Myth Debt

Myth Debt

Myth or an assumption of "bad debt", it could really be wrong. Right debt is bad, when we owe too much, only for consumptive purposes. But if the debt is used by us to do business or venture, then the assumption of debt is bad is wrong. I agree, if we have personal debts, should be tailored to ability. Do not a lot. And make sure that our debt was paid.
In business, when our business began to grow, certainly in desperate need of additional working capital or investment. If we want progress, then the loan for business is not an issue, it is very necessary. Originally we can use it properly, it will only make our business more developed. For instance, we have a capital of USD 10 million. From the capital we gain 20%, then the profit we earn USD 2 million. However, if the USD 10 million we can bring in additional capital of USD 90 million of debt, so the capital to Rp 100 million, then our profits are 20% to USD 20 million. From here we can compare how our advantage before and after getting capital from outside. It's simple math.
Many ways to get debt. For example through the bank. But banks in providing loans must have seen our credibility. If we are good business, why are we afraid of debt. Due to the added capital, then our business will be better. So with the development of our business, its positive impact can create new jobs.
Working capital loans are a form of debt that we can use. And can we use that capital continues, because the system current account, which we pay interest on the loan balance that we use. Each maturity date could be extended. Even if our business moving forward, then we can apply for additional loans again as needed. What matters in the slightest owe no thought or intention to embezzlement until or no pay. We must have good intentions to keep an agreement with the bank credit agreement.
Kta need to know, the Bank itself in its operations always raise funds. Both of these functions must be balanced. In lending, the Bank itself expects a profit for the sake of smooth operations and improving the welfare of employees, as well as the development bank itself. As for us who use credit so that the business grew, then its positive impact, the welfare of employees will increase. Disinailah necessity, banks and employers' mutual cooperation, mutual support.
Actually, a person who has a bad image in her debt, basically because people are broke, can not pay or even embezzlement until not want to pay. But there is also a bad image created by those who do not believe for a debt. So as compensation irritation, they spread rumors, that debt is bad. Such presumption should not have happened, because what we are doing it for the progress of our business. Unfortunately, most people believe about it. And if we want to exist and progress in business, one of the telling moment is to be willing and able to utilize funds from other parties. To do this it required courage and optimism. We could have a sense of optimism even with their own capital, although some say, businesses with their own capital means we are selfish, not social, do not want to-for profit. And from a spiritual aspect, in my opinion, the more we involve the funds of others to develop the business, so the more people come pray for our business. Conversely, if our business using their own capital, so that we only pray for our own business.

Source: http://www.purdiechandra.net/jadi-entrepreneur/2009/04/mitos-hutang/

CAT

Courage and Time

In a business dialogue held by the Association Manager Indonesia (AMA) in Yogyakarta some time ago, there was a dialogue participant who asked me, about how the factor of luck and timing factors determining success in business?
How important is it for entrepreneurs luck factor? The Chinese people have a habit, if you want to plunge into the business, then we must have a hockey or a large fortune. If not, then our business will go bankrupt.
If it turns out we do not have luck, it is suggested we should not build a business. In fact, I think, whose name is lucky or hockey was actually a part of life that we can not control. Can not we thought. And, indeed itrulah life. How do we know that we have the luck, if we've never tried it. Luck must be proven, not only be imagined.
I felt that we could have got lucky. Only, by one particular circumstances, luck could have then gone. Unlike the timing view, in any business activities that we do, then we can control it. This means that timing can be controlled less than a fortune.
Therefore, in my opinion, it is possible that the business can we start or we take today. But it could have, if we started five years ago. So the timing is a little can we control. Clearly it shows, that the business opportunities that do not know the actual arrival time.
Today may be times when we take the business opportunity. And if delayed, it is impossible not to be taken of other people and we lost business opportunities, I think, the first person who sells beverages Aqua in Indonesia, namely Tirto Utomo, also requires about 8-year struggle to exist today.
Perhaps, when the product was first raised, not the time or the timing was about right. For most who buy Aqua products are foreigners. But it turns out from time to time people began to idolize Indonesia Aqua drink it. So, people then know the white water with the mention "Aqua".
So also in the bottle, which was first introduced by Mr. Sosro. Where, at the time of Tea Sosro entry in the market, nor on the exact timing. Thus, the product is to get known and popular society, requiring a hard struggle.
So I think there is any luck in our business, should not we think about it, because we can not control. But should the timing was right, and hopefully our luck was in accordance with our luck.

