Buying Property in Bali, Is it possible for Expats?

In addition to beautiful and stunning beaches, Bali has a tradition and culture to be proud of. In fact, Bali is indeed the best attractive destination for tourists or investors. Every year more and more foreigners from various worlds come to the island of Bali and decide to settle down. Not a few foreigners who marry locals or build businesses in the local market. Foreigners can buying property in Bali for personal or commercial use. It should be noted that legally, foreigners cannot own property in any form. In fact, many foreigners own property using the name of a partner, or a trusted local resident. Consider a few things that are necessary before buying property in Bali.

Buying property in Bali for invest or stay

Customary land

This is not known by many foreigners or foreign investors. Custom land! Land with customary land ownership certificates are usually inherited based on lineage. It will be difficult to solve problems when you are trapped in a customary land dispute. Property on Bali has never lost its interest, but it’s a good idea to ensure that you don’t buy customary land.

Applicable Agrarian Laws (No. 5 of 1960)

Before buying property in Bali, you must pay attention to the rules of certified land ownership transactions based on the agrarian principal through the national land agency. The requirements for foreigners to get property are as follows:

Sertifikat Hak Guna Bangunan (SHGB) – it is explained that for property selector documents with a building rights certificate, it can build for a period of 30 years and can be extended for another 20 years. For foreigners, a building rights certificate can be the right choice. But make sure that your company is officially registered and complies with government regulations.

Sertifikat Hak Pakai (SHP) -This certificate is similar to SHGB with a validity period of 25 years, but the extension is up to 80 years.

Sertifikat Hak Guna Usaha – This certificate is only used for land used for agriculture. Document validation for this certificate is 25 years and can be extended up to 35 years.

Above is a glimpse of the regulations set by the government that needs to be considered when foreigners want to buying property in Bali. With all the regulations set are there any tips for succeeding in investing in Bali?

Get to know the local customs

It is important to know the local area before deciding to buy property in Bali. Each area and local custom usually have different rules. For that, it is better to get to know more closely in order to recognize the applicable regulations.

Due Diligence

It is important to know the legal status when you are going to invest either in a residence or business. Due diligence is important to conduct a comprehensive assessment of your investment. You need to know your rights and obligations as a tenant. Due diligence is also carried out to prevent you from being involved in a land dispute.

So from all the explanations above, whether the question of whether it is possible for expats to buy property in Bali has been answered. Make sure you have completed all the requirements and documents needed to expedite the process.

Open Plan Office: prospers the company and staggers the employees

The root of the first open plan office we can see this day dates back from the early 20th century when Frank Lloyd Wright has built an office for SC Johnson Wax in 1936. The concept of open plan office is one of the forms of modern co-working space. 

Open plan office is a brilliant idea that just being overrated these days. They have quickly developed and highly considered. Most of the companies try to copy the concept, though there are many things they have forgotten. It is easier to mention that they only focus on getting rid out of those cubicle walls. Open plan office was once a work of art which paid close attention to detail and constant flexibility.

Today, open plan office is perhaps a strategy conducted by companies to save the capital. Since every cubicle costs some money, they simply eliminate it. Many companies even mention the open plan office as a plus value in their job vacancies. They represent to the public that working in their companies is fun and comfortable. Please bear in mind that the pictures of elegantly built open plan office might not be as comfortable as they really. 

However, this is not the real intention of the open plan office in the first place. As the author of Scientific American, George Musser, said, open plan offices were invented by architects and designers who were trying to make the world a better place—who thought that to break down the social walls that divide people, you had to break down the real walls, too. 

While earning lots of compliments, this so-called open plan office is also receiving plenty of complaints. 

According to studies conducted by Harvard researchers, open plan offices are killing the productivity and not increasing the collaborative of the employees as it was intended for. The studies also find that the setting of open plan office has distracted the employees to focus and concentrate.

