Showing posts with label Tips. Show all posts
Showing posts with label Tips. Show all posts
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Eight Steps Start Your Business
The economic crisis that came very narrow streak employment. Because many companies are bankrupt and lower production volumes so there is no other way except to lay off permanent employees. While the new labor force either graduated from high school and college bench continues to grow every year.
Observing these conditions to obtain a job was not easy. Especially after many companies impose outsourching, making job seekers have no value at all fresh. The company is determining when needed and when kicked. Just choose not contracted three months, six months or a maximum of one year. After it became unemployed immortal, because it is difficult to compete. Companies tend to choose new staff new graduate course, for those aged over 25 years the doors have been closed.
Still applying for very much. For those who get the opportunity to work and even then the model contract which has a connection. Being a purely speculate send a job application by mail or deposit to the security guard responded rarely, if after all also be called just a formality.
Well, while the lives and needs in turns to come. How can it be fulfilled if we do not have income. For that there is no other way except to change the mindset of looking for work to create jobs. Start a business or a successful entrepreneur.
In order to minimize risk of failure, before plunging into it would not hurt if we look at some successful tips. One of them is to follow the eight steps below.
Knowing or Recognize Self Potential
According to an analysis of successful business people who mostly have a pattern or properties such as, people who start their own and hardworking, people-oriented, courageous and did not hesitate in making decisions. In the lead can be trusted and his words can be held, responsible, industrious and resilient. Has good organization of regular and healthy.
In addition, should pay attention to things that are also highly influenced against any kind of business that will be practiced. Among others in the past work experience will determine the type of business that will start. Moreover, if already familiar with the products or services and industry, will usually be easier way to start a business. Because, usually in starting a business will be very complicated if both are equally a new start. Both new in the business (not experience) and not be aware of their products.
Plan
Before proceeding, you should plan what is appropriate business expertise or interest. Therefore, a good business plan is a guarantee for success. According to some surveys, planning right is the main determinant for the survival and growth of a business.
There are three fundamental reasons to make a business plan which was to determine eligibility, provide a written document and guide the handling of a real business.
A business plan must document the business aspects such as marketing, organization, and finance. Planning should begin an effort to determine whether the company would gain a profit or loss-on paper-before he quit his job.
Furthermore, the courage to take capital loans for the second time by making her home as security / collateral, and make a commitment to (convince) relatives and relatives about the possible risks and benefits. Business actors also have to determine how large the amount of capital required to start and run the business until the business can finance itself (standalone).
Also must strictly examine his own financial needs, as most new business in the early days could not pay the owner.
Usually the lenders (banks) and investors also want to see a business plan. Arrange in a trace and carefully plan our business, because this will show them that we have developed a business idea that can be implemented.
Funding
The next step is to seek or obtain funds for capital. First the easiest and secure the savings. Then use the property or personal assets as collateral to the creditor. Because usually the loan provider or investor will also require the form of legal documents, among others, collateral equal or even larger with the value of the borrowed funds. Operating revenues sufficient to pay the debt / loan, have experience of managing the business of the same type and has a commitment to greater personal finance.
Legal Matters (Law, Regulations, Permits, etc.)
Should we have obtained advice from an expert, such as lawyers, insurance agents, and accountants before deciding about whether his efforts will only have yourself (sole proprietorship), partnership (partnership), or in the form of a company (incorporation). However, if the businessmen will have an investor, a company would seem more appropriate.
Record Keeping
Data storage or good financial accounting system is very important to provide / provide information needed by investors, lending (banks) and government. The existence of the notes or recordings are very important for further planning and monitoring purposes. We need to know how much money is generated, any spending on anything, how much profit or loss, anyone who is indebted to the work done, and to whom we owe. Well, all these questions can be answered with system maintenance or storage of data (financial) good distinction transparent. Records or accounting data must be owned by new businesses, among others; Cheque Book Register indicating all checks issued, the date and amount of money on checks, check recipient, and a brief description about the type of expenditure. Cash receipts journal showing the money received or signed, dated receipt, the amount of money received, payer name, and description of the type of reception. General Ledger Accounts to Be Received (Accounts receivable ledger), or General Ledger Accounts Receivable, a register of money-money that is still not acceptable, which is the obligation of your customer to pay for your company. General Ledger Accounts to Be Paid (Accounts payable ledger), or the Debt Ledger, who noted the bills are still not paid by your company to the provider of services or goods (vendors).
