Business & Property

Sea Attractions; Common Business Ideas at the Beach

Heading to the beach is one of the popular thing we are doing at the weekend or when we are traveling. And mostly, the popular the beach is, the good for business. If you are thinking about running a business at the beach, see the below common business inspirations that are interesting for the travellers who need to experience the sea attractions.

Common beach ideas at the beach as part of the sea attractions

1. Canoe rental

There are so many things the travellers can do at the beach. If swimming is starting to get bored for them, you can catch a chance for offering the canoe rental in case there may many of travellers are interesting to paddling around the beach with their friends.

2. Renting the snorkel equipment

Some beaches are just perfect for snorkeling because of their beautiful coral reefs and fishes. And, there may many of the travellers that have not got their own snorkel equipment before such as the snorkel mask, the fins, and the life jacket as well. The good thing about this business is that the equipment are durable, so you are possible to keep on getting money by renting them.

3. Banana Boat

If you think that banana boat is not really a good business, let me tell you that the long banana can be used for up to 5 people or even more. It seems that the business is targeting those who are traveling in a group.

4. Scuba diving service

There are more freelance scuba diving instructors as well as the scuba diving master today. It is better to run this business as a company ever since the business is risky for the travellers and for the dive master too.

But, this kind of business is truly worth it ever since the hourly rate is pretty much high.

If you are not interesting in offering your scuba diving service as the dive master, you can at least think about to run the scuba dive equipment rental as well.

5. Cruising with a water slide in the middle of the sea

I have seen a cruise travel package in Bali that is interesting. The cruise itself has the slide and we can slide down and jump out to the sea. It was not a big and long curved slide, but when it is placed at the sea, things are getting more interesting. You can also run the same business if you think that you are affordable enough for you.

6. Surfboard rental and the surf boat charter

I have just posted about how to get the affordable surf boat charters, you may need to read it out. Surfing business is perfect when the waves at the beach are supporting the surf activities. At least, there are wavs no matter how small are they.

I have also been seeing that surfboard rental is one of the business that is worth to try since it will really encourages the travellers to experience more of the destination.

But if a surfboard rental is not really what you need to run, you can gives a surf boat charter a chance where you can even create the travel packages such as liveaboard package or simply just to accompany the surfers to the other surfing spots.

7. Fishing trip

Beach is always a good place for fishing. But if there will be more people around, you can always go out the sea with the boat and find the perfect fishing spots. If there will be such trip package, I think that the local people living around the beach area won’t wondering what kind of business to run. It is also a good business for the fishermen ever since they are knowing many fishing spots around.

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Money Mistakes Business Owners Should Avoid

Managing your money even your personal one can be a little more difficult than you thought especially when you have a limited amount. It is even more challenging when you have to manage your money for business purpose. It is because business is about calculated numbers. You need to calculate and estimate everything into specific numbers so you won’t make costly mistakes. However, it is also not uncommon for business owners to make money mistakes while running their business. Even seasoned business owners can’t help it sometimes.

Understand more about money mistakes in business

There are various mistakes that can be costly for your business. However, there are also particular mistakes involving your money which cause costly mistakes as well. Here are some of them and how you can prevent them:

Not separating business and personal accounts is one of the most common money mistakes made by business owners especially the beginners. It may sound mundane thing to do. However, it is crucial for your business because your business involve legal things which have consequences as well. If your business account is mixed up with your personal one, it will be harder to solve if there is problem arise in your business. Thus, you need to separate business and personal accounts from the beginning of your business so you can avoid unnecessary costly mistakes in the future.

Making major purchase since the beginning of your business is considered money mistake. It is essential for your business to spend money to purchase necessary things so it can run and function properly. However, making big purchases needs consideration. You don’t want to run out of the cash from the beginning of your business because it will only serve another major problem. It is important to make priorities over your expenses. You also don’t have to purchase expensive things to support your business if you can still get the one with the same quality with lower price. Be smart in spending your money especially in the beginning when everything is still unsure.

Using your business account to pay for personal expense is big mistake when running your business. It is highly advised not to make large purchase for personal needs using your back account because you need to be prepared for the unexpected. Even when your business has had stable finance, you need to save up for the buffer for unexpected costs. To avoid this mistakes, you can transfer a monthly salary from your business account to your personal one. Thus, you don’t have to bother your business account when you need to purchase personal stuffs.