Psychologically speaking, this type of workplace apparently leads to a sense of being observed all the working time. Moreover, it also causes privacy issues and negative thoughts among the employees. Instead of encouraging interaction and openness, open plan office gives rise to insecurity and stress level. 

The modern type of offices like the open plan layout was developed by architects and designers to create a better working conditions. Just like everything in this world which has both good and bad sides, you can always examine and decide which type of office is best for you. 

Get to Know the Reasons to Start Your Own Business Right Away

There at least 2 main common choices people are doing to make money. Both are making money by starting their own business or simply just being an employee for the others. For some reasons, there are no right and wrong or best and worst of whatever decision you are taking. But most of the times, we have no power to undo what we have been decided.

The reasons to start your own business

Many people are working behind the desk at the office from earlier in the morning even up to late in night while the others are saying that starting and running their own businesses are making them even happier. It shows us that every choices have their own prices.

And since starting a new business will mostly sounds heroic especially for a “single fighter” one, then let’s have a look to what’s actually you need to know about the right reasons to start building yours.

1. You believe that everyone have their own opportunity in business

All of us have our own knowledge, experiences and skills and all of that can be offered to the others as a business. Even though you won’t offering your own business services, creating your own product is even get easier today than before. We have been surrounded by the innovative technology and tools for so long and creating products should never been an issue.

If you need to grab the business opportunity, make sure be real with that and don’t exaggerating the value.

2. There will always be the creative and innovative rooms for your idea

Working under pressure is not actually a problem if you are flexible to think and do anything possible. If not, then you will know how hard the headache can be.

Starting your new business giving you more room to think and act creatively in a way you have never been before.

3. More flexibility to come

If you are dreaming on working at wherever and whenever you want, starting your own business can be an answer especially if you are into the digital business.

You will only need to know what your customers need and when they are need it. But, you should know that starting a new business can be hard sometime and you will even can spend more times on working something. But from what I have seen, it doesn’t matter since that is truly your passion.

4. Start a new business is challenging. There will be a time when you will know your limit and know how to deal with it

For many people, starting a new business can be a ‘learning by doing’ business as well. You will mostly do anything by yourself. And we have been knowing that there will always the limitations for everyone in doing things. But when you think that all of your efforts and budgets are reaching their limit, you will be decided whether or not to continue the business.

But at least, it is something you need so you will know your weakness and will find out ways to deal with it when there will be such things in the future.

5. You are getting excited in pursuing your own dream

Dream is what everyone has. It is free but need your efforts in the same time. Starting anew business is not always about how much money to make or how long does it takes to be the rich, it all actually about pursuing your lifetime dream and you will die for it.

You will be surprised that you can work harder and even smarter than before without being burdened by all of the hassles. Because you are passionated and excited to all the things you are working on.

Starting a new business is not a perfect option but it can be the worth living decision you have ever made for your life. While working behind the desk at the office will always be a recommendation for certain condition, if you have no idea what you are going to do in the future, you’d better starting your own business step by step from now on.

Why All Businesses Should Grow Their Social Media Presence?

Social media can be a way for us to keep on connecting to each other but it is also supporting on how to grow any kind of businesses especially to ensure that they are also existing and the customers can find them on social media while chatting with their friends.

There are many “places” where the internet users will be on internet. Some are opening Google while typing what they need to find out, some are streaming an online web-toon, some are scrolling up and down through their social media feeds, and so many things are happening in other platforms as well.

And mostly, social media is one of the popular places where we can find so many internet users in the world and they are really connecting to each others through several kinds of engagement types (like, comment, share, etc) for even hours a day.

Reasons to use social media to grow your business

One of the classic but important basic business lesson you should always remind yourself is; where there will be the crowd, there will be the money. Social media is one of the most crowded place on internet and you can always offering your business there anytime.

Social media is important to drive traffics for your main business site

Building a business means that you are also building your audiences. One of the common way for that is gaining the visitors by building the business site. And the two common ways to get traffics are waiting your site to be visited through search engines organically and share your business offers through social media where you can even get the traffics in seconds right after sharing the pages.

