Business & Property

How important is Ambition for Your Property Business?

It is said that to be a businessman you need to be ambitious over everything. Is it true? Does ambition play important role to the success of your business in general? Well, let’s find out!

First thing first, ambition is what’s within you. You cannot borrow or adopt ambition from other people but you. It is just the extension of who you really are and what you want to express. Thus, ambition is like a self-direction that guide you to certain direction. If it is seen from business point of view. It is clear that ambition is one of important things you need because it what drives you to move forward. However, it is also important how much ambition you really need in order to be successful in reaching your goal in your business.

About ambition in running your property business

As mentioned above that ambition is your self-direction. It drives you to express who you really are and what to express. It also influence how you move, what step you take, and how you motivate yourself in general. However, it is also important to know that ambition somehow can lead you to wrong direction. Therefore, it is important how to drive it to positive self-direction. How to do it?

First, you need to build your ambition using the right tools such as knowledge and experience. Knowledge is important and priceless tool in running your business. Without knowledge, you don’t know where to go or what to do with yourself. Knowledge is not only important but powerful. When you decide to involve in property investing, educate yourself with knowledge from trusted sources. You can also educate yourself with the knowledge from more experienced people in the business.

Next thing to help you build positive self-direction is experience. You see, property investment is not a business where you can reach your success in a day or two. It takes years to be able to pay off your loan mortgage. It takes even longer to be successful. However, you should use the time to gain more experience. Therefore, you will become more experienced and skillful investors once you reach the top.

Aside from self-direction, ambition can go wrong if you carry it along with wrong attitude. It is important to possess positive traits. There will be differences between ambitious people who possess positive traits and ambitious people with negative traits. They will result differently. When you are ambitious but you carry negative traits, the success you achieve won’t last long. You may not understand it now but you will along the way of your journey in property investing.

Ambition can go wrong when you don’t have something to control it because being too ambitious can kill you. You see, when you are too ambitious you will be uncontrollable and doe everything recklessly. Thus, you need something that can help controlling your ambition to healthy dose. Things that can help include self-discipline and time management. When you have healthy dose of ambition, you have positive self-direction that will drive you to your destination.

Characteristics of Villas Featured in Exclusive Bali Villas

Exclusive Bali villas is a management company that is specialized at providing villa rental as well as holiday villa in the Island of Gods, Bali. This management company consists of a solid team who are always ready to give you the best service for your satisfying accommodation. You see, staying at villa for holiday is more preferable in Bali. Most visitors choose villa for so many reasons. Some of them are comfort, homey vibe, and location. Most of villas in Bali located in great location such as in front of a beach, in the middle of rice paddies or jungle, or in the heart of the city to grant limitless access.

Exclusive Bali Villas

What makes villas in exclusive Bali villas better?

This rental villa management company is integrated into rental service which means there are various villas featured in the booking list. You can visit the official website and look for the villas yourself to see which one of them fits your needs for your stay at Bali. However, there are different characteristic of villas featured in exclusive Bali villas compared to others such as:

High Standard

Just like the management company’s name, every villa featured in is exclusive. It means, every aspect of villa meets high standard. Started from interior and exterior design, appliances, staffs, and service, everything is well managed and designed to meet your high standard of exclusive villas. Therefore, you will be enjoying your holiday to the core if you book one of the featured villas. Every villa has been through thorough selection by the team so that not to disappoint every potential guest.

Well-managed property

Every villa featured in this management company is a well-managed property. It has regular maintenance and always taken care of. Thus, you won’t find dusty chairs, rusty furniture, or garden full of dead leaves. Everything is organized even prior your arrival. You don’t have to worry that the villa you book will disappoint you. In fact, you can even request additional requirement such as setting a fence around the pool to ensure the safety of your kids, or asking for additional high chairs or baby cots for your kids.

Modern and compact

You see, even though some villa featured in this management company is designed in traditional Balinese style, they are fully-equipped with modern and compact facilities. For example, every villa has ensuite bathroom and some even has Jacuzzi. Every villa has also modern electronic devices including smart TV, modern kitchen appliances, and even some have bars.

