The Rise of the Spirit of Indonesian SMEs in the Digital Age

The Rise of the Spirit of Indonesian SMEs in the Digital Age - This can be interpreted as the use of digital payment gateways to prioritize more practical and faster non-cash transactions. In the current COVID-19 pandemic situation, all lines of people's lives have experienced significant changes in the way they interact and socialize. On the one hand we are faced with a change that requires us to be able to adapt quickly due to the pandemic situation, but on the other hand we are also faced with remaining productive in order to survive and sustain.

The spirit of SMEs in Indonesia has always been more "alive" than companies that are supported by the government and given more capital to survive in the midst of a pandemic situation. Every day I always see "SME entrepreneurs" who sell tempeh, tofu and display their stalls on the roadside trying every day without complaining due to the situation and some even don't want the pandemic to be an excuse not to try. Their struggle is extraordinary in the difficult situation we all face together. The spirit of SMEs in Indonesia can be further inflamed if during a pandemic situation like this all stakeholders and "SME entrepreneurs" can turn to digital platform services to further advance and raise the spirit of SMEs in Indonesia.

If this can be done, SMEs (Small and Medium Enterprises) - in this case Micro can support larger Macro businesses. The pandemic forces us to appreciate all the wealth in the archipelago more. It is time for us to pay more attention to the resources or natural resources that we have to be managed as well as possible by the state for the benefit of the people, not individuals, companies or corporations. This is the time for the Indonesian people to be more "consumptive" and to love domestic products and to utilize all available resources for our common interest.

The Importance of English for SME Businesses

The Importance of English for SME Businesses - It is undeniable to encourage the spirit of Indonesian SMEs that the role of English is very important to develop micro, small and medium enterprises. Knowledge of English in the development of SMEs is very vital in addition to the role of the government in preparing appropriate programs for SMEs.

Because they have to sell online, which sometimes they meet with foreign buyers. So SMEs must be prepared for it.

In the digital age, where there are no regional boundaries, the English domain is a must. Especially for business people because SME Master English is important.

As a step in the continuity of resource development activities, community dedication activities (Abdices), which are a continuation of the above activities with the subject of assistance for internationalization preparations.

Previously, the attendance program emphasized more on the introduction of creative industries in the international arena, advertising language and product descriptions in English.

Introduction to the development of small and medium-sized enterprises (SMEs). For the development of small and medium enterprises); and (2) effective English products to worldwide markets (Effective English English for worldwide marketing products).

Therefore, it is important for SMEs to understand English. At least understand English passively. Because by having sufficient English language skills, SMEs in Indonesia can break the distribution chain by understanding the required contract documents as well as being able to provide better services to customers.EF English First provides a Business English program which is an English course for students/adult students who want to improve their communication skills in English for business situations.

The teaching materials for this business English course include speech, negotiation and telephone speaking skills. EF Adults also uses training materials from Harvard Business School to help students learn more about business while learning English.

Through the EF Adults professional English course, EF English First has helped thousands of SME professionals and business people from hundreds of multinational companies around the world become more productive.

6 Profitable SME Businesses in Indonesia

6 Profitable SME Businesses in Indonesia - Small and medium enterprises (SMEs) are one of the driving forces of the economy in our country. In fact, according to the information I read in various information media, Micro, Small and Medium Enterprises (MSMEs) are the 'backbone' of the economy in Indonesia.

Small and medium enterprises (SMEs) in our country contribute about 60% of GDP (Gross Domestic Product) and also provide job opportunities for many of our people. So, the SME business in Indonesia will continue to grow and provide profitable business opportunities for those who like the entrepreneurial world.

Of course, all these obstacles and challenges do not stop us from trying to build our own business, because every business will always have its own challenges that must be passed. Now for those of you who want to start your own business, here we summarize some promising Small and Medium Enterprises. We can even run some of them with small capital.

1. Small and Medium Enterprises in the Culinary Sector

Culinary business is a type of business that is profitable and will always be in demand of all time. The reason is because food is a basic human need that cannot be separated from our lives. This culinary business also has many categories, ranging from snacks (snacks), drinks, to staple foods. All categories in this culinary business (snacks, drinks, staple foods) have very good potential, depending on how we market them.

