Impact of the global economy due to the Corona virus

Impact of the global economy due to the Corona virus

China has decided to close its economic path to stop the spread of the epidemic of the corona virus (covid-19). As the country of origin of the plague, the Chinese economy will of course be devastated. The problem is that China is a country with the second largest economic power in the world. They represent almost a third of global economic growth. In other words, if they were hit, it would have a domino effect. Namely, other countries will also be devastated and could be more serious. So, no need to be surprised if the New York Times classroom media published an article titled “China Shuts Down Economic Activities to Fight Corona Virus”. Now the world is suffering “.

As the country with the second largest economic power in the world, even the largest population in the world, China holds the economic role of many countries, mainly in tourism. In the AfDB’s notes, the five countries with the most tourist visits from China in 2018 are Hong Kong (68% of tourists come from China), Palau (39%), Cambodia (33%), Vietnam (32%) and South Korea (South Korea) 31%).

Brief analysis on Tourism Impact

With these notes, the AfDB also established four scenarios of economic influence on the tourism side. First, if tourism in China is closed 2 months (best case scenario), then 3 months (moderate), 6 months (bad) and more than 6 months (worst).

Brief analysis on Tourism Impact

Best case scenario: Tourism from outside Asia to non-Chinese Asian countries, such as East or Southeast Asia, will decline in the same way as during SARS, around 7.7 %.

Moderate scenario: Tourism from outside Asia to non-Chinese Asian countries, such as East or Southeast Asia, will decline by around 17.7%.

Bad and worst-case scenario: Tourism from outside Asia to non-Chinese Asian countries, such as East or Southeast Asia, will drop by 47.7%.

Impact of overall losses

According to AfDB calculations, the global impact of the corona virus will be between 77 and 347 billion US dollars. This figure is equivalent to 0.1% to 0.4% of global GDP. In the same scenario, on a global scale, the potential loss of the world economy reaches 155 billion dollars and China alone, 103 billion dollars. It is in a moderate scenario. If the scenario is bad, on a global scale the potential loss of the world reaches $ 346 billion. The figure comes from the potential loss of China (US $ 236 billion), non-Chinese Asian countries (US $ 42 billion) and the rest of other countries (US $ 68 billion).

The global losses incurred due to the corona virus are indeed devastating as a result, how a country could collapse because of this corona virus. How does the world overcome exactly that? Let us all pray that this virus disappears quickly and that no victims fall because of this virus

The Idea Of Self-Coaching For Entrepreneurs

Many entrepreneurs including the seasoned ones have claimed that having a business coach is very beneficial for themselves and their business. Business coach is like your facilitator with the right skills, tools, and method to guide you. The coaching industry within this past few years has increased significantly. It means that many people find it helpful to have a business coach. However, have you ever considered coaching yourself instead? Will it be helpful just like hiring professional business coach?

Entrepreneurs

Self-coaching and successful business

Many professional business coaches have recommended that while you hiring a professional, it is good if you can coach yourself as well. They suggest their clients to continue the process of self-reflection outside of your sessions. It allows you to improve and grow yourself because you add another dimensions to help you achieve your goals. 

Here are what you can do if you are interested in self-coaching:

Have a courage to make a deep conversation with yourself. It is not something crazy. Actually, you have been used to do it but maybe you are not really aware. Now, you can try to make a conversation with yourself consciously. The conversation allows you to make your own review of your own performances. 

You will also be able to address the issues you have. In this type of conversation, you have to be brave enough to ask yourself if the real problems is you and what solution is best to take. It sounds simple but not many people are courageous enough to face and overcome their own personal challenges and barriers. 

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Then, you can also try to challenges yourself to see and review your projection. Keep in mind that when you hire a business coach, it is often for you to share opinions. Sometimes, it clashes because you see from different perspectives. However, you learn something from that. Now, you try to make conversation with yourself and challenge how you interpret your internal and external world through variety of perceptions. This way, you will be able to spot something wrong. 

