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10 Tips For Business Strategies When Facing An Economic Recession – Today, Indonesia is entering a difficult economic period like in 2008: the economic recession. A time that makes sad memories for business people to bounce back. The storm of the corona virus pandemic since the beginning of 2020 has apparently eaten up the sectors that are the defense of businesses. economic sector. However, like it or not, business people have to prepare everything. An economic downturn or slowdown is an unavoidable reality for anyone who has been in the business world.

You or your competitors must prepare for the storm of recession that is expected to last quite a long time until 2022. As long as the pandemic is not over, business people must rack their brains on how the business can survive even though it has to experience a downturn. Therefore, a diverse and mutually protective business strategy is needed in the face of a recession. To find out more, you should read carefully first and apply this business strategy so that you are ready when facing an economic recession.

10 Tips for business strategies when facing an economic recession

1. Manage finances
Having a reserve or emergency fund is quite important when facing a recession. With it, you can know which parts need to be patched or pushed to meet your needs. However, the most important thing is to manage finances. The trick, you can map out which income and expenses are a priority. You need data, it can be in the form of offline or online. However, it would be better to use a spreadsheet for easier financial recording. From there, you can project your income and expenses in the next few months.

2. Control the variable cost
One of the effects of this pandemic is a drop in sales. The reason is as previously stated: the decreased mobility of people will automatically reduce the purchase demand for various types of products sold by business people. For example malls, restaurants, cafes, car and motorcycle dealers, hotels, tourist attractions, airlines, to gadget outlets; all experienced a significant drop in sales. The simplest way to deal with falling sales is, of course, to reduce variable costs (or costs that fluctuate according to sales volume). In other words, reduce production if the culprit is the producer. Or reduce the volume of goods if the business is as a reseller or sales agent.

3. Control fixed costs
In addition to variable costs, another strategy for a business to survive is to cut fixed costs. These fixed costs are costs that are relatively the same, even though sales drop. When sales fall due to the economic recession, this fixed cost should ideally also be cut. Because if not, it will automatically become a heartbreaking financial burden.

4. Apply changes
Now that you’ve identified the problem areas in your business, it’s time to make changes that will make your business more resilient in any economic climate including during a recession. This could include: realigning your staff or restructuring your organizational chart, evaluating products and services, adjusting benchmarks and projected growth targets, and prioritizing issues that have the potential to hurt customer satisfaction, business culture and your bottom line.

5. Create relationships with customers
Instead of thinking about how to attract new customers, you better manage existing customers. Because, they are the ones who really understand how the quality of your product or service is. Maybe you don’t need to offer a new product but a certain price promotion. From an affordable price, customers are pleased to transact again. In addition to offering price promotions, you can communicate by sharing any stories, such as handling health during a pandemic. It’s not just about your product or service. Because loyal customers are the key to the continuity of your business.

6. Build connection with clients
One by one businesses collapsed with the recession. If you don’t want that to happen, apart from creating relationships with customers, you can also build connections with clients. Of course, clients don’t want your business to fall too. So, make the best service for your clients. Maximum service makes it easier for you to continue your business. When clients are satisfied, they will share their experiences when using your product or service. From there, you can build relationships with new clients.

Also Read : 5 Things You Need to Know About the Economic Recession

7. Find alternative income
In the era of a pandemic, especially a recession, there are many things that must be avoided. So, to overcome this, you must be able to change it in various ways, not only selling online. You can also offer new products, create webinars, or provide online consultations. In addition, if you choose to walk the digital path, don’t forget to use a website in building a business to maximize advertising. This method is the best so that your business or business continues to grow.

8. Sell online aggressively
For some types of businesses, this is a reasonable choice. The drop in sales of some businesses was due to the fact that there were restrictions on people’s mobility. Through online sales (via social media, via online marketplace or also via Gofood), the drop in offline sales can be compensated, and even turnover can even increase. For example, now there are many food outlets that can survive because they join Gofood and Grabfood services, even though their offline sales are suspended due to the pandemic. The point is that during a pandemic like now, many businesses have to aggressively sell online. They have to start seriously doing digital marketing; and can’t just rely on conventional face-to-face sales like they used to.