Not believe in financial plan is a mistake for business owners. Plan is very crucial in starting and running business because it is like a map to your success. It contains all your strategies and calculated steps you can take to run your business properly and successfully. It is also applied to your financial matters in running business. If you don’t set clear plan and budget, you don’t have clear way to operate your business especially regarding to its expenses.

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Common Marketing Challenges for Small Business

Marketing is one of the most important aspects when it comes to business whether it is big or small. Through strategic marketing, your business will be able to reach the goals you set from the beginning. Every small business owner faces challenges from the beginning of starting the business and marketing can be one of the biggest of all but it is also very rewarding once you can find the right solution. Marketing is such a challenging matter for small business because you have many things to face such as operational issues. Thus, finding the right time to find the right marketing strategies becomes the next challenge.

Marketing struggle for small business

Starting a business is easier than managing it. There are many factors contributing to your success and failure in running business. One of them could be your marketing strategy. Therefore, make sure to pay more attention to this aspect. Here are common struggles in marketing for small business owners:

  • Lack of resources is one of the most common yet biggest struggles in marketing for small business. It include the lack of budget, people, and time. Even if it is small business you start and manage, budget will always be one of the biggest challenge. When your business is lack of budget, it is hard to run operational matters. It goes the same when your business is lack of people. You won’t be able to implement the strategies you have made. Then, the lack of time will make the process even harder because it is something you cannot create or return to once it is gone.
  • Next struggles in marketing is visibility and quality leads. To increase visibility of your business, you need strategic marketing tools. To be able to identify the right one for your business, you can ask for advice from the experts. By finding the right tools and strategies, you will be able to generate quality leads that can increase the sales.
  • Next is finding the right social media platforms to promote your products and services. You see, this is the era of digital marketing. It means that your business should be technology-friendly. Using social media platforms is already common for business to increase sales today. It can help building your brand awareness. However, it is important to choose the right platforms because not all of them are as effective as the others.
  • Another challenge in marketing is to produce and deliver high quality content. It doesn’t matter if you have the best marketing strategy or tools if you don’t have high quality content to deliver. Your potential customers won’t be able to notice the quality of your products or services. Thus, you need to produce high quality content that will highlight your products and services and make them stand out from the rest. It is also challenging to be consistent in executing marketing activities. Thus, make sure to be consistent once you figure out the most effective marketing strategies for your business so it can reach success at the end.  
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Ubud Villas, A Perfect Place For Coworking Space

Bali always gets the attention of tourists and investors. Every year millions of people visit and even decide Bali as their second home. The ideal accommodation that is in demand by tourists and expats is the villa. Ubud is one area for those who want to enjoy a quiet vacation and away from the crowds. One of the quiet villages, cool air and very thick with Balinese atmosphere is a favorite place to visit. Villa Ubud Bali is increasingly developing with diverse facilities and prices. In fact, Ubud is a favorite place for yoga, meditation and even as a coworking space.

Ubud Villas

Ubud Villas Orientation As Coworking Space

Coworking space is a new business that is currently developing. In Bali, there are many standing coworking spaces with a cool environment. In Ubud itself, coworking space is for everyone who wants to find a comfortable and good place to work, collaborate and get to know Balinese culture. Lots of freelancers in Bali, both local and foreign, want to find a new atmosphere when working. In fact, the calm, comfortable atmosphere and cool air in Bali bring good changes to the working environment.

Ubud villas are increasingly being used as coworking space by several people and the results are very surprising. The interest of freelance workers looking for a new atmosphere to work was very enthusiastic and resulted in an increase in the number of coworking spaces in Ubud. What are the benefits of working on coworking space?

Coworking space For A Starter Founder

Coworking space was also used by starters compared to renting buildings in general. Coworking can be said by the workplace with the principle of economic sharing. Automatic expenditure of the starter founders will be very economical. Coworking space is the right step to save money.

Networking

Another benefit that can be obtained at an affordable price through coworking space is networking. Being a successful startup founder is to have as much networking as possible. Not only can it solve many problems but also create new collaborations.

A pleasant working atmosphere

Working solely in front of the laptop is very tiring. This is another benefit of coworking space. Facilities at Ubud villas are usually equipped with swimming pools and can be used to relax after completing work. It will be very possible when Ubud villas do a little renovation and provide more facilities for coworking space such as billiard tables or other services.

