Before You Start Your Small Business: 6 Tips from Professionals!

Before You Start Your Small Business- 6 Tips from Professionals!

Running a home-based business has a certain allure. You’re in charge of your own destiny. You have a lot of flexibility with your working hours. Because you don’t have to pay rent for a physical office, your costs are low. And you don’t have to ask anyone’s permission to do things like walk your dog when the spirit moves you.

However, not everyone is born with the ability to run a successful home-based business. Making a serious go of it necessitates meticulous planning and dedication. 

Are you getting ready to take the leap? Here are six suggestions to think before you make your small business a full-time gig. 

Start Out with Simple Business Plan

Make your business plan as simple as possible. A convoluted business plan can be the death knell for a fledgling small corporation. When you’re just starting out, it’s best to stick to a straightforward concept and method. If you can’t explain your product or service in a single sentence, it’s a hint that you need to simplify it.

Stay in Your Current Job

Maintain your current position. It’s normal to want to quit your day job right away and devote your full attention to a new business venture. While keeping your job while starting your business is difficult, having a steady income can allow you to save money. If start-up costs are higher than projected, this could be advantageous. Remember that even the most successful small enterprises aren’t always profitable straight immediately.

Take Advantage of the Opportunity

Although the world is full of people with outstanding business ideas, only a small number of them are prepared to take the effort to pursue them. Establish today if you truly want to start a business.

Keep Business and Pleasure Separate

Even if you don’t incorporate or form a separate LLC to preserve your personal assets, you should keep your business finances separate from your personal finances. Create a business-only bank account and a credit card that will only be used for business purposes. As you figure out the best approach to organize receipts and taxes for a small business, this will make your life a lot easier.

Learn from Other People in the Business

Find mentors, join like-minded groups, and learn everything you can about your sector and how to get from where you are to where you want to be. Attend industry-related events. When training opportunities arise, take advantage of them. Purchase expert-led courses. By learning from others who have gone before you, you will save a lot of time and money.

Learn Digital Marketing to Thrive in Current Market

Even if you manage a small local business, you need a strong online presence. A professional-looking website, an email list that allows you to contact with customers and prospects on a regular basis, and a presence on the social media sites that your consumers use are all required at the very least. While many of your clients will come to you by word of mouth, recommendations, or networking, you will still need a strong internet presence. The reason for this is that before deciding whether or not to contact you, potential consumers are likely to search you up on the internet. Customers and prospects may be enticed to buy from you or make repeat purchases if you provide coupons, special deals, and useful information to your email list.

6 Important Consideration Before Shopping Bali Real Estate for Sale

6 Important Legal Consideration Before Shopping Real Estate for Sale in Bali

Per 2021, more than 3,000 expats coming from various countries all around the world are settling in Bali. That number is showing no signs of going down and, in fact, expected to keep climbing. As one of the most popular holiday destinations, many are interested in the investment opportunity in this island. Before you jump in for shopping real estate for sale in Bali, here’s eight important things you should always take note. 

Check on Land Use & Zoning Before Purchasing Bali Real Estate for Sale

Check on Land Use & Zoning Before Purchasing Bali Real Estate for Sale

Prior to making a purchase, make sure you can obtain a Building Permit (IMB) and that the land is zoned correctly to ensure there are no restrictions that could jeopardize the construction of your villa. Some people bought Green Belt or agriculturally zoned land but have been unable to build on it.

Licensing and zoning are required for both developed and undeveloped lands. If you buy a Bali villa for sale with the intention of renting it out for profit in the future, make sure it’s legal.

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Learn About Seatbacks

In land use, “setbacks” refers to the distance between a building or other structure and a roadway or road, a river or other stream, a cliff, beach, or floodplain, or any other location regarded to require protection. Other things like fences, landscaping, septic tanks, and various possible hazards or nuisances may be restricted depending on the jurisdiction in the region. Setbacks are usually determined by zoning or a local regulation. Setbacks applies to the sidings’ exteriors as well as the roof edges.

Pay Attention with Nearby Holy Temples

Pay Attention with Nearby Holy Temples

Bali also have unique building rules that no building should be any taller than a nearby temple. This is a rule that doesn’t exist at anywhere else in Indonesia—and you should keep this in mind.

Building near a temple or sacred place also has setback regulations. Before beginning any construction project, consult with the local ‘Banjar’ (council) to obtain authorization from the village chief.