2. Small and Medium Enterprises in Fashion

Similar to the culinary business, the fashion (clothing) business is a promising type of business and has great potential because it will always be sought after by many people. The reason is very simple, clothing is a secondary need for humans, and today's humans have many desires for their fashion. The fashion business has many categories that can be used. For example, the category of men's or women's clothing, Muslim clothing, Korean model clothing, and many more. One of the most successful Muslim fashion businesses is Jilbab Rabbani, which targets a specific target market for Muslim women. Jilbab Rabbani also provides an opportunity for retailers to benefit from selling their products by becoming a reseller.

3. SME Business in Education

Education is an important capital for the development of each generation of a nation. You could say a nation that pays attention to the education of their next generation is a nation that will be successful on all fronts. Education is so important and currently Indonesia still lacks quality educational facilities. Then this can be a promising business opportunity and can be utilized by those who have skills or expertise in certain fields.

4. Small and Medium Enterprises in the Automotive Sector

The development of the automotive world in Indonesia is experiencing very rapid growth. Just look at the increasing number of motorcycles and cars. Of course, this can be a promising business opportunity for those who are keen to take advantage of it. The automotive business does not have to be big, the important thing is that the results are profitable and long-term.

5. SME Business in Agribusiness

You must have heard the song Koes Plus "People say our land is heaven, sticks, wood and stones become plants...". Yes, our country is indeed famous for various plants that are used as food and other necessities. Starting from rice, various vegetables, various fruits, and other important plants. The need for food and vegetable nutrition certainly makes the agribusiness SME business in agriculture will continue to be needed by the Indonesian people. We can even export abroad.

6. SME Business in Technology

Internet It is no secret that the internet provides many profitable business opportunities for the people of Indonesia. Not only for those who already have a REAL business, but also for those who don't have a business. What I mean here is an internet business that is specifically built for long-term internet businesses, or usually called business startups.

Your Customers Are Online!

Your Customers Are Online! - Have you been avoiding digital marketing? Is it because you think you are simply not ready? Right Now. Today, Your consumers are looking everything by internet and mobile technology. Everything just on hand and their smartphone. 

When you have a small business, and its gets started, you often focusing on how to get first group of customers through the door. They may trust you since they know you product and services, but it’s only the time until customers will find way to reach their need. While this strategy may bring a trickle of business, there is a better and easier way.

Small businesses should consider the huge marketplace of their prospect customer which is mainly they are in online. 

We would share some benefit you get after your business on the internet. 

1. Create better communication between the consumers in your business. 
2. The ability your business to reach a global marketplace. 
3. You may save money for traditional marketing methods 
4. You can track responses to your marketing efforts immediately 
5. You have a better report on you online market as you company improvement 
6. Remember that you competitor also online so if you don’t want you left behind, you have to consider about you competitor doing. 

So, what you waiting for? Many of Start-up Company jump up to become giant company these day, why? Because they brave to change!

Getting to know the Financial Planner Profession

Getting to know the Financial Planner Profession - Today, financial planning as a career is becoming more and more well-liked. Wondering who they are and what they do? Come on, let's learn!

When you hear the term "financial planner," what comes to mind? Perhaps a person who is persistent in imparting valuable financial management advice so that others might reach a prosperous financial state comes to mind.

It must be acknowledged that, contrary to what many of us are aware of, the profession of financial planner or financial planner is not as well-known in Indonesia.

You could say that financial planners, along with the existence of international financial services corporations and independent financial planning firms, are a form of contemporary profession that has only recently become recognized to the general public.

It is impossible to separate the popularity of this profession from Indonesia's growing middle class. To be able to achieve the dream of financial wealth, the middle class group in Indonesia that benefits from economic production must overcome a number of financial obstacles. To make the most of a significant salary, appropriate administration is necessary.

However, financial literacy in Indonesia is still comparatively low, therefore it is typical to hear tales of people with sufficient incomes who were unable to achieve financial prosperity.

The ability to manage and plan one's finances in order to reach desired financial goals is what drives the growing need for the financial planning profession.

The significance of money management

Everyone needs financial planning in order to be able to attain the anticipated financial conditions. That's a happy, profitable situation. In fact, financial planning is required at some point during practically every phase of a person's life.