Cook service

Every villa also has special cook ready at your service if you needed. If you don’t feel like eating out, you can just relax in your villa and request for some meals to cook. The staff of exclusive Bali villas will prepare dishes according to your requests. You can ask for traditional Balinese dishes, or more western styled ones. You can even ask for a buffet and party snack if you feel like it. Just make sure that you send request at least four hours prior notice so everything will be prepared thoroughly.

Business Competition – How to Determine the Real Threat

Many businessmen would like to take dominance of the market, gather all customers and be ahead from their competitors. An entrepreneur has a dream to change the world. However, startup businesses, fortunately, don’t have to change the world or make a new market.

Determining the threat in business competition

You still can give a good contribution to make people’s life better even when you just created your company.

As a newborn business, you don’t need to create something that is really new and original. In most cases, all you can do is invading the incumbent’s regions and soon, they will fight you back.

Here is a big problem for you since they have advantages on all sides.

The incumbents have the reputation, infrastructure, name recognition, products, services, staffs, capital, supply chains, contracts, logistics and more.

You, on the other side, have to develop those functioning business. It is, in fact, slower, harder, and more expensive than people think. The incumbents can do anything that a startup can do. But, you need to take note that it doesn’t mean they are going to do it. You should be able to figure out whether the incumbents you invade is now roaring or sleeping.

Watch how the incumbents talk about their market development

There are always changes that occur in the market. Look carefully at how the incumbents giving their response.

If they claim that they have done reorganising for a better serve and saying something vague like they believe their stock will be poised to recover, you can make sure that they are sleeping.

However, if the incumbents start to take some actions like hiring creative technologists, not talking much about the R&D, or taking collaboration with unconventional allies, then you should be aware. They are preparing to fight back.

Watch how the incumbents talk about their own

Keep track of the incumbent’s actions. If you see they are talking about investments and planning to focus its use on markets, then you should certain that they are roaring.

On the other chance, they might only talk about budget or blabbering about their happy results last period. These topics typically inform you that they are sleeping and you can be relaxed as you planning for your next strategies.

Watch how the outcomes make them think

The incumbents often still are the king when a new company enters their market. Their stock price will be rising for years and their revenue is still growing. However, if these good results make them have faith that they are safe and do nothing, they are actually being careless.

In the worst case, they will be crushed eventually.

In many cases, when a company thinks that their strategy is good enough and working properly, they will not change anything nor anticipating new threat. They are just daydreaming, not knowing that it will lead to their own downfall.

Watch if the incumbents think that they own the market

The incumbents may quickly be satisfied when they have large customers and think they will be faithful. In fact, there are no “our” customers. No company will own customers except if they have done unbreakable contract or changing to other will be much more expensive.

Customers will always welcome a new product that will treat their dissatisfaction. If the incumbents think they own the customers, then it means they are sleeping and you can successfully invade them.

Tips for Successful Property transaction

Buying and selling property is common in property business. Lots of people believe that the cycle of property market is the key for successful transaction in property business. However, it is not entirely true because in reality, there are other factors that hold important factor for successful transaction. Property market plays important role in property business and investment. However, it is not the only thing that matters the most. In fact, the right strategy can overdo any kind of property market’s cycle. In property transaction, there’s seller and buyers. Both have their own purpose in doing transaction. However, both have similar goal, which is to get the best deal.

Successful transaction in property business

Investing in property is promising yet challenging at the same time. There’s complex stages and phases you need to go through before reaching your success. It may take years before you can pay your mortgage fully or earn your well-deserved profit. Patience is key but the right strategies can lead you to success closer. Here are some tips both for seller and buyers in making successful property transaction:

For seller

Selling a property investment is not easy because there’s various factors you should take into consideration. You can search for property by yourself. However, it may take a lot of time. Thus, it highly advised to hire professional agent who knows very well the local property market. You should also choose agent who is great at negotiation. Do not choose agent because of cheap price because you may only receive half-hearted service.

