8 Ways to increase sales for restaurant and cafe owners during COVID-19

COVID-19 has changed the pace of business across the globe. The government has implemented a strategy to slow the spread of the virus, which has led countries to start implementing social isolation as a necessary solution.

In Asian, European and American countries, non-essential service business units are restricted or completely closed. The F&B business is no exception. This partly disrupts consumer habits, when they turn to restaurants or cafes as meeting places. Now they have to cook for themselves at home, or buy in the midst of a complicated disease situation.

In fact, if restaurant and cafe owners can see a new direction in the midst of a crisis, it is very important. This is a great business opportunity to move into an online environment and tackle a different market segment.

Here are 8 ways restaurant owners are increasing sales amidst the COVID-19 situation:

1. Make sure you cooperate with the delivery platform

In the US, food delivery platforms such as UberEats, grocery store WMT, and other popular UberEats clone apps have reported increased user engagement when people are stranded inside their homes. This trend is also happening in other parts of the world. Delivery service is definitely an integral part of the life of modern people, who want to save time & effort in preparing their own food. And it is definitely a great business opportunity for all bistros, cafes and restaurants.

Delivery platform cooperation

How to take full advantage of this opportunity? In the Southeast Asian market, there … Read More

5 Steps to Starting a Successful E-Commerce Business

Now the steps to start an e-commerce business are starting to be sought by many people. How not, this business is very potential. In addition to its population of 260 million, public consumption on average increased by 5.4% per year.

There are so many Micro, Small, and Medium Enterprises that can supply this business. Not to mention, half of Indonesia’s population uses internet access.

Indonesia has power waiting to be optimized. If you are keen on seeing opportunities in your e-commerce business and are planning to start one, be sure to follow these steps:

1. Choose the Products to Sell

Start looking for product ideas to sell. Think about where and how to get the product. Will you make your own, pick up from a supplier, or sell as a reseller? Also, think about where you will store the item.

Then, test whether the product is worth selling or not. You need to do this due diligence even if it’s only on a small scale. For example, ask relatives or do a survey by giving examples of products.

2. Research and Preparation

Once you’ve got your product, assessed its resale potential, and found a supplier for that product, you’re ready to create a business plan. Previously, do research on competitors and innovate to make your product different. Make sure the quality of your product is also superior to increase the perceived value of buyers.

The business plan will be a map that helps the course of thought and action. Business … Read More

Easy Ways to Start Stock Investing for Beginners

Investment in the form of shares has now become commonplace for the community, including young people. For beginners starting this investment is not difficult because buying shares can now be done online. Most people buy stocks with the aim of getting a better life in the future by investing. Moreover, stock investments can be used both short and long term.

Even though it promises large returns or returns, stock investments also have the highest risk compared to other capital market investments.
Therefore, it is very important for someone to be observant in choosing the shares to buy. Because, not a few of the investors who experience failure because they do not pay attention to how to buy the right shares.
But for those of you who want to buy shares, don’t worry, because has written the following procedures for buying shares for beginners.

Define a Securities Company

Before buying shares, you need to determine the securities company that will be used. The securities company acts as an intermediary in buying and selling shares and will assist in opening a stock account on the Indonesia Stock Exchange (IDX).
How to select a securities company can be done by choosing a securities company that has been registered on the IDX. In addition, make sure that the balance replenishment and withdrawal process is easy.

Opening a Customer Fund Account

The next way to buy shares is to open an RDN or customer fund account. Opening an RDN on behalf of an investor will … Read More

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Unrelated Business Income Tax

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Your enterprise income insurance coverage might help cowl your misplaced income throughout this time of restoration. After you close for the day, thieves break in and steal priceless stock. As a result, you need to temporarily shut down while you replace your stock. Your business income insurance coverage may help cover your misplaced earnings throughout this time. When natural disasters strike, civil authorities could order evacuations. Depending in your policy, your business earnings insurance coverage might help cowl your lost revenue whenever you’re interrupted by civil or army authorities. Twenty p.c of qualified enterprise income plus 20 p.c of qualified real estate investment trust dividends and qualified publicly traded partnership income.

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If taxable income is excessive sufficient, there’s a full part-out in order that no QBI deduction can be claimed. If you might be in an SSTB however your taxable earnings is below the limit discussed earlier, you get the full QBI deduction like any other enterprise proprietor. It is not considerably associated to furthering the exempt function of the group. If your exercise doesn’t cross the test to be handled as a enterprise, then you won’t have the ability to deduct a loss on your tax return. But that doesn’t mean you don’t have to hold detailed records of all your transactions that result from your hobby. The greatest tax limitation for a hobby is that you just cannot deduct a loss from its activities. Most hobbies come with some kind of expense, be it gear, supplies, or instructional … Read More

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