Browsing:

Category: About Business

What are the Advantages of E-Payment Systems

If you are keeping up an online business and are putting forth things to sell then you require an e-payment system.

Today item is offered over the web and clearly, this is the place where online payment systems accept a basic part. People who buy things on the Internet like moment results and are used to right away paying for what they buy. Businesses that proceed online exchanges can help their business get more traffic since online clients tend to buy more things because of the effortlessness, settlement and protection offered by secure e-payment systems.

Working of these systems are quite simple. The customer enters in his/her exchange information into the payment gateway and the exchange entry gets the payment elements, by then passes it on to the Merchant bank processor by methods for a safe link. The Merchant bank processor sends the exchange to the Credit Card Network and this sends a payment approval request to the issuing bank of the customer. This bank will approve or diminish the exchange request, by then hand-off the results to the Credit Card Network. This will send back the results to the Merchant bank processor. The results are transmitted to the payment portal. If exchange is approved, the issuing bank will send the trade to the Credit Card Network, which will trade the exchange to the bank of the Merchant.

Advantages of e-Payment System

  • As earlier stated, online purchasers are used to the quick processing of paying for what they buy, so the key partner for shopping on the web is fast fulfillment. Recollecting this, when your online customers encounter inconsequential delays, they will in all probability search somewhere else that recognizes easy transactions on the web. With a safe and easy e payment system, you can make a point to give customer dependability in a minute
  • At whatever point customers buy from your online store, their exchange is right away affirmed, by then sent to your business account and all this ensures security for the merchant. This resolves all kinds of security issues quite effectively
  • This will also help in more sales. Right when customers pay for their purchases with cash or checks, they require sufficient money to immediately pay over the required amount. The people who pay electronic using their cards are given the option to pay for all the more expensive things via installments. Thusly, choosing transactions online can fundamentally bolster your arrangements when the product you offer are costly
  • Allowing exchange online lets you to interface with customers over the globe. With just a single click, your web business store can get exchanges from online customers – in your general vicinity, and in addition from abroad as well

It is evident here to state that you are excited about e-payment systems and for your benefits, different options like CCAvenue, Paytm, PayPal, MobiKwik are there to make your online transactions be smooth, secure and easy to complete. So, choose the one that suits your needs and optimize your e-business quite emphatically.

Read the rest


How to Start a Small Laundry Business

Some people wash dirty clothes, has become a routine activity every week. But some do not have much time to just wash their clothes. This is what you can take as a business opportunity to start a laundry business.

Laundry Business

The development of increasingly sophisticated technology and the density of urban community activities, making them lazy to do housework. They want to save time, energy and do not even bother. In addition they also want clean and fragrant clothing. Well with laundry business all that can be obtained with a relatively low cost.

By looking at the conditions above you can open a laundry service business. Given the many people who want to use this service, so there is a possibility in the future this business will grow rapidly. Then how to open a laundry business to be successful and can last long.

Starting Laundry Business Kilo’s

If you want to open laundry business kilo’s initial capital in need is not too big. You can observe the development of business, if you experience an ever-increasing graph, then you can grow this business even more.

With only one washing machine capital and also a small room where customers receive or hand over clothing that they want to wash then this business is actually already able to walk.

Some things to be prepared before opening a laundry business

To run this business in order to run well, you must have knowledge about the type of fabric, stain type etc. Here are things you need to consider before opening a laundry business kilo’s.

  1. You must know how to wash clothes properly. Know the different types of fabrics, as well as how to wash and dry well.
  2. Recognize the type of stain attached to your clothes, use proper cleaning soap to clean the stain without damaging the color of the fabric.
  3. Use equipment that matches the size of the business you are running. If you are just starting a laundry business, you should use the equipment that is just the most important clothing that the laundry can be clean and neat.
  4. Calculate how much labor is need to open this business. Using the workforce effectively will help you save on operational costs.
  5. Prepare the cost for operational next three months. Calculate operational costs such as paying electricity, leasing of business premises, the cost of buying detergent and water should be taken into account.

The obstacles in running a laundry service

Every run of a business obstacles and also obstacles can come at any time. Do not rule out that hitch also hit your laundry business. Here are some of the obstacles that usually afflict laundry business.

The number of competitors who open a similar business. Competition in business is the usual thing, therefore maintaining good relationships with customers must be maintained. Provide good service to satisfied customers and want to return again.
Customers usually ask for quick processing time. Therefore if in a crowded conditions it is necessary to set the time so as not to disrupt service to customers.
People who already have their own washing machine, thereby reducing your potential customers.

Strategy to run laundry business

Choose the right location

To run any business location is one very important factor in marketing. So does the laundry business, choosing a good location will determine whether your business is busy or not. For laundry services, choose locations that are close to school, campus, or rented.

That’s because usually people who live in that location do not have much time to do washing activities, therefore they usually prefer to use laundry services.

