Category Archives: Business
Traveling is definitely one of the few things that everyone should consider doing. One of the many purposes of travel is to fulfill the need to unwind and relax in between the busy day-to-day routine. Another great function is to spend precious bonding moments with family and friends every once in a while.
But for those who may seem to be running low on budget and feel that it’s impossible to plan a vacation without having enough money on hand, there exists one convenient solution, and that is to use a credit card for all your traveling expenses. If you wish to travel around Malaysia using your credit card only, read on to know how to achieve it.
- Book a flight online and charge it to your card
Most (if not all) airline companies have their websites where you can book a flight using your credit card. In addition to the convenience of booking a flight from the comfort of your home, paying with your credit card online also means buying ahead and paying for it monthly afterward. Another advantage is that you can always plan ahead and avail of promos and discounted fares during low peak season.
Once you arrive at the Kuala Lumpur International Airport (KLIA), head straight to the Premium Lounge where you can avail of countless benefits using your credit card. Get free entry to exclusive airport premium lounges, free travel insurance, and even free limo rides home from the airport. The Plaza Premium Lounge is open to all passengers where they can take advantage of complimentary food and beverages, relax in the lounge complete with cozy sofas and TV screens, refresh using free showers, and enjoy basic business services and internet. If you don’t have the credit card yet, you may click this link https://ringgitplus.com/en/credit-card/free-lounge-access-KLIA/ to apply for your own.
- Take advantage of tourist packages
A lot of travel agencies accept credit cards for their touring services. The products they offer vary widely and may include hotel accommodation, transportation, entrance fees, and even meals. With this, you’re sure to have everything you need even if you have little cash on hand.
Going to and traveling around Malaysia is possible even you don’t have that ready cash, just one swipe of your credit card, and voilà! Everything’s ready for you!
When you don’t have a job or just lost one, a personal financial crisis looms ahead. Managing your savings until a new job prospect comes along is quite challenging. Besides having to limit personal spending, you need to look for other ways to at least stop your funds from drying out while waiting. With financial uncertainty, your likely option is to inquire about high-interest deposit accounts – in case you have savings.
However, if your savings is scarce and no steady stream of income is forthcoming, it would be in your best interest to act decisively. Start managing your funds and follow these tips for proper direction.
Where to Start Managing Your Finances When You Don’t Have a Job
- Scale Down Spending
Your first call-to-action is to control your personal spending. The loss of a job means you no longer have disposable income to spare. A lifestyle change is definitely in order. Avoid spending in little pleasures at all costs. Your spending is down to the necessities, as it’s the prudent way to start managing your funds.
- Work On A Budget
When you didn’t care about budgeting before, working on a budget this time is the only way to go. Set a budget to allocate funds for specific use only. Accounting for every cash outlay will begin a habit of cautious spending. If successful, you will see that things are affordable after all because you’ve accounted for every expense.
- Avoid Debt
There is a strong tendency to borrow when you are tight on the pocket. Remember that the absence of a steady income and additional loan to be repaid will only worsen your financial situation. Understand that you are already in a tight fix.
- Apply For A New Job
Waste no time in searching or applying for a new job. Your objective is to bounce right back to mainstream employment. Take your network list or contacts as there might be people on your list who can help you find a suitable job. Think of your situation as a temporary setback.
- Update Your Resume
Looking for a new employment is looking for a fresh start. Update your resume by enumerating the things you have accomplished since your last work. Include your new skills and qualifications.
The rules on personal finance never change. Spending beyond your means is the basic ‘not to’ in money management. When you lose a job, and financial disaster hits, you have no one to blame but yourself. Make saving a habit and learn to place your money in high-interest deposit accounts. A lot is at stake, including your future.
Advancements in technology have completely revolutionized the way businesses are run and managed today. One of the sectors that benefited the most from these developments is the human resource department. Technology has been instrumental in the creation of various tools, resources, and business strategies which managers utilize to improve the morale and productivity of their subordinates. Below are some of the ways in using technology to build better teams of workers.
