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Advice For Running A New Business

  • Written by News Company


Taking on the responsibility of running a new business can be extremely satisfying and also very nerve-wracking all at the same time. Officially opening up for business and starting to sell your products or services is an exciting time and will certainly keep you busy.

There are a few pieces of advice you’ll want to consider adhering to if you’re in the process of running a new business and being your own boss. Most importantly, make sure you’re entering an industry and managing a company you’re passionate about before you commit so that you’re motivated to continue going strong through the ups and downs.

Make Educated Decisions

When you accept the job of running a new business, this means you’re in the driver’s seat calling the shots. People are going to be looking to you for answers and direction and you have to be prepared to communicate your expectations and desires to them. One piece of advice for you is always to make informed and educated decisions no matter how big or small off issue is at hand. For instance, if you’re a new owner of a construction business, then you’d want to refer to this buyers guide before purchasing large and important equipment such as a cement mixer.

Always be Thinking Ahead

Although you’re a new business and will want to focus a lot of your time and energy on what’s in front of you, it’s also critical that you plan ahead and look to the future. If you want to grow and expand your company then you need to be thinking about what changes you have to make and sales goals you need to meet to do so. It’s a wise idea to come up with and follow a business plan that outlines both your current and future objectives and how you’re going to go about meeting each one. For instance, if you know you’re going to need to be filling more positions in the upcoming year then plan ahead for that and make sure you start recruiting early and that you have enough office space available.

Take Breaks

Taking charge of a new business means that you’re going to be extremely busy most days and won’t have a lot of time to do much else. However, it’s important that you try to practice-work life balance as much as possible and take breaks when you need them, so you don’t experience burnout. Ultimately, you’re in charge of your schedule but it can be difficult to step back when you’re in the midst of building a new business. Therefore, at least commit to taking breaks more often and going on holiday once in a while as well. This will help to make sure you don’t stress yourself out and can tackle all your to-dos with a level head and can continue to be a good manager.

Get Feedback from Customers & Employees

Another piece of advice for running a new business is to reach out and get feedback from your customers and employees on a regular basis. This will help you to know what it is you’re doing right and in what areas you need to make changes. Trying to play guessing games or making assumptions will only make your job harder. You’re also taking the chance that you’ll completely miss the mark and waste money on projects that aren’t necessary. Ask for honesty and then avoid taking the remarks personally, but instead, use them to improve your business and make adjustments that will positively impact your company. Feedback and input from others is extremely important in the process of building a new business, so take the process seriously.

You may also want to think about asking satisfied customers to leave positive reviews for you online. This way other consumers will see what a great experience was had by others and will want to work with you too. You can also post these remarks to your website so shoppers can see them when they’re checking out your company on the Internet.

Be Willing to Take Risks

You should also be willing to take risks and chances as you launch your new business. While it’ll be tempting to want to stay on a comfortable and easy path, this isn’t what’s going to ultimately make you successful. You’re going to want to innovate and use technology to your advantage so that you can stand out from your competitors. Although you’re new, it doesn’t mean you have to sit back and wait for opportunities to land in your lap. Instead, put yourself out there and go after what it is you want and think is best for your business. Network and meet new people because you never know who will help spark good ideas that you can implement at your company.

Stay Organised

It’s also a wise idea to stay as organised as possible when you commit to running a new business. You want to make sure you know where your important client files are at all times and not have to go searching for documents that you’re in need of quickly. The more organised and orderly you are, the easier it’ll be for everyone at your company to do their jobs. It’ll also help you sort through all your to-dos and see exactly what it is you can delegate out to others. A good rule of thumb is to avoid procrastinating and instead get ahead of the curve and know exactly what’s upcoming so you’re prepared to handle all that’s on your plate and know what it is you want to get done.

Learn from Others & Your Mistakes

Additional advice for you as a new business owner is to learn from others and your mistakes. It’s a good idea to find a mentor who you can turn to for guidance and input when you’re feeling lost or confused. Making mistakes is inevitable, but learning from them and changing your ways going forward is up to you and is in your control. Take notes and reflect on your decisions so that you can refer back to this information as you make choices going forward.

Essential Tips for Successfully Shipping Products to Indonesia

  • Written by Toby Edwards


As an Australian business owner who has their sights set on expanding operations this year, it makes sense to look into the potential for tapping into the Indonesian market. With a vibrant economy, savvy shoppers, and a relatively untapped market, there is a good chance that extending your sales to Indonesia could be the boost that your company needs.

To help you do it right, read on for the essential tips for successfully shipping products to Indonesia.

1. Research practical matters

As Indonesia is an island archipelago, in order to deliver products across the country, your goods will need to travel by ocean or air freight passage. For this reason, it is highly recommended that you take your time researching the current air and ocean shipping routes so that you know your options.

It is certainly possible to obtain freight forwarding services to Indonesia from almost every area of the world; but, currently, the busiest ocean routes come from other Asian countries, mainly China.

Furthermore, don't overlook the importance of becoming acquainted with some of the shipping and customs criteria for Indonesian imports. By knowing and understanding the requirements from the get-go, you can save yourself from wasting precious time and energy later on in the process.

For example, before being allowed to export goods to Indonesia, you must be enrolled as an importer and have an NIK or customs identification number. Also, you must have an API that functions as a license to import. This is essential for exporting to Indonesia.

2. Ensure that your products aren't restricted.

Along with the complicated registration and licensing procedures, the government of Indonesia also has a substantial number of restrictions and regulations on imports such as electronic products, cosmetics, food products, textiles, toys, and household appliances.

For some business owners, learning about these restrictions can be shocking and disheartening, particularly if they aren't used to this level of limitation. However, the reality is that if you can overcome the restrictions and learn to sail through the intricacies of Indonesian imports and exports, then you are in an excellent position to enjoy a market in which competitors are fewer than elsewhere.

 

3. Provide your customers with an enjoyable experience.

Keep in mind that Indonesia is undoubtedly an emerging e-commerce market with plenty of room for growth, which means that now is a fantastic time to start shipping to Indonesia as their volume of imports is going to continue increasing considerably over time.

For this reason, if you choose to start expanding your business to the Indonesian market, you want to be building an excellent brand reputation from day one. This means having efficient shipping processes and backup plans that work for both your business and your customers.

Moreover, to provide your customers with an enjoyable experience and to manage their expectations, you need to be transparent with them concerning the costs, delivery options, insurance, and your delivery and returns policies so that you don't ruin your brand image before you get started with your global expansion.

 

4. Work with professionals.

As customs in Indonesia can get complicated, it is highly suggested that you opt to work with a knowledgeable freight forwarder in Australia that can deal with customs on your behalf. If you are committed to providing your customers with the best shopping experience possible, then you want to be utilising the support of those who are already familiar with export and import logistics in Indonesia.

Armed with their professional knowledge, you are a lot less likely to have issues arise and, if they do, you can be assured that they will know how to resolve them quickly.

Have you ever considered starting to ship your products to Indonesia? How about elsewhere in the world? If so, what are your primary concerns about expanding in this way? Do you foresee any challenges with which you will need to deal with?

Let us know your thoughts and any questions you may have in the comments below!

 

AUTHOR BIO

Toby Edwards is the CEO of Shipa Freight and is based in Dubai. Shipa Freight is a new online platform powered by Agility that makes it easy to get air and ocean freight quotes, book, pay and track shipments online. Shipa Freight empowers small and medium-size businesses, taking the complexity out of International Freight Forwarding, making it easy to manage legal, regulatory and compliance issues, and offering convenient ways to pay to move their goods.

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