Journal of payroll / wage that is used to track payments or penggajihan to employees and this includes things such as gross revenue and net income, individual income tax, and various other salary deductions, and General Ledger Inventory Control (Inventory control ledger) that records inventory purchased, inventory is sold, and inventory is still there. Inventory Ledger was only fitting that has a large inventory.
Insurance
Problem is also very necessary insurance. Before opening a business should have consulted with insurance agents regarding the protection of property / wealth, debt / liability, compensation for employees, vehicles, business interruption, health and life insurance. We have to get "bids" from several insurance agents, and then buy insurance and preferably from one agency alone. This will enable us to obtain services or better services. All insurance policies must also be reviewed every year - in line with business growth, the need asuransipun will increase.
Taxation
As a good citizen and an honest businessman always fulfilled its obligations to pay taxes. For that to understand and pay the appropriate tax laws, should consult with a public accountant. Diligent follow the seminar or workshop with the theme of taxation. Furthermore, the Register of business organizations to several relevant agencies in both the central and in the regions, and organizations in accordance with the cultivated field.
Relief / Help
In order business run smoothly and grow should indeed be supported by several important instruments. Make a "team of professional advisers," comprised of business counselor from Verja Joint Agreement (CLA), legal advisors, bankers and insurance agents.
Because, most successful businesses often received assistance from successful entrepreneurs. For example, when they met at a meeting organized by the Chamber of Commerce and Industry (Kadin) and with other related business organizations. If at that time asking for advice and willing to listen, then the chances of success will increase / wide.
In closing, anyone who fails to plan, then plan to fail. Anyone who fails to prepare, then prepare yourself to fail (those WHO fail to plan, plan to fail). We must take the time to make its business plan and learn as much as possible before making big decisions like that. Only then will the dream of owning a business will become a reality.
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Business Loan Application Process
For the entrepreneur who wants to expand her business but the knock limited capital owned by short-sighted, it never hurts to access capital from banks. Here are some step guide to get to the source of that capital. Because, rather than business people who need capital, banks also need the borrower. So, in fact not cheap capital poured from following some criteria must be met.
Banking much lately giving credits to businesses KUKM segment. There are even banks that set up the unit / special division that handles micro credit, such as Bank Danamon formed KUKM Center. Bukopin for example, from the beginning has been put Cooperatives and SMEs as a core business. This is intended to get closer to the KUKM bank. But unfortunately, many entrepreneurs among KUKM still giddy with the subject of the credit. This may be because of their ignorance about the ins and outs of credit application and pengucurannya. If you or your co-operative wanted to get a loan from the bank, then you need to know step by step that must be passed. Well, here is a process or workflow application and disbursement of loan:
1. Preparation Prior to the Bank
Before going to the bank, you should first prepare some important documents, such as: a) Creating bankable proposals (bank qualified) which includes, historical data business, business development (balance sheet and income statement); sources and uses of funds, type of , number, and credit usage; receipts and expenditure in the form of cash flow (cash flow). b) Administrative and legal business. If you have prepared all documents and files as supporting the loan application, the next step to meet a bank officer at the credit. Usually you will be given a form (field) application for credit.
2. Credit Application Form
In certain banks, your credit application form filled out by a bank officer. So, you just interviewed alone. However, it is possible, on the other bank you will fill out the form itself. Formlir it generally contains about personal data, business profiles, business experience, the number of managers, number of employees, type and marketing of products (goods or services) including raw materials, business turnover, profit margins on average, capital, collateral, purpose of the use of credit , credit needs, ownership of Guarantee, and so forth. Once the form completed and signed by you, and then handed back to the bank officer, then the bank will perform a variety of analysis on your loan application is.
