Earning Passive Income From Property Investment

Earning Passive Income From Property Investment

If you aim to be a successful person, you need to take as many as opportunities while you can. And if you aim to be a successful person with financial independence, creating multiple revenue streams sounds like a good idea. And you have seen how the pandemic has affected almost everyone. And for those who have multiple revenue streams seem to be doing well during crisis because at least they have back up to keep them afloat until they can get back on track. Property investment can be your source of passive income if you can organize it right. 

Running a rental to gain passive income

You can run your business while earning passive income from renting out your property. If you are new to property investment, it may sound overwhelming because you think about how to properly rent it, how to organize it and keep it clean, how to promote it, and which location should you choose to buy a good property that attract people. And here are tips for you to organize your property investment properly:

Promote your property

Promotion today is not really a big deal because there are so many platforms you can use even for free. Internet is the largest platform you can use to market your space because it can reach larger audience. For the starter, you can make a website to look professional. Also, even though you have the third party, you can add some details on your own website. Or, you can also make a social media account specifically for your property to make it easier for your prospects to reach you out.

Keep everything organized nicely

Even though property investment is like your second child, you still need to organize it well. Make sure to create simple process to keep your time and documents properly organized. Make separate folder for your property investment so you can track it well. Also, set aside a specific amount of time for you to check on your rentals daily. You can do it for about thirty to sixty minutes a day to respond inquiries, update social media, etc. 

Add your personal touches to your rentals

Having clean and organized rental is like a basic. And you can level it up by making it more unique than the average rentals by adding your personal touches for your guests. For example, send your guests handwritten cards or arrival gift. You can also put some books and games or leave some snacks and beverages for them to enjoy during their stay. 

Make sure to keep your rental free of clutters

Decluttering your rental space is important to keep your guests comfortable during their stay. You don’t have to put unnecessary knick-knacks in your rental especially if they don’t have any emotional connection whatsoever. Even if you want to put something as decoration, keep it minimal. Give space for your guests to store their personal belongings. If your property is purely for rental, do not leave your personal items since they won’t be useful for your guests anyway. 

Preparing Your Villa Ubud Bali for Christmas Holiday!

Preparing Your Villa Ubud Bali for Christmas Holiday!
Image source: Instagram/@bridgesbali

People will be ready to schedule vacations and trips for 2021 as soon as COVID19 travel restrictions are lifted. Families, friends, and couples are busy crafting holiday wish lists and looking at properties for their first trip after COVID19. It’s time to get organised in order to increase your chances of being hired. And as Bali’s governor announce Bali’s reopening in November, this is certainly a good news. What does it means for your villa business in Ubud Bali? 

With the reopening plan of Bali in November (news source here), fully-vaccinated guest might be planning to spend Christmas and New Year in this resort island. Tourism makes Christmas in Bali always feel magical—a perfect destination for travelers who want to escape chilly winter. So how to prepare your villa in Ubud for this December and get ready when booking peaks?

Create Special Christmas Bundles for Your Ubud Villa Bali

Create some holiday-themed packages or discounts that you may offer as limited-time deals. This is a fantastic way to re-engage prior visitors. If you have a lot of repeat visitors, this is a good time to ask them what they like to see in a holiday vacation rental. You are the greatest person to know your customers, therefore attempt to match your adjustments to what will make their stay memorable.

Warmly Welcome Your Guests with Christmas-Inspired Gift Basket

Warmly Welcome Your Guests with Christmas-Inspired Gift Basket
Image source: Pinterest/It’s A Pinteresting Life

This gift should remain small, but thoughtful. A great idea is a basket with some hot cocoa, tea, or even apple cider mix. You could also bake some Christmas cookies and leave them on a decorative plate. In case you have some coffee lovers, you could leave a couple Christmas mugs. All of these small things will totally make guests’ holiday at your private villa Ubud feel special.

Set Minimum Stay in Your Property

A minimum rental length will be an important aspect of your vacation rental. Even if you don’t manage a vacation rental home, the stress of the holidays can be overwhelming. Don’t rush to prepare your property for the second wave of visitors with short notice. Require a minimum length of stay.

A three-day minimum is a smart place to start because it eliminates the possibility of guests departing on Christmas Eve and new guests arriving on Christmas Day. This eliminates any potential hassles or stressors in your villa Ubud. This way, guests are more likely to book for longer lengths of time as a result. In between visitor cycles, it also allows you and any of your regular services to relax and enjoy the holidays.