The next thing to do is setting the right price. To decide the right price, you need to calculate based property market flow and other important factors. If you set the price too high, it will be harder to find potential buyers. However, setting it too low will put your financial plan at risk of losing too much. Choose the right strategies to sell your property. You can put it on the listing or at auction. Discuss this with your agent will be very helpful.

For buyers

It is highly advice to not rely on cheap price when buying a property. Instead, look for investment grade property. There’s various due diligence you need to do before finding the right property to buy. Researching market is one of them. You also need to plan your portfolio to acquire the right investment property. If the price that the seller set is too high for you or out of your budget, do not waste your time by waiting for them to lower the price. Instead, it’d be better if you move on and find another one.

Do not let the word ‘perfect’ deceive you because if you keep waiting for perfect property you won’t ever find it. Delaying reaction in a dynamic market may lead you to miss out promising opportunity for a great deal. Thus, plan your strategy to find the right property in the right location at the right price. Another important thing to remember is do not let your emotion or personal attachment cloud your judgment.

What Makes Bali Villas Better Than Other Accommodations

Choosing accommodation is a matter of personal preference. Every individual has their own preferences to state their ideal place to stay during a vacation. However, Bali villas are most preferable amongst visitors. Of course, Bali has other accommodation including hostels, resorts, hostels, guest houses, etc. however, the number of villas in Bali are incredible. There are various types of villas as well that you can realize every of your fantasy for a perfect holiday. You can stay at villa overlooking the magnificent ocean while feeling so close to the clouds. Everything is possible when it comes to villas in Bali.

Bali Villas

Choosing Bali villas over other accommodations

Villas in Bali are varied in sizes, prices, and locations. The features are also varied from one villa to another. You can choose the one that fits you. For example, you can book a villa located in more secluded area if you are having honeymoon. Or, you can book a villa with high-end facilities if you are having luxury vacation. The choice should reflect what you need for your dream retreat. Here are some reasons why most Bali visitors choose villas over other type of accommodations:

  • The perk of staying at villa during your holiday in Bali is that you don’t get stuck in a long line just to have breakfast. You don’t have to wait in line just to enjoy your leisure time in a daybed because the others are using it. Or, you don’t have to share the pool with other guests. Villas give you more privacy. Even if the villa is not entirely private, at least you don’t have to deal with the crowds. The number of the guests you will encounter with are only a few.
  • Friendly, experienced staffs. When you stay at villa in Bali, you don’t have to lift your finger to do mundane things. Cleaning, laundry, or cooking are not included into your itinerary. All those jobs belong to the friendly, exclusive staffs. Villas in Bali have already had in-house staffs ready at your service. They are well-mannered, experienced, and can speak basic English at least.
  • Staying in villa means you can save money. It is even better when you travel in group because you can split the rent. You see, some resort charge up to $300 per night. If you need two room, the price is doubled. However, you can find villas with 2-3 bedrooms for less than 3300 per night. Who says villas in Bali are expensive? You can find the one that is more cost-efficient if you search enough.
  • Another reason why staying at villa is better than at other accommodations is modern facilities. Some people are worried that facilities and appliances in villas are less modern. However, Bali villas are well equipped with modern facilities. Entertainment system, kitchen appliances, and cable TV are usually included in the package. You also will be able to enjoy en-suite bathrooms and infinity pools. Those just make your holiday in Bali more perfect that you could ask for.

Handling Garden Maintenance Issue for Property Investors

Outdoor property maintenance is as important as the inside at some points. Of course, tenants will stay inside for the most of the time. However, every tenant also wants to have beautiful, neat yard.

Garden maintenance issue for property investors

When you rent your property to the tenants, you need to set the right plan to address your and your tenant’s rights and responsibilities. Thus, there won’t be misunderstanding especially when it is about property maintenance. To help handling property management, you should consider professional property manager.

However, you still need to deal with administrative stuffs such as contract and agreement including related to outdoor property maintenance.

Issues coming from garden maintenance

Every tenants must want to live in a property with beautiful and well-maintained garden. Nobody wants to live in a messy yard full of fallen leaves. However, the issue of garden maintenance sometimes can be confusing for both tenants and landlords.