Be courageous to admit your own mistakes started to yourself. It is easy to blame mistakes to others. However, it is not the right norm because it is unhealthy and unhelpful. Remember self-coaching is far different from self-loathing or self-blaming. It is about how you can admit to yourself if you make mistakes and how to turn them into learning opportunities. Therefore, you can make objective judgment and analysis to fix the problems. Through self-coaching, you learn how to be more insightful, mindful, and authentic. 

Focus on the right challenges or problems so you can stay focused in your self-coaching. It allows you to navigate your energy into finding what is exactly going on. It also allows you to find more clarity on small-scale-issues. This results in increasing your self-awareness so you will find the right questions. Then, you will ultimately find the right answers and solutions. Self-coaching needs self-acceptance to be successful so you grow to become more conscious, mindful, aware, and insightful.

Villa Seminyak Staying Within Annually

Villa Seminyak boasts some of the most finest property and real estate in Bali. It supported by the fact that Seminyak region have been a trendsetter for any Bali attraction. For instance, the trends in tourism, shopping, vacation, investment, etc.

Villa Seminyak

Moreover, it surround by the legendary sunsets by the beach and you can enjoy its tranquil beauty. Worth to mention, other favourite attraction for tourism that can be spot in Seminyak, Balinese ceremony. Tourist can marvel at the iconic Balinese ceremonies by the beach, fulfill with gamelan playing by Balinese locals.

Of course, this will be a whole new experience to you and further an intimate vacation while you stay in Villa Seminyak. The sophisticated luxury and dream living in seminyak will entice you to the most glorious adventure in Bali for a short or even long term.

Benefit Of Staying Villa Seminyak Annually

While on short vacation, we might only have a limited time to explore the beauty of Seminyak. Its a bit pity that you would miss other extraordinary things and attraction in Seminyak. This what makes moving abroad and staying annually a great option to that.

Villa Seminyak Stunning Living Room

By staying annually in Villa Seminyak, you could witness the best memorable events and sightseeing in the region. Not only in Seminyak, but you could have the time to marvel whole island of Bali. Moreover, with staying annually you could benefit from the surrounding environment which can open up your perspective. We could adapt and learn the most fascinating culture, tradition and ethics which brought by Balinese belief and values.

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Beautiful Close Living Room Villa For Lease Annually

If you are heading to a long term vacation and intention to stay in Bali for up to annually, consider this option to match your desire. This beautiful villa seminyak is available to lease annually and prepared exclusively for the type of visitor like you.

Villa Seminyak Tropical Dining Set

This astonishing tropical unit is located in the heart of Seminyak. Enclose with 2 spacious and stylish bedrooms, moreover artistic bathrooms. Designed and furnished equally that match the pictures, also decorate in a great taste and idea which provides great comfort. This villa generously offers lux of living room, airy dining area, full set kitchen, swimming pool, a vast storage and extra parking area.

Cover in a tempting land size of 2,2 are, this marks as an ideal option for long term stay. Furthermore, this unit is available for rent with a strategic location in Seminyak and only 10 minutes away from the beach. Enquire this villa for lease annually now with the best deal and rate you could imagine. With a submit of simple form, you could also get the return on investment report for investment.

Marketing And Communication Strategies For Business Today

The pandemic has shaped business world into new era. Your business still have to run even if the pandemic is over. However, the new era has come and your business should adapt to it. Facing new era, there are many areas of your business which are greatly affected, forcing you to develop new strategies to thrive. Those areas are marketing and communication. Both are intertwined with another. One key for the change in business world today is digital transformation. 

Marketing And Communication Strategies For Business Today

The digital era of the future for business

Marketing and communication will start revolving around digital transformation from now on. In the past, virtual element is still consider not real. Today, it has become part of reality. Instead of refuse it, you can take advantage of it to make better decision in planning for marketing and communication strategies. 

