Articles from July 2010



How to Start Your Business by Looking at Market Analysis

market%20analysis How to Start Your Business by Looking at Market AnalysisEntrepreneurship is currently become an alternative method to get income. The realization that life can not be hung from work alone, making the business activities are increase. Unfortunately, there are still many people who start a business with a wrong way, in a way that is still used during the first industrial revolution. Although the time has changed. The concept of age-old business would have been different to the recent concept. This lens will guide you to understand the big picture of how to start a business that you are not going to the wrong way.

The first step to open the business is that we should ask about what is needed by the market. Not the other way which is we make the product first without knowing what is needed by the market. If the product happen to be need then you’re lucky. How about if the product is not needed? Then you will be loss.

At first, you must ensure that your product is needed by the society. To recognize this, it can not be done by assuming only. The definition of required by the market is that the market really need the products while suppliers or those services are still lacking. In addition, we must also consider the number of markets that require those products. If there’s only a few, then maybe your business idea is not promising.

Measuring the Company’s Performance

financial performance Measuring the Company’s PerformanceThere are lots of factors that affect on the company’s performance, among them are like external business environmental factors such as government policy, legal and political power, technology, resources, competitors, customers taste and management. In the perspective of strategic management, the environment is an important contextual factor that has impact on the company’s performance.

The external business environment is an environment outside the organization, but consider in making business decisions. Finding other contextual factors that affect the performance such as technology, uncertainty, strategies and competencies. Globalization, economic conditions, technological change can also affect on the company’s performance.

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Technology and Business

InformationTechnology Technology and BusinessThe term of information technology is become popular since the late 70s. In the past, the term of information technology or used to say computer technology or electronic data processing. Information technology is defined as a technology of processing and distributing the data by using hardware and software, computers, communications, and digital electronic. The increased demand from the business sector about the means to control the information, particularly related to production and distribution activities, is become the main support for the development of the application of telematics.

At the beginning of its development (a century ago), this applications was driven by the needs of the business sector, such as computer-aided design (CAD), remote sensing devices, management information systems, and data bases. But only in the 1960s, the computer technology and the electronic technology were merging with the broadcasting technology and telecommunications based on cables.

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Type of Consignment Business

open consignment business 200X200 Type of Consignment BusinessThere is one choice which is easy to immediately start a business, namely the CONSIGNMENT system. With this system we left our goods into the shops, stalls, or mini / supermarket that owned by someone else. We do not need to have own shop and do not necessarily have own employees.

Clearly, it will save much cost. We just need to invest on goods and saving our time plus the energy to offer to the store. Even the goods can be from someone else, it can be goods from wholesale and then we entrust them to several stores. The consignment Agreement could be flexible, for small shops like us, we just having to do with family and with an easy agreement.

How many items are placed, how much the price is, when to check it, when the payments done, and other agreements are discussed together and after we get the deal or both parties are agree then the consignment can be run. It would better if this agreement is done in writing (and indeed should be written), even in a simple format, so that if there is a disagreement, the guidance is already exist.

To entrust the goods to big companies (mini market or supermarket) the of course the requirements are strict. The supermarkets have set the requirements that must be met.