Tips on Managing Accounting for Small Businesses

His business name, whether big or small is not easy. You have to put a lot of concentration on your business, from taking care of the product, the sales flow, income and expenses and certainly managing the overall finance.

Since the business is run to be profitable then you should be able to turn the capital and sell the product or business results so it becomes profitable.

Tips on Managing Accounting for Small Businesses
Tips on Managing Accounting for Small Businesses

This is not easy, because many entrepreneurs who went bankrupt and not because of failure in doing business but failed in managing their finances or accounting. Here are 5 main tips you can look at, to manage accounting for businesses that are still basic or small.

The Clear System
Even if you have an undeveloped or undeveloped business too big, you should be able to assess which is most needed in managing your business. The first tip is a regular and correct system.

With the right system in management or small business, it will be easy to manage your accounting. The system can be various, for example job desk, employee, workflow, management system, payroll employees, and management of venture capital.

If the system alone is wrong, then this business is guaranteed to continue to lose or even just running temporarily. Often small businesses are not concerned with the system because they feel small, or employees are just friends or neighbors and relatives. Though the correct system will help you.

Clear Payout
Age is modern now, when doing business first may make payments and cooperation is required to use money orders, cash, and others. But now this money can be transferred easily and safer.

Unfortunately, bank payments do not have physical proof of payment. Though it is very necessary for bookkeeping and financial statements in your small business.

Perhaps you can simplify it with payment and include proof of invoice or the like that both parties signed as either a businessperson, or a partner or a consumer. So that all financial statements proved by physical and of course safe.

Bookkeeping
Although small business, does not cover the possibility of things that are not desirable, such as unexpected losses, lost items, irresponsible people, or employees who cheat in your small business.

Try to keep a record-keeping routine that records all expenses and revenue clearly.

That way you can also control how much expenditure and income every time such as monthly.

How much profit is gained or how much the loss is covered. Separate also between the bookkeeping of personal finances and your small business so as not to mix.

Do not be tempted by Profit
When getting a sizable profit from your small business then do not be tempted by it. Set aside your profits to manage your business finances and switch into capital again.

Make your business grow and bigger. So that your business is not always small and stay silent place, dare to develop business.

Although not easy but diverting profits into additional capital also includes tips on managing business accounting so as not to run out, but added to raise the business for profit to rise next.

Think Employee Recruitment
Next is the recruitment of employees to think about. Where you do not recklessly recruited, in addition to still small business, you also have the benefits and income is still limited.

Hire employees in accordance with the required course, do not exceed the capacity and also the lack of employees so you hassles or bother yourself.

However they have the right to be fulfilled including the salary, then think about it too because it is included in the financial management. Managing accounting is important even if you are a small business. However, the flow or the financial flows of the business must be visible.

To be financially organized properly, let alone the issue of money is the most sensitive and cause great effects if there is a problem and one of them is bankruptcy. Many small businesses are finally out of business because of mismanagement or financial management.

Tips Facing Enterprises That Are Lonely

Running a business is like running a life. The condition is not always as smooth as expected. There are many problems that will be an obstacle, but must be resolved wisely.

This is generally experienced by entrepreneurs in the business world. Preferably, start-up entrepreneurs are not easily down on the problems that occur in the course of business, but entrepreneurs must rise up by promoting Innovation and Introspection of the business.

Tips Facing Enterprises That Are Lonely
Tips Facing Enterprises That Are Lonely

If we have a business that turns out to be quiet customers, this generally happens for several reasons. Maybe we sell products are too expensive, minimal quality and service we provide less than the maximum.

Some elements such as price, quality and service are certainly the deciding factor for customers to our business. If it is bad, then the customer will no longer trust us.

If indeed this business is experiencing lonely visitors, do not worry, following tips to deal with a business that is lonely customers:
1. Do Innovation
It may be that many customers run to other businesses, because you are not doing Innovation on the Product in your business. This innovation is very important to eliminate market saturation of a product.

Better start thinking to do Innovation. If you’re selling a food business, think about Innovation on taste, packaging, and how it looks. If it can be even more unique, the customer will come back to us. Make modifications to each new product.

2. Expand Market With Online System
If you start a business with an offline business, by having a store or specialty store, when the store is quiet, visitors should use an online marketing strategy, to keep customers in check.

Currently, there are many special tools that are used to capture customers who definitely love your product. If necessary, create a social media account of this business.