Check the Land Certificate

After you find an interesting real estate and villa for sale in Bali and want to seriously inquire the property, make a detailed check on the land certificate. Examine the documentation of the land certificate to make sure the land matches the certificate.

There are a few other things to look at when it comes to land certificates. A certified Notary or Lawyer can examine the land certificate and related acquisition documentation (who should not be the same one as the seller).

The Special Permit for Renting Your Bali Real Estate as Holiday Villa

You will need a Pondok Wisata license if you plan to rent your Bali property. If you’re buying an existing villa rental, make sure it has a license. Although some persons have managed to “fly under the radar,” tax authorities have become more clever and diligent in their pursuit of illegal properties.

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Do the Construction Taxes Meticulously

Whether you build your own home or purchased an existing one, you must ensure that all applicable construction taxes (PPn) have been paid.

The building contractor or developer will be in charge of this. However, be aware that sometimes they exploit the mechanism. In Bali, bureaucracy moves slowly, and it may be difficult to hunt down the building business by the time an official arrives at your home to inform you that the tax has not been paid. In situations like this, you, as the owner, are legally obligated to pay.

Harnessing Social Media To Work For Your Small Business

In business, there is always constant changes. Everything about business, brands and online presence keep evolving. Hence, you need to make sure that you understand the competition and how to standout. The amount of online consumption through social media is powerful to move a brand. Therefore, the competition is so tight. To keep your small business alive and presence, you need to harness social media. 

How to harness social media when running a small business

Today, the majority of people spend their time on social media. There are always topics to talk about between communities be it politics, economy, gossips, and business. Social media has also become a social marketing tool to draw in customers. With the power of influencers added into the equation, there is high possibility for your business’s social media to thrive. And here are ways you can do to harness your social media to work for your small business:

Consider video content and live streaming

Investing in video content and live streaming capabilities can make differences for your small business’s growth within online community. There are so many apps to make it easier for you to connect with your customers. Video content and live streaming can help create more engagement with your customers. You can make any video content such as a sneak peek to your new product or service,. TikTok and Instagram are the most promising social media platforms to engage with customers through video content and live streaming.

Build positive online reputation

The present of social media makes it easier for brands to reach customers and vice versa. Also, it gives customers opportunity to choose what they want to know be it reviews, products, tips, menu, etc, before interacting with the company directly. Your social media account is like a glimpse of what your company looks like. Through social media, you can build a kind of online reputation you want your customers look you as. Through the right platforms, you can engage with more customers within a positive environment that brings out creativity and positive outcomes. 

Build trust with customers and business partner

You can optimize the role of your social media account to build truest with your customers and business partners. Social media users usually trust more verified account. However, the journey to get the verification for your business’s social media handle is not that easy. You need to be a notable figure to get your account verified. Hence, enjoy the process of pursuing it while stay connected with customers and partners with positive environment. 

Drive your sales through social media

It is possible for you to drive sales using social media. You can use many strategies to do it for example putting links in your account to help navigate customers who want to buy your products. You can also attract more customers through exclusive contents. Use your social media platform to drive your sales using the right strategies to the right audience. Be patient with the process because it may takes time.

Komodo Liveaboard Budget, Is It possible?

The Komodo National Park is a UNESCO World Heritage Site that spans the islands of Komodo, Rinca, and Padar, as well as a slew of smaller islands between Sumbawa and Flores. The peculiar geology of this area, which is the result of volcanic activity, creates breathtaking views both above and below the water. Though there are several liveaboard options in Labuan Bajo, we sometimes desire the best of both worlds. A good liveaboard that will provide you with lifelong experiences while without breaking the bank. The Komodo liveaboard budget remains the best option for the majority of us.

The Park is best renowned for the Varanus komodoensis, but it also has an astonishing diversity of aquatic life, ranging from pelagic species like Manta Rays, Sharks, and even dugongs or whales, to rare and brilliant animals that will feel like heaven to any photographer! 

Is it truly worth the money? How much does a budget liveaboard in Labuan Bajo cost? What are you willing to give up to enter into such a low-cost sailing trip Komodo? This time, we’re going to provide everything we know about Komodo liveaboard budget, including their actual pricing. So let’s get started.

