DAYAK - WONDER HOW TO PURSUE A BUSINESS?

The basic strategy of venturing into any business (local or international):

W.H.O.M. Strategy:

• W – Know Whom
• H – Know How
• O – Know Opportunity
• M – Know Market
  

The basic strategy to enhance your business (local or international):

A.F.F.A.N.D.I.R. Strategy:

• A – Asset (monetary/non-monetary)
• F – Funds
• F – Facility
• A – Alliance
• N – Network
• D – Development/ Diversification
• I – Investment
• R - Returns
  

The basic needs of embarking into a business (local or international)

SWOT Analysis:

• Know your Strength
• Know your Weakness
• Know your Opportunity
• Know your Threat (risk elements)
  

The basic analysis of understanding a business (local or international)

PESTLE Analysis:

• Political factors
• Economics factors (domestic/regional/global)
• Social factors
• Technological factors
• Legal factors
• Environmental factors
  

The essential tools to kick-start a business:

• Do your above homework and start researching your potential market
• Prepare a business plan (without plan, your plane will never takeoff)
• Forming your company
• Register your domain name (entity & branding)
• Build your website
• Register your company with ROC
• Open a business account
• Raise funds for your business
• Apply for business permits and licenses, if applicable
• Buy/rent office space if needed
• Consider the other services needed to operate your business efficiently.
• Create business materials
• Develop a marketing plan for your products or services
  

To do business, you need to be “Busy, Involve & Necessary” by building possibility, to create opportunity and to generate profits.

• Business is not a show; it is your show to capitalize opportunity.
• Business is risky but worth the risk if you can identify and manage the risk to generate good returns.
• Big business starts small – small business start from zero.
• Small business can control big business if you’re good in corporate maneuvering.
• Small business can have dozen of businesses if you can identify them.
• Business don’t guarantee success, it is you that needs to warrant it.
• Business don’t print money, it’s your business success that multiply money.
• Business sound easy, it doesn’t if you failed to understand the primary role of operating a business.
• City business and rural business are equally the same (it’s still a business); the only different is the market and demands.
• Business doesn’t make you rich overnight, it takes hell of hard work, patient, persistence and commitment.
• Business never fail, it’s you who fail to run it.
• Business is always available, busy and huge, it’s you who need to identify and secure it.
• Business can make you rich, very rich and it can make you poorer-poor and/or bankrupt too.
  

Ketu ka nangka tu dulu penemu ari aku….ila berandau baru ga kitai sebuat.........