Best Business Investment For 2020 In Indonesia

Nowadays, getting income from only work is not enough. Moreover, for the fund for the future. That is why a lot of people are seeking for platforms to invest their money. However, lately these days, there are a lot of people that are cheated with some false investment companies. It is important for people not only to choose the right one but also a trusted one. But do not worry, there are some best business investments for 2020 that people could choose, especially in Indonesia.

best business investments for 2020

People would usually invest their money to then gain more value of money in the future. And it is different from just saving money in the bank. The more people spend on investing, the more value they would get in the future. However, to get more value, people would need time. For example, the minimum people would need about 25 years. To know more here are the best business investments for 2020 in Indonesia.

1. Time Deposit

The first investing that people could do is with a time deposit. Usually, banks would offer this program to their customer. It is different from the usual system of saving money in the bank. With time deposit, people would save money each money with the same amount. And then people are not able to take or use the money for a specific time. Moreover, the value of the money would increase with the following year.

2. Gold Stems

The next from the list of best business investments for 2020 is gold stems. Not only it is popular for this year, but people have been using it since the past. As the years come by, the price of gold stems is keeping increasing. The bigger the gold is, the bigger the value than gold is. Moreover, nowadays there are companies and banks that help people keeping save gold. However, there might be some fees.

3. Property

Besides gold, the value of the property would also keep increasing as the years go by. That is why the property has become more popular these days. Starting from house property, landing, even to apartment rooms. However, people would need a lot of money to buy the property first.

4. Stocking Investment

Stocking investment is also one of the best business investments for 2020 in Indonesia. However, make sure to choose the right and trusted company of stock. It is because nowadays there are a lot of people who cheat and lie about stocks. With this option, people would get the result faster and easier. However, with stocks as well, there are high risks of not getting value too.

5. Peer to Peer Lending

Peer to peer lending is a new kind of investment that has also become popular. This is a method where people would lend money to the platform. The money would then be lending to small business owners. Moreover, with this option, people would also be able to choose the risk of the result.

As a conclusion, the best business investments for 2020 is to choose a trusted company. Make sure not to choose a fake company. Choose a company that people have success in investing in for whether long or short term.

How To Evaluate Business Performance to Make Your Business Greater

How to evaluate business performance of a company is not an easy job. However, you need to do it to find out the weaknesses and strengths in executing a business. You also need to know business performance to find out whether indicators of success have been achieved or not.

Therefore, you need to do a good evaluation. You need to do this to get valid data related to your business performance. Here are how to evaluate business performance that you can do easily:

1.     Look at The Business’s Financial Statements

The first way you can do is calculate how much money your business has made. That is because money is very important in running a business. Then, you can see the cash flow statement, income statement, and also the balance sheet.

The income statement will help you see the advantages and disadvantages of your business. While the balance sheet will show the financial health of your business. The last is the cash flow statement that makes it easy for you to see how much liquid cash is in your business.

2.     Check How Many Customers You Get

This you need to do to predict the growth of your business. Therefore, your business must have an increasing number of customers each time. If your number of customers stagnates or even decreases, you need to change your marketing strategy.

You also need to calculate the average number of customers you get from each business strategy that you do. If you have a lot of new customers, then your business is doing well. Also, this indicates that you have succeeded in executing a marketing strategy.

3.     Check Customer Satisfaction

How to evaluate business performance is to find out customer satisfaction. In running a business, business satisfaction is the main thing. You can do several ways to find out customer satisfaction. For example, you can use the survey method through a questionnaire and check customer reviews on the internet.

Moreover, you can also ask directly to customers who come. You must be able to ensure that all customers are satisfied with your business services. If you find good reviews, you can post them on your social media as a promotional tool for your business to customers.

4.     Do a Performance Review

You also need to evaluate the performance of your employees. This is because employees are very important in a business and can determine how big an opportunity a business can develop. It will give you a new perspective on what you need to do to improve the performance of your employees.

You can review employee performance for several periods in one year. Look at the level of happiness of your employees in doing their jobs. Also, look at how effectively they complete the task.

5.     Assess Your Expectations

You need to assess your expectations for your business. This you need to do to assess how satisfied and how happy you are with your business performance so far. Try to use your perception in evaluating your business performance.

For example, how do you feel about the performance of this business? Is everything going according to your expectations? Make sure you are happy with what your business has achieved up to now.

Business evaluation is very important for the progress of your business. You can implement how to evaluate business performance according to the point above. Now, you can immediately evaluate your business performance, right?

How To Write A Business Plan Step By Step Effectively

One important thing you shouldn’t forget when preparing to open a business is making the business plan. So, how to create an effective business plan – or the more exact question should be, how to write a business plan step by step?

For comparison, a business plan is like the backbone that you need when building a new business. Because there, you should put the reason why your business is important and why you have you to do it. For that reason, here we’re going to give you the secret on how to write a business plan step by step effectively:

1. Know Yourself and Your Business

Before anything, you should know who you are and what business you’re creating. By knowing yourself, then you can know about your limits and boundaries. Because having limits and boundaries is important if you’re going to make a business. Since it can create your character – and your business. Also, you should know what kind of business you’re going to make.

2. Mark Your Target Market

Business is about selling something to the crowd – either products or services. Thus, you have to give an exact target on who you want to be as your consumers. This could be age groups, occupations, demographics, or any others. By marking your target market, it will be easier in creating the product you’re going to provide for them.

3. Know Your Audience

Once you understand yourself, your business, and your target market; the next step is knowing your audience. The audience here is the people that you’re going to give the business plan – prospected partner or investor. With knowing your audience, you can tailor custom the tone of your business plan within their radar. Thus, they can easily understand and accept the purpose of your planned business.

4. Keep Your Plan Short

Above anything, don’t be overwhelmed and pour everything into the document plan. Instead, you have to make it short. That way the directed people you’re going to charm as investor or partner will get to your point without beating around the bush. Although you should to the point, make sure to include every single of important details people should know about your business.

5. Explain the Prospect

The most important thing about a business plan is the prospect of the business. People will not interest in the non-prospect business. So, explain in detail the prospect of your business. By prospect here is not only about the monetary gain, but also the reason why your business is important for the community. That way, people will get a sense of belonging and feel like they should be your partner or investor.

6. Be Throughout

The last step you should always remember when making a business plan is to be throughout with the document you’re making. Remember, the bundle of papers is your chance to voice out why your business is important and matter. Also, it should give the ones with the power to join or fund your business. Thus, check again and again to make sure that you include every important detail you want them to know.

Those are six ways on how to write a business plan step by step effectively. Among all of the explained steps, make sure you know what you’re doing. Also, before everything else, ask yourself first, do you have to the business and why?