9. Give clear goals tujuan
Every time they enter a problem, business people sometimes start to doubt. Is the path he chose really appropriate or just stop here. Therefore, to fit the track, business people, including you, must provide clear goals. Where do you want to take your business next? Leveling up …

Measuring Luck in Playing Online Slots

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Measuring Luck in Playing Online Slots – Online slot gambling games are indeed very famous for games that can be won with great luck.

Anything labeled “free” is sure to attract attention. Of course who doesn’t want to get free food, free books, free liquor and so on. It’s the same with casino games, especially slot machine games. No self-respecting slot addict will miss the opportunity to test their luck on free online slot machines. For slot joker123 deposit beginners out there, free online slots also offer the opportunity to have hands-on experience playing the game. From curious beginners to slots experts, anyone deserves free spins of online slot games.

You may be wondering what the fuss is all about free slots. Well, free slots or free slot machine games are common in online casinos. These types of slots are created to provide real slot machine game simulations to beginners and experts alike. Beginners can understand the game clearly through hands-on learning while experts can try their strategies in each free slot spin. Since free online slots are simulations of actual slot games, the terminology and variations of the game are the same. You can even win in free slot games but of course you will not collect any amount of money. Instead of a financial reward, skills are honed and a dose of entertainment is obtained from it.

For those who are completely clueless about slots, here are some of the terminology used when playing games on free online slot machines or on actual slot machines:

• Symbol – refers to the image on the spinning disc that makes up the winning combination

• Reel – a disc that spins when the machine is set to play; The combination of symbols displayed after the reels stop spinning determines the fate of the player

• Payout – refers to the prize given to the player every time he wins

• Payline – refers to a line or lines with equal prizes

• Progressive jackpot – this is the amount of money that keeps increasing as the person hits the right combination of symbols in each round of the game

As with the actual game, variations in online slot machine play include multi-line slots, multiple payout slots, and progressive jackpot slots. In multi-line slots, all you need is a series of lines containing the winning combination of symbols. This variation provides more payouts compared to traditional slot games where there is only one payline. In some payout slots, payouts increase as more coins are added in each game. Players who put in more coins get more of their winnings compared to players who put in one coin. In progressive jackpot slots, prizes jump into the millions as the pot money increases as more people play the game.…

5 Things You Need to Know About the Economic Recession

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5 Things You Need to Know About the Economic Recession – Minister of Finance Sri Mulyani Indrawati revised the projection of economic growth in the third quarter of 2020. According to him, in the third quarter, the Indonesian economy will likely experience a contraction of minus 2.9 percent to minus 1.1 percent. The overall economic growth at the end of the year according to him will also be in the range of minus 1.7 percent to minus 0.6 percent. According to him, economic growth in the third and fourth quarters will also be negative. Therefore, it is possible that an economic recession in Indonesia will occur.

Here are 5 things you need to know about the economic recession that is predicted to hit Indonesia:

1. Understanding economic recession

Senior economist at Gadjah Mada University (UGM) Muhammad Edhie Purnawan explained, economic recession is a term in macroeconomics which refers to a significant decline in economic activity. Where, he continued, the consensus of world economists stated that there was a decline in real economic growth for two consecutive quarters (diminishing GDP) accompanied by an increase in the number of unemployed. “However, with reference to the National Bureau of Economic Research (NBER) in the US, which usually officially announces a recession, it is stated that the decline in real GDP for two consecutive quarters is no longer the definition of a recession,”

During a recession, the economy struggles, people lose their jobs, companies make fewer sales and the country’s overall economic output declines. Experts say a recession occurs when a country’s economy experiences: negative gross domestic product (GDP) negative increase in unemployment rate decline in retail sales a measure of manufacturing income that contracts for a long period of time Recession is considered an inevitable part of the business cycle that occurs in a country’s economy .