Sharing is a reminder for your customers that you are still running the business or you have been created the new innovation for your products.

Doing that is also means that you are maximising the use of social media and optimising your main business site since social signal has been a SEO factor in ranking the site.

To know what’s your customers have in mind about your business through social media engagements

If you are sharing your business thoughts or products to social media, it can be a way how to know about what the others are thinking about your business through engagement sessions.

You will know how many users are loving your business posts, how many of them are involving in a small discussion on comment session, how many shares your posts have got, etc.

The more interactions you get—apart from the pros and cons it has—let’s just be positive while assuming that apparently the more people (customers) are caring about your business.

Build your business brand and start reaching out more customers

There have been so many creative and innovative products or services until today but how many of them are still surviving?

Creating the best business is not enough to make it bigger and still available for even the next years. You will also need to know how to promote and market the business so people will still know about it while keep on upgrading the quality of services, finding the new innovation, etc.

Social media can be a platform where you can keep on interacting with your customers while building your business brand so the more people will know about what your business is about and how does it helps them as well.

The more people will know about you, the easier for you to spread your business information. At the end, it will also contribute in getting the more customers for your business.

Some popular social media platforms have been serving ads for years

You must have been knowing that you can put your own personal or business ads on YouTube, Facebook, Twitter, Instagram, etc right? At this point, we should have realised that they are not just as simple as connecting with friends and family. But social media have turned into the business platforms as well especially for their ads services.

You can now are even more possible to reach more customers on social media through natural post optimization or paid traffic.

In fact, there have been many social media services to help out the business owners in reaching their customers just like what the social media management Bali is doing.

Dealing with content creation and publication is not an easy thing. Interacting through engagements can also spend your time for even hours. Planning the ads budget and optimize the ads as well as its budget are also challenging. And more things to deal with where some of the business owners will usually think that they are better to hire such services.

Therefore, if you are just starting the new small business or even have been building the giant one for years, you will find many proves that any kind of businesses should have been using the social media platforms to grow theirs since the beginning.

Should You Run A Franchise Business or Not?

There are some ways for businessmen to run a business. At least, there are common 3 ways how they are running it which are starting the new one, joining in the other business and buying a franchise business and start selling the products.

Should you run a franchise business?

Any mentioned ways have their own advantages and disadvantages and that’s what we are going to talk about in this case especially for the franchise business so you will know whether or not you are going to run such business.

Advantages of running franchise business

  • Mostly, the brand and all the products of the franchise business has been popular and well known by the customers anywhere or at least at the big cities. It will be helpful in saving the budget in promoting the business brand and products since the main company of the franchise business have been promoting it since before.
  • All of the raw materials and the product stocks have been provided and all you need to do just focusing on selling the products. You can then will only have one target in running the franchise business so many people are even starting it by their own without any helps by the others not even need to think about setting up the employment.
  • In general, franchise have higher possibility to get success than building your own start-up. Have you got a single prove by yourself that you are successful in starting a new business? Franchise business have more proves than you think and you can be the one as well.
  • Save more money than starting a new business. Considering that you won’t spend more budget in promotion and others, that can really be a good start to save the budget. Franchise business will save your time as well in the first place since there are no many things you have to research.
  • You mostly will get the proven business management and strategies as well as the ongoing support from the main company or factory.
  • You will get a bonus. Mostly, for certain sales you can reach in certain time, you will get a bonus. Even though that franchise business is not a multi-level marketing business, but you will get a bonus, too.

