You Can Travel And Manage Your Business

Office, Meeting, Business Partners

Whether it’s following up on work, assigning tasks, checking on your company mail, or merely replying to customers, it can all be done from your cell phone.

Yes, it is that simple. But do not go running home or rushing off to your next vacation destination just yet! We need to establish how you can get all of this done and much more without being at the workplace. Keep reading to discover the key factors you will need to think about when managing your business while traveling or being off.

Key Factors to remotely managing your company:

Everyone doesn’t need to be huddled up at the conference room to conduct a good meeting; you can get distant employees, freelancers, and workers at the office all in the same meeting with only an internet connection.

Now meeting on a daily or even weekly basis can be difficult as you’re traveling since you’re mostly busy and have other things to tackle. However, meeting with the supervisors weekly or bi-weekly will guarantee your presence in the office and confirm your oversight on all business matters.

You can easily conduct meetings through Skype or Google Hangouts where everyone can see each other and even share files if necessary. You can even use Google Slides for presentations or Team Viewer to share your monitor with everyone for demonstration.

Make certain to regularly interact with your employees wherever you are and build close relations with them which can evolve into trust. If this is accomplished, you will never need to worry about business when you’re away.

You being away from the office should not mean work does not get done or is on pause. Technology created a solution for slacking or lazy employees, time tracking software. This sort of software lets you track employees working hours so you’ll always be updated with who came late or who worked overtime.

Employees will have the ability to track their changes, breaks, and leave notes in their work progress.

There are various kinds of time tracking software, some are basically focused on monitoring working hours such as ClockIn Portal that generate timesheets and can be integrated with payroll systems.

Others include a project management feature like Zoho Projects in which you can share projects, assign tasks, and follow-up on jobs.

You can also use essential project management software such as Basecamp or Asana that mainly focus on getting work done effectively. Project management software permits you to assign tasks, update them with comments, set deadlines, add attachments, and mark them as complete. With a straightforward tracking way of working hours and work progress, employees will feel obligated to stay focused and get things done quicker.

Manage Business Mail Instantly:

While traveling, your mail is something that you should not forget about. Neglecting your email for even a few days may result in problems. Unattended mail can be important contracts from customers, documents from partners or investors, or feedback from your customers.

With a virtual mailbox, you can take your mail with you wherever you go.

A virtual mailbox is a mailbox that you can access online and handle your mail. The choices vary from shredding any document or forwarding packages to opening, archiving, or downloading mail in just a few minutes. Your mail is delivered to secure mail facilities in which the envelope is scanned and uploaded into your own cloud-based mailbox that you control.

So not only is it remote access to your important mail, but it removes the need for a mailroom! This implies lesser paper storage, no mail operators, and quicker mail operations, a win-win for you and your pocket.

Now, you’re ready to go!

By following these three variables, you can manage your tasks and still have time to enjoy your vacation!

Palm Oil Plantation Business in Indonesia: How to Get Started

Oil Palm Fruit Bunch Tree Vegetable Oil Ho

Palm Oil Plantations are a really lucrative agricultural business for agriculture entrepreneurs and companies to invest in. The potential in this business makes palm oil one of the largest revenue streams in Indonesia. After the President of Indonesia Mr. Joko Widodo (Jokowi) imposed a moratorium on the land available for plantations, the value of palm oil plantations has increased dramatically.

The procedure for acquisition or take over of plantations, particularly oil palm plantations, isn’t as simple as imagined.

Considering that transactions in the property industry, especially the take-over of oil palm plantations, contain very high capital business and involve many parties as mediators, the government in this case the Minister of Trade of the Republic of Indonesia believes the need to make rules to protect the rights and obligations of the parties involved through the Minister of Trade Regulation of the Republic of Indonesia no. 33 / M-DAG / PER / 8/2008 concerning Brokerage Company of Property Trade.

However, even though there are regulations governing trade transactions, it is not uncommon for a trade to be too convoluted and less cooperative between mediators, so that the take-over process really becomes unsuccessful or completely void.

Listed below are steps to get a palm oil plantation in Indonesia

First, get in touch with a reliable brokerage firm and ask if they’ve palm oil plantations to market. Do not contact individual brokers as they might not have the complete detail on specific plantations, and generally they are not clear with the actual relation to the accessible farm. Such cases often occur in Indonesia and you should make certain that the plantations don’t have any legal issues.

Second, ask the brokerage firm to perform the due diligence so you avoid future legal issues in Indonesia. A trusted brokerage firm should have qualified survey tools like drone mapping and a trusted agronomist / business analyst staff.

Third, make sure the selling price of the plantation is fair. Almost all individual agents markup the original cost up to 30%. You should be careful in doing business with these kinds of individual brokers because of this sort of lack of transparency. In this case you want to appoint a trustworthy broker to represent you at the take-over process. A normal commission fee of 1-3% should be expected from the farm selling facet.

Gaining an Edge With Business Intelligence Tools in Banking

Dollar Money Cash Money Business Currency

The foundation of banks, like any other business, is”data”. This data comprises customer information, operational data, compliance information and much more. Then, why is it that even now when the banking sector is growing like never before, there’s still lack of smart and intuitive tools such as Business Analytics and Intelligence to nurture this data.

Business Intelligence is the scope of using the power of analytics and reporting to utilise the banking data to determine new markets/prospects, manage risks and make decisions based on actionable insights.

According to Forrester, BI is recorded as a top technology priority for CIOs for five successive years across all of the industries.

As a consequence of the many changes happening in the last year concerning banking regulations, lower interest rates and NPA levels reaching an all-time large, bank’s profit margins are severely affected. Banks have to work out new ways of doing business and make profits by strengthening their customer relations.

It’s been noted that the banks who have already invested in BI technology are gaining a competitive edge on their competitors. On exploiting the advanced capabilities of analytics and BI banks can:

• Gain opportunity to cross-sell services and products to all customers

• Reduce cost of collecting, formatting and polishing banking information

Though business Intelligence in banking is relatively a new idea, however, it has been embraced with open hands. And, it’s just increasing in its capacities. With each passing day, measures are being taken to make BI tools more robust, accessible, economical and attainable.

The banking CIOs are excited about investing in BI in future. Check out the Indian banks who have already been availing the benefits of Advanced Analytics and Business Intelligence.

Setting our Banks for Future with BI

The trick to effectively serve banks’ clients is by correctly utilising the information for offering them greatest value whatsoever times. Banks must differentiate their products and encourage customers to select them by highlighting how they are better. Plugging-in a Customer Relationship Management (CRM) applications can prove to be a fantastic idea alongside a nicely implemented BI solution.

For this, there must be enough coordination between the business and technology deployed. Banks and other financial institutions can surely unlock new horizons of company growth by efficiently utilising organisational data and thus gain valuable, actionable insights.