms into four scenarios: political, openness, foreign management and natural succession One of the largest trends in family business is the amount of women who are taking over their family firms. In the past, succession was reserved for the first born son, then it moved on to any male heir. Now, women account for approx. 11-12% of all family firm leaders, an increase of close to 40% since 1996. Daughters are now considered to be one of the most underutilized resources in family businesses. To encourage the next generation of women to be valuable members of the business, potential female successors should be nurtured by assimilation into the family firm, mentoring, sharing of important tacit knowledge and having positive role models within the business

Successfully balancing the differing interests of family members and/or the interests of one or more family members on the one hand and the interests of the business on the other hand require the people involved to have the competencies, character and commitment to do this work.

Family-owned companies present special challenges to those who run them. The reason? They can be quirky, developing unique cultures and procedures as they grow and mature. That’s fine, as long as they continue to be managed by people who are steeped in the traditions, or at least able to adapt to them.

Often family members can benefit from involving more than one professional advisor, each having the particular skill set needed by the family. Some of the skill sets that might be needed include communication, conflict resolution, family systems, finance, legal, accounting, insurance, investing, leadership development, management development, and strategic planning.

Ownership in a family business will also show maturity of the business. If all the shares rest with one individual, a family business is still in its infant stage, even if the revenue is strong

I tend to agree with the comments in that succession is only one of many issues that specifically affect family businesses – they still have to deal with the day to day operational businesses that all businesses have to deal with.

The one thing that I do not agree with is the last comment such that succession problems will only exist after the founder plans to retire. Firstly, many businesses are making the transition from generation to generation many years and in fact many generations after the founder was involved and the whole preparation process for succession can take many years, and is very often a process that is engaged in and only when an appropriate successor has been identified does the plan to step down come into play.

Succession is an emotional issue for the person relinquishing control and can be a real challenge for the next generation but the key thing for anyone entering into a transtionary period/process is for good, open and objective communication with all concerned, clear definition of roles and responsibilities and also a time frame for implementation.

Even then there is no guarantee of success as the current leader still has to step down and cease their day-to-day involvement which, for many of them is not an easy thing to do!

There is perception in the public that the family owned company will unfairly treat the non members of family in the company. This perception is supported by a survey conducted in Surabaya, Indonesia. The respondents of the survey are young job seeker and the goal of the survey is to get their opinion about family business. The survey came with the result that 80% of the respondents believe that there is an unfair treatment between family members and non family members in the company owned and managed by family.

Is that really happened?

That survey only indicated about the perception of the job seekers, and another survey conducted by the Jakarta Consulting Group which the target respondents are the family owned companies and to know how the organization manage their career path of the employee especially the family members. The result showed that 36.8% of the respondents (the family owned companies), the family members directly got the strategic position in the company, 20.7% family members got the special treatment, 16.1% the family members have to follow the regular career management, but with the special policy with the shorter period to follow. And only 26.4% of the respondents have no special treatments to family members regarding the career management.

This survey gave the indication that there is an unequal treatment in the family owned company (family business) between family and non family members and also became a proof of the perception in public about unfair treatment in the family business. This is an important issue for the family owned companies, because the unfair or unequal treatment between family and non family members has showed that the organization have tendency to operated and managed not in professional way.