Rethinking investment

Your marketing team should start to consider rethinking investment and spending of your business. Today, digital marketing is considered the most relevant and effective due to the limited access of offline marketing. Many businesses are getting familiar with how digital marketing work. Thus, it is wise to make more effective strategies for online marketing and combine it with offline activities. It will ensure that customers will stay engaged and loyal regardless of the situation in the future. For digital marketing, you can use visual content and collaborate it with social marketing strategy.

Rebrand your company message

Rebrand your company message

It is also important to rebrand your message. However, it doesn’t mean you have to change your message of the brand. Instead, you can focus on reimagining your brand perception and awareness. You can sharpen your previous message and make it more relevant with what the market demand today and in the future. You have to tweak, reflect, or sharpen the focus a bit.

Show credibility to customers

The main purpose for the reshaping or sharpening your message is to show your credibility as problem-solver to your customers. It is important that your message still touches the sensitivity of the current situation while offering your availability at anytime in the future. Ensuring your customers that you can help at any situation is the purpose of the reshaping of your message. This way, your customers know where to turn to when they are in need.

Think content for marketing and communication strategy

Your content is important for marketing and communication strategy. Without content, you may fail to deliver the message after all. However, it is crucial that you create content that is aligned with your new customer behavior. With the pandemic and new era, customer behavior is also shifted. Thus, you have to adapt to it as well. Provide content that can deliver message to your customer efficiently. Create content with empathy and humanity. Make sure that your content is also relevant to the current situation. 

Connect to your customers emotionally

Connect to your customer emotionally through marketing and communication strategies. Make sure that you make brand purpose which resonate with what your customers need. Rebuild your brand to be more reachable for your customers. Use any tools that can improve customer experience as well so your brand will be more valuable to them.

Money-Saving Decision For Small Business

Small businesses may develop different operation especially because of limited access to money. It is not always because they are lack of financial support. It is mostly because any decision they make will affect their business finance. Thus, money-saving decision is crucial for small business to keep operating while growing at the same time. 

Balancing small business budget by money-saving

Balancing small business budget by money-saving

Balancing budget of small business can be challenging because the slightest change to the finance can cause major tremors to the overall operation. Thus, financial planning is very important for small business. One of the most effective and helpful strategies is money-saving. Here are some tips for your small business’s money saving.

Reevaluate your business

During this pandemic, all businesses are affected including the small one. For your small business, it is very essential to reevaluate your toolkit to ensure your business can run effectively during the crisis without unnecessarily wasting too much money. One important element you have to take into consideration is the toolkit. Different toolkit comes with different prices and functionality. Thus, choose the one that is only essential for your business. 

Negotiate more with your vendors

In this struggling time, everyone is suffered. Thus, helping each others out is the best solution. Many vendors prefer lowering their prices instead of losing their customer entirely. If your business relies on a vendor, negotiate more to have lower prices. However, make sure that you give reasonable explanation on why you have to reach out to them. 

Keep some of the revenue

Money-Saving Decision For Small Business

Saving money is not always especially for a small business that has already had a tight rope. However, you can plan to keep 10% of the revenue in cash in the bank. This percentage of revenue will be a life saver for your business just in case it faces difficult times. You will be able to make good decision knowing that you have that 10% of the revenue to save your business when needed. 

Reuse and recycle

You can also save money by reuse and recycle your inventories. You can find a way to cut down any unnecessary expenses. One of them is your office supplies. Instead of keep buying new assets every year, it is wise to reuse and recycle as long as they are still function properly. This way, you can save money and reduce the waste. 

Try other source of income

To save money, you cannot just rely solely on your core revenue. If it is possible, you can also try to find more ways to generate your income. It can be considered as supplemental revenue for your small business. It doesn’t have to be something big. It is enough if your supplementary can add extra cash to your bank. 

Save monthly revenue

Saving monthly revenue can be used as strategy to balance your budget. You can keep 5% of the monthly revenue and let it go to your business reserve. It is a good way to build your financial stability in a slow pace. To make it easier, automate the process so you won’t have a chance to forget. 