- Use it as a recruitment tool. Technology now plays a very important role when it comes to finding new employees. This is especially true for companies which allow employees to work off-site. Using the internet to find new recruits has a lot of benefits. One, you have access to a larger pool of applicants. Two, you have the flexibility to check and confirm the credentials of an applicant before you decide of bringing him into the company. And three, you don’t have to spend on wanted ads to be printed on newspapers or broadcast on television/radio.
- Use it to train both new and established employees. Before the invention of the internet, employees are trained using traditional methods such as seminars and team-building activities. The landscape has changed now because there are several other ways on how to sharpen the skills of your workers. There are software programs that enable you to train or update the skill set of your employees. Such programs may include video tutorials, webinars, games, or podcasts. What’s great about these training resources is that workers can go through them at their own time and pace.
- Use it to encourage employees to collaborate and accomplish tasks as a team. As a manager, the question that you must contend with at all times is this: How can HR create value for a business? Technology has made it easier to answer this question. Value in the perspective of a manager means harmony and healthy relationships among the employees. You can achieve these by using technology to keep your employees close. Encourage them to collaborate using online tools such as social sites, messaging boards, and even mobile applications. As long as an online tool helps them in accomplishing their tasks, you shouldn’t intervene.
It’s almost impossible to manage a business these days without using any sort of technological tool or resource. So what you need to do is embrace the developments and use them to your full advantage. Following the tips discussed above would be a great start.
Are you worried that employee engagement in your business is plummeting? Office productivity is going down. Employee turnover rate is going up. The workers look stressed-out. These are just a few of the signs that there’s an engagement problem among the ranks of your employees. The moment you notice these signs, you should work towards fixing the problem before it morphs into even bigger problems. In short, you should make increasing employee engagement a strategic priority in running your business operations.
To help you get started, here are some practical methods on how you can encourage your workers to be more engaged and involved in the operations of your company:
1) Be more hands-on in managing your workers. People respect and trust bosses who go the extra mile to connect with their subordinates. A simple gesture like giving a thank you note for a job well done can go far in boosting an employee’s morale and confidence. This in turn will encourage the employee to work harder and be more invested in his duties. It’s about leading by example. If you are an engaged boss, you will have engaged workers.
2) Nurture an open form of communication. Communication is the very foundation of engagement. Your employees shouldn’t feel any fear about reaching out to you. They should be free to comment, suggest, or complain about anything related to their job in the company. When workers are not allowed to speak up their mind, that’s when disengagement starts.
3) Encourage collaboration. This is a strategy for employee engagement that’s also very helpful in emboldening innovation. That said, you are hitting two birds with a single stone. When employees have the liberty to band together and work in teams, they’ll develop a sense of belonging. They will feel the importance of their work. They can better see the value of their contributions to the company.
4) Actively seek comments and suggestions from your employees. Again, this is about sending the message that they have a say in the business and its operations. Are there things that they want to be improved? Maybe they know of a potential market that can be tapped. Maybe they have questions about the division of responsibilities in the workplace. By actively seeking feedback from your employees, you’ll find it easier to determine the problems. It will also be easier to find the solutions to fix them.
5) Recognize and reward those who do excellent work. Give your employees a reason to be more invested in your business. They will be more engaged if they truly believe that their work not only benefits the company but their careers as well. It strengthens their drive to become better employees.
In today’s business environment, employee engagement is one of the keys towards achieving success. Your company is only as good as your employees. Nurture them and they will nurture you. Make their jobs more meaningful and better appreciated. They’ll reciprocate by working harder thus contributing more to your company’s bottom line.
Give yourself a pat on the shoulder if you’ve decided to pursue a career as an entrepreneur. The journey is rewarding both personally and financially. However, it doesn’t come without its own obstacles. For entrepreneurs working to make their mark in the eCommerce industry, particularly within Malaysia, here are 5 useful tips that should be taken to heart.