Having beautiful garden is a nice treat for tenants. However, it its maintenance is quite a chore. Sometimes, garden issue is left neglected by both landlords and maintenance which can cause another issue rising between two parties.

Know your responsibility of garden maintenance issue

As property owner, you have your own responsibility of garden maintenance. Basically, this can be discussed with your tenants to agree which responsibilities are for tenants and landlords.

Generally, you and the others, as the landlord and property investors are responsible for basic maintenance and providence such as providing hoses, sprinklers, reticulation system maintenance, cleaning gutters, as well as tree lopping.

You need to provide tools and equipment to maintain the garden. However, if tenants accidentally broke them, they are liable to replace broken equipment using their own money.

Meanwhile, your tenants have responsibility to maintain the garden regularly to keep it grow beautifully and well-maintained. They are responsible for edging and mowing lawns, weeding, watering, pruning, as well as fertilising.

These are considered as general maintenance. Basically, your tenants is responsible to keep the garden to be in the standard set at the beginning of the tenancy. It is great if your tenants are willing to nurture the garden and plan some flowers or trees. However, make sure to let them know that they have to notice the matter to you or your property manager beforehand.

Tenants also can advise property manager if there is any potential issue regarding to garden maintenance such as blockage or water leaks.

If they don’t report the issues and the damage is getting worse, it is tenant’s liability to handle the problems. Garden maintenance sounds like a simple issue. However, it often leads to another issue which cause misunderstanding and misinterpretation between tenants and landlord.

To avoid unnecessary dispute, it is better to talk about this matter from the beginning of the tenancy. This way, both parties know what to do and what to expect from each other regarding to maintaining the garden. Professional property manager will help you and your tenants to understand more about Property Condition Report so you know and comprehend your responsibilities better.

Best Social Media Management for Business in Bali

Social media management can be the new thing that you just heard whether your business in Bali will needs it or not. And if you really wanna know the answer for that, there will be 2 clues I will tell you where they are relating one another. The first one is if your business has its own official site and secondly when your business want to be developed through digital platforms.

You have known that developing your business in Bali especially in tourism industry can be hard sometime. You will need more strategies for that and if you have been built its site before, you can actually get your business even further by collaborates it with the usage of social media platforms.

Today, even the social media platforms themselves have their own advertisement services such as Facebook and Instagram ads. Both of them can be used to help developing your business as well ever since the tourism industry in Bali is increasingly high in competition.

To reach more customers, your business in Bali need to use more platforms as your strategy and if there will be one or two platforms that are performance the best, you can left the others while focusing your work to optimising the better platforms you have practised. In this case, I am reminding you that social media can also be the main platform to help your business to be developed. It will also be the main support for your business official site to get more visitors where they can see what you are offering them in there.

The other reasons your business in Bali will need the social media management services

Before we are getting farther about the topic, have you been known about the benefits of social media management in general? If not, let me give you some things that will make you think that you should have use social media for not only connecting with your family and friends, but also with your customers whether the old ones or the new customers your business potentially to get.

Best social media management for business in Bali

Using social media platforms for your business mean you will gain more followers, you will need to prepare the daily or editorial posts, customer interactions through comments, likes, etc, and lead them to your main business website to make them know more about your offers.

You can also make use of the social media platforms to help you introduce the brand awareness or new products and services you have in Bali to your customers even up to getting them to know about the promo or deal that your business is offering.

And surely there are more benefits you will get by realising that your business will need to get the social media management Bali to gets it to the next level by making use of the digital marketing strategy.

Best things you can do to start managing your business social media accounts

I won’t telling you that you will need to sign up on Facebook or Instagram. You have known that for sure, nor I will show you the tutorials how you will do it. But, I will tell you that the first important thing you can do is determining which social media accounts should be registered first.

For that, you can start with the 3 or 4 popular social media networking sites in the world such as Facebook, Instagram, Twitter, and YouTube. Each of those networking sites have their own type of contents so you’d better prepare yourself for that.