Now, here are the disadvantages

  • You will need to find the best location to run your business. In other hands, most of such places have been rented by the others.
  • Most of the franchise business can’t be sell online. Even though it can, the products may not what you are interesting in.
  • Running franchise business means that you are also building another business brand. Although you are not spending out a single budget for promotion, still, selling the products will allow you to tell the customers that what you are selling is the best for them and not the others.
  • Sometimes, you can sell the products with your own prices. If you do and the company will know, you are possible not to be their business partner in recent time as well as in the future.
  • You will sign the agreement that feels like intimidating your own creativity. The ways you are running the business are possible not suiting your ways.
  • If the other same franchise business will have bad reputation for some reasons, yours can be affected too because it has the same brand.
  • If a business will have more franchisors, it can be harder to make the agreement that can be fear for everyone. In this point, if you are running the franchise business, you may won’t be as creative as you need because of the limitations.

Knowing the above advantages and disadvantages of franchise business hopefully will help you to define whether or not you should dive into the business.

One important thing that I need to tell you is that all of the numbers of advantages and disadvantages on above are not defining how best or worst the franchise business is, so you’d better be wise in reading the lists.

Resolving Dispute with Your Tenants

Running property investment business such as rental property is promising but challenging at the same time because it means you need to maintain good relationship with your tenants. It is not an easy thing to do. Some landlord were getting too carried away with building relationship agenda which disadvantaged them at some points. Some landlords were too ignorant to care about building relationship with tenants to the point they would even feel awkward to just say hi. The best thing to do is to maintain business relationship. It is also recommended to draw clear line if you rent your property to friends or families. Thus, business stays business.

Dispute between landlord and tenant

Maintaining good business relationship with tenants is not easy. Of course, you have the tenancy agreement and all to make it clearer about what yours and your tenant’s right as well as responsibilities. However, sometimes having dispute with your tenants is inevitable. The causes are varied. Sometimes, a dispute can start from small thing like harmful complaint from tenant whether it is about the maintenance or about other tenants. If you cannot deal with it very well form the start, it can build up until it create a dispute between you as the landlord and the tenant. That is the last thing you should wish for from running a rental property.

Basically, every problem has its solution. However, it also depend on the situation on what kind of solution is the best to solve the problem. If the problem is not too big, it is highly recommended to speak verbally by sitting in the same room and having peaceful conversation. It is important to talk through everything so it is clear where the root of the problem is. By identifying the real problem, you can find the right solution for both.

Resolving Dispute with Your Tenants

If the problem cannot be solved by sitting up together and talking, you may need third parties for mediation. This is important because you may need someone who is unbiased to see the problems clearly and find the best solution. Make sure to find the third party for mediation that you and your tenants agree to avoid another dispute.

It is also important to not give in your ego. If you are open to compromise, more solutions are possible to find. It is highly advised not to easily raise your voice no matter how right you think you are. If the dispute is caused by one tenants having arguments with other tenants, it might be more complex to resolve because then you need to be the mediator to solve the problems.

If the dispute that you have with your tenants cannot be solved by discussion or real talking, you or your tenants (whoever feels wronged) can submit a form to body corporate. Everything will be handled through legal courts. Remember that this should be the last option. This can be costly and takes time to solve. Therefore, make sure to deal with every complaint well to avoid any dispute between you and your tenants.  

How to Become a Savvy Developer in Property Business

When you decide to take property development as your path in the business, it means you are no longer a simple investor. It means you are also a developer, which requires you to have certain characteristics to guide you to successful business.

How to be a savvy property developer

You see, property development is a pretty complex strategy in property business that not everyone is able to make it through.

Even experienced and seasoned developers often suffers from some hassles here and there. It is right to say that property development project is challenging. If you are ready to take the challenge, you need to be prepared, mentally and physically because once it come out successful, everything is paid off.

Become a savvy, successful developer

Savvy and successful developers are not born. However, they are not created in a day or two either.

