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First Vietnamese supermarket to open in Cambodia

November 27, 2010 1 comment

The first Vietnam Supermarket in Cambodia will open on December 29, creating advantageous condition for domestic businesses to sell and advertise Vietnamese goods to people in this neighboring country.

A corner of the first Vietnam Supermarket in Phnom Penh, Cambodia, which will open in the end of December

Construction of the Vietnam Supermarket, in Monivong Street, Phnom Penh, Cambodia, has a total capital of US$3 million, invested by Z38 Company, a member of Vietnamese Business Association in Cambodia.

Located on 3,300 square meters, the supermarket will sell goods for Vietnamese companies with the prices set by themselves. Payment would be conducted through Agribank, BIDC Bank and Sacombank.

Seng Meng, the supermarket chairman and the association deputy chairman, said that the Vietnam Supermarket will meet demand of oversea Vietnamese living in Cambodia and the rising number of Cambodian who have loved Vietnamese goods.

In addition, the facility will help those who want to but yet expand business to Cambodia as they have been afraid of language difference and procedures, he said.

Besides having his supermarket to sell their goods, Vietnamese companies could hire stalls to do that themselves. The Vietnam Supermarket will assist them with export-import procedures and selling staff, who are oversea Vietnamese being able to speak both Vietnamese and Cambodian.

The Z38 Company has planned to open another three Vietnam Supermarkets in other Cambodian provinces including the famous tourist destination Siem Reap.


Categories: Business ideas

Some simple ways to get rich!

October 13, 2010 2 comments
Judging by their behavior, most people have an obsession with wealth.
Politicians promise to create it, most popular magazines are filled with
gossip about those who have it, and the average person spends much of
their adult life trying to obtain it. We are creatures obsessed with
money, partly for what it can buy, but also as a thing of value in
itself.

But most people misunderstand money. They don’t really know how to obtain it, or how to hold onto it once they have it.


If
you’re interested in getting rich, I’m going to give you the simplest
formula for doing so. In fact, if you follow it you’re virtually
guaranteed to build enough wealth to get you into the top 5% of society.
As the shampoo advertisement says: “It won’t happen overnight, but it will happen”.

The hardest way to get rich

Before I go into my formula, let me tell you about hard ways to get rich.

One
of the hardest is to be born into it. Of course, if you happen to enter
this world as a Hilton, a Gates or a Windsor, then life is sweet. But
since 99.9999% of the population aren’t that lucky, I’m assuming you
didn’t win that particular lottery.

And speaking of lotteries,
gambling is another very difficult way to get rich. Sure, some people
buy a lottery ticket and win big, but most don’t. You can gamble your entire life and you’ll most likely end up broke rather than wealthy.

When
I was younger, I thought the easiest way to get rich was to become
famous through some kind of creative act. Stephen King got rich writing
horror novels, so why not me?

I’m now much wiser and realize
that the vast majority of novelists never even get published. Of those
who do, most wallow in obscurity. Only very few make it anywhere near
the best-seller list, and only one in a million will achieve any kind of
serious wealth.

The same fate awaits the majority of musicians, software company founders, sportspeople and website creator. For every Google
that makes its owners billions, there are a million websites that lose
money. Creativity is the most fun and rewarding way to get rich, but
it’s also a very difficult way.

The reason the media raves about
and idolizes those who’ve built wealth through creativity is because
they’re so rare. You don’t hear about the vast majority who wallow in
obscurity and poor pay, because they’re not interesting. “Young genius
makes $1 billion from website” is a great headline “Ten thousand young
geniuses make nothing from their hard work” isn’t.

I’m not saying
you shouldn’t keep your dreams alive. It’s one of the best parts of
life. But this article isn’t about the most fun way to try and get rich –
it’s about the easiest way.

Okay, here’s the system.

Step 1: Get a well-paid job

This
is a reasonable amount of work, and takes a few years, but it’s a
virtually guaranteed way to make a good income. If they’re willing to
put in the work, almost any intelligent person can get a job
paying $100,000 or more within the space of a few years. While it’s not
easy, it is by far the easiest and most likely way to secure a good
income. In fact, I’ve already written an entire article on how to get a job paying more than $100,000 a year for those who wish to pursue this avenue.

Step 2: Get good tax advice

However
you make your money, your number one expense is likely to be funding
the government. In most developed countries, the average worker pays
around 30% of everything they earn straight into the taxman’s pocket. If
you’ve taken my job advice, you’ll most likely pay even more than that.