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Tips to Operate Small Business Efficiently

Starting business doesn’t have to be all ‘big money’ and huge investment. You can start with small business because it is also challenging in so many ways. Starting small business is not as simple as it looks. The beginning is important stage of your career in running your own business. The way you begin your business can determine what path you likely to go through for the next steps. Operating small business needs to be done seriously with the right plan and time management. The business plan and time management relates to each other. The challenge is, time seems to be irrelevant for small business owners. It is challenging to do what you need to do and when you need to because there are needs to meet.

Efficient small business operation

Keep in mind that operating business means you need to meet the needs not only of yourself but also of your customers, clients, products, etc. It means, you have expectation and it is strongly influenced by how you operate your business. You need to plan the time to run things efficiently and here are the tips:

Time management is one of the most important factors when it comes to operating business, big or small. In managing time, you need to sort out things that need to be done immediately and others that can be done later outside the peak hours. It means you need to know how to prioritize the work properly. You need to optimize the limited time you have to achieve your goals efficiently. Thus, no time to waste because every second comes to fruition. Of course it is not easy to do but once you can manage the time, you can operate your small business without so much hassle.

Keep in mind that you have resources to use for the benefits of your business. Running business won’t do without the right resources. Thus, you need to invest in the right equipment to optimize how your business operated. It is also important to make the most of the available resources. The right resources are important but knowing how to use them and manage the time can give you more positive result of the efficiency of your small business operation.

Running your own business means you work in team. It means you need to trust the others with responsibilities. In fact, you need to delegate task to your employees. Thus, they know what to do and you can focus on other important things. Working in team is more efficient so you can start by delegating small task to your employees and increase them gradually.

Learn how to build effective communication within your work environment. Good communication can lead to good efficiency of how you operate your business. You and your employees should share the same goals and objective so you have better understanding of each other. It can create positive environment within the workplace which can result in more productive goals. This also creates comfort for every individual in the workplace so the spirit and motivation will stay high.

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Having Deep Understanding about Property Investment Risk

Running business means you are ready to take the risk. It is also applied to property investment business which has its own risk. In fact, every type of business has its risk that needs to be faced. A lot of people saying that property investment business is simple but if you say it is easy then you are wrong.

There is nothing easy about property investment business especially if you aim for long-term business. Lots of investors didn’t even survive their first property investment to keep going in their first five years.

This shows that this business is not something to take lightly. It is promising to the point where you can grow your wealth through it. However, you need the right keys to unlock it and of course, getting the key means you need to face the risk and challenge too.

About the risks in property investment business

Getting to know the risks in property investment business

Dealing with the risk in property investment business can be varied in method. However, the investor plays the most important thing because they are the navigator. They can avoid or take the risk depending on what situation that benefits them the most.

A lots of investors believe that residential property is safer than commercial properties when I comes to investing. Commercial property is considered as riskier because the values tend to fluctuate more than residential property.

However, it is back up to you as an investor to treat the risk.

It is because every individual has different aim and goal to achieve which leads to different strategy to use. That’s why, there is no absolute way of what kind of risk an investor should take or avoid. It really depends on their goal and situation.

The most important thing you should do about the risk is to evaluate them thoroughly. Assessing every risk is crucial part in your investing journey. Making mistakes is common but if you can prevent it then why not? The risk you take or avoid can determine your next step in property investment.

You need to keep in mind that being risk taking enthusiast is not always good, so is being too coward to take the risk. Evaluate every risk ahead and see the potential downturn or rewards you may encounter. Only then you can decide what to do with the risk.

You also need to remember that you are the investor means you are also the risk itself. The way you take every decision can cause some risk to arise. Thus, you need to have the quality that not all investor has such as individual skills, contacts, as well as expertise. By having those as your backup, you will be able to identify the risk properly and thoroughly.

Therefore, you will also be able to make decision whether or not to take the risk. Residential property might be less risky than commercial property investment. However, you can gain higher return without taking higher degree of risk even when you decide on commercial property investing as long as you play the right cards.