There are many factors contributing to one’s success in property development. It includes the combinations of great attitude, education, experience, and the ability to reflect. Here are things for you to figure out how to become savvy, successful developer:

  • A good developer should work hard and smart. Work hard help you to keep going while work smart help you to choose more efficient way. Since property development is not an easy feat, you also need to learn how to build your patience. There is no way development project can be finished in few days. It can take months until it is finished. Throughout the process, you may encounter many problems. However, you will be able to go through with all if you have unlimited patience within you.
  • Another things you should possess to become savvy and successful developer is focus and determination. You need to be tenacious so that you don’t have time to think of quit or giving up. You need to have burning determination driven by your own goals so that you can keep going with high motivation. Property development is not for the weak, that’s for sure.
  • The next quality you should have to become savvy developer is creativity. You see, property development is a challenging feat. There are always risks following every step you take. However, you will survive if you can think creatively of way out and strategies. Creativity means you have invisible weapon to use when the others cannot even see because it is within you.
  • Savvy developers are those who have the time required to manage the project. It means, once you jump in property development, you need to commit to it. There is no time for procrastination either because everything needs to be done efficiently.
  • As mentioned earlier that education is one of the most important things you need to have to be able to manage property development project. It is true because there are things that cannot be solved by money only. Sometimes, they need the right knowledge and information to be solved properly. That’s where education hold such important role. Make sure to invest yourself in education before you invest in property development.

How to Survive From Slower Property Markets

There is always ups and downs during your journey in running property business. The road isn’t always smooth and you will always meet bumps here and there. However, it doesn’t mean you should give up easily during those situations.

You must have known that property business is not for the weak. If you involve in property business, it means you have to be ready with any kinds of possible situation you will face in the future.

How to deal with slower property markets

One of the challenges would be slower property markets situation. Remember that property market has its cycle. Of course, your success doesn’t depends on solely on the cycle. And there is no guarantee to success if you calculate every cycle either.

Dealing with slower property markets

The value of property in its market can rise and fall. It is a challenge every investor should face. Instead of avoiding the situation, you need to be more prepared to deal with it. Here are some tips to survive this particular situation:

  1. When you decide to invest in property business, what you are buying is not the market but particular property in the market. Instead of focusing on property cycle, it is more important to focus on buying an investment grade property. Tis will help you a lot during slower property market. Investment grade properties are those with strong demand from potential occupants, and has a level of scarcity. If you buy this type of property, slower property market will have less impact to your investment.
  2. Another way to survive from this situation is to ask for some advices from professional advisers. Most investors like to ask for free advice. However, it is more recommended to ask for the real advisers who have reliable knowledge as well as experiences. Thus, their advices will be more reliable and applicable as well. Asking advice from those who have been through various property market cycles will be very helpful and worth your money.
  3. Make sure to keep long term perspective because financial freedom through property investment doesn’t happen overnight. It can take ten years or more before you truly experience it. During those time, you will experiences some turbulences including slower property market. However, your long term strategy will keep you moving forward to reach your goals regardless the situation you are currently in. property market cycle might affect your short term goal but it shouldn’t affect your long term ones especially when you have been armed with long term strategies.
  4. With clear financial structure, slower property market won’t affect your investing that much. Thus, make sure to set and plan clear financial structure from the beginning to prepare you for any kind of situation you might encounter. Therefore, you will still have your cash flowed even during slower times. Planning financial strategies requires you to seek advice from professional. That way, you have clear vision and be more ready to the ups and downs in the property markets and its cycles. Knowing your finance is one of the most important keys to survive slower property markets.

Food Business Ideas in 2019

Nowadays, the food business is at its peak. Most of the people, especially youngsters, open up food businesses. From fresh food to processed food, you can get all of them now in the market. As we all know, food is very important to us. Not to mention if we are a busy person, we will somehow eat some fast food every day from breakfast to dinner. This is the reason why the food business is at its peak. Instead of cooking, most of the busy people tend to buy cooked meals or canned foods then cook them in their house. If you are interested in opening a food business, keep on reading this article. We will be giving you lists of food business ideas in 2019. Let’s get started!

Food Business Ideas in 2019

Canned Foods

The first food business idea which you can open is the canned food business. As we have stated before, most of the people tend to buy canned food then cook them at their house to save time. You can make canned soups, canned tomato paste, canned fruit, or other foods that you mastered.