2. What to prepare

In the midst of the current economic situation and the possibility of a recession, the public is urged to be wiser in managing their finances.
“It’s not wasteful, use your income wisely, try to keep saving so you can use it when needed,” said Piter. Senior economist Didik J Rachbini also suggested the same thing

In the midst of these very limited conditions, according to him, money is seen as “king”, in times of crisis it is really used wisely. Meanwhile, citing Good Housekeeping UK, here are four things you can do to keep your finances from being hit by a recession: Prepare an emergency fund Reduce unnecessary expenses Cut credit card bills Build a side business

3. What people can do during a recession

Financial expert Ahmad Gozali said the impact of the economic recession, especially on the lower classes, was the rising unemployment rate. Gozali said that there are several ways to survive in the midst of a recession, namely: Protecting sources of income As an employee, according to him, you should not be aggressive in changing jobs first before there is certainty that a new job is more stable. “For those who have businesses, reconsider expansion plans,” said Gozali. Have a reserve fund He said that the reserve fund should be maintained at 3-12 times the monthly expenditure in liquid form. “It means, if it’s less than that now, it can be added by reducing high-risk assets and increasing liquidity,” said Gozali.

Hold on to large purchases, especially credit. If you had a vehicle or home loan plan previously, it is necessary to study the risks again. “Is it safe enough to continue the plan. Don’t be too pushy, for example, using reserve funds to pay down payments,” explained Gozali. “The point is that reserve funds are becoming increasingly important, don’t use them for other things first. Even if you can add them,” he continued. Keep spending regularly “Because household consumptive spending on important things in Indonesia has become one of the dominant economic drivers,” said Gozali.

Also Read : Simple Actions To Win Online Slot Gambling

4. Economic depression

If the economic recession continues, it will enter the so-called economic depression. According to UGM senior economist Muhammad Edhie Purnawan, the economic depression is a severe and prolonged decline in economic activity. “In macroeconomics, depression is generally defined as an extreme recession that lasts for three years or more or causes a decrease in real GDP of at least 10 percent,” said Edhi. According to him, depression is relatively less common than recession (which is milder).

Economic depressions tend to be accompanied by massive unemployment and low inflation. Even worse, it is called the Great Depression. “(The Great Depression) is the largest and longest economic recession in modern world history. This Great Depression began with the collapse of the US stock market in 1929 and did not end until 1946 after World War II,” he explained. Furthermore, he added, world economists and historians often refer to the Great Depression as the most devastating economic crisis in the twentieth century.

5. The impact of the recession

The following are some of the effects of an economic recession that have occurred in a country, namely: People lose their income One of the most dire consequences is that people can lose their income. This happened because the economic slowdown made several companies close and no longer operate. That way, many companies are doing Termination of Employment (PHK). The decline in people’s purchasing power With the large number of unemployed people, it also affects the level of consumption and people’s purchasing power decreases. This also has an impact on the company’s profits which have decreased. Investment The economic recession also affected investment instruments made by the public, one of which was in the financial market. This is due to a decrease in the value of a portfolio or asset such as a stock. Unstable dollar exchange rate An unstable dollar exchange rate will cause the value of the rupiah to weaken and have a direct impact on Indonesia’s import-export sector. Interest rates High interest rates will cause Bank Indonesia to withdraw the rupiah, …

Simple Actions To Win Online Slot Gambling

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Simple Actions To Win Online Slot Gambling – You can get the benefits of playing online slot gambling games with a variety of simple actions that can give you big profits.

The slot is further away from its relatively simple design when it was invented in the 1800s compared to the major improvements made to slots today. When Charles Fey invented the first three reels of the “one-armed bandit” in 1887, he could imagine technological changes to his simple plan for gaming on machines.

Today, the large casino halls reverberate with the sounds and lights of hundreds of highly computerized, software-adjusted slot machines featuring virtual reel screens that delight, inspire, and disappoint the millions who play slots every year. Now the slot machines are coming home, right on your home computer and you don’t even have to take the bus or plane. Online slots are quite new to slot machine players. Convenience, convenience and a large amount of information to help beginners play online is extraordinary. Although online slots are fairly new, the evolution of slot machines continues, as hundreds of pound machines in casinos have shrunk and rolled and placed right in the palm of your hand, calling to your fingertips.