What Influenced Bali Property Style & Concept

You might have seen the best architectural concept that made your eyes wide open. Certain list would make exceptional list for your future. But, if you consider on a holiday in Bali, you will be amaze on how property in bali influence its style and concept.

Bali property offer unique influence that you will not find elsewhere. It values the strong philosophy of Balinese Hindu and rich heritage that have been the identity of balinese people. However, the influence has remained for a long period of time and developing on many occasion.

Not to mention the laws and norms in Bali have shaped to what it is today. Balinese people rely that every blessing in their life brings a mission on making the world the better place. These belief are describe in a philosophy called Tri Hita Karana – The three causes to prosperity between human, natural environment and God.

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What bali property are mostly popular of

The Tri Hita Karana philosophy are well execute in every housing concept. This supported by the style of property in merging the building with natural material, such as thatch, wood, bamboo, brick etc. All these natural material merged and styled to enhance traditional property that mostly can be found in Bali property indonesia.

Several other aspect of the property are including good ventilation, solid foundation, spacious backyard, traditional guard wall and balinese temple. However, most aspect can easily detected in every bali property as each of them brings their own value.

Bali Property
Source: Kibarer Property

Ventilation system are usually operate for a better air circulation that enters to property. Ventilation are made in a big size between the space of roof and building walls. Thus, solid foundation is an important aspect to consider. It is believe that the solid foundation will give strength to its owner.

Spacious backyard is very identical to every balinese property. Based on the philosophy of Tri Hita Karana, one of prosperity causes is the relation between human and natural environment. With a spacious backyard and natural environment, balinese have implement the concept of Tri Hita Karana and further the understanding of relation of human, natural environment and god.

Worth to mention on the installation of traditional guard wall and balinese temple. Traditional guard wall made on natural stone and brick possesed a strong characteristic of balinese property. Meanwhile, balinese temple is a necessary to each of property as a place where the ancestor and god are honour.

The Mix of Western-Balinese 

All of these strong characteristic couldn’t separated away from balinese identity. But the philosophy and balinese characteristic can be combine with the touch of western style. It produce amazing influence in architecture, cultural and living experiences. 

The approach of western-balinese has set the trends in bali property industry. These approach also adhere to balinese norms and philosophy that remain for a long period of time. With the mature of property industry in Bali, it will boost the cycle and demand for buying property in bali. 

Bali houses for sale is always a good option whether to stay or an investment. You might consider it for a short plan or even retirement days ahead. Meanwhile bali property prices are significantly growing, the early you enter the more beneficial it become. As if live in an outstanding of balinese influence will be an opportunity of a lifetime.

Surviving The Crisis By Learning New Skills

Surviving The Crisis By Learning New Skills

During this recession, millions of people lost their jobs and many business decided to close. Surviving during the crisis like this sounds even more daunting. Finding new job or opening new business sound ideal but it is not that easy. Switching career in the middle of the crisis is challenging. However, doing nothing is just as damaging for yourself. Being able to adapt is something we should do in order to survive. Adapting also means learning new skills so you can lay more strategies to survive and get back up. 

Learning new skills to survive the economic downfall

Learning new skills to survive the economic downfall

The pandemic in 2020 is like a huge hit for business leaders and many industries. It is not easy to take in but we cannot do anything to cancel it. What we can do is adapt and learn something new to survive this. Protecting your business from collapsing must be very challenging as well. Here are some tips to survive this crisis. 

Try to be more adaptive

Being adaptive to the current changes is a must so we can survive. There have been many major shifts in business causing economy activity to pause. Crucial challenges are faced and they are not so easy to overcome. Being adaptive also means we should follow the new nature of the duties and responsibilities of the job we have. Business is evolving and it pushes us to find out what are our hidden potentials are. Improving the economy is possible when we know what to do instead of just sitting still. 