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Converting Your Private Bali Villas for Long-Term Rental

Preparing Christmas Decoration for Your Ubud Villas

Preparing Christmas Decoration for Your Ubud Villas
Image source: Instagram/@stoncausa

Bring in the magical Christmas inside your Ubud vacation rental. You don’t have to go overboard with decorations; even a small quantity will create a joyful mood for your guests.

Christmas Tree

Every area could use some festive happiness, and it doesn’t have to be expensive. You can choose a little Christmas tree if you don’t want to set up a large one. Add a tree skirt and some fake presents, and you’ve got yourself an Ubud house suitable for Santa Claus.

Lighten Up Your Ubud Villa Bali

Another option is to decorate a portion of the house with white Christmas lights, which you can do if your rental has a front porch or stairs. Consider putting a colorful wreath on your front entrance to make a positive first impression. To make your guests feel warm and snug while they settle on the couch, place a few red and green Christmas ornaments in a medium-sized glass bowl on the coffee table.

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Get Festives

Consider simple pine garland over a doorframe and a wreath above the fireplace as Christmas and seasonal touches. You might also profit from not being too precise when it comes to decorating. Use fall and winter colors to decorate snowmen and pine cones. You may also add some candles to the mix to assist fill the room with festive scents. The key is to make it feel welcoming without being overbearing to your visitors.

The Power Of Hands-On Learning In Entrepreneurship

The Power Of Hands-On Learning In Entrepreneurship

When you hear the word ‘learning’ one of the very first things that comes to your mind must be a classroom full of students paying attention to the teacher in front of them. However, the definition of learning is more than that. It is more than being caged in a system and follow what the other teaches you. There are many ways to learn with different strategic and methods. In entrepreneurship, the willingness to keep learning is necessary for you to reach success. However, hands-on learning can be considered as one of the among many learning methods that work best in entrepreneurship.

How powerful is hands-on learning in entrepreneurial world?

Entrepreneurs come from different backgrounds. Some of them may learned about business through formal education before. Meanwhile, there are also some others who learn through informal education. There are also those who just dive in and hands-on learning everything as they run their businesses. So how important and powerful is hands-on learning in entrepreneurship?

How powerful is hands-on learning in entrepreneurial world

Hands-on learning is not something new because it is often implemented in early childhood education as well. Many educators and teachers find it more effective in helping students to retain information. It is also considered more engaging because it provides critical thinking and practical problem solving opportunities through real experiences. Hands-on learning is putting a concept into real action. And you can implement it also in during your entrepreneurial experience.

As entrepreneurs, you are required to take many jobs, making you have multiple responsibilities at once. You have to communicate with customers and market your services. You also have to develop effective business model to generate revenues. You have to manage your employees to build powerful workforce, and the list keeps going on. There are sources you can use to gain more knowledge in many entrepreneurial aspects. However, your knowledge will become so much more real when you implement them in real scenario. Your knowledge and abilities will keep improving the more you have real experience through hands-on learning. 

It is also important for you to recognize the potential of trials and errors. Hands-on learning means you implement what you already knew into real-world, making you able to identify more accurately of how it works. Sometimes, it results in good outcomes but sometimes it doesn’t. do not see errors as failures. Instead, use them as opportunities for you to learn more what went wrong and how you can fix it for better result later. You still gain knowledge because you know what mistakes to avoid. 

It is also beneficial for you to consider having a mentor to help you with your hands-on learning.  They will help guide your journey and improve your learning outcomes without excessive intervention. A great mentor offers guidance for you without keeping you on a leash. They help you by pointing you in the right direction and offering correction as needed. They don’t dictate you but share their insights and expertise that will help enhance your actions. They are not meant to do the work for you. 

Driving Revenue By Connecting With Customers Genuinely

Driving Revenue By Connecting With Customers Genuinely

When it comes to business, there are many goals to reach and one of them is to always be closing. However, this is often misunderstood by many customers thinking that sales professionals will do everything to speed up the process even by making a shortcut that doesn’t put customer’s best interest in mind. This is a common stigma many sales professionals still receive now. However, there must be something that started the stigma.

Sales professionals focus

It is often that sales representatives focus on showing products or service and educating customers about the benefits without considering the customer’s unique needs. This often happens during procurement process. Hence, it is a must to change the mindset in professionals who are responsible to promote and sell their products to customers. 