While
taxation is necessary to fund the good things governments provide, you
don’t do yourself any favors by paying more than your fair share. If
you’re serious about building wealth, get a good accountant who
understands how to legally minimize your tax bill.

Step 3: Save 20% of everything you ever earn

As soon as you get paid, arrange to have 20% of your income removed into a savings account. Many banks can do this automatically for you. Keep your savings account separate from your spending account, and you’ll barely miss this money.

There’s
a saying in economics “expenses rise to meet income”. This means money
that’s easily available to you is certain to be spent. That’s why most
people’s paychecks disappear before their next payday. They get used to
having a certain amount to spend, and habitually run down their bank account.

Have your savings moved somewhere it’s a hassle to get them out of to avoid this risk. Many high interest accounts require you to give them a few days notice, which is ideal for this purpose.

Step 4: Conservatively invest the funds that build up in your savings account

Once
a month, go into your savings account and divide the money by investing
it into the three core conservative assets: shares, property and cash.
Open a mutual fund account for shares, a property fund for property, and
a money market fund for cash.
Look for share and property funds that invest in a broad range of assets
and most importantly charge very low fees. An index fund is ideal for
the shares. An index of property funds is ideal for property.

Put an equal amount into each account.
This will diversify you against risk in any one particular asset. If
you’re younger, this rule is a little bit flexible, allowing you to take
a little more risk and put more into shares and property if you like.

Step 5: Reinvest any income you get from your assets straight back into buying more assets

Mutual funds and property funds pay dividends. Money market accounts pay interest. Don’t take this income into your spending account. Instead, select the option to have it reinvested into the fund that generated it.

Step 6: Never touch these funds and do your best to ignore them

The
business press, like the mainstream press, loves a crisis. “Shares to
skyrocket” or “Property to plummet” headlines will sell many more copies
than “Things to continue steadily”. All markets go up and down. Every day, some speculation will be published about some crisis or opportunity.

Ignore it all.

Just
keep putting the 20% into your assets. Sometimes they’ll go up and
sometimes they’ll go down in value. But over the long term, they’ll
almost certainly go up.

Step 7: Wait a decade

Do
what I’ve outlined above and in a decade you’ll be rich. Sure, you
won’t be Bill Gates, but you’ll almost certainly be in the top 20% of
wealth holders. Wait another decade and you’ll be in the top 5% or
higher.

That’s the plan. It’s not the most exciting or glamorous way to build wealth, but it’s the easiest. Quite simply, this
is how most rich people got there.

You too can join them, if you follow it.

Categories: Business, Business ideas

Some simple ways to get rich!

October 13, 2010 2 comments
Judging by their behavior, most people have an obsession with wealth. Politicians promise to create it, most popular magazines are filled with gossip about those who have it, and the average person spends much of their adult life trying to obtain it. We are creatures obsessed with money, partly for what it can buy, but also as a thing of value in itself. 

But most people misunderstand money. They don’t really know how to obtain it, or how to hold onto it once they have it.

 

Categories: Business ideas

Don’t Get Mad, Get Rich!

October 10, 2010 Leave a comment
by Andrew Shim (PositiveMoneyIdeas)
Your boss is rude,
arrogant and obnoxious. Your supervisor belittles you, takes all the
credit for your hard work and is a brainless jerk. Your colleagues spend
their time kissing up to the boss, slacking at their job and making you
do the donkey’s share of the work. There’s not a single day that you
wish you could give them a piece of your mind but you don’t because you
need your job. If this sounds like you, you’re not alone.

Millions of people around the world are reading this because they
NEED their job. They’re decent, hard-working people who stick with up
with their jobs because they simple NEED the money. They get angry, they
get stressed out and this drains them of the simple joys of life. There
IS a simple solution to this problem. The secret is to get rich!

So how is getting rich going to help you? Simple – I learned from
personal experience that having extra money in the bank or a lucrative
side business of your own puts EVERYTHING in a different perspective.
MONEY meant :
  • I didn’t have to hold on to a crappy job if I didn’t want to.
  • I didn’t to carry someone else’s workload for fear of losing their job.
  • I could enjoy my job because I loved it and NOT because I had to put food on the table.
  • I could go to bed at night without a load of worries on my mind.
  • I could concentrate on more important stuff like my family instead of money.
When I couldn’t take my boss constantly telling me I had “a lot more
room for improvement” my wife and I started our own home based business
and I designed a couple of websites. Today we’re making more money than
we ever dreamed we would.