Source: http://www.purdiechandra.net/jadi-entrepreneur/2009/08/keberanian-dan-timing/

Success Is A Bad Teacher

Failure is Good and Success is a Bad Teacher

Robert T. Kiyosaki in his book "Cash Flow Quadrant" of the opinion, that the real success is a bad teacher. But that applies to ourselves. That is, as an Entrepreneur, we really should not sit on our own success. Therefore, it will make us become less excited, be creative, make us complacent or arrogant, make us forget ourselves, not even the possibility of success we achieve will be a boomerang for ourselves. Success, in my opinion, does not mean "time to enjoy".
Indeed, our success it could plunge us. Moreover, if we're too proud of that success, will make us forget ourselves. Therefore, for success was not a boomerang for ourselves, then we really must be very clever to manage success. But, of course, other people could learn from our successes.
That may be. In fact, it can make one's business success. Because, basically learning from the success of others is legitimate. In short, if a person learns the success of others, it can indeed be a good teacher. Although we actually can learn a lot in people who fail. In this context, I think, for our business remain durable even better developed in the future, there are times when we must realize this. Or rather, as an entrepreneur should be considered, that the failure was actually the best lesson. Therefore, I think we should not be too afraid of failure. We learn most about ourselves when it fails, do not be afraid to fail. Because failure is actually a process we are to be successful, I believe, whose name was actually entrepreneurs can not succeed without fail.
Therefore, when we want to start a business or in business when we started to develop, but then suddenly go bankrupt or have failed, I think it makes us not be discouraged. Precisely, that's when the entrepreneur spirit we have to bounce back. Because, according to my experience and other business associates, new brand successfully, after they had experienced failure of at least seven times. If we've failed two or three times, I think it's perfectly natural for an entrepreneur.
Properly, the entrepreneur will never mendapatakan lesson without doing the steps mean. Be it a step that failed or was successful. The steps starting from small steps to big steps. In other words, I say a journey of 1,000 km was actually started from a small step. If we do not dare to start a business or float, or when our business develops. I found interesting words that make us think together, "Starting the step does not start". That is, people who dare to start or expand a business, it's better than people who did not dare to start or expand a business.

Source: http://www.purdiechandra.net/jadi-entrepreneur/2009/09/sukses-itu-guru-yang-buruk/

Entrepreneurs Tricks

Learn from The Bottle

There is one interesting to us refer pertanyaanyang of a third generation participant Entrepreneur University in Jakarta some time ago. "Why sir, I did not have the courage of doing business. It was extremely difficult. Moreover, I have enough money, expertise and business ideas. What could I do business? "He said. I who asked about the problem on this one, as he jokingly asked. "Did you when entering the bathroom should also be thinking ahead one or two hours earlier?", I asked. He was somewhat surprised to hear that, he thought my question was really weird. "Ah ... I think the dong is not necessary, sir. Cook entered the bathroom I should think the first one or two hours earlier. Wow, how does this man, "she replied excitedly. Hearing the answer was spontaneous, simultaneous participants, mostly housewives, employees, retirees, professors, and even have a master's degree and docktor laughed off. "Well, something like that, if we want the business," I replied simply. "I do not have too much to think of it."
I think, why our energy just to think and think what business would continue, but no form. I think, if we want a business just has too much thought, could have a business that will not materialize. Though we may have the desire to be entrepreneurs. Therefore, we must have the courage to have any business we want. For example, when we started the business but faces obstacles had no capital, no need to confuse just use tricks windfall. What is a windfall? I am short of words "Courage, Optimism, Money, People, Other?. I mean, in business we must have courage. We must be optimistic. Well, if baseball had money, we bisa'pakai 'or borrow money to others. I am sure, as long as our business is clear, and have good prospects, there must be people who lend money or capital to us. Lending money to others for business I think is fine. In fact, I often suggest, even though money should not have used his own money for business.
If we have money or capital, but we are not experts in the field of business are we going to run, I think we can just use tricks BOTTLE. Abbreviation what is this? Brave, Optimistic, Power, People, Other. This means that in addition we still have the courage and optimism, we can hire someone else or we can look for people who are experts in their fields so that our businesses can walk. In short, we do not have to run the business with its own power. If the idea did not have any business, the collapse moment we can do. Abbreviations Brave, Optimistic, Business, People, Other. So we must be brave and optimistic in the business by imitating someone else's business.
Well, why do we find it difficult and did not dare to start a business, but every time we have the courage to enter the bathroom. We entered the bathroom without much thought. If then the water is less warm or too cold, we can also arrange it. As with any business that we run the business kalu less developed, we can arrange. Can we fix whichever is less. And kalapun we have no capital, no skills or have no idea, it could have had a orng exploit another. But the point is, our business remains the road. Indeed, here and there lack of business we will make us mature in business. Entrepreneur soul we too will be growing.
Therefore, for us who want to start a business but do not have the skills, or may not have a business idea, I suggest you try to just apply the windfall stance, Bottles, and collapse.

