Managing Your Business While Traveling

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

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

Key Factors to remotely managing your business:

Conduct Regular Meetings:

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

Now meeting on a daily or even weekly basis can be difficult as you’re traveling because you are mostly busy and have other things to tackle. However, meeting with the managers weekly or bi-weekly will reassure your presence at the workplace and confirm your supervision on all company matters.

You can easily conduct meetings via 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 everybody for demonstration.

Make certain to regularly interact with your employees no matter where you are and build intimate relationships with them which can evolve into trust. If that is accomplished, you’ll never need to worry about business when you are away.

You being away from the workplace should not mean work does not get done or is on pause. Technology produced a solution for slacking or idle employees, time tracking software. This type of software lets you monitor employees working hours so you will always be updated with who arrived late or who worked overtime.

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

There are many types of time tracking software, some are essentially focused on monitoring working hours like ClockIn Portal that generate timesheets and can be integrated with payroll systems.

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

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

Handle Business Mail Instantly:

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

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

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

Now, you are all set!

With your business essentials all in check, it is easy to travel whenever needed without worrying about work falling behind or inefficiently managing your company.

Palm Oil Plantation Business

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Palm Oil Plantations are a very lucrative agricultural business for agriculture entrepreneurs and companies to invest in. The potential in this business makes palm oil one of the most significant revenue streams in Indonesia.

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

Considering that transactions in the property sector, especially the take-over of oil palm plantations, contain very significant capital company and involve many parties as mediators, the authorities 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 Legislation of the Republic of Indonesia no. 33 / M-DAG / PER / 8/2008 concerning Brokerage Company of Property Trade.

However, though there are regulations governing trade transactions, it’s not uncommon for a trade to be overly convoluted and less cooperative between mediators, so the take-over process actually becomes unsuccessful or completely void.

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

First, contact a reliable brokerage firm and ask if they have palm oil plantations to sell. Do not contact individual brokers since they may not have the whole detail on particular plantations, and generally they aren’t clear with the actual connection to the accessible farm. Such cases often occur in Indonesia and you need to make sure the plantations don’t have any legal issues.

Second, ask the broker firm to do the due diligence so that you avoid future legal issues in Indonesia. A trusted brokerage firm must have qualified survey tools such as drone mapping and a trusted agronomist / business analyst staff.

Third, make sure that the selling price of the plantation is fair. Just about all individual agents markup the original price up to 30%. You should be careful in doing business with these kinds of individual brokers because of the type of lack of transparency. In this case you need to appoint a trustworthy broker to represent you in the take-over process. A typical commission fee of 1-3percent should be anticipated from the farm selling facet.

Gaining an Edge

Dollar Currency Money Us-Dollar Franklin S

The base of banks, like any other business, is”data”. This data comprises customer data, operational data, compliance data and more. Then, why is it that even now once the banking sector is growing like never before, there’s still lack of intuitive and smart 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 identify new markets/prospects, manage risks and make decisions based on actionable insights.

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

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

It has been noted that the banks who have spent in BI technology are gaining a competitive advantage on their competitors. On exploiting the innovative capabilities of analytics and BI banks can:

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

• Improve decision making capability based on fact-based information, at the right time.

Though business Intelligence in banking is relatively a new concept, however, it has been embraced with open hands. And, it is only increasing in its capacities. With each passing day, steps are being taken to make BI tools more robust, accessible, economic and attainable.

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

Setting our Banks for Future with BI

The trick to effectively serve banks’ customers is by correctly utilising the data for offering them greatest value whatsoever times. Banks need to differentiate their products and encourage clients to select them by highlighting how they’re 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 sufficient coordination between the business and technology deployed. Banks and other financial institutions can surely unlock new horizons of business growth by efficiently applying organisational data and so gain valuable, actionable insights.