Many aspiring entrepreneurs fail to plan for the long-term while others fail to plan at all. They buy a book or pay for training and then just dive right into it. This is a bold strategy for passionate entrepreneurs, but is not always the most effective way to introduce yourself to the market. Instead, know what you are doing and what you plan to do in the following year or two.
If you aren’t making mistakes, you’re probably doing something wrong. Though this doesn’t necessarily mean you should intentionally make mistakes, an online entrepreneur should not be afraid to take risks that could cost him/her money, time, or labor. If you do make mistakes, learn from them.
It is less expensive and more fruitful to make mistakes early as opposed to encountering them in the future when your business is already well-established.
Ask For Help
Sure, you’d want your brainchild all for yourself, but the reality is businesses reach scales that no single entrepreneur can handle by himself/herself. For web-based entrepreneurs, seek physical company incorporation in Malaysia by hiring professional virtual office providers. Having a physical headquarters makes your brand more legit and trustworthy in the eyes of local consumers.
Get Professional Web Design
Your website is the first point of contact with your customers. If it looks poorly constructed or lacks the vigor to excite customers, your sales and bottomline P/L will suffer year after year. Start the right way by getting professional web design and development services. You can either provide a draft of the design you want for the business or have the professional create one for you from scratch.
Offer Relevant Content
Different markets foster different audiences. Consumer demand in Malaysia may be slightly or completely different from consumer demand in U.S. states. Know your audience by conducting thorough research, surveys, and polls to accrue data regarding your target market. Furthermore, take the time and effort to visit ground level and meet your customers in person. This gives you a better understanding of who your ideal customers are, what they think about the product/service, and what opinions or thoughts they may have regarding your brand.
The road to building a well-established online business can be physically and mentally demanding. But having a plan and knowing the market space simplifies the process of building a profitable brand that can withstand the harshest economic conditions. In addition to these technical tools and resources, your personality and attitude as an entrepreneur will have considerable impact to your endeavors. Make sure you evaluate yourself and your suitability as a CEO before you enter the space.
Scan through the online or print newspapers and one can clearly read about incidents of crime and concerns over rising violence in Malaysia.
This reminded me of a conversation I had some years back when I was in London. At an evening out, the conversation shifted to where I was from and what I was doing in the UK.
That led to one elderly gentleman reminiscing about a long-gone era when the British could leave home with their doors unlocked and needn’t fear burglaries happening, but not anymore.
The gentleman was not being racist. Far from it, he said the current immigrants to the UK from Sri Lanka, Bangladesh and other third world countries had actually improved English cuisine. However, he was upset that the new immigrants flouted the law with impunity as well.
Inspiring Story: Datuk Vinod Sekhar
Reports and statistics back then – and this was sometime in 2002, showed that these immigrants were mainly caught for petty crimes such as riding the underground without buying a ticket, stealing money from newsstands, and the like.
I am not sure what the situation is in the UK today, but if our media is anything to go by, the rising number of crimes in Malaysia is by no means petty. Shootings, murders, rape, and snatch-theft with deathly consequences … the list goes on.
Whilst I would love to blame the police like most do for the current situation, we must ask ourselves if we are doing enough as individuals to curb crime?
My neighbour, Chong, says yes we are, because he purchased mobile phones for all his three teenage school children so they can call for help if they were ever in trouble. Will this really help if, God forbid, any of them were kidnapped? I doubt it.
I believe we should take precautions and be aware of our surroundings wherever we are. I fear this is not happening. How often have we seen near accidents as people walk the streets while texting on their phones?
Interesting Reading: Petra Group
Such occurrences are common enough. So what’s to stop anyone making off with a young lady’s handbag whilst she texted away? This is precisely what I mean when I ask if we are doing enough to curb crime, or are we instead inviting it?
Statistics prove that crime in any country gets worse when the local economy slows. So we can expect crime in Malaysia to grow in tandem with the waning economy. My advice is to text less, keep a lookout wherever you are, and be aware of your surroundings. You just might save yourself from becoming a victim!
See Also: Green Rubber Global