Now “rich” is pretty subjective. For us, it’s not about luxurious
holidays and expensive cars…. It’s about not having to worry about
getting laid off. We make enough money to live a more than comfortable
life and we work out own hours. By our standards, that makes us pretty
rich.
But just how do you get rich? Here are a couple of pointers to help you start :
  • Save money. This sounds ridiculously easy, but people don’t
    do it. If you diligently save a portion of your income every month, you
    will have a pretty nice amount at the end of five years!

  • Live within your means. Know the difference between your
    needs and wants. A coffee to wake you up every morning may be a need but
    a ten-dollar brew at Starbucks is a “want” you can do without.

  • Find out what you do best and make money in your spare time
    doing it for YOURSELF. If you’re a good cook, bake cookies to sell. If
    you’re great with kids, offer home tuition or start a baby-sitting
    service in your spare time.

  • Think out-of-the-office. Working hard at your job is a job
    thing, but when you’re out of the office, focus your mental and physical
    energy at making YOU rich, NOT your boss.

  • Actively look for money making opportunities. They’re everywhere. You just have to open your eyes and ears.
  • Mingle with successful people. You’ll learn a lot from people
    who are successful at what they do. Successful people are usually more
    than willing to share their abundance of knowledge and network with
    those who need it.

  • Be ready for opportunities. If you’ve saved a bit of your
    money every month, then you will have funds available for when
    opportunity knocks. Don’t be hasty though. Do your homework and find out
    all you can about that opportunity.

  • Build multiple streams of income. This is easier than most
    people think. Building multiple streams of income is simply NOT putting
    all your egg (in this case your savings) into one basket – your savings
    account. Find ways to invest your money that will give you more in
    return. If you don’t know how to do that, then read and ask those who
    do.
More often than not, making money is a matter of mindset rather than
skills. If you think you can, you will! True, money can’t buy
everything, but it makes everything that much nicer. So don’t get mad,
get rich!
Categories: Business, Business ideas

Don’t Get Mad, Get Rich!

October 10, 2010 Leave a comment
by Andrew Shim (PositiveMoneyIdeas)
Your boss is rude, arrogant and obnoxious. Your supervisor belittles you, takes all the credit for your hard work and is a brainless jerk. Your colleagues spend their time kissing up to the boss, slacking at their job and making you do the donkey’s share of the work. There’s not a single day that you wish you could give them a piece of your mind but you don’t because you need your job. If this sounds like you, you’re not alone.
Millions of people around the world are reading this because they NEED their job. They’re decent, hard-working people who stick with up with their jobs because they simple NEED the money. They get angry, they get stressed out and this drains them of the simple joys of life. There IS a simple solution to this problem. The secret is to get rich!
So how is getting rich going to help you? Simple – I learned from personal experience that having extra money in the bank or a lucrative side business of your own puts EVERYTHING in a different perspective. MONEY meant :
  • I didn’t have to hold on to a crappy job if I didn’t want to.
  • I didn’t to carry someone else’s workload for fear of losing their job.
  • I could enjoy my job because I loved it and NOT because I had to put food on the table.
  • I could go to bed at night without a load of worries on my mind.
  • I could concentrate on more important stuff like my family instead of money.
Categories: Business ideas

10 Tactics For Finding New Business Ideas

October 8, 2010 Leave a comment
1. Expect to have ideas . If you believe you’re
incapable of coming up with ideas then you won’t come up with any. Put
aside any negativity about yourself or your creativity and expect to
have ideas.