For example, Instagram is great for image and video posts, Facebook is good for text and image or video as well, while YouTube itself is focusing on video content with a bit description. And Twitter? There you can find many influencers.

The question is that, can you really prepare and planning about all of the contents for the platforms? You may don’t need to use all of the them but even if you will only focusing in one platform, can you really get a time to prepare the daily contents?

It is important to publish daily posts since this may your first time using social media for your business in Bali. So, you will need to gain trust from the users so they can start following you.

Let me tell you that your post will need a good image, good words in it, hypnotising descriptions and a bit of viral luck through the use of hashtags or by mentioning the popular influencers. You have to think about all those and they will really take your times and then what you will take longer time to optimising your social media accounts since you are dealing alone with all of that.

No wonders, many of the other businesses in Bali are finding the social media agency for that. They are asking the agency to increase their followers, making the contents for the social media accounts to tell the followers they will keep getting updates, up to asking the agency to create good copywriting for the digital ads they are putting on Instagram or Facebook for various purposes.

I am sorry but I think that you will not really focusing on that. You’d better find a social media agency too or visit the one that mentioned above for that so you can really focus on what you were doing before the social media networking stuffs coming up.

Choosing the Right Decision for Your Family Home

There might be a time when you need to move to another place for personal or professional reasons. However, leaving your family home just like that seems to be wrong. If you are involved in business, you must have known that vacant home will be a waste. Even if you have memory of your family home, you need to do something so it won’t become a vacant property where the occupiers are just dust and dirt. Your family home is your asset. You still can make the most of it even when you need to relocate. There are many options you can choose. You can sell it, rent it, or make it as your holiday home. However, you should know that you can also make profit from it. Besides, your relocation may also require you to settle your finance.

What’s the best thing to do to your family home?

No matter what choices you make, there will always be some ramifications emotionally and financially. Some people may choose to sell it and leave it all memories behind then start building new memories in new place. This choice would be ideal especially if you don’t have plan to return. However, it is best to take some considerations before making decision because everyone has different situation. Here are some of them:

  • Relocation means you need budget to cover your expense during the transition. Therefore, you need to start planning your budget. If your financial situation can cover it well and you don’t have to sell your family home, might as well hold it. You can rent your family home instead. If your financial situation is tight, you may consider selling it.
  • Aside from financial consequences, there is also emotional experience while something like this happens. Your family home has lots of memories of your life. If you are planning to return to your home in few years, you may considering renting it out. It can help maintaining your property while you still get passive income.
  • If you are planning to rent your asset, you need to do some research of the rental demand in your area. If it is low, it is not recommended to rent it out especially when the vacancy rates are high as well. You may need to talk with the local agent to earn some advice.
  • You also need to consider your ability to become a landlord if you are planning to rent your family home out. Landlord has responsibilities that you can’t neglect. It means you have business to take care of. Managing rental property needs dedication because you are not just sitting while waiting for the tenants to pay for the rent.
  • You can also talk with others owners of the house if it is held in joint names. This can be good solution because then you don’t have to think of yourself. The others will have their opinions which can come up as best ideas for the solution. You may also need to trust your gut in the end.

Locations That Can Be Great For Your Property Business

There are various ways to run your property business. One of them can be the good chosen location right before you are building your property empire or buying one that have been built before.

Locations for your great property businessChoosing the location is vital especially to know how the surround area will be developed in the future. So does the value of the land itself when the area will becoming popular one day or have been well-known by the others, both can be analysed and turn them into how you will make the decision.

The interesting thing about the land itself is many of the lands have the prices that are keep on increasing each year. Even, there are those who are buying the land and then don’t uses it at. There is not any activity and no development at all for years and they are waiting for the right moment and price as they have wished for, so they can be selling it with a good price.

There’s not even a maintain cost for that, so there are higher change to get the higher return of the investment.

Several locations to make a great property business

Knowing that the location is so important and can even bringing you more benefits, then finding the great locations for running the property business is even getting more important than before.

The better the lands are located, can possibly be the better for your business as well.

So that, I think that it can also be vital for you to know where the locations you can think about to buy or rent when its come to make a great property business in the future.

