Canggu, Bali: Useful Suggestions for Making a Life There

tropical villa

Imagine breathing fresh sea air to start your day and then sitting on black sand to end it. If this is how you want to live each day of your life, then move to Canggu, a resort village in Bali, Indonesia. Here are some tips for starting a life there:

Where to Live

One of the first things that you need to consider is your living arrangements. The resort village offers many excellent private rooms, apartments, and villas that you can rent for very reasonable prices. Plus, you’ll be able to live comfortably in the village because of the essential amenities, including restaurants, coffee shops, fitness centres, and laundry shops. There’s even an international school that your kids can go to in Canggu.

What to Do for a Living

You need a source of income if you’re staying long-term. Good for you if you already have a steady job that allows telecommuting. Otherwise, you can apply for a position in the village’s hotels and restaurants. Becoming a foreign language teacher or surfing instructor is another option. You can also make use of the co-working spaces there to do freelance work, like writing and web designing.

How to Adjust to Life

Finally, you’ll have some adjusting to do once you start your new life. This is especially true if you’re coming from a very different part of the world. You must get used to the weather, currency, and food. You’ll also probably have to learn basic Balinese to communicate with the locals and ride a motorbike or scooter to get around easily.

Relocating to Canggu can prove to be an excellent move for you, but you have to plan to better prepare yourself for the changes that it can bring.

How to Start a Franchise from Scratch

Couple thinking about a franchise

Starting a business from scratch requires a great amount of preparation and dedication. With a franchise, less effort is needed. But there is an option in between: franchising an existing business. In this article, we look into how to start a franchise. There is no need to think ahead with questions like “How will I grow my franchise?” or “How much capital do I need to survive my second year?” Let us focus first on building it from the ground up.

1. Plan and organize first

It is important that you know how your business operates. Your franchisees will replicate your business model, so they must be provided with everything they need to successfully grow your franchise. Author an operations manual that franchisees will follow. Create a strategic plan as a guide for growth. Also, do not forget to hire a mentor and a lawyer to help you with all the requirements of the franchising process.

2. Choose intelligently

When you choose a location and potential franchisees, be wise. You have to choose areas where more people can see your franchise units, where demand can grow organically for brand recognition, and where competitors are weak or do not exist for competitive advantage. Be strict, too, in choosing franchisees. They must have a good background, a natural business sense, and willingness to help you grow the franchise.

3. Build efficiently

With all your plans, locations, and franchisees in their proper places, begin to build your brand with efficiency of use. Your brand is your franchise’s greatest asset. Market it accordingly. Make sure that it is utilized with the right language, for the right targets, and by the right people. Protect it from misuse. At best, set guidelines for your franchisees to follow. They are bonded to the same purpose, so they must know how to use the brand properly.

Franchising your business is entirely a new business in a sense. But your simple idea of expanding your business as a franchise can become a great success if you prepare well enough to understand how your business works and how your brand will react to the franchise model.

Video Production: an Effective Online Marketing Tool

Woman editing video on laptop

Online marketing uses a lot of tools, such as apps and websites. One of the most critical and useful tools for a marketer is video production. It has grown and diversified since the first short clips were sent via e-mail more than 20 years ago. For online marketing professionals in Bromley, the question is how to use this tool to increase views and clicks effectively.

Growing Media

Video production has become the backbone of social media campaigns. Most people who have social media accounts use their cellphones for both taking pictures and for creating videos. This is a large market because those who post cellphone videos also enjoy watching videos made by others. Facebook, along with Instagram and Twitter, has made video production an integral part of their content. YouTube remains the second most popular search engine based on the number of daily searches. According to YouTube, mobile video consumption will continue to double every year for the foreseeable future. In terms of volume or bandwidth, videos will constitute 80% of Internet traffic in 2019. Expect online marketers to use videos to garner more viewership clicks.