For instance, when you first start working (first jobber), you start to gradually wean yourself off of your parents' support. Planning your finances will be necessary in this situation so that you may attain your financial objectives, such as covering the cost of your future wedding or purchasing your first home.

When you first get married, when you become a parent, and until you retire, financial planning will become more and more important. The obstacles you face financially, for instance, increase when you become a parent.

Beginning with the responsibility to provide for children's everyday needs, prepare for the requirements of children's educational funding in the future. Not to mention the necessity of protection as a strategy to control financial risks affecting the family.

By establishing attainable financial goals, a professional financial planner's assistance might make it easier for you to manage your finances at this stage of life. You can use financial planning as a key tool to meet your current and future financial demands.

All of this is done with the intention that you may achieve financial freedom, which includes being debt-free, having a reliable income from investments, paying off house loans, and being financially secure till later.

Learn more about the financial advisor

Simply put, a financial planner is a professional who uses sound financial planning to assist people or families in managing various types of resources. A financial planner may assist you with more than just short-term financial objectives, insurance protection planning, and cash flow management. Retirement planning, investment planning, tax planning, and asset distribution planning are all parts of the financial sector, which is also the domain of financial planners.

In Indonesia, there are two categories of financial advisors. First, independent financial planners, or financial planners who do not have affiliations with or employment with specific organizations or businesses. Second, financial planners who are associated with or employed by certain organizations, such as banks, securities firms, or life insurance companies.

The Financial Planning Standards Board's competency standards must be met in order to become a financial planner (FPSB). If someone wishes to become a Certified Financial Planner, they must meet three common FPSB requirements (CFP). Next, there are Standards of Ethics, which are composed of 8 ethical principles and 37 ethical regulations. Competency Standards are attained through instruction (education) and assessments (examination). The Standards of Practice, which are mirrored in the CFP financial planning process's six phases, come last.

According to the Scottish Credit and Qualification Framework, a professional's competency criteria must encompass the following: knowledge and comprehension, practice, cognitive and numeracy abilities, communication skills, and job skills.

As a result, being a financial advisor requires more than simply financial knowledge and comprehension. Additionally, financial advisors must be proficient in both communication and math.

A financial planner's ability to accomplish his job is also constrained by a rigid work ethic. A financial planner must, among other things, prioritize the needs of his clients, refrain from giving counsel where he lacks expertise, avoid giving inaccurate advice, protect the privacy of client information, and so on. The CFP certification of a financial planner may be revoked if certain ethical standards are broken.

How a financial planner works

A financial planner typically completes the following six steps of financial planning while providing his services:

Set financial goals first. To properly complete financial planning, it is crucial to establish financial goals. The financial planner will assist you in determining your financial objectives at this point. Goals for money are also encouraged to be precise so that plans can be formed to reach them.

Next, gather pertinent information. Financial planners must also get accurate and pertinent data and information from their clients. Beginning with monthly and annual cash flow data, asset and liability ownership, customer risk profiles, and other pertinent information required so that financial planners can describe client conditions and what can be done to accomplish financial target.

At this point, a customer must be prepared to invest the time and dedication necessary to fully reveal all relevant information to financial advisers, even though doing so may be difficult and highly confidential.

Analyze the information. In order to ascertain the relationship between the customer's state and the goal to be attained, the financial planner will examine the customer data that has been gathered.

Create a strategy to reach the goal in the fourth step. At this point, the financial planner creates a practical financial plan based on the client's actual financial situation and the desired financial outcomes.

The financial plan that is created must be detailed, outlining who will do what when and with what resources. Here, financial advisors can also offer product or financial instrument recommendations that can aid clients in achieving their financial objectives.

Fifth, carry out the strategy. No matter how well your financial planning is done, if you don't put it into action, it will be for nothing. The financial planner is in charge of ensuring that the client follows the financial plan exactly.

Keep an eye on the plan. The financial planner needs to check on the customer's strategy one last time at this stage. Possibly, along with routine assessment every six months or once a year. This assessment is crucial to see whether any plans or tactics need to be altered as the client's condition changes or how successfully the financial plan has been carried out.

Financial planning will function well and accomplish its primary objective, which is to assist clients in realizing their financial goals.