3. Preliminary Analysis of Bank Officer
Initial analysis conducted by the bank, among others, a). Interview, which is useless to seek the truth data in the credit application form and required additional data bank. b) Call visit (visit the bank to your business premises). c) Call report (trip report)
4. Advanced Analysis by Banks
a. Financial analysis on several points, namely: i) Liquidity, the ability of a prototype effort in repaying debts due. ii) Leverage, measure how much the assets of borrowers being financed by a bank (lender). This calculation can be seen through a comparison of total debt held by its own capital, the ratio of total debt with its own capital, and the ratio between the net revenue interest to be paid. iii) the business activity, assessed by the bank through a comparison of payments received by inventory, sales comparisons with the stock's total assets and working capital turnover in a year. iv) the profitability or the ability to generate profits, measured by the ratio of net income by total assets, and net income comparisons with their own capital; b. Business Analysis / industry; c. Management Analysis; d. Juridical Analysis of Business; e. Character analysis; f. Security Analysis.
5. Approval / Denial of Credit
After doing the above analyzes, the bank will approve or reject your loan application. If the banks agree, then you (the debtor) will acquire offering letter (letter of conditional approval in principle) from the bank concerned.
6. Fastening / Credit Agreement
When you (the debtor) agree to the terms contained in the offering letter, it will be followed by binding of financing (credit) and guarantees.
7. Disbursement Credit (Financing)
After offering leffer followed by the binding / credit agreement (debts), then the next process is the withdrawal of funds. Each bank has different policies. For example, Bank Muamalat, you will not be given money in the form of cash, but the items you need according to your business. Selection of manufacturer or trader who sells regulated in agreements between debtors and creditors.
8. Monitoring
The Bank will conduct monitoring (supervision) of your efforts to run a sustainable (continuous) and rose to major. Nomitoring system implemented is at the discretion of each bank. Typically, the nature of reciprocity, you create a business activity report, and the banks will come to your business.
9. Debt Repayment
Debt that you get from the bank, have the right to be paid. Make budget provision for the budget every month from your business income. Good luck trying to become a successful entrepreneur, joined by hundreds of thousands of successful SMEs actors.
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Procedures for Establishing Cooperative in Indonesian
The Government was determined to make the step and strategic policy for the national economy is growing and is growing at a reasonable and proportionate. The commitment was made to prioritize the empowerment of cooperatives, small and medium enterprises.
In line with strategic policy to cultivate the national economy, Happenings and the ins and outs of co-operatives, would need to be kept informed to the public. That way, the cooperative as one economic institutions will be more to be understood and perceived benefits by the community.
To actualize this commitment, the government provide convenience to the public to develop through a cooperative effort. As the container business development, cooperatives are expected to improve the welfare of members at a growing spirit of economic democracy in society.
Various facilities have long cultivated the government. One of them by replacing the Presidential Instruction No. 4 / 1984 by Presidential Instruction No.18/1998 which were followed by the release of Decree No.139/1998. Such provisions essentially provide convenience to the public to establish cooperatives. Communities more flexibility to determine the scale / type of cooperative effort in accordance with the interests of members, without being tied to the name and work area cooperatives. In addition, the ratification deed cooperatives, also made easier, which is conducted by officials of Ministry of Cooperatives and Small and Medium-level Regency / Municipality.
But according to the time demands for equal legal power cooperative with the deeds of other business entities, cooperatives deed must be made by the Notary. Furthermore, the Ministry of Cooperatives and SMEs signed a memorandum of understanding (MoU) with the Indonesian Notaries Association (INI) on May 4, 2004, and issued Decree No. 98/KEP/M.KUKM/IX/2004 on Notary Deed For Makers Cooperative. So there is a change in the procedure of establishment of cooperatives is the process of making the deed of establishment, amendment and other deeds relating to the cooperative as a legal entity made before a notary. This is intended to improve the quality of legal services to the community.
In essence, based on the decree, the establishment of cooperative procedures involving notaries were still following the procedure. There are only a few steps that involve a notary, namely:
a. Meeting of the formation of cooperatives in addition to at least 20 people to invite prospective members, village officials, cooperative officials also invited the notary who has been appointed the founder of the cooperative, the notary who has authorized to execute the office in accordance with the position of notary, domiciled in the territory of the cooperative is located, and has a certificate of proof have followed the debriefing in the field of cooperatives signed by the minister of cooperatives and SMEs.
b. Notary who has made a deed of establishment of cooperatives in accordance with the legislation in force then read out and explained its contents to the founders, members or their proxies before signing the deed.
c. Then the deed of establishment of cooperatives that have been made public notary deed maker cooperative officials conveyed to the cooperative to request approval, in accordance with existing regulations.