Pasta Production Business

The second food business is making pasta. If you love to make homemade pasta, then you can open this business. Most of the people in the world love to eat pasta. Be it homemade pasta or store-bought pasta. Fun fact: you can open two businesses in this case. You can open a pasta restaurant with your homemade pasta and make your own packaged pasta and sell them in the market.

Dairy Food Business

Do you have a cow ranch? Then you can open up a dairy food business. Everyone loves milk, cheese, and yoghurt. Moreover, if the milk, cheese, and yoghurt are fresh, many people will love to buy them. Because of its popularity, you can make your signature cheese, milk, and yoghurt. Once you are able to make your own cheese, milk, and yoghurt, you can sell them in the market.

Wedding Catering Business

The wedding catering business is another food business which will give you tons of profits. In this kind of business, you will be required to offer catering services during the wedding ceremony. It will even bring you more profit if you are cooperating with big event planners. Your wedding catering will be famous and many people will use your service thus bring you many profits.

Food Delivery Services

Although this kind of business does not get in contact with food directly, this delivery business can still bring you many profits. For your information, not many companies able to provide their employees with a canteen. That is why they use the service of food delivery to buy and bring food to their company. Also, this business does not need a lot of budgets. You can start this business even if you only have a low budget.

Those are the lists of food businesses which you can do in 2019. If you have skills and confidence, you do not have to worry about your food business. Start one of these food businesses and earn your money!

6 Top Business Development Skills You Should Have

Business development is a job which you have the responsibilities to guide the development of your company. You should have adequate capabilities to evaluate the current business performance and determine which aspects it can be improved. Improvement can only be started after you are able to identify the opportunities, and build relationships with allies and business partners as well as maintain it in long-term. 

6 Top Business Development Skills You Should Have

Business development jobs typically need strong skills in math, information technology, communication and you should already have experiences in marketing and business management. With those experiences, you will have expertise in a particular industry. Having thirst of knowledge is another big help in this field. These are the top important skills that should be owned to be appropriate for business development jobs.

  • Communication Skill

If you want to enter the business development field, you should possess a strong communication skill. From making a cold call, continuing long term relationships, to present the ideas and information to stakeholders and colleagues.

These activities demand proper skills of speaking confidently and writing clearly. But, when it comes to communication, you should also be able to listen with an open mind and emphatic, so you can identify other concerns and needs. Being able to work on a team is also vital for you to do this job.

  • Strategic Skill

A strategy is one of the most important tasks in business development. A good and practical strategy can only be comprised of a strong sense of precedence, great research skills to fully understand the situation and rational thought. You should be able to make a plan that is worth for months or even years. This is not something that everyone can do, but you can always learn how to make it.

  • Negotiation Skill

Business development has a tight relation to negotiation skills. Whether you are trying to lower prices, make investors approve your proposal or offering support, you have to know the best way to convince them to do such things. 

You may realize that there is a faster way to influence people but, it’s an actually bad method. However, ethical approaching will work for the long term as you can find the common cause and earn their trust. In order to master negotiation art, you should have a great understanding, prioritization, creative thinking, and most important, thoughtful and sincere demeanor.

  • Business Intelligence

Business development doesn’t only require you to have a deep understanding of your own. You should also have better knowledge of the competitors as well as the whole market. To gain knowledge as much as possible, you should collect and analyze all data, thus listening to each information with an open mind.

You should be able to determine which type of campaign that will be responded by certain market segments, how big the market, and how is the market changing. Get a full grasp of the current situation from trends and statistics.

  • Project Management Skill

It is common sense to see business development as a major project. It also means you have to own the same skills like project management leader. The abilities will vary from establishing timelines, setting goals, managing risks, delegating tasks, creating and sticking to the budget, also managing team.

  • Computer Skill

At first glance, you may be wondering why a business developer should have computer skill. But today, research, communication, and analysis are all processed by a computer. Mastering the basic program will allow you to take full advantage and enhance your potential.