Ways to Establish a Small Business Essay - 1182 Words

In this modern era, being smart academically, having a bachelor or master title cannot guarantee a person from having a good job with a good salary. Some people dont satisfy with their current work because they think that the salary is small and they should deserve more, no wonder there are many people work in places that are very contrast with their study in the past. Nowadays there are many independent businesses running both online and offline such as online shops, restaurant, saloon, etc. Some may think that it is just a part-time job to have an extra salary, but the truth is, we can get a large amount of incomes if we have a good management skill. Establishing a small business can be easy or hard depending on the persons capability,†¦show more content†¦Desires that entrepreneurs possesses can be used as motivations for establishing the business. (â€Å"7 Langkah Membuat Usaha Sendiri†, 2012) desires that a person possesses may be a short-term such as successfull y establish the business, have clients, to be known by many people or a long-term desire such as having an increasing income every year. The next crucial thing that needs to be looked at is managing budget for the soon to established business. A good businessman should be able to calculate on how much money he or she would spend his or her career. In many cases an amateur businessman tends to miscalculate the budget, and ended up getting no profit at all. For beginners, there are many ways to obtain enough budgets to start a business. A small business may require small amount of budget ( two to tem millions) and it is possible to obtain the money from his or her own savings.(â€Å"tips mengawali usaha dengan modal kecil, 2013) on the other hand, if the business budget requires a lot of money, it is wise to ask for a loan from close friends, family, or even bank. Some people may think that asking for a loan is somewhat inappropriate, so another way to acquire the budget is to cooperate with someone else, in other word having two founders in one business, and automatically the budget will be split in to two. (â€Å"Li ma cara memulai usaha dari bawah†, 2013) After the budgeting is complete,Show MoreRelatedSummary : Big Data Analysis Essay1555 Words   |  7 Pagesimproving efficiency of business, market trends, customer’s preferences, information of competitors, and other useful business information. According to the IT Glossary, â€Å"Big Data is high-volume, high-velocity, and high-variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making.† In other words, it is an abundant array of information used to acquire insights and make business decisions. 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