Mobile slots are not much different from online slots. The only major difference is that you play on your mobile instead of online or in a casino. Developers have created software that is as vivid and colorful as the original. Here I’m going to share with you five simple steps to get you spinning and betting on your mobile device in no time.

Step One-Get an Internet-Enabled Phone

To play slots on your mobile you need an internet-enabled phone. The variety of branded cell phones that can be connected online is huge. Getting a suitable phone is very important especially the graphics quality of your phone to enhance your slot playing experience. You are advised to know where you are going to play mobile slots before you buy a new phone if you don’t already have one. You must know the requirements to play on your mobile. joker123 sites that provide mobile slot games will ask you to select your phone from a list of compatible phones. You don’t want to get a new phone and then find out that it doesn’t meet the requirements.

Step Two-Get Operator

Once you get an internet ready cell phone, you should have internet connection service on your phone. If you already have an internet-enabled phone, you will need to check with your carrier if there is an additional charge for connecting online. You’ll need to activate your data plan if it doesn’t work. If you are not sure that you have data enabled on your phone, try visiting the WAP website. If you can see the website, then you have a service. It is always better to have an unlimited data plan with your carrier.

Step Three-Download the Software

Once you have your phone and connection, it is time to download the software online. Not all slot gaming websites offer mobile slot action. You can always look for one that offers mobile slots. These sites use an application called a wireless application protocol or WAP. WAP is used by wireless communication devices such as your cell phone. The address where the software is in the WAP application and the web address will reflect this. For example the address will be like this: www.wap.mobileslot.com…

Second Homecoming Prohibition Has No Impact on the Economy

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Second Homecoming Prohibition Has No Impact on the Economy – For people who want to go on a trip, they must think that if going home is prohibited, it will have an impact on the country’s economy because everything from clothes to vehicles is not used.

This second ban on homecoming will not have an impact on the economy. Because, in this year’s Lebaran, the public is quite enthusiastic about online shopping activities. several stimuli including PPnBM for automotive, and PPn for property. In addition, there has been a visible recovery in the consumption sector, so public confidence in spending has also increased.

National economic growth in the second quarter or the April-June 2021 period reached seven percent. He is optimistic that it will achieve the target due to a number of indicators, ranging from the realization of foreign investment (PMA) to the consumer confidence index (IKK) which continues to improve.

PMA realization has also reached 54.6 percent. While the IKK per March 2021 for the community group expenditures below Rp. 5 million reached 90.1, or close to the normal zone of 100.

Also Read :Pertamina continues to Realize a Green Economy

Not only that, he continued, the development of exports and imports has also returned to normal, including government spending which has been on a positive path. The increase in commodity prices, such as palm oil, rubber, nickel, copper, and coal, has stimulated economic recovery, which is reflected in the improvement in regional economic conditions during the first quarter of 2021.

Because of this, the economic condition in Sumatra Island is recorded to have approached a positive direction of 0.86 percent and Java Island is at 0.83 percent. Meanwhile, some islands in central and eastern Indonesia have experienced positive economic growth, namely Sulawesi at 1.2 percent and Papua 8.97 percent.…

Pertamina continues to Realize a Green Economy

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Pertamina continues to Realize a Green Economy – back to Pertamina’s plan to realize an increasing economy without turning red on the economy with several efforts made by the industry.

The Grand National Energy Strategy for energy transformation and strengthening green economy, green technology and green products, PT Pertamina (Persero) continues to prioritize various energy transition programs towards new and renewable energy by utilizing abundant energy sources in the country and optimizing the infrastructure of existing businesses. .

Currently, Indonesia is still facing challenges in overcoming the current account deficit due to high energy imports. On the other hand, Indonesia is a country that has large domestic resources that can be used as raw material for energy.

Read too : DKI economys is still sick due to the COVID-19 pandemic

program to reduce imports of diesel fuel, through the implementation of Biodiesel B20 since 2016 and continued with B30 in 2019. Reducing dependence on LPG imports, Pertamina is running a coal gasification project to become Dimethyl Ether (DME). To decrease imports of gasoline for the type of gasoline, Pertamina will mix Methanol and Ethanol with Gasoline. Methanol can be produced from natural gas or coal gasification, and Ethanol can also be produced from coal gasification or other bio-ethanol sources.