Sincerity is the key

Encourage your sales team to approach the sales process with care

Businesses can do unconventional methods or thinking to drive revenue. However, sincerity should always be the core of business actions and during the procurement process. Do not let your sales team view sales from traditional standpoint. Instead, engage your team to think in another standpoint, allowing them to be ready for any changes while being connected genuinely with customers. 

Encourage your sales team to approach the sales process with care

Your customers seek out for products and service with care and effort. They spend money they have earned to buy your products and service hence, reciprocate the sentiment by giving them back with care and effort to them. Only this way, you will gain trust and loyalty from your customers because they know you are being genuine with the procurement process by putting their best interest.

Encourage your sales team to position themselves as partner in the sales process

Encourage your sales team to view their potential customers as though they have already know your product and service from their own research. Hence, you view customers as educated professionals when presenting them with products and services. Always position the firm and branding to match with the genuine reasons why they are offered solution. 

Put different approach with each potential customers

Encourage your sales team to view customers as unique individuals. Each customer must have different needs so make sure your sales team help each customer to find the right product and service that solve their problems. This way, your sales team will understand better customers’ desires and become the right partner for them for the buying process. Help customers make the best decision to purchase something the fit their needs. 

Encourage your sales team to keep the buyer’s perspectives in mind

To obtain customers as client, connect with genuinely by thinking in their perspective. This way, your sales team will take actions based on what customers truly need. Encourage your sales team to focus on giving solutions with care, passion, and deep understanding of customers. By connecting and partnering with customers during buying process, you allow them to feel more in control with their decision. It provides better buying experience to them. 

Converting Your Private Bali Villas for Long-Term Rental

Converting Your Private Bali Villas for Long-Term Rental

Short term vacation rental is quite a popular business in Bali. In fact, most private villas in Bali are turned into vacation house to accommodate the travelers. However, short term rental properties are quite saturated in this island and more property owners are entering the market every year. This is why long-term villa rental is appealing. First, you have less competition as hotels and resorts are eliminated from competitors. Second, there are lots of foreign settlers in Bali that needs a temporary home for a year or two. These are more reasons why long-term rental is beneficial for private villas owner.

A Reliable Source of Income

Long term income guarantees a steady cashflow to your bank account at all season. You don’t have to devise a special marketing strategy during the low season and slow months, because your long-term renter will pay the rental cost every month. Long-term rental has the advantage of ensuring consistent earnings throughout the year. If you’ve had a reduction in bookings, this can help you maintain your earnings.

Less Property Management Responsibilities

You Don’t Have to Fully Furnished Your Private Villas Bali

Management responsibilities are reduced. When compared to short-term renting, tasks like guest communication, check-in and check-out, and web promotion are reduced when you only rent to one visitor at a time. In most cases, you will only need to speak with the visitor once they have checked in and settled into the property.

You Don’t Have to Fully Furnished Your Private Villas Bali  

Less Property Management Responsibilities

Furnishing the private villas Bali to the detail is essential for short term rentals. However, this is not necessarily the case with long-term rentals. Long term rental allows you the option of fully furnishing or partially furnishing the property. When seeking for a longer lease, many tenants bring their own furnishings. This can help you save money on additional rental furnishings.

Saving Money on Less Amenities to Provide

Short term and long term rental have different amenities that guests need in the house. In the short-term rental industry, competition can be fierce. This is because the guest-to-rental ratio frequently favors guests, who can choose from a variety of rentals. To make their rentals stand out, hosts frequently invest additional money on basic amenities. This is less prevalent in long-term private villas Bali rental because visitors have varying amenity needs. Guests wishing to rent for a longer period of time will be looking for basic amenities like a dishwasher rather than a hot tub or a bonfire.

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Utility Bills of the Private Bali Villas isn’t Your Responsibility

Utilities are one of the most significant recurrent monthly expenses in a rental property, and they can vary significantly from month to month depending on a variety of factors. However, in most circumstances, it is the renters, not the landlords, who are responsible for paying the utility costs.

How To Structure More Productive Workday

How To Structure More Productive Workday

Entrepreneurs’ workday are often not standardized. Many of them work for more than 14 hours at a time. Of course, it is not healthy even from any perspective. However, most entrepreneurs think that 24 hours are not enough to do their work. You might be one of them who work long hours on daily basis. The problem with this is, there is no guarantee that your days are truly as productive as you thought. 

Structuring your day to be more productive

Being an entrepreneur and small business owner often leave you with no choice but do everything on your own. You have so much on your plate just to make sure everything runs well. However, it is also important to know if your days are productive or not with how much you work. Because you can make your workdays more productive without straining your well-being.