3. Pay attention to price and quality
In business, especially if you do business by selling products that are quite a lot of its competitors, it should always pay attention to price and product quality as well.

You can survey to a competitor’s store, and ask for a price on their side, then compare it to your selling price. If it turns out your store sells more expensive than them, of course you know what to do.

In addition, you can take the initiative to make the store look to be more leverage, and interesting. Who knows, in this way customers will be more interested again to visit and shop at your store.

Maintain Quality of Your Products and Services
Customers are generally looking for quality products and excellent service from the seller. Therefore, you, as the owner of the business, should be able to maintain the quality of products sold, and always ready to provide a friendly service and good on customers. If you have this, customers will often visit and shop at your store.

Tips Preparing Capital To Start A Culinary Business

Culinary business is lasting throughout human civilization. No wonder, culinary business continues to appear like a mushroom in the rainy season. The lure of bright prospects and success in the future encourages many people to join in building culinary business. After all, not a few people who discourage to build a culinary business.

It’s no secret, one of the reasons why many people cancel their intention to open a business, whether culinary or other business, is a view that identifies businessmen with people who have thick pockets. Understandably, to build a business to success does require a lot of capital.

Tips Preparing Capital To Start A Culinary Business
Tips Preparing Capital To Start A Culinary Business

However, that view is also not entirely true. Henky Eko Sriyantono, experts and business practitioners, said the capital is often a barrier aka mental block to start a business. In fact, the main capital in starting a business actually: the courage to start.

Erwin Halim, franchise observer from Proverb Consulting, agrees, money is not the main capital in building a business. Expertise, network or good relations, and knowledge can also be a capital in building a culinary business.

If you do not have sufficient funds as business capital, Erwin said, you can work with people who have the capital but have no ability, knowledge, or network.

“If you have expertise in the field of culinary, you can invite partners who have the capital with the pattern of cooperation for the results,” added Henky, founder of the franchise network Bakso Malang Kota Cak Eko.

After all, Hendy Setiono, Founder and Chief Executive Officer (CEO) Baba Rafi Enterprise, said the role of capital for prospective culinary entrepreneurs is not large. Capital accounts for only about 10 percent in ensuring the success of the culinary business.

“The rest, determined by experience, knowledge, skill, courage, creativity, and innovation, and spirit,” said Hendy.

Capital also does not always have to be in the form of fresh funds. The culinary entrepreneurs agree, the various assets that you have today can be business capital.

For example, inheritance recipes and secret recipes can be a valuable capital in building a culinary business.

Similarly, the kitchen equipment you already have can be a capital instead of you have to buy new equipment. Similarly, skills and knowledge of cooking or managing the store. Other assets such as homes can also be used as a place to open the store.

Setting up capital
Armed with the belief that effort can be built without large budgets, you should not have to hesitate to build a culinary business. After all, big money capital does not guarantee your business will be successful and lasting.

Even so, business capital, whatever the form, should be prepared from the beginning. Of course, the capital does not have to come from your own pocket.

Therefore, there are currently quite a lot of capital facilities with fairly easy requirements. This is very helpful for those of you who have limited capital in planning a culinary business.

Well, before starting a business, Hendy said, you should have a clear business plan. For example, you want to open a food stall. You have to count how much capital to build and run the business.

Erwin says, you should start a business by preparing business capital first. A good business capital will offer unique value and has more value than its competitors.

Of course, in this business plan there are business strategies, product uniqueness, product delivery, and marketing planning and organizational planning. This includes financial planning.

“Consider the turning point of capital, the period needed to cover investment capital, and business profitability,” he said.

Well, what kind of steps to prepare capital in building a culinary business? Check out these tips:

Type of capital
In building a culinary business, there are three types of capital needs.
First, investment capital. This type of capital is a capital that you must meet in the early days of business pioneering and is usually used for the long term. For example, movable and immovable assets, such as restaurant buildings, kitchen utensils, restaurant furniture.

Secondly, working capital is capital used to buy or make products you sell. Take for example, you open a chicken porridge. So you need working capital in the form of rice, chicken meat, and other ingredients used to mix chicken porridge.

Third, operational capital. This type of capital is the funds you spend to pay the business monthly operating costs. For example, paying employee salaries, electricity costs, telephone costs, buying gas, and so forth.

Of the three types of capital, usually the investment capital suck the needs of funds in the largest amount. In addition, investment capital is also the type of capital that you must first prepare first.