Adjust the price

Before opening a business there is a good idea to do a simple research to find out the market price for this service business. You can see how much the price offered by competitors. Make a price that matches the service you provide to the customer. Basically, customers will not object to paying a little more if they are satisfy with the services you provide.

Provide extra service

When there are many who open a similar business you must have a differentiating factor from the others. Provide extra services such as providing a choice of perfumes, anti wrinkle, shuttle service.

Also in business laundry services punctuality is the absolute thing you guard. Do not let your customers be disappointed because the clothes they wash did not get done in a timely manner. Make your customers love die so as not to move to competitors.

Pay attention to quality

Learn washing techniques to keep clothes from dull and faded. This is important if the laundry is good, clean and fragrant then the customer will return to your place. Recruit the right worker Recruit employees in accordance with the field to be done. Separate between the administration employees and the washers, so that their working time can be effective. For additional employees is require if your laundry service kilogram business has grown. While the beginning of the business may be all the work can be handle by one person.… Read the rest


Success Build Cafe Business Right Now

The success of build a cafe business is very good you can do right now because with minimal capital has many examples of success can develop its cafe into a big cafe and worthy of calculation and you can imitate their way now.

Moreover, we know that everyone needs to eat, drink, and also build relationships with others. With you opening the cafe, you’ve helped others to get those needs.

Success

Success Steps Build a Business Team for Cafes

You really need to build a team for the success of your business, like other big companies, The team you need to develop is a team that must be really solid and ready to face the challenge because any company needs to build a solid team. The way you build a team, you must specify first you need a team for any job desk.

Well usually a new cafe business startup requires:

Financial department

Financial Section is certainly very needed any company because the financial part is a very important part for the development of your business, Try to imagine when you do not have a finance team in your business. You will have trouble organizing your business planning and development. Like you want to lose weight of course you have to know how much weight you are now, then how many pounds you want to lower? And what time of year do you want? Then what steps do you take to pursue your goal with the time you have set it? Of course with you knowing the starting position, and your goals, you will be easy to reach your goal.

Just like your business, you must be in control of your business including financial affairs. Therefore you need a finance team.

The financial team you need at least have the following criteria:

  • Minimal graduates of Bachelor of Finance
  • Ready to work under pressure
  • Have similar work experience
  • Integrity
  • Ready to work and obey company regulations
  • Thorough, firm, and wise
  • Ready to give financial advice.
  • Can make financial reports and financial plans

Production Section

Of course your business needs a production section that knows very well about the drinks and foods you sell. Because if you do not have a production team, chances are that your business is very difficult to grow. Consumers need a solution to the problem. In terms of Cafes their problems are food, drink, and a comfortable place. If you and your team understand what food, drink, and place your Consumer needs, you become more developed than your competitors who do not understand and complement the needs of consumers.

Therefore you need a production team with at least the following criteria:

  • Minimum graduates of Bachelor in Hospitality or Tourism
  • Never worked in a similar field (have experience)
  • Ready to work under pressure
  • Ready to do a good job
  • Have integrity and responsibility
  • Ready to establish cooperation and build good relationship with the supplier
  • Ready to research consumer needs

Marketing Section

You need a Marketing Department to help market your cafe well, while the marketing task is to strategist the marketing and implement it well. You should prepare your marketing team as well as possible because they are your “locomotive” cafe. If the marketing part does not exist in a company of course this incriminates you because searching for targeted consumers is not an easy thing if done alone. In addition, the marketing team is also in charge of designing your campaign.

In order for you to get the best marketing team, at least you need a marketing team as follows:

  • Be integrity or responsible
  • Ready to make a marketing report
  • Have a brilliant idea in doing business
  • Have a similar experience
  • Preferably creative people
  • Loved the challenge
  • Has a high entrepreneurship
Read the rest

Economic : Subprime Mortgage

economic

340 × 226 – davidduke.com

Economic : Subprime Mortgage

Economic Articles. On this occasion we will discuss about the financial crisis in 2008 originally caused by Subprime Mortgage in the United States and spread to Europe and some countries that have trade, financial and investment relations with United States country.

Preliminary

The global financial crisis that caused the declining performance of the world economy
Drastically in 2008 and is expected to continue, even
Will increase in intensity in 2009. Slowing economic growth
For developing countries and emerging markets, this situation can damage the fundamentals of the economy, and trigger an economic crisis. Concerns over the negative impact of the global economic downturn on emerging market economies and the flight to quality phenomenon of global investors amid the current world financial crisis have put pressure on currencies around the world, including Indonesia and draining US dollar liquidity on the market Domestic many countries. This causes the forex market in developed and developing countries tends to fluctuate amid increasing uncertainty.

Impact

The most immediate negative impact is felt as a result of the economic crisis
Global is in the financial sector through aspects of psychological sentiment as well as the decline of global liquidity. Declined in the stock price in Indonesia Stock Exchange reached about 50 percent and the depreciation of the rupiah.