Rely more on your calendar to spend your workday. Do the tasks that are stated on your calendar. Hence, it is important to set up your calendar to manage your schedule. By relying on your calendar, you know how much time you have in a day. It also helps in eliminating distractions. It helps you to keep up with your schedule better. 

Structuring your day to be more productive

Make your meeting short and simple. Meetings are often time-consuming. You can make it short but with great outcomes using three elements. You need an agenda, a two-minute rule, and a person to lead. With those elements, the meetings will be much more efficient. Agenda will make everyone stay in the topic. The two-minute rule allow every participant to talk only for two minutes not more. The leader helps monitor time and keeps the agenda flowing. 

Sort out your tasks and separate the small and big ones. Finish your bigger, arduous tasks when you are in productive mode  and motivated mindset. Then, group small tasks together and finish them when you don’t have to spend a lot of mental energy. Smaller, mindless tasks can be finished quicker together. It is also recommended to tackle touch tasks first so you have more energy to do the other tasks because you know that you are capable with how you succeeded in completing the tough tasks. 

Plan in breaks in your workday. Working constantly for 12 hours without a break will not make your workday more productive. When you are tired, you will be distracted. You will be unable to stay focused and end up completing your task longer. Set 10 minutes breaks to go escape from your work by going on a walk, looking at the landscape, and just clearing your head. Two or three short breaks a day will make you more productive. 

Eliminate things that can distract you. So many distractions that can hold you back from working productively. They can be your phones, foods, noise, etc. Silent your phone during work and make sure your stomach is full already. Block noise by using a canceling-noise headphone. Set a reminder/alarm so you know when to take a necessary break. 

Foolproof Tips on Building Pet Friendly, Luxury Villas in Bali

Foolproof Tips on Building Pet Friendly, Luxury Villas in Bali

Do you know that vacation rental properties in Bali could dropped by half when you tick the “pet-friendly” checkbox? Finding a vacation house for pet pawrents is such a struggle—in contrast with Bali’s friendly nature to feline and canine companions. Many luxury establishments shun furry companions for fear of ruined furnitures, surface staining, and other unmanageable damages. If you see the matter from business lens, this means less competition for pet-friendly luxury villas in Bali. So why you should consider starting a luxury pet-friendly vacation rentals and how to do it right?

Why you should welcome pets to your luxury villa Bali 

When it comes to managing short-term vacation rentals, the more people who are interested in your listings, the better. You may have already made investments to make your apartments suited for families, commuters, and college students, but have you considered extending a warm welcome to the world’s four-legged travelers?

Why you should welcome pets to your luxury villa Bali

To begin with, there is a sizable demand for pet-friendly, luxury villas in Bali. According to a TripAdvisor survey, more than half of pet owners bring their furry companions on vacation. The next thing you’ll want to know is that, due to high demand, there aren’t many pet-friendly short-term holiday rental options. On top of that pet owners are willing to pay more for pet-friendly vacation rental as pet hotels could be very expensive and nobody likes to leave their paw-companion behind. Allowing pets is a terrific way to boost bookings and appeal to a wider range of customers. In fact, according to a recent HomeAway Voices poll, 31% of pet owners would prefer to go somewhere that allows them to bring their pet.

Deposit charge fees for pets

If you travel frequently with your pet, you’re probably aware with additional pet expenses. Animals are less concerned about the well-being of your property than human visitors, so regardless of the precautions you take, you should expect some minor damage from time to time. You can use the deposit charge to cover for stains or damaged furnitures caused by the pets. 

Setting boundaries of pet-allowed areas

Setting boundaries of pet-allowed areas

You’ll also want to establish clear ground rules for your visitors and their canine companions. Don’t presume they’re aware that the bed is off-limits, or that the china bowls in the cabinet are off-limits. Tell your visitors that you’d like them to maintain all animal activity within the limits you’ve set. While dogs and cats are generally allowed in living room and kitchen, you might want to keep them from bedrooms. If this is the case, a little investment in some interior gates (usually intended to keep newborns away from stairwells and other potentially dangerous areas) is a simple answer.

Pet-proofing your luxury villas Bali 

The most important thing when you want to build pet friendly exclusive Bali villas is by pet-proofing it. Consider acquiring a sofa cover for when you have animal-accompanied guests and relocating all fragile or edible things to higher areas. Choose a pet-friendly flooring. Scratch-resistant, stain-resistant, comfy, and attractive pet-friendly flooring is perfect. Don’t forget about the curtain and make sure you buy a high-quality one.  Blinds, shutters, and curtains are among the most commonly damaged products in a household with pets. They’re regularly eaten or scratched by dogs or cats.