Definition and Principles of Cooperation
Cooperative is a business entity consisting of a cooperative or a legal entity with bases its activities on the principle of cooperative movement as well as the people's economy is based on the principle of kinship.
All Cooperatives in Indonesia are required to apply and implement the principles of cooperatives, as follows:
a. Membership is voluntary and open.
b. Management conducted democratically.
c. Distribution of net income is fairly comparable to the size of the business services of each member.
d. Giving limited fringe benefits to capital.
e. Independence.
f. Cooperative education.
g. Cooperation among cooperatives.
Shape and Position
a. Cooperative consists of two forms, namely Primary Cooperatives and Secondary Cooperatives.
b. Primary Cooperative is a member of a cooperative, formed by at least 20 people.
c. Secondary Cooperative is a cooperative whose members Bodies Cooperative Law, which is formed by at least three Cooperatives that have been incorporated.
d. Formation of Cooperatives (Primary and Secondary) is done with the deed of incorporation containing the Articles of Association.
e. Cooperatives have a domicile in the territory of the Republic of Indonesia.
f. Cooperative obtain legal status after the deed of establishment approved by the government.
g. In Indonesia there are only two business entities that are recognized position as a legal entity, namely Cooperatives and Limited Liability Company (PT). So, position / status as a Cooperative cooperation with PT.
Preparation Establish Cooperative
a. Members of the public who will set up a cooperative must understand the intent and purpose of cooperatives and business activities to be carried out by cooperatives to increase revenues and benefits as possible for members. Basically, the cooperative was formed and established on the basis of similarity of economic interests.
b. For the people who will set up a cooperative to obtain understanding, purpose, goals, organizational structure, management, principles of cooperatives, and cooperative development prospects, then they can ask for counseling and education and training from the Office of the Ministry of Cooperatives and Small and Medium-local.
Cooperative Formation Meeting
a. The process begins with the establishment of a cooperative Cooperatives Establishment of the meeting by members of the public who become the founders. At that time they have to prepare the articles of association, determining the type of cooperative and its membership in accordance with the business activities of cooperatives that will establish, develop business plans, and initial balance of the cooperative. Basis for determining the types of cooperatives are common activities, interests and economic needs of its members. For example, the Cooperative Savings and Loans (KSP), Consumer Cooperatives, Cooperative Producers, Marketing Cooperatives and Cooperative Services.
b. Implementation of the founding meeting that was attended by the founders is stipulated in the Minutes of Meeting of the Formation and Establishment Act which contains the Articles of Association of Cooperatives.
c. Where appropriate, and at the request of the founders, the Officials of the Department of Cooperatives and Small and Medium Enterprises in the domicile of the founders may be required to be present to assist the smooth running of meetings and give necessary directives.
Validation of Legal Entity
a. The founders of cooperatives applying for approval of deed in writing to officials, attaching: i) Two copies of deed cooperative enough one of them stamped (attached Articles of Association of Cooperatives). ii) Minutes of Meeting of Formation. iii) inject capital letter proof. iv) The original plan of business activity.
b. Application for approval of Deed of Establishment to officials, depending on the form of a cooperative established and wide area cooperative membership is concerned, with the following requirements: i) The Head Office of the Ministry of Cooperatives and Small and Medium Regency / Municipality of deed endorsed cooperative whose members reside in the territory of District / Municipality. ii) The Head Office of the Department of Cooperatives and Small and Medium provincial / IN endorsed deed of Primary and Secondary co-operatives whose members reside in the province / DI concerned and Primary Cooperative whose members reside in several provinces / DI, but the cooperative is domiciled in the territory of the Regional Office concerned. iii) The Secretary General of the Ministry of Cooperatives and Small and Medium Enterprises (Centre) approve the deed of Secondary Cooperative, whose members reside in several provinces / IN.
c. In terms of the deed of ratification request was rejected, the reason for rejection was told by officials to the founders in writing no later than three months after receipt of the request.
d. Against the refusal of ratification of the founders of the deed may submit a request back in time within one month from the receipt of rejection.
e. The decision to re-submission of the request is given within a maximum period of one month after the submission of the request again.
f. Ratification of deed granted in a maximum period of three months after receipt of request for endorsement.
g. Ratification of the deed was published in State Gazette of the Republic of Indonesia.