Komodo Liveaboard Budget Price Range

One of the myths about a sailing trip is that it is an extremely expensive vacation that only the wealthy can afford. A sailing excursion in Southeast Asia, particularly in Komodo, demonstrates the contrary. Sailing trips here begin at a very low cost. Most of the boats can accommodate up to 12 persons in six cabins, each of which can accommodate two people. That’s not awful at all! Some low-cost liveaboards may charge less than $100 per person per night, but this may require sleeping on an open deck.

Is it possible to have luxury and comfort on a budget?

You could believe that low prices imply low quality. Wait till you climb aboard one of the ships and get a firsthand look at it. Cheaper prices mean fewer passengers on board and less food and amenities to give on most quality liveaboard budgets. Some inexpensive Komodo liveaboards, such as Wisesa, can only accommodate 6–8 guests per voyage. For us, this means greater privacy and plenty of places to unwind in between diving and exploring the islands. These low-cost liveaboards even have ensuite bathrooms for every cabin. Each cabin is usually air-conditioned, spring beds.

Read Also:
Komodo Snorkeling, Meet The Manta Ray
Diving Komodo: Important Things You Need to Know

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.

More Villa & Business Insights: 

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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.

Finding Your Niche To Be Successful In Personal Branding

You can build the career you want through a little determination, hard work, and a spark of creativity. However, they are not enough to find yourself a true success. You need to do more in order to gain more because the scale is different if you want to be successful with a business you build. Personal branding is one of the essentials to build a successful business in this digital age. And one of the most effective ways to be successful n personal branding is find your niche. 

Why you need to find your niche

If you find your niche, you can do beyond the average. You can move your industry forward and create your own success. More than propelling your career, you have to hone your focus, develop expertise, and settle on a niche to build successful brand. As the result, you will create a brand that can move and transform the industry as a whole by focusing on your area of expertise. 

When you find your niche, it helps you to stay focus on your path. It keeps your attention on his one area of expertise and continue the development of your brand. And here are other important elements you need to develop to find a niche that will help move and transform your industry:

Develop openness toward new technologies

It is important and beneficial for you to strive to be an early adopter. Keeping your finger on the latest technology will help a lot in your goal to transform your industry. However, knowing the latest technologies is not enough, you have to try them out when they take off. Also, you need to stay focus on your niche so you know which technology that is fit with your brand’s value and mission. You can also follow industry leaders within your niche so you can learn more from them. 

Be the solution for your target market’s problem

Find a niche that can act as a solution in a long-standing issues because believe it or not, every industry has its pitfalls. It is possible for you to have difficulty in finding your niche. And if you have not determined your niche yet, look for the problems within your area of interest. After finding the problem, find out the best solution to solve it. Keep in mind that when you consider your work is something to create solution then it will transform your industry. Also, it helps other people around you serve clients, customers, and followers better. 

Build a solid diverse team

Even if you adopt the latest technology early, it won’t make any impact if you don’t have the right people to operate it. Hence, you need a help of a team who can bring their expertise to areas you may not be expert at. So while you become the expert, you need the support of the best team to transform your industry. Choose people who can propel your  ideas, mission, and vision even further.

Komodo Snorkeling, Meet The Manta Ray

Komodo Island has always been associated with enchanting underwater beauty. Komodo National Park has many dive and snorkeling spots that attract local and foreign tourists. Manta Rays are hunted by divers and snorkelers to be able to swim and see them up close. Manta rays measure more than 3 meters with a unique shape. Komodo liveaboard snorkeling is the only way to be able to swim and see manta rays up close. Check your diving license because the waters of Komodo National Park have strong currents. Komodo snorkeling can be another alternative for tourists who do not have diving experience and licenses.

manta ray komodo snorkeling

Komodo snorkeling tips to meet the manta ray

Snorkeling is not as dangerous as diving, but snorkeling lovers still have to be careful. Some tips for snorkeling lovers:

Checking snorkeling equipment

As with diving activities, tourists must check snorkeling equipment such as masks and fins. If needed, you can use a life jacket to keep it floating on the water. Try to use a life jacket, mask, and fins that are suitable for body size so as not to interfere with movement on the water.

The direction of the water flow

Sometimes, tourists do not realize they are carried away because of the fun interacting with manta rays. Strong currents in the water should make you extra careful. Not paying attention to the direction of the current can make you tired. Make sure you swim with the current and don’t fight. You will save energy and play with manta rays.

Swim slowly and calmly

Getting close to manta rays can be very difficult. Why? Because the movement we cause will make them move away. The tip is to swim slowly towards the manta rays. Don’t make any sudden movements that could push them away.