Keep your vacation rental as simple as possible around the floor, as this is where most pets spend their time. Examine your property and its decorations with care. Make sure they’re out of reach of even the most powerful dogs. Also, stay away from flimsy, easily broken products.

Sofa defences strategy

Sofa defences strategy

Sofa is a bit tricky when it comes to pet-friendly villas. This is the area where pets are allowed yet it mostly suffered from scratch, stain, and other damaged causes by the pets. The best defence for sofa is by throwing a sofa cover to protect against stains and use heavy and tightly woven cloth that endures pet activities. Patterned or brightly colored fabric also does better at concealing stain marks than plain ones.

Go above and beyond with toys and distractions

Pets on the move are likely to be nervous. Because guests invariably leave pets alone, they get uneasy and more inclined to cause mayhem. Including a variety of diversions is a good idea because it prevents dogs from chewing on your furnishings. Provide scratching posts, bones, and dog and cats toys in your luxury villas to keep them occupied. 

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A luxurious welcoming gifts for the furry friends

You work hard to provide a fantastic experience for your guests at your house and maintain your reputation as one of the best luxury villas in Bali. So why not do the same for their pets? Providing welcome gifts to your guests can result in amazing reviews, and providing a surprise for their pet will almost certainly do the same. Get chew toys, food bowls, tasty treats, and even a canine bed or cat scratching post. You’ll get a lot of happy wagging tails, as well as some great reviews that would attract more visitors in the future!

Finding Your Target Audience’s Paint Points

In business, discovering your target audience’s pain points is crucial. The meaning of pain point here is the specific problems that your business prospects have on their daily basis. It can also be issues they encounter while using your products or services. Knowing your target audience’s pain points allows you to understand them better. Hence, you know how to position yourself and communicate with them more effectively. Also, you will know what to provide to help them fixing their problems and issues. 

How to find your target audience’s paint points

Finding Your Target Audience’s Paint Points

It is challenging to discover target audience’s paint points more often than not. However, it doesn’t have to be as complicated as you thought it could be. You can accomplish your mission to find your target audience’s pain points using these approaches.

Identify the problems

Ask your target audience about their pain points. You don’t have to go around anywhere else and just focus on your audience. You can simplify things by asking them directly. You can use phone calls, emails, or face to face. Amongst those three, face to face method is considered the most effective to do. This way won’t allow you to guesswork. That can cause misunderstanding. Your audience’s feedback is valuable regardless if they are negative or positive. Collect as many stories as possible from your audience in a comfortable manner without being forceful or intimidating. 

Listen to the audience

Listen to what your audience say attentively. Sometimes, it is more difficult than it should be for many businesses to just listen. Listening to your audience in attentive way is the only way you can understand what their problems are. By listening to them attentively, you have already done half of the job because you show your compassion and authenticity through it. This is how your customers will feel cared for and valued.

Respond to the feedback

Respond to the feedback

Do not ignore feedback you receive from your online platforms. Sometimes, your audiences feel more comfortable speaking out behind their screen. It makes them more honest. Hence, you need also collect the feedback you gain from online platforms and take them seriously. However, you need to know how to differentiate between criticism and haters comments. If the feedback are just haters comments then do not waste your time and focus on feedback that can truly help you understand your audience better. 

Utilise the survey 

Conduct a survey to your current customers to collect feedback efficiently. There are many tools you can use to conduct a survey so you can hand out surveys to large number of people. Also, it is best to ask questions that can make your audience tell stories with more details especially when you ask your audience in person. 

Data analysis

After discovering your target audience’s pain points, you need to use the data you collect to your advantage. Most importantly, you should plan how to provide better for your customers. The information you have collected can be used for your future business decisions. Addressing your customers’ pain points will also make them feel more valued and appreciated, hence, bring more loyalty for your business. 

Liveaboard Trip: Scuba Diving in Bali Indonesia

When you think about Bali, you would think about the white sands beaches, the tropical settings, the mesmerising rice terraces, and the impressive culture. Not many people think about what lies under the sea. Going on scuba diving adventure in Bali Indonesia with a liveaboard boat might not be the most common way to explore this paradise island. 