Cooperative Association
Cooperative Association for at least contain the following provisions:
a. List the name of the founder.
b. Name and place of domicile.
c. The aims and objectives as well as business.
d. Provisions concerning the membership.
e. The provisions concerning the Meeting of Members.
f. Provisions concerning the management.
g. The provisions concerning the capital.
h. Provisions regarding the establishment period,
i. The provisions concerning the distribution of net income.
j. The provisions concerning sanctions.
These amendments must be made based on the decision Cooperative Meeting of Members held for that, and shall make minutes of meeting Member Cooperatives amendment. To changes in the Articles of Association relating to the merger, division, and changes in the field of cooperative effort sought approval to the government, by submitting in writing by the board to the Head Office of the Ministry of Cooperatives and Small and Medium for Primary and Secondary Cooperatives or local scale to the Minister of Cooperatives and Small and Secondary Education for Secondary Cooperatives nationwide.
Finally, the people who founded and later became members of cooperatives or activity must have the same economic interests. That means that not every person can set up or become members of cooperatives in the absence of clarity activities or economic interests.
Interpreted the same economic activity, have the same profession or business, while the same economic interests have interpreted the same economic needs. The people who will set up a cooperative is not in a state disability law, that is not serving or involved problems or legal disputes, both in civil and criminal. Businesses that will be implemented by the cooperative must be economically feasible. Economically feasible means that the business will be managed in an efficient and capable of providing economic benefits for its members.
Alone should be enough available capital to support business activities to be carried by the cooperatives. It was intended for cooperative activities to be carried out without closing the possibility of obtaining assistance, facilities and loans from outside parties.
Stewardship and management must be tailored to the business activities that will be undertaken to achieve efficiency in the management of cooperatives. Please note those who will be appointed / elected to the board should be someone who has the honesty, ability and leadership, for cooperative established that early on has had a powerful stewardship.
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Proposal Submission for Small Medium Business Loan
Business is usually when it's run would require a capital injection to expand its business. Unfortunately, not all businesses to seamlessly access additional capital from the banks. In fact, many entrepreneurs who wish to make a loan KUKM to the bank confused because they have to submit proposals that explain the intent and purpose loans. They also do not understand how to create a bankable loan proposal. Or maybe often make a proposal, but doubted whether the proposal was prepared and bankable visible.
Therefore, the ability in preparing credit proposal would provide little benefit for future business development. Given the other party or the bank may not directly accept loan applications submitted without studying the proposal.
So, it is clear that the proposal is an important complement the proposed loan to the bank. Approved or rejected the submission that the proposal submitted tergatung also able to attract the attention of the bank or not. Because the proposal describe the prospectively viable business or not. In essence the bank can not directly accept your loan application without examining the proposal.
This is where the ability to arrange the necessary credit proposal because it will give many benefits in your business. The proposal is a complement in the proposed loan to the bank. The proposal is also urgent to attract the attention of the bank, because the proposal viable prospective describe your business or not. Benefits that would be obtained if you are able to prepare a proposal are:
a. Lenders / banks will prioritize your loan.
b. You get the opportunity to develop the business into a larger scale.
c. You will receive an award if you become big business and example.
d. You will have a broader relationship.
Here is an example layout of a proposal that includes the full points, among others:
Cover
On this first page contains the names of businesses / cooperatives (in the top / middle of the page), place of business, month and year of manufacture of the proposal (usually below).
Second page
Contains a brief profile and identity of the owner of the business which consists:
a. Name, address and telephone number of cooperatives / companies.
b. Name of management, employees, and managers.
c. The location where the business is located.
d. The number of cooperative members.
Proposal Summary
The contents of the proposal should be summarized in the form of a summary of the proposal which includes:
a. Brief profile of business and owner's identity.
b. Total loans requested.
c. Credit package for each member (for cooperatives).
d. Loan repayment period.
e. Grace period (grace period).
f. Alternative guarantee its value estimation and when the business will commence.
g. Classification and independence of cooperatives.
h. When did the business plan / project will be executed.