Source: http://www.purdiechandra.net/jadi-entrepreneur/2009/09/bodol-botol-dan-bobol/

Debt is Noble

Debt makes rich

Miming Clever managing good debt that the company's turnover in the tens of billions in just two years. How?
What a feeling experienced by someone when the debt was in the bank? Malukah or feel worried about not able to pay the installments? Both the feelings I had experienced two and a half years ago, recalled Miming Pangarah, printing company owner from Bandung, Indoprint. When present, any amount of debt in the offer I will definitely take, he said. In 2002 Miming just ordinary businessmen and not known as current success.
Only after he got the blessing from the 'play of bank loans' names fly especially among communities Entreprenur University (EU). I learned how to have money to work for us, he said. Before this, I only have a few tens of million of debt, and at that time I was just thinking how can I make my debt is paid off. I do how to cover the debt, it turns out it was the wrong way! he said.
Learning from the EU's frontman, namely Purdi E Chandra, he understood the new way of doing business in a more precise is not trying to how the debts be paid off, but instead is how to be able to get a bigger debt than the debt. So when he only had a small debt, he claimed to have worked furiously to keep the store in order to close the monthly mortgage installments. Contrary to the present, the amount of interest should I pay per month to the bank approximately $ 60 million, but it was not me who pays, because the benefits of running a business that is closing itself, he explained. The logic is simple. Rough calculations bank interest rate is about 1.5% of the amount each month. While profit is obtained from at least business is 5% and more. From there the great interest that must be borne already closed the added rest of the profits. Although the difference is only 3.5% was already quite large when multiplied by the total debt of Rp 500 million, for example.
Regarding the risk of bad debts because of business that can not walk or lose Miming dismissed that possibility happen as long as it's small entrepreneurs in managing the financial management discipline. The principle that must be held that the use of credit kuncuran for consumptive purposes is taboo to do. He cautioned if people have started to dare to use the thousands of money from the bank to outside business interests, then it will continue to recur reckless in increasingly larger amounts. I am sure that he will go bankrupt, he threatened. Miming confirmed that the problems often faced by the SME level business when dealing with the bank is not able to convince the creditor. So from the beginning wanted to ask keredit he has applied the following accounting standards following the balance sheet and bank statement. Report to make good our finances so that banks trust us, he said. Problem mortgage? Not a problem, because that's owned assets in the collateral, so the risk does not exist, because I shop at most taken, he said lightly.
Currently, he admitted that he had had five fruit shop and is building its own printing plant, in addition to opening another business that is a few salons in waralabakan, RB, screen printing business, and also has purchased a franchise Primagama. So the total assets owned is approximately USD $ 7 billion in achieved in just 2.5 years. Meanwhile, total loans reached about USD 3.5 billion amount. When first I was afraid the same bank, my business turnover of approximately USD 150 million only a year, now when I dare to use bank loans my turnover is above 10 billion a year, he said firmly. Credit in large numbers of course can not be expected to immediately. I also started from a small amount, he said. First apply for credit worth USD 30 million, then increases with the asset that is derived from previous funding. It is necessary to maintain good relations by not making a mistake with the bank, he added. Although its business network has started menggurita not mean the EU is an active speaker should be busy taking care of business every day. Should he traveled freely through its activities as a speaker to various cities across Indonesia in Jakarta, Cilegon, Bogor, Semarang, Yogyakarta, Palembang, Padang, Denpasar, and others. I was the most sought after Pak Purdi, he said. While the business affairs he has mempercayaksan on human resources dealing with professionally. I am applying to hire professional management, including myself, he said. He wanted to make sure that if by what he did he could do the jump as now, surely someone else will be too.
I just want to change the minds of many people that the business does not necessarily use the money, the important need courage, he said. Added, when someone already has the intention to do business, think about the business of business and the course. This means not only to daydream but he said nothing.