Marketing Through Videos

Online marketers depend on videos for effective campaigns. Sending e-mails with attached or linked videos triples the click-through rate. Also, up to 90% of customers confirm that videos help them buy products or services. Almost two-thirds of online customers buy something after watching a video about it. YouTube remains the largest video-sharing site, but there are other sites for videos, including Dailymotion, Vimeo, and Livestream.

On the other hand, Facebook, the world’s largest social media site, has embraced video production to compete against YouTube. These tools have given Internet marketers a wide range of video options. The popularity of videos makes them a compelling choice for reaching audiences, no matter what social media site is used.

Internet marketers use videos as a cost-effective method to reach audiences. Their goal to make customers like and share their content is made easier with compelling videos.

How Much Do Americans Spend on Hot Dogs on the 4th of July?

There's good business with hotdogs on the 4th of July

Americans’ penchant for hot dogs become more noticeable every Fourth of July when people eat more of those than any other day of the year.

The National Hot Dog and Sausage Council said that as much as 150 billion hot dogs are eaten every Independence Day. A National Retail Federation survey showed that Americans had planned to spend almost $7 billion on food on the same day.

Buying a Franchise

Most hot dog sales might come from supermarkets and groceries, but running a hot dog business seems like a good opportunity to take advantage of high consumption. Those who are decided on buying a hot dog stand franchise should consider a company that offers the most available locations in the US.

This allows them to focus on the core operations of the business, instead of finding a good place for their store. While a franchise offers several advantages compared to starting your own business, you should be aware of the required investment.

Cost of Business

A 7-Eleven franchise requires an initial investment worth $37,550, which already provides you with an opportunity to sell more than just hot dogs. Other franchises, such as Hot Dog on a Stick, have a more expensive initial investment starting at $338,200.

Franchising fees are also another thing. You should expect to pay between $10,000 and more than $1 million for these expenses, depending on your contract with the franchisor.

These fees are simply too expensive for many aspiring business owners, but fortunately, there are cheaper options that you could try, especially if you’re new to franchising.

Unlike other businesses, demand for food has been immune to the impact of economic volatility. Most people will still spend on snacks regardless of the economy’s performance. How do you intend to take advantage of Americans’ love for hot dogs?

Small Business Accounting 101: Understanding the Balance Sheet

Understanding your cash flow, profit, and loss statement would tell you some things about your business. However, many small business owners tend to overlook a crucial measure that indicates a more in-depth view of their business’ overall health. This is called the balance sheet, and it’s one of the most vital financial statements since it shows a clear picture of a business’ finances.

What Exactly is a Balance Sheet?

A balance sheet is also known as a “state of financial position” because it allows business owners to know exactly what it currently owes and what it owns. Put simply, it details the liabilities, assets, and equity of any business at a particular point in time. As renowned accountants in Utah adds, it helps business owners determine their business’ financial ability and strength.

Neglecting to understand your balance sheet and failing to resolve issues that it revealed might result in daunting challenges for your small business. Likewise, as your balance sheet is more detailed than your cash flow or profit and loss statement, it uncovers plenty of the crucial of decisions that could affect your business’ overall financial health. These include incurred expenses, pricing and product issues, and sales and marketing performance.

What are the Three Sections of a Balance Sheet?

Your balance sheet has three sections — your liabilities, assets, and equity.

Liabilities detail what your business currently owes or would owe in the future, assets are what your business owns, and equity is the net worth of the owner. These numbers could be either negative or positive. If they’re negative, you should take the necessary steps to improve them as early as possible.

Generally speaking, your business assets should be higher than your liabilities so that your equity would be positive. This means that you don’t ever want to see the liabilities section of your balance sheet increasing faster than your assets.

Your business’ balance sheet is an extremely powerful tool that could tell many things about the health of your business’ finances. It’s comprehensive and offers a clearer snapshot of your business’ overall health. Ultimately, your balance sheet shows the exact worth of your business, so make certain that whoever does the calculations does it properly.