Proposal Contents
a. Preliminary
Introduction The background can contain business establishment, the reason of the need for investment and working capital and general business climate and business plan forward.
b. The purpose of the use of funds and the amount of financing needed here you need to write the purpose of financing the use of funds and the amount of funds necessary financing. Explained also how you will use these funds specifically and clearly.
c. History and explanation of cooperative efforts that are informative, factual and unemotional, regarding when the business was established, initial location of the business is established, technologies and equipment used in the early establishment of enterprises, development of employee / management, development of production, demand from anywhere, and marketing anywhere.
d. Market information regarding specific products and services. Using the fact that there is, in the form of numbers and names, for example: i) What are the products and services offered (which has been and will be produced). ii) Who are the buyers and the rival product. iii) Is there a company specializes in one or two kinds of products, or indeed offer a wide range of products to be marketed What is done by business owners in maintaining or increasing its share of the market (market share). iv) Demand-supply, identification of common indicators that have anything to do with demand and supply of products such as demographic data, income per capita of a region, product marketing and other data relating to supply demand. v) The analysis of competition, described the position and competitors' efforts in marketing similar products, especially the comparison in quality, price, and service. vi) distribution channels, also explained the method of marketing distribution channels and explain the advantages of marketing distribution channels used. Marketing plan, about what products will be marketed, in the local area, between cities, provinces, and exports. vii) The development of prices at the local level on average 2-3 years terakhir.viii) Aspects of production. ix) The process of production and technology. x) For the production effort, described the technology being applied, machinery and equipment and price specifications, production process briefly, charts and flow of production. For trade, written procurement process the transaction until delivery of the goods. xi) The capacity of production, for types of businesses included the production of necessary production capacity and production plan per year. xii) The location of the business, by creating a map in hand description. Explained where the location of the business is located, an important business location are not affected by prohibition. xiii) land and buildings, explain the details of soil with standard size (ha / m) whether the land is property, lease or other form of ownership. Explain, if there are buildings necessary for the business. xiv) Raw materials and auxiliary materials, easily whether or not the procurement of raw materials and auxiliary materials, including sources, availability of supply, volume, mobilization of raw materials, purchasing system (cash / credit).
e Socioeconomic aspects
i) Any employment, explain whether the business is able to absorb labor, and how many workers absorbed. ii) The linkage effort, explain the business relationship with big business, with other small and medium businesses, with cooperatives and others. iii) Revenue, an explanation of your business will give improvement.
f. Financial history of business / cooperative
The financial statements of the business for at least the last two years include: i) the Balance Sheet. ii) The consolidated profit / loss. iii) The type, amount, and the use of credit. iv) cashflow (cash flow) and expenditure receipts furnished the factors that influence it. v) Administration and reports. vi) The purchase, production, and sale / export. vii) The data concerning human resources, capital, material and financial reports should be submitted complete and correct.
g. Financial Projections
Forms of financial projections:
- The capacity of the business, purchasing, and production.
- Data sales and exports.
- Project costs and financing plan.
- Budget cash (cash budget.)
- Consolidated revenue (profit / loss) pro forma.
- Pro forma balance sheet for the upcoming fiscal year.
- Source and use of funds.
The nature of the financial projections: realistic
Based on reasonable assumptions and may give a description about the possibility of profit or loss.
h. List of collateral that may be given, a form of collateral in the form of goods being financed and other collateral when deemed necessary. For example, land and buildings / machinery, vacant land, supplies and other goods.
i. Cover
Hope and gratitude on the part of banks.
Attachment
Other additional information that support in the form of attachments, among others;
a. Copy of ID card, driver's license
b. Plans in the blueprint.
c. The drawings or photographs.
d. Photocopy of official documents (legal documents) as SIUP, TDP, TIN and deed.
e. Business establishment, identity management and important records.
f. Census data and demographic data.
In practice, the data above can be increased or decreased tailored to the type of business. In substance, a comprehensive and interesting proposals are needed to convince the banks to provide credit. Good luck.
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