Source: http://www.purdiechandra.net/gara-gara-purdi/2009/12/hutang-berlipat-kekayaan-meningkat/

Invesment to the Heaven

Contribute to Investment

I argue that in fact we give sumbangn courage to others or others that we give so willingly is the same as we already have a soul entrepreneur or an entrepreneurial spirit. I am sure, would you ask, why not? Yet we know that some of the money we have we have donated to others. But, I see, the attitude of entrepreneurs who like it a sign that he has had the courage to take risks that must be owned by an entrepreneur. And, as an entrepreneur we still have a social concern.
However, each entrepreneur in the amount of contribution, of course, vary. Depending on the sincerity of each. Perhaps it is proper if fairly successful in our business and then provide a significant contribution, it is only natural. Unlike the case with those whose income is still relatively small. But even the small income we should also get used to donate.
Therefore, we do not have to think negative kalu suddenly in the office we had guests who ask for donations. Positive thinking alone. Instead we should thank the guests who ask for donations to us, that amidst the busyness of our everyday way of doing business, there are people who remind us or who knocked our hearts to sincere contribution.
In this context, why I think that this donation is really a positive step and a step forward. In fact, I can interpret if we dare to make a donation, we will not be afraid to invest. We also do not be afraid to start or expand a business. Because, we have become accustomed trained with non-fear in giving a donation. Dare to contribute and invest is our courage to face the risks and uncertainties.
In short if we dare to menyumbangpasti we have had the courage to start a business or expand a business, and have the courage to invest. Indeed our courage contributed hopefully will help launch a business in which we live today. Believe me, many contribute much sustenance

Take Decisions

Take Decisions

Should I open a restaurant desert?" That's the question that had appeared in my mind at that time. When this kind of idea I am trying to ask you to others, they are pessimistic and ask: "Why do you have to open a restaurant business field, whereas a business like that 'it has mushroomed. Does have good prospects? "
With the various comments, made me increasingly challenged to prove it. In fact, previously I have never jumped into the restaurant business, but I consider it as a business opportunity.
As an entrepreneur, I should dare try to prove it, and able to make the right decision. But now I remain optimistic, that the idea could be realized. In the end I decided that I should dare to try this business. I believe that market opportunities remain, especially for middle and upper circles of society.
Apparently, this business is tangible and roads, even the days of any crisis, I remain optimistic prospective restaurant business. In fact, the more guests, there are ministers, community leaders, artists, and businessmen.
In making a decision, my intuition is more sensitive consideration of rational considerations. Indeed, as an entrepreneur we must dare to use intuition effectively, both to make decisions in business, as well as in everyday life. Although you probably will not realize the process, that every decision we make by using intuition is just one example of the many experiences that I experienced.
I feel really, how sharp it a touch of intuition. That's what probably allowed me to let the data intuition was complements other data, which ultimately I use in making decisions. So, I believe, that in the business and this life, we should continue to use intuition. Therefore, intuition would come open mind and give added value to our emotions, and intuition to empower us to be more productive and active in every situation.
Intuition is very important, not only for the benefit now, but also for the sake of the future. Because, diperkirankan business challenges in the future, relatively different from now. The changes are very fast and chaotic, erratic, making it difficult for us to memprediksikannya.
A challenge with an uncertain level of turbulence of this kind, it surely will make us more intuition plays a role in every decision. The possibility of management science that now we struggled, it is still difficult to solve the various challenges that will occur in the future. In fact, we must remain hopeful, that the business in which we live today should still continue to grow.
We as an entrepreneur, like it or not, must be sharp in intuition. We must be able to think quickly and finally able to take the right decision. I see there is something unique on intuition, which is contrary to the process of reasoning. The process of intuition is not linear (various patterns), while the rational process is linear. That is why most entrepreneurs in any decision or step in his business, often a surprise, not rational, and dare to face the risks.
Karenai By that, I agree opinions that say, that between intuition and irrationality, inter-related. Some decisions that we take a mixture of various kinds of memories, ideas, feelings, and the fact that sometimes contradict each other. So the "touch" that enables intuitive intuition that we let the data that will complement the other data we use to make decisions.
According to Quin Spitser and Ron Evans, intuition is crash analysis of the facts using knowledge and experience as a filter. In business, intuition is known as a business. Inside there is insight, experience, mental, and feeling, but there are also extensive knowledge, experience more, and the mental. Intuition there are 4 four levels, which can arise through physical, emotional, mental, and spiritual.
Many ways to develop intuition, such as that developed by Robert K. Cooper, PhD, is: go into the experience, ability to muster a little more, stay open to all possibilities, overcome fear, recognize and find ways to overcome any hindrance to it. In addition, Cooper also suggested, so sensing an opportunity to get out the world of business, give extra attention to the first response to the questions, consider how your intuition communicates with us, take a few minutes a day to record emotional intelligence, and do not forget to expand the sense of confidence.

Source: http://www.purdiechandra.net/jalur-cepat/2010/03/mengambil-keputusan/