To ensure the sustainability of existing business lines and address environmental issues from coal gasification, added Nicke, Pertamina is simultaneously implementing Carbon Capture Utilization and Storage (CCUS) technology to reduce carbon emissions and as part of efforts to enhance Oil and Gas Recovery in Pertamina’s wells to increase the country’s oil and gas production.

With this, Pertamina is also exploring the potential for cooperation with Exxonmobil and is conducting a cooperation study of CO2 injection in the Gundih exploration field and in the Sukowati exploration field in collaboration with several other partners.

…

DKI economys is still sick due to the COVID-19 pandemic

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DKI economys is still sick due to the COVID-19 pandemic – , economy although it is currently running, it is possible that the economic crisis will still occur due to the current pandemic.

the economy of the capital city has not yet recovered from illness due to the impact of the COVID-19 Pandemic. For example, many residents buy retail rather than wholesale in Tanah Abang.

Also Read :World Economic Forum in Singapore Postponed

In fact, before the COVID-19 pandemic, people usually shop in Tanah Abang up to a count of scores. But, this time it was different.this happened because many residents were eyeing cheaper prices. In the past, traders shop in large quantities to resell them to residents, now residents buy them directly from Tanah Abang because they are cheap.

To increase purchasing power, the trick is to encourage DKI Jakarta Provincial Government to spend more on Micro, Small and Medium Enterprises (UMKM) products. during the Eid al-Fitr momentum it can increase the purchasing power and economy of DKI. He will also continue to monitor its further developments

by registering for UMKM, giving them an NPWP number, by ordering via e-katologist. so that they can directly order the UMKM so that they can serve directly to the government…

World Economic Forum in Singapore Postponed

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World Economic Forum in Singapore Postponed – The economic meeting which is usually held annually by Singapore has been postponed due to several obstacles. The annual meeting of the WEF, which brings together political, business and academic leaders, usually addresses pressing global issues. Traditionally, this meeting was held at the end of January each year. The meeting was attended by around 3,000 participants who gathered in Davos last January. But the COVID-19 pandemic has seen this year’s event move to Singapore.

The World Economic Forum (WEF) has postponed its special annual meeting, which was supposed to be held in Singapore in May, to August. The reason for the delay is considering the current global COVID-19 situation. The WEF says its meetings will now take place from 17 to 20 August.

Also Read :The New Economic Zone in Banten created by the Serang-Panimbang Bisa Toll

the change in meeting times reflects international challenges in containing the pandemic. Current global travel restrictions have made plans to hold face-to-face meetings in the first half of this year difficult to materialize. In addition, new quarantine and air transport regulations have increased waiting times to ensure that participants globally can make appointments to join.

the 2021 summit in Singapore will be the first global leadership summit to address the challenges of recovering from the pandemic and lay the groundwork for a more inclusive and sustainable world. It will bring leaders face to face to focus on shaping solutions to today’s most pressing challenges…

The New Economic Zone in Banten created by the Serang-Panimbang Bisa Toll

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The New Economic Zone in Banten created by the Serang-Panimbang Bisa Toll – The toll roads that are in Banten this time are being stirred up to grow the economy which will later be able to revive the economy that fell when Covid -19. The construction of the Serang-Panimbang toll road is considered to be able to open new economic areas in the Banten region. This is because connectivity will be created between Jakarta-Cilegon-Rangkasbitung.

The industrial area here will increase economic activity in the Lebak area, create jobs, and empower local business actors. because there is a land of 3000 hectares in the Cileles Industrial Estate that is ‘clean and clear’, so it is ready to be developed to attract investors.

There are several investment sectors that have the potential to be developed in Lebak, such as residential housing, plantations and industrial areas. There is a potential industrial area in Cileles covering an area of 3000 hectares. I also brought it to the Patin Center. The opportunity is good, the potential production is up to 700 tons in one month.

Banten Province is ranked the fourth largest investment destination location in the first quarter of 2021 with an investment value of IDR 14.8 trillion.…