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The ability of a small business to survive in the business depends on both external and internal factors. External factors are factors that we cannot control whereas internal factors are more predictable. One internal factor that needs to be considered is how a small business makes a budget or called financial budgeting. Budgeting is a process that requires teamwork, both in planning and implementing it so that operations can run effectively. A budget is usually…

Marketing Strategy is one business strategy that cannot be separated from the planning and development of a business. Sometimes companies set a sizeable proportion to market their products because this greatly influences the sales. However, for those of you who want to start a business on a small scale, of course you need low-cost marketing ideas so you can save your capital and minimize expenses. Let’s look at some of such marketing ideas. 1. Brochure…

In order to start a successful business, besides a good business idea, we need sufficient knowledge to manage the business. Without it, an entrepreneur can have a wrong understanding of their business condition. A lack of analysis can result in entrepreneurs only looking at a business from the profit point of view without thinking about cash flow. Conversely, there are also entrepreneurs who only see the availability of cash as an indicator that a business…

What does quality product or service mean without effective marketing? No one will know about a product or service if the business does not do good marketing. This is the reason why many companies pour out large funds for their marketing. They know that spending on promotions will give them good return when sales have increased. However, do not be discouraged if your business only has a limited budget for marketing. Here are some ideas…

In starting a new business, an entrepreneur needs more than just a business idea. Funds or capitals are needed to realize a business idea. Therefore, many entrepreneurs usually try to apply for business capital loans to institutions such as banks. Loans can also be in the form of unsecured loans or guarantees. But many entrepreneurs fail to get loans. So, let’s go through the 5 tips for smart entrepreneurs when applying for loans. 1. Evaluate…

If you ever have a credit card, a loan or a bill, then you may have heard about credit reports. What is a credit report? How does it affect your business? In the midst of increasingly advanced financial environment, everyone must understand the definition of a credit report because this is one of the most important documents in your financial life. What is a Credit Report? A credit report is a collection of information about…

As the owner of a business, do you know the importance of inventory for your business? In this case, inventories are all types of goods owned by the company. Inventory can be sold or consumed for the operation of a business. There are at least two systems for inventory accounting, namely LIFO (last in first out) and FIFO (first in first out). These two recording systems definitely have an important role in your business, regardless…

Many business people felt so relieved in the past few months because of the tax amnesty which was given by the government. Tax amnesty is elimination of tax that should be owed. Taxpayers could be relieved from any sanctions by participating in the tax amnesty program. The tax amnesty in Indonesia lasted for 10 months from July 2016 to April 2017. Now that the tax amnesty program is over, tax calculation has returned as before.…

In business, the term ending finished goods inventory is often used. As the name implies, this is the stock of products that are ready for sale but not yet sold. A budget for these goods can be developed after calculating the basic costs of materials, direct labor costs and overhead budgets required to produce the products. Why do we need this? The ending finished goods inventory budget is very important for the company because it…

Every subject in this country is taxed and this also applies for businesses. However, determining the amount of tax is not easy because it is imposed based on many things, not only on a business’ profits. Taxes are also imposed on loans for business capital including online loans. Taxes also serve as a business’ obligations to the government. Tax can also be seen as a contribution by the citizen to the country, which is intended…