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Growing Your Net Worth through Successful Property Investment

Property investment is one of the most promising strategies you can use to build wealth. It is not a shortcut to reach financial freedom, yes. It may take years before you reach stability of your investment before you start building your wealth. However, it is totally worth it if you do it right. Property investment not only involve money or capital but also the right traits you should possess so you can manage your investment well. In the beginning of your investing, your focus must be on how to maintain your capital growth until you are able to live off your property portfolio. Then, you will need to grow your net worth to star building wealth.

How to grow your net worth by investing properly

How to grow net worth by investing properly in property

Investing sounds easy and simple. However, it requires dedication and commitment so you can do better and better in every stage. Investing in property means no emotional attachment needed. The more important thing in investing is to purchase investment grade property so that it can always outperform the averages regardless the circumstances in the market. After finding and buying the right property, you can start your plan with building wealth by increasing your net worth.

Secret vs strategy

Every investor may claim they have their own secret of their successful investment. Well, it may or may not true in some sense. Or maybe, it is more like every successful has their own strategy. One of the best strategies in order to build wealth is to build your asset base first through capital growth. When your asset has been built, move to the next stage, managing cash flow.

From this strategy, it shows clearly that it is more recommended to build the capital growth is to be prioritized in the first stage. Only then you can move to the cash flow. If you chase cash flow from the beginning without establishing the capital growth, your investment will be unlikely stable enough to remain strong in the long run. You may say that this is not what every successful investor use to reach their goal to become wealthy. However, this is at least one of effective options you can choose.

There will be some moments when you need to increase the value of your property. This is important strategy because increasing value will help paying off your mortgage faster. When you are able to lessen or fully pay off the mortgage, you can move to the next stage, which is to grow your net worth properly by living off your portfolio.

With substantial asset base and paid off mortgage, you will have wider range of options to build net worth because you are not limited to the loan or cash flow issues. You can expand your investment to another level to increase your net worth and gradually build your wealth. Of course, this is only the scenario of strategy. There must be some obstacles and hassles along the way. However, that’s what business like. You just need to do your best to achieve what you want.

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Things to Think Before Considering Off-The-Plan Property

Lots of investors are interested in investing in off-the-plan property. There must be some reasons why they seem to like the idea. It can’t be denied that off-the-plan sometimes is too tempting to resist. That’s why lots of investors decide to invest in. however, it is also important to know that the risk of buying off-the-plan property is higher. Investing in this kind of property means you need to really consider the risk and weigh. Of course, you can always invest in off-the-plan but doing it hurriedly is not a wise decision.

Why off-the-plan needs thorough consideration

Things to consider before off-the-plan property

Buying off-the-plan is interesting in the beginning because everything seems to be planned thoroughly into details. However, there is always potential risk looming around the plan no matter how neat it is made. There’s a lot things to worry about when it comes to investing in off-the-plan. It includes oversupply, lending criteria, property values, and many more. Many experienced investor call off-the-plan as ticking bomb. Here are things you may need to consider before deciding to buy off-the-plan:

  1. Time changes and it is inevitable. Along with the changes, comes other things that can influence your off-the-plan investment. For example falling property values. You may buy off-the-plan apartment today because the market seems stable. However, there is always a risk that the value of property in the market would fall two years later. What if it happens before the plan is completed? It will only ruin your investment plan. Other things that potentially change along the time include lending standards, vacancy rates, as well as oversupply. Those are important things to consider before buying off-the-plan property.
  2. Financial hassle is also included into things that will make your investment in off-the-plan got ruined if you didn’t think of it carefully. You see, when you buy off-the-plan, you can’t obtain pre-approval to finance your purchase. In this case, things such as lower valuations, value ratios, and deposit will be important factors you should consider if you want a successful investment. If you couldn’t handle this problem well, you might experience finance shock instead.
  3. The experts say that buying off-the-plan is like gambling. It is a gamble on how the market will perform. It is not a secret that lots of investor buy off-the-plan even before construction has commenced. However, things can go wrong during the period. Even if you expect that it the value of property will rise over two years or so, things may not go as you expected.
  4. There is also risk of negative equity. If you don’t have financial discipline to settle, you will face bigger problems. There are other risks of investing in off-the-plan. However, you can try to avoid the problems by asking some advice from the professional and experts. Consulting property investment strategist is not a bad idea to begin with if you are now considering off-the-plan property to invest in. This way, you know what you are getting into and what to do in your plan to make your investment successful.
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Exclusive Holiday with Exclusive Bali Villas

Bali is a more than a nice place for holiday. It is where you can get meaningful travel either alone or with a group of friends and families. To manage your accommodation, you can rely on exclusive Bali villas, a villa management company that can help you finding the right villa for your stay in Bali. It is not that you can’t find it yourself. Trusting rental management means less hassle on your plate especially if you are planning on having exclusive holiday in Bali. By relying more on a rental management, you don’t have to worry about accommodation or stuffs and just enjoy the ride.