1. Think about to looking for the location that has been affected by the development of the CBD

You have know what the CBD is, right? If not, it is where the Central Business District is.

As the central of the business district, it is commonly will be known as the central of the city as well or at least as part of it. There will be more development as well as the complete utility has been provided.

Since this kind of location is somehow developing so far, then its development is also spreading and affecting the outer area of it. And the other areas will take some advantages where the development of the outer areas can also be developed.

But, you may won’t get the property at the CBD since it has been full booked until forever. So that, you need to see and analyse the outer locations of it that has been affected by the development of the CBD itself since developing the area as well as your business can be easier in the future.

2. Where people are getting to work?

CBD can be the place where many people are working. But since the place somehow impossible for many of us, then we will turn into where the other popular areas that have been developed especially where the business is running well for many of us.

I am talking about the other CBD’s that has been existing in a city or region even though it can’t be the main CBD at all.

There must be the other places that where workers are also so many in numbers so the areas becoming more popular.

This type of location can be a good business for properties such as boarding house for the workers, restaurants and mini-bar or where workers can hangout at noon, etc.

3. Where people are heading when traveling?

Have you been realised before that any kind of destinations can be the great places for your great property business in the future? It is because of people or travellers will keep on visiting everyday or in the certain times.

The important thing is that, you are getting bigger chance that there will always the crowds that will keep on visiting, so your property business as well can take advantages of them.

Be the accommodations such as hotels, renting the hostels and villas, and many others.

If you can at least one property business on above location, that can be the great investment you have ever made in your life and your business can also be developed easily since there have been many things provided on the locations.

Why You Need to Level Up Your Kitchen Space

The kitchen is arguably one of the most important spaces of the house, or so they say. More and more modern houses put a lot of importance in the kitchen area. While it used to be that open-plan floors where the kitchen and the rest of the living room are joined to save space, it’s a different matter now. Space saving, while it used to be one of the purposes of optimizing a kitchen, now has evolved. Kitchens are stylized and highly looked after. Here are merely some thoughts on why modern houses put a lot of importance on the kitchen. And moreover, why you should start upscaling your kitchen too, especially if you’re looking to increase your property’s value.

The kitchen is both a personal and social space

Entertaining guests happen in the kitchen. This is apparent, particularly with today’s houses. The kitchens are no longer an isolated place merely for everyday chores. Today, potential homebuyers are looking for more than functionality and aesthetics, but rather, a balanced combination of both.

Your kitchen is the focal point of the space

A center of the attention—that’s what a kitchen often is. It is not merely a place to cook and store food items anymore. Kitchens are the heart of the entertainment space in a house. These days, it is vital for property owners to have a good presentation of the kitchen and its surrounding spaces. If you’re still thinking of designing a house with separate space for the kitchen, tucked away at the back of the house somewhere, think again. When done correctly, the kitchen could be an asset to your property.

Well-designed kitchens have been known to increase a house’s value

Because the kitchen is often the focal point of the ground floor, it is the first thing that anyone walking in would take notice. Styling your kitchen to get it fit for presentation is extremely important. Regardless of your kitchen’s size, styling the kitchen does not have to be a headache-inducing business. Start by mapping your kitchen. Knowing the layout of your kitchen, first and foremost, is the key to leveling up your kitchen space.

A cleverly designed kitchen saves space

One of the open plan floors’ functions is that it saves so much space. But space is not merely the advantage of a kitchen as a focal point of the living and dining spot. The fact that the view is to the whole space is going to be unobstructed gives an illusion of largeness. This is an obvious advantage from an aesthetic point of view.

The kitchen is pretty much the new living room

A long time ago, it used to be that kitchen is the place that was tucked away, hidden from everyone. This is especially apparent in older houses. One of the prime examples of this is the houses of the nobilities, where kitchens are a part of the servants’ territories, and the masters of the house seldom visited. In contrast, these days, there’s often they often say that the kitchen is the heart of the house. Your kitchen influences your life’s flow. And even the day starts in the kitchen. So it’s time to spruce up and sweeten up this important place of your house.