Learning business strategies

I’m so happy that we are nearing the end of the 1st semester. We are finished with our business philosophy subject and last Sunday we are starting with our new subject which is Business research. I think my decision in taking up a Masters Degree is really right even if we are experiencing financial constraints at the moment. Raising a family, getting an MBA and having a career are difficult but it’s a blast if you have proper management of your time. As a person we really need to grow and the only thing to achieve that is to learn new things that can help you with your career. I think absorbing new knowledge is an exciting experience because it can change you positively.

During this semester, I’ve learned so many things because our instructor in Business Math has taught us well in utilizing our studies to our job in the corporate setting. Our Business philosophy subject has also opened our mind to business strategies. There are so many business strategies that you can use if you are still starting a business. The most important thing is advertising to let people know that your company exists. If you are selling products that you made, you can give craft business cards to people that you know. You can also distribute leaflets to random people. You can get business cards online and other promotional materials that can really help in starting your business.

Getting a credit card

I think it would be nice to have this card but I'm just afraid that if I do, I might end up just like my mother, having a lot of debts. I think compulsive buying is really hard to avoid especially if you are like me who likes to go to the mall.  I really do like to go to malls with my son especially on weekends because he likes to play there.  He likes to play in the playground and play station with race car games.  I can just imagine myself roaming around the mall with the license to shop and with a credit line at hand.  I think it would be wise for me not to get one instead I just have to save and buy something when I have money to spend.  I think having a credit card involves so much discipline because if you don't watch what you spend, you might end up having a lot of debts. Anyway there are also advantages of credit cards that is, if you have enough discipline to spend wisely.  One important advantage is that if you have a buy and sell business, you can use credit card as a means to purchase your initial capital.  The next one is that if you have an emergency to buy or pay something and you don't have cash at the moment it would really come handy.

Looking into International Trade

I’ve always thought about the international trade and believe it or not I even want to try selling abroad. I think selling abroad is not an easy thing to do because you have to think about customs and duties of the country that you would want to export to. I have also learned in the past that it is not easy to export food, beverage, medicine and cosmetics to other countries. Every nation has standards in food and drugs to be meet prior to acceptance to their country because of safety regulations. If you are interested to be part of the export and import industry there is a need to know about the food and drug regulations of the country that you are exporting to.

I think the safest thing to export is garments and accessories because all you have to think about is customs and duties. You might also want to check on harmonized codes for your products. In the import and export industry, you should be aware of the need in complying with the right classification codes for your goods. According to the web portal which I have mentioned earlier, they claimed that companies and the government are loosing billions in revenue due to the fact of classification errors. You can visit the link here for hts code lookup and hs tariff classifications.

Banking Investments

When I was still single, I have invested in time deposits in the bank. Investing in the bank is good enough if you still don’t have any plans to use it. You will be given certificate of deposit for your investment and in that document you will notice that the rates per annum will change almost every month. Nowadays it is a wise choice to look into banks with the best CD rates. CD rates or certificate of deposit rates determine the interest of your investment. A word of advice, you must be careful in investing large amount of money. It is much wiser to invest to multiple banks because of our ever fickle economy.

Small Business loan for those who lost their job.

Our economy still has not recovered and even if the government is helping to open new job opportunities for those who have lost their job due to economic slow down, there are still many people who have no jobs. Good thing though there are many government and non government business financial institution who are offering Small Business Loans this could be a great help for those who lost their job because they could start earning again through their new business.