A True Scuba Diving Adventure in Bali Indonesia

Liveaboard Trip Impression: Scuba Diving in Bali Indonesia

A liveaboard dive trip delivers the truest form of scuba diving adventure in Bali, Indonesia. How could it not? It’s built with every diver’s needs in mind. Diving equipments and diving stations were readily available in the liveaboard. Cabins are comfy and allow divers to get plenty of rests. Foods are arranged with mouthwatering menu everyday. And the best of it is, diving liveaboard allows you to reach many far and remote dive sites just in one trip. It also gets you earlier to the dive sites, so you can dive before other day trips come. 

Visiting Dive Sites from the North to the Nusas 

If you really know what’s in the plate of scuba diving in Bali Indonesia, liveaboard trip is the answer. With one single booking, you can get to dive all around Bali. From Menjangan in the tip of the north of Bali to the Nusa sisters (Nusa Penida, Nusa Lembongan, and Nusa Ceningan) in the southern east. No hassles of moving hotels and re-arranging transportation in the destinations. 

Taste the Scuba Diving Life in Bali Indonesia

Taste the Scuba Diving Life in Bali Indonesia

In the diving liveaboard trip, you gonna have in-depth view of what scuba diving in Bali Indonesia really like. What’s the difference of each dive sites in Bali, where you can find specific animals, what kind of dives you can do in Bali, and so on. The holistic experience of scuba diving in Bali would give you whole lot of experiences and a long-lasting memories to remember!

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A Couple of Days Away from the World

It’s a blessing to be temporarily unplugged from the hustles and bustles of the world for a moment. To just dive the water, meeting the fishes, soaking up the sun rays, and spend the days in leisure. Isn’t that just the best?

Best Time to Go for Liveaboard Diving in Bali 

In paper, anyone could go for a scuba diving trip in Bali Indonesia at practically anytime. Divers usually have preferred time to go on dive trip depend on what they are looking for. Seasons of the fishes and marine mammals take turns throughout the year, so one diver’s definition of best time to dive in Bali might be different from others. However, the universal best time for diving adventures in Bali are between April to November. Most diving liveaboard departures occur from April to August. November to March is the wet season in Bali. The rest of the year is almost guaranteed for hot sunny days, which is perfect for ocean adventures!

Things To Investigate When Facing Problems With The Cash Flow

Handling business even if it is a small one can be overwhelming because the problem that may arise is not one but many. Running a business means you have to control every aspect including the finance. It is a very sensitive and critical aspect in business you always have to be ready to deal with. Business’s cash flow is one of the issues many entrepreneurs face. Finding out the cause or the root of the problem can be beneficial to find the right solution. 

Things To Investigate When Facing Problems With The Cash Flow

Cash flow problem to your business

Your business can be struggling from cash flow problem. Even if you have financial plan laid out from the beginning, the problem may arise sooner or later. The important thing is how you deal with each of them. Pinpointing the real problem of cash flow can be tricky because it passes through different areas in your business. However, some are mostly affected and caused the problems within your business. Thus, you have to find out what areas to investigate.

Calculate your profit margin 

Profit margin is one of the most affected area when cash flow problems arise. Sometimes, a good deal doesn’t earn you any profit and cost you money instead. Thus, reviewing your profit margin can be a start of your investigation during cash flow issues. Your profit margin doesn’t have to always be high. Sometimes, the lower one allows for additional sales in the future. However, make sure that your profit margin is where your business needs to be. 

Think about financial metrix

Things To Investigate When Facing Problems With The Cash Flow

Financial metrics are important for you to review because they can show you the essentials to identify the real problems causing the cash flow issues. They also help to determine the net profit margin. The ration shown in the financial metric gives you insight whether or not the profit generated from sales. Also, the ration can help you measure if there is any overhead costs happening. 

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Web conversion rates

The root of the problem can also come from your website conversion rates. Having a website for your business is not enough to keep it grow progressively. You need to optimize it with the proper funnel. If it is not optimized properly, you may end up wasting money on ads and your website has high bounce rate instead.

They physical space cost

Next area you can investigate to fix cash flow issue is physical space cost. Remember that having a physical space is not a must. It is not always necessary to have. Just look at how many business running fine during the pandemic with the policy of working from home. Investing in virtual service instead of physical ones might serves you good opportunity to cut some cost. 

Large purchases 

Large purchases are often the cause of major cash flow issues. It is important to pay attention to when the large expenses will be deducted because the revenue brought due to the cost of supplement or inventory comes in few weeks after. Taking notes of the period of this cost can make it easier for you to control your cash flow.