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Recent content by Springtime

  1. S

    Do you think mobile banking would affect the need for staff in physical branches of banks?

    Yes, the popularity of using mobile banking app will affect the need of staff, particularly in the cashier counter. Here, a lot of staff has been transferred to work for investment or loan departments.
  2. S

    How can a business accurately forecast demand to plan it's production?

    One way is to check out the previous sales record and see which products are in high demand. Another is to do research on the future demand of the product. The owner should also take note of the economy. If the economy is good, people tend to spend more.
  3. S

    Which insurance policy should a noodles producton business provide for its staff?

    Here, it is a legal requirement to buy Employee Compensation Insurance Policy for employees. Should an accident occur, and an employee is hurt, his/her medical expenses is covered by the insurance policy.
  4. S

    What are the nitty gritty of a proper advertisement campaign for a business?

    A good advertising campaign should consider the followings - Select the right channels to advertise so that it can reach your target audience; the design of the advertisement should be appealing; and the message must be clear.
  5. S

    Which products or services would really struggle as a business in your city?

    In my city, the eateries and some retailers selling necessities are struggling because a lot of people go to China to dine and shop. The prices in China are much lower than Hong Kong.
  6. S

    What is your offline business as of this time?

    I am a freelancer. In fact, I work mostly offline. When I finish my translation, I just send it to my client via email. I am not so interested to join the online translation platform. Their rate is pretty low.
  7. S

    What is the Function of Working Capital in Business?

    The function of working capital is to ensure the smooth running of the company's day-to-day operation.
  8. S

    Passive income along with active income - is it possible?

    It is possible to earn active income and passive income at the same time. In fact, it is good to have different sources of income.
  9. S

    The impact of online marketing strategy on conversion and revenue growth

    Yes, an effective marketing campaign can certainly boost sales. Other than advertising online, the retailer may also engage customers by offering loyalty program, send e-newsletter to target audience and loyal customers, informing them the good deals of the day. A reputable online retailer in...
  10. S

    The impact of gender discrimination on employees' performance

    Gender discrimination not only affects the performance of the employees, but it also affects the performance of the company because work is not allocated according to capability, but gender.
  11. S

    Selling school bags for kids exclusively. Which other products can go along?

    You can also sell water bottles, food storage box, and even stationeries.
  12. S

    How to Manage Finances During Difficult Times

    During difficult times, you have to cut your expenses, live a frugal life, and work hard to earn money.
  13. S

    What are the requirements to get a credit card in your country?

    In Hong Kong, you have to be at least 18 years old, some banks require 21 years old. Provide income proof, identity proof, address proof and a good credit history.
  14. S

    What are the Basic Financial Concepts that Business People Must Know?

    Business people should understand the concept of profit margin, cost and expenses, cashflow, return on investment, depreciation.
  15. S

    How do you evaluate the financial performance of your company or your current job?

    The financial performance of a company can be evaluated via the financial statements which shows the sales and profit of the company, as well as the cashflow situation.
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