2. Keep and open mind. Ideas can come from anywhere
and some of the best ideas will seem daft or impossible based on your
current knowledge, experience and assumptions. Try to be prepared to
explore new ideas and to change your view of the world.
3. Keep a written record of your ideas, ideas that
inspire you or ideas that are new to you – When you write things down
you are more likely to remember them and if you don’t you’ve got a
record to refer back to. I keep a record of all the ideas I see,
read/hear about or have and I review it regularly. My written record has
also evolved into this blog full of ideas.
4. Try to learn something new every day. Talk to
other business people, talk to your friends and neighbours, talk to
anyone that looks interesting and will talk to you. Read websites,
magazines, books whatever medium you prefer try to read something that
will expand your knowledge everyday. I enjoy business/entrepreneurs
biographies and histories especially those that explain where the
business or idea for it came from.
5. Talk about your ideas. Talk about your ideas to
anyone who will listen, more often that not it’s my wife who has to
listen to my ideas, if she’s not around however I’ll talk to myself!
Failing that write down what you’d say to someone to explain the idea.
The point is that in explaining the idea you’ll usually spot flaws or
areas for improvement thus making the idea better.
6. Ask questions and listen to peoples problems, hopes, dreams and aspirations.
I always ask people what problems, issues or challenges they face in
their business (or job), there are often good business opportunities in
solving those problems. Peoples hopes, dreams and aspirations can
provide ideas for example a business like Red Letter Days helps people
fulfil their dreams by providing experiences such as driving a supercar
or flying a plane. Weight Watchers appeals to those hoping to loose
weight.
7. Research see what else is out there that is
similar. Evaluate potential competition and keep notes on what you find.
Use the search engines to look for similar ideas, businesses or
products and take notes on them.
8. Draw a mind map. A mind map
is a diagram used to represent words, ideas, tasks or other items
linked to and arranged radially around a central key word or idea. It is
used to generate, visualize, structure and classify ideas, and as an
aid in study, organization, problem solving, decision making, and
writing.
9. Synthesise ideas. Put two or more unrelated ideas
together. One way to do this is to brainstorm with your team. You’ll
get the best results if you’ve followed steps 1 – 6 first as you’ll have
a larger pool of ideas to combine.
10. Sleep on it. Go away for a while and think of
something else, often your subconscious mind will continue to work on
the problem and will come up with new ideas or refinements on the ideas
you already have.
Categories: Business, Business ideas

10 Tactics For Finding New Business Ideas

October 8, 2010 Leave a comment
1. Expect to have ideas . If you believe you’re incapable of coming up with ideas then you won’t come up with any. Put aside any negativity about yourself or your creativity and expect to have ideas.
2. Keep and open mind. Ideas can come from anywhere and some of the best ideas will seem daft or impossible based on your current knowledge, experience and assumptions. Try to be prepared to explore new ideas and to change your view of the world.
3. Keep a written record of your ideas, ideas that inspire you or ideas that are new to you – When you write things down you are more likely to remember them and if you don’t you’ve got a record to refer back to. I keep a record of all the ideas I see, read/hear about or have and I review it regularly. My written record has also evolved into this blog full of ideas.
4. Try to learn something new every day. Talk to other business people, talk to your friends and neighbours, talk to anyone that looks interesting and will talk to you. Read websites, magazines, books whatever medium you prefer try to read something that will expand your knowledge everyday. I enjoy business/entrepreneurs biographies and histories especially those that explain where the business or idea for it came from.
5. Talk about your ideas. Talk about your ideas to anyone who will listen, more often that not it’s my wife who has to listen to my ideas, if she’s not around however I’ll talk to myself! Failing that write down what you’d say to someone to explain the idea. The point is that in explaining the idea you’ll usually spot flaws or areas for improvement thus making the idea better.
6. Ask questions and listen to peoples problems, hopes, dreams and aspirations. I always ask people what problems, issues or challenges they face in their business (or job), there are often good business opportunities in solving those problems. Peoples hopes, dreams and aspirations can provide ideas for example a business like Red Letter Days helps people fulfil their dreams by providing experiences such as driving a supercar or flying a plane. Weight Watchers appeals to those hoping to loose weight.
7. Research see what else is out there that is similar. Evaluate potential competition and keep notes on what you find. Use the search engines to look for similar ideas, businesses or products and take notes on them.
8. Draw a mind map. A mind map is a diagram used to represent words, ideas, tasks or other items linked to and arranged radially around a central key word or idea. It is used to generate, visualize, structure and classify ideas, and as an aid in study, organization, problem solving, decision making, and writing.
9. Synthesise ideas. Put two or more unrelated ideas together. One way to do this is to brainstorm with your team. You’ll get the best results if you’ve followed steps 1 – 6 first as you’ll have a larger pool of ideas to combine.
10. Sleep on it. Go away for a while and think of something else, often your subconscious mind will continue to work on the problem and will come up with new ideas or refinements on the ideas you already have.
Categories: Business ideas