Throughout 2008, the rupiah has depreciated by 17.5 percent. The tendency of volatility in the rupiah will continue until 2009 with the ongoing efforts to reduce the debt (debt) of global financial institutions.

The various conditions mentioned above are expected to have a significant effect on slowing economic growth, providing employment opportunities, and reducing poverty. The downward trend in economic growth ranges from 4.0 to 5.0 per cent with the most optimistic estimation point at 4.7 per cent (lower than the initial estimate of 5.0 per cent) primarily due to (1) an investment slowdown estimated at 5.9 Percent, lower than the previous estimate of 7.5 percent, among others derived from foreign investment (PMA) and portfolio investment; And (2) export performance slowed from the previous estimate of 7.8 percent to 5.1 percent.

Subprime Mortgage

The last three months data showed exports to be stagnant or even negative (-3.0 percent). The decline in exports will be followed by a decline in production, so the rationalization of labor is difficult to avoid.

Increased in unemployment and the number of poor people soon be experienced by the national economy and global economic crisis. Currently, the phenomenon of termination of employment (PHK) has occurred in export-oriented industries. Followed by layoffs on textile products and paper, and plans to lay off workers in the timber and plantation industry.

In addition, the global recession will also result in layoffs on some of the Indonesian labor migrants abroad. This will not only put more pressure on the labor market in Indonesia, but will also reduce foreign exchange earnings.… Read the rest


Economic : Comparison of Foreign Exchange Reserves

economic

Economic Trends

Economic Articles. The rapid growth of China’s economy can not be separated from the abundance of foreign exchange reserves possessed as capital that will continue to spur development in the country’s bamboo curtain. Here we discuss Comparison of Foreign Exchange Reserve of China, India, and Indonesia to know how much power each country’s capital which is now very high economic growth rate in Asia.

China continues to prove itself as the new economic giant in Asia by posting foreign exchange reserves of USD1, 9056 trillion at the end of September 2008. The Central Bank of China through the Internet network of the People’s Bank of China said the number increased by 32.9% from the previous year and 25% High from the foreign exchange reserves at the end of 2007.

However, the Central Bank of China said the growth from year to year (year on year / yoy) is still considered low compared to the first quarter which reached up to 40%. This is due to the global economic slowdown that occurred since a month ago.

Until now China is still ranked first with the largest foreign exchange reserves in the world. Based on data cited by Reuters, China is getting away from Japan which is in the order of-2. Indonesia’s foreign exchange reserves at the end of August 2008 was only USD58.356 billion.

Foreign Exchange

World foreign exchange reserves at the end of the second quarter rose to USD4.4 trillion, from just $ 1.5 trillion earlier in the decade. The US financial crisis (US) is predicted to strengthen China’s grip on the American economy.

This is because Beijing is likely to buy more US government securities by exploiting its increasingly ballooning foreign exchange reserves. China has secured US $ 1.3 trillion in US securities, or about 70% of their $ 1.8 trillion of foreign reserves.
This has sparked concern among US politicians that China’s enormous mastery will make the country a major threat to the United States. Nevertheless, experts say China has no choice but to continue to buy assets with dollar dominance.

Dollar dominance

This is done to prevent a reduction in the value of its assets, although they know the US is now at risk of falling into the worst economy since the great depression of the 1930s.
“They need liquid and safe assets, whereas such assets are not much in the rest of the world,” said former head of the China Division at the International Monetary Fund (IMF) Eswar Prasad.

According to him, if China stops sending its money to the US, the US dollar will experience depreciation or deficit quickly. Then, with current current account deficits, no party is willing to finance the deficit so that the dollar will decline and erode the value of their asset capital.

During this time, he said, the US economy is managed through a large current account deficit and that could worsen economic conditions, as Washington’s plan to save Wall Street from the current economic turmoil.

Meanwhile, Merrill Lynch China managing director Liu Erhfei said China will be able to maintain a reasonable growth at or above 8%. According to him, China needs to ensure sustainable growth and keep inflation under control to reduce the impact of the global financial crisis.

Until now he admitted China has not experienced the turmoil as faced by developed economies. Liu added, China has a “simple task”, namely to tackle inflation, stabilize growth, and increase domestic demand.

Country with most foreign exchange

Foreign exchange reserves (foreign exchange reserves) are foreign currency deposits by central banks and monetary authorities. At this time China does have the most foreign exchange reserves. Japan, which is the most developed country in Asia, only has foreign exchange reserves of US $ 996.7 billion, followed by Russia (US $ 582.2 billion), India (US $ 295.3 billion), South Korea (US $ 243.3 billion ). China far surpassed the United States’ foreign exchange reserves (US $ 72.5 billion) and Britain (US $ 72.1 billion).… Read the rest