Exclusive Balii Villas

What exclusive Bali villas specializes at

There are various villa rental management or agencies in Bali since it is one of the most desired travel destinations for tourists around the world. However, you need to choose the best one if you want to have exclusive holiday along with exclusive service from where you are going to stay. Choosing villas is the right thing to do because then you can really feel the vibe of Bali at its finest. Exclusive Bali villas are specialized at many important things related to accommodation for your holiday such as:

Finding the right villa

It can be challenging to find the right villa in Bali because there are so many of them. It may be easy to find villas with high-end service and grand facilities. However, not all of them fits your preference. Besides, every individual has their own preferences as to what kind of villa they really want to stay at during their time in Bali. Some people look for humble and simple villa and others seek for more luxurious villas. Thus, exclusive Bali villas will help you finding the right one that really suits your personal interest started from the style of villa, the location, the price, and many more important things that need to be taken into consideration.

Villa with supervisor

Every villa featured in exclusive Bali villas include a supervisor to attend to your wish. You might have some requirements either before or during your stay at the villa. Thus, the supervisor stationed at the villa you book is the person you can rely on for any sort of requirements such as asking advice for restaurants, additional service, etc. You can always ask any question to the supervisor regarding to your holiday in Bali and you must have many if it is your first time visiting Bali.

Hospitality from friendly staffs

Everything you need will be managed and organized by in-house staffs ready at your service if needed including babysitter, massage therapist, cook, or tour driver. However, it is important for you to send require for additional services at least four hours prior notice. This will give time for the staff of exclusive Bali villas to prepare. If you cancel your request, you will be charged accordingly. Holiday in Bali is not a bad idea because it provides everything you need started from amazing nature, friendly locals, to exclusive accommodation.

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Selecting Property Manager the Right Ways

If you are involved in property investing especially rental property, you must have known the importance of hiring property manager for the future of your business and portfolio. Even though you have already bought one of the most promising house or apartment, they are not going to make money by themselves. Thus, you need to be a smart investor and choose the right strategies to get profitable rental returns. And one of the best strategies is to hire the right property manager that cannot only manage simple property management but also your cash flow and financial goals.

Choosing property manager properly

You see, not all landlords or investors are keen to hire property manager because they think they can handle their investment property on their own. They think managing property is simple that they don’t need professional to assist them. However, you will see how beneficial it is to hire the right property manager for your portfolio that you need to manage and grow. Therefore, the key is not to hire a property manager but select the right one. Here are some tips:

  • So many responsibilities you have to manage your rental property. However, professional property manager will assist you to do the right things and cut down some weighs off your shoulders. If you are planning to hire property manager, make sure to choose quality over affordability. Of course you have budget you should keep tabs on. However, the service you will receive if you choose cheap rate is lower than standard as well. For example, if you select property manager because they offer lower rate, what you get may be inexperienced manager.
  • If property manager offering you speed process in managing some issues then skip them. Speeding up everything is not always the best way to solve some issues. Sometimes, thoroughness is more important than speed. What if they offer you speed along with carelessness? It can lead to more serious issues you need to handle in the future. Remember that efficiency is not always about speed. It should be applied to the way you select the right property manager. Don’t choose in a hurried manner. Select thoroughly by checking their background and all before signing contract,
  • Select property manager that is available to update information you need regarding to our property. If they are hard to reach, you cannot build healthy communication. It can lead to disaster because there could be something bad happen while bad communication isn’t solved. Thus, make sure to select property manager based on their quality in communication as well.
  • Do not select property manager out of personal relationship. Everything should be professional if you want a long-term business relationship. Do not just hire property manager because they are someone you already knew in the business or because they are your friends. If you include personal matter in selecting property manager, it is highly possible that you won’t get objective evaluation when you need it. When something bad happens, it is not only the business you are going to ruin but also the friendship itself.
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