Spend some time to learn new skills

Spend some time to learn new skills

Learning new skills is also essential to do when facing this kind of crisis. Major changes are everywhere. The situation and condition forces us to adapt to the current events. This allows us to find our potential and acquire new skills to survive. We learn how to survive and successful even in the middle of the crisis. For example, those businesses that never touches digital approach might start learning to get familiar with it since it is supportive approach to help the business to survive. 

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Try to keep growing

It is possible to keep learning and growing even in the middle of the crisis. In fact, many people find their highest potential when they are forced to survive. Digital landscape is what businesses are more focused on today. It opens new gates of challenges for business leaders. This situation forces us to find the right talent and experience to survive. 

Polish your own skills

To learn and grow during the crisis, you can start by polishing your current skills so you can become more proficient. You can also find in-demand skills to fill in your skill gaps. Then, you can branch out your skill by expanding your potential. You can learn some adjacent skills to broaden your knowledge base. 

Set goals you can achieve

To develop yourself professionally, set career goals you can determine. You need to find the reasons why you need to learn this new skill or where do you want your position to be after gaining that new skill. You can find the right online platforms to learn, train, and earn certifications. 

Things To Do To Have Effective Remote Meetings

During the crisis, the decision to work from home is the best thing to do but it doesn’t mean it doesn’t come with any consequences. There are many challenges faced by business leaders when they have to lead their team remotely especially those who are really new to this kind of environment. Struggling to find balance in the beginning is normal. However, you can still do your best to optimize remote meetings with your team members. 

Things To Do To Have Effective Remote Meetings

Building teamwork during virtual meetings

Teamwork is essential for business because there are so many things to deal with to achieve the common goals. Virtual gathering can be efficient because it saves time, energy, and money especially during the pandemic. However, some problems may also arise with this work environment. Building teamwork might be more challenging due to various issues. 

Make the meetings to be more interesting

Fill the virtual experience with something more fun to have. It doesn’t have to be something grande or costly. You can just ask your team members to wear their funniest shirt for the virtual gatherings. It can make the meeting even more enjoyable because everyone is in a good mood since the beginning.

Small talks 

Open the meeting with a small talk where you can check on your team members. This shows that you care about their well-being especially during the pandemic. You can just have a small talk with your team members regarding to their favorite foods so far, or what activities they enjoy the most to fill the day after work. These simple things can create sparkles to the entire meeting. 

Don’t get sidetracked

Things To Do To Have Effective Remote Meetings

Sometimes, there are so many distractions during virtual meetings with your team members. Staying focus on the matter at hand can be challenging. You may get easily distracted with the conversation you have when one of the members lost internet connection. Thus, it is highly recommended to make plan of the entire meeting from the beginning to the end. What things to discuss and goals to achieve after meeting should be planned out thoroughly. 

Inform what team needs to prepare beforehand

It is also highly advised to let your team members what they need to prepare before the meeting for example through emails. There you can send them logistics and purpose for the meetings. Therefore, your team members will be more prepared with the meeting. If the purpose can actually be achieve just via email, then you don’t necessarily have to gather everyone for a virtual meeting. Make sure that every virtual meeting is purposeful.

Point someone to be leader of the day

To make the meeting more organized, you can point out someone to become the leader of the day. Their role is to control the situation and make sure everyone has the equality to participate in the meeting. A situation even during virtual meeting can turn into a chaos when everyone wants to talk at the same time. Even if you are the business leader, you can point out someone be it junior or senior in your team to take role as the lead of the event. 

Balancing Your Business And Personal Life

Running a business is not easy because there are so many critical activities demanding your full attention. Sometimes, it is easy to forget your own well-being. Many entrepreneurs also suffer from burn out due to the work load and inability to balance it with their personal life. Not to mention that with the policy of Work From Home, people find it hard to balance work and life smoothly. The line is getting blurred now.

