SEC-S20W2 | My Business Ideas |Capital Management
Best wishes always to all steemit friends wherever you are...
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Before going further to talk about an idea in business, I tried to invite steemit friends @mini80, @menamun and vivigibelis to participate in the challenge "SEC-S20W2 | Business Ideas | Dev's Teaching Team".
As a teacher, of course I want to do the best for the younger generation. After opening the school I want to continue providing private lessons. Where currently we can see that this is really needed by students from elementary school to college.
As a teacher, of course I want to do the best for the younger generation. After opening the school I want to continue providing private lessons. Where currently we can see that this is really needed by students from elementary school to college.
Of course, apart from opening up job opportunities for teachers who have just completed their education, this is an effort to make the nation smarter. Even though it is for profit, it is an inseparable part of the world of education in Indonesia today. This was my experience when I took my son to continue his education, I saw that there were lots of offers for private lessons provided in every area I passed. My son even took private lessons when he was going to continue his education at university and got satisfactory results.
Based on this experience, I need initial funds to rent a building for a year and buy the equipment needed for this activity, around thirty million if calculated with Steem, namely 10,338 with the current Steem price of IDR 2,901.73 or $1978.79.
The business that I run certainly does not have the potential to experience losses, because business is about selling services. We just need to improve service and carry out promotions as well as possible. Indeed, in the first month we will not get a high income. However, this doesn't last long, especially since the people who work here really understand what the people who need our services need. Especially for certain subjects, such as mathematics, which require special guidance by users of private tutoring services.
A. Are you earning profit or incurring losses?
In fact, with the business that I run, I will get bigger profits. This is due to the large number of people who need private tutoring services. Moreover, we prioritize quality to attract people to use our services for their children who are having problems in certain subjects.
B. What are your plans to make your business a more successful one?
If possible, I will develop this business even wider. Of course, by opening opportunities for middle school and high school students to take advantage of the private tutoring services that I manage.
C. Are you reinvesting your profits or using them for your personal use?
Because I want my business to be successful, of course I will invest what I get to develop the business I run. The point is that I make business better and open people's views that by opening a business we will become more successful.
D. What are your expenses for your staff and establishment, if any?
Because I manage the business myself with my wife and of course I recruit several teachers who are competent in their fields. For my staff, I will provide profits according to the meetings they hold per month and the meeting salary is IDR 150,000, while the wife will also get an appropriate salary. He will get a percent of the annual income. Of course the question will arise as to why my wife was recruited to be one of the staff, because she is someone who understands finances with her education in financial management and is currently also working in that field.
For working capital I will spend personal capital first. I will make the best use of the funds that have been collected. Of course, I will also utilize my income from my work on this great platform. Indeed, the income from the world of steemit is not too much, but for me I will invest the income I get in the world of education. Even though here I am looking for profit from the business that I manage.
Why didn't I apply for a loan when I would have easily gotten one. This is caused by the high interest on the credit that we apply for. Apart from that, I still have enough capital to run this business.
The business that I run does not only pursue profit, but inside I want to educate the nation's generation so that they are able to stand on their own and become useful people in the future. So learning from this, I hope that the capital I spend will provide benefits to those who need it.
The capital I spend is certainly not much compared to the benefits I get. Not only serving as an elementary school teacher, but trying to do the best for those in need. With the basic capital as a teacher and the finances that I have, of course this is the main thing that will allow my business to continue running without having to look for loans from financial institutions.
In this case, I already have initial capital, namely as a teacher who teaches several fields of study and masters them. Even before I continued my education at undergraduate level, I was already giving private lessons to high school students in mathematics. This is something that can make me more confident in myself. Moreover, currently I have completed two studies at once, namely in the field of mathematics and even languages with a very satisfactory title.
Understanding the business that I run is very important. A business that prioritizes service and is supported by competent people and of course financial support is something that must be considered and must be understood when we want to run this business.
Furthermore, I understand that this business is very promising in the country where I live. And of course this is really needed right now, especially for several subjects from elementary school to college. Apart from that, we must also see that the location we are making as a business center is a very strategic location. Even in this area, although many businesses have been established, we must prioritize quality instead of just relying on income from the business we run. So that our business can survive and get better profits and be able to compete fairly with other private tutors.
Furthermore, support from my wife who understands finance is something extraordinary for me. And of course the support from private tutors who are very competent in their field is what supports every step I take in running this business.
Thank you to all steemit friends who have stopped by my post. Greetings @muzack1
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.