Exploring Manta Point

As the name suggests, Manta point is a gathering place for manta rays. There are many manta rays that you can find here. The underwater beauty of Manta Point is still preserved and becomes a uniquely memorable experience. In addition to manta rays, tourists can see jellyfish that colonize which is the food of manta rays. Hunting for food is the time that tourists look forward to when doing Komodo snorkeling because manta rays will gather in large numbers. Don’t forget to prepare the best camera to take the moment when you meet manta ray. Komodo snorkel tours take you to see the spectacular underwater beauty of the Komodo National Park and discover amazing manta rays.

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. 

The Cost of Running Bali Holiday Villas You Need to Learn

The Cost of Running Bali Holiday Villas You Need to Learn

Owning some holiday villas and properties in Bali could indeed results in a very profitable business venture. Renting out your property in Bali might be a convenient method to supplement your income. However, owning a holiday villas in this island and renting it out is not as simple as it seems. Behind that lies the tax, running costs, and other crucial things a villa owner needs to know.

Purchasing Your Bali Holiday Villas and Dealing with Purchasing Tax

Once you purchase your Bali holiday villas in local property site like Kibarer, it would be simple to list your house for rent on sites like Airbnb, HomeAway, VRBO, or Indonesian local unicorns Traveloka and Tiket.com. However, if you do not prepare, you may discover that becoming a host is difficult and even costly. And that’s not only the cost of purchasing your villa—but also purchasing tax, income tax, maintenance costs, and other hidden fees you might not know before.

First, you have the purchasing tax to deal with when you buy the villa. A ten percent tax must be paid to the government when purchasing or selling property in Bali. Typically, this tax is split 50/50, leaving each buyer and seller with a 5% tax to pay. You must pay annual taxes if you own a property, whether it is leased or freehold. Taxes are due at the government office, and it is your obligation to ensure that they are paid. This tax is typically quite modest, and it is determined by the size and location of your land, as well as the size of any structures on it.

Income Tax for Villa Owners in Bali

Income Tax for Villa Owners in Bali

You must pay income tax on all bookings/transactions while renting out your home, regardless of whether you are an Indonesian citizen or do not have an Indonesian tax identification. Villas with a maximum of five bedrooms in approved tourism zones can apply for a Pondok Wisata license, which permits them to conduct a daily rental company based on tourism. Those who live in residential areas can apply for a Rumah Kos (Guest House) license, which permits them to rent out a maximum of 10 rooms. If the property is owned by a real business entity, licenses must be in the name of the legal landlord or a company director in both circumstances, and a local tax ID must be provided.

Also Read:

Converting Your Private Bali Villas for Long-Term Rental

Service Fees for Listing Your Villa in Travel Sites

While Indonesian local unicorns travel startup Traveloka and Tiket.com doesn’t charges fees for host, Airbnb charges hosts a 3% fee to cover the cost of payment processing. This is similar with VRBO by HomeAway that also charges hosts to list their properties on the site. People who want to use the site frequently can promote their home for $349 per year and avoid paying a fee on each booking. Those who rent their houses out on a less frequent basis can avoid the yearly charge by paying a 10% commission on each booking booked through the site.

Managing Villa Supplies

Managing Villa Supplies

As a villa owner, you are responsible to provide guests with fresh bedding, towels, and other amenities. Purchasing a second set of linens may be necessary depending on how frequently you will be entertaining guests. If you want to keep specific rooms and closets off limits while guests are staying in the house, you may need to invest in locks.

Also Read:

What Guests Really Wants in A Seminyak Private Villa Bali

Regular Cleaning Cost

Before and after you rent out your Bali holiday villas, you’ll undoubtedly need to spend some time cleaning it. You can clean it by yourself, which will be more cost-effective but require a lot of your time and energy. Alternatively, you can hire a cleaning service, but this will add up to the overall cost of running the villa.

Insuring Your Bali Holiday Villas

Short-term rentals are covered by certain house insurance plans. However, having numerous short-term visits by different guests in your villa, the insurance provider may require you to purchase a commercial coverage that covers a hotel or a bed and breakfast. The average insurance companies in Bali have villa package especially formulated for Bali holiday villas owners. This packages usually have comprehensive protection against all hazards, including structures, swimming pools, furnishings, electronics, machinery, and office supplies. To find out what is covered, contact your insurance carrier.