Balancing Your Business And Personal Life
Processed with VSCO with a6 preset

Finding balance between work and life

Business leaders, entrepreneurs, and even successful founders can suffer from burnout, causing them to lose balance between work and life especially during pandemic. It is because it is not something to take lightly. There is real impact of the pandemic to the way we live our life today. And how to find balance between two different world, work and life? Here are some tips for you.

Follow athlete’s example

If you are the type to dislike consistency and constant ritual, you can take an example of an athlete. You can try to work really hard in small burst and then take time to relax. For example, you can work really hard for the week and have time off for the next week. It is like a sprint when you run like crazy in short distance. It allows you to have time to recover after you optimize your productivity.

Find what you enjoy the most

Balancing Your Business And Personal Life

Many entrepreneurs find their balance between work and life by finding what they enjoy the most. When they choose a career, they choose what they love the most so they will find it an enjoyable at any given time. They won’t think of sacrificing their time with family to deal with business affairs. To achieve this, you need to find the point of harmony and it can be quite challenging for some people especially who tend to be impatient. Besides, not everyone runs a business that they truly like or passionate with. 

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Use journal for prioritization

You can also use journal to understand more about prioritization. Understanding about what you should prioritize at the time can help you find more balance between work and life. Journal can be used as a plan, guide, or even tool for self-reflection. When you revisit your journal, you will understand yourself even more whether the current situation truly align with what you see. 

Make the most out of each day

Balancing Your Business And Personal Life

Many experts and entrepreneurs also suggest to focus more on how to make the most out of each day instead of trying hard to find balance. It can be done by building and practicing positive  and healthy habits on daily basis. It can help you stay healthy and productive while dealing with business and personal matters. 

Be more flexible can also help in balancing work and life without suffering from stress or burnout. It is because too strict on placing work and life into opposite sides can cause more stress for some people. Improve your flexibility to keep working hard without neglecting your well being or your family’s. This way, you can incorporate work into your life without letting it exasperate you. 

Take Your Small Business To The Next Level

Small business has potential just as large corporations to succeed. If you think your small business couldn’t reach success due to lack of financial support or innovations, you are wrong. Your small business has opportunity to reach success and increase its growth spurt. Of course, it is not an easy feat but if you start doubting yourself, it will be harder to reach your goals. Keep in mind that your mindset can affect the way you run your business. Stay positive while doing the best you can is what you can do to help your small business get scale. 

Level up your small business

Handling your business on your own can be overwhelming but it doesn’t mean you will always struggle to reach success. There are challenges obviously, but they are things you have to face so you can reach your goals of success. It is important to keep trying your best to grow your small business and take it to another level. Here are what you can do:

From business experts, it is important for small business owners to have distinct point of view. It is also important for them to know the right approaches to the market. Gaining popularity within the market is nice but is not the only thing that can ensure your business’s success longevity. You have to pay attention to the stakeholders of your business including investors, customers, and your employees. If there are stakeholders whose point of views are not aligned, it is best to eliminate them. Eliminating unprofitable and unqualified or non-target customers is needed so you can more focus on your resources. 

Always keep in mind your own small business finite resources. They are talent, time, and capital. Make sure to not dilute your resources by doing a bunch of different things. Your small business’s approach and perspectives need to be clearly communicated, defined, and operationalized. This way, it can attract more people that will be contributing to the growth of your business significantly. 

When you plan to take your small business to the next level, it is important to develop resilience among your employees and investors. It is essential process to cultivate an emotional commitment from your employees and investors so you are sure that they will be with you through various challenges until success can be reached. Ensuring your employees to be more connected to the purpose of your business can be challenging but it will pay off if you can make it. 

It is also important to redefine your innovation. Instead of keep looking for new products, additional functions, or more features, it’s better to pursue the value and consistency of innovation. When you can sell and price consistently, you will be able to get to the middle market and grow. Meeting the expectation of your customers through your products and service should be the main focus. There should also be a balance of worth between what your company and customers think.