March 2020 - IKON Malaysia

The Dos and Don’ts of Finances During A Pandemic

31Mar

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Business, Finance

The Dos and Don’ts of Finances During A Pandemic

During trying times like the pandemic now, managing finances is a big worry for many people. People would usually panic and go into survival mode, and usually it never ends well for them financially. They would lose sense of their priorities, and then not know what to do when they no longer have the required amount to survive in a lockdown. Here are some dos and don'ts of financial management during a pandemic lockdown. Do cut down on spending As of today, the world has been officially announced to be in a global recession due to the COVID-19 pandemic. Medical officers and authority figures are always on the run 24/7, and the average joes are expected to stay home most of the time. The numbers are still rising, infection rate and mortality rate included. With all these worries, being ...

30Mar

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Business

What Happens Now To F&B Businesses?

On the latest news, the Prime Minister of Malaysia, Tan Sri Muhyiddin Yassin just announced the extension of the Restricted Movement Order (RMO) for Malaysia. The extension is up until the 14th of April, and hopefully with the increasing rate of compliance among the people, the curve will flatten in no time. However, with the RMO extension, that brings to light concerns for certain essential businesses such as the F&B sector. Usually, the three basic things that a restaurant needs are uniqueness, good location and a good business plan. With the pandemic and the partial lockdown going on in Malaysia, local eateries especially will find it troublesome to maintain their businesses. They could decide to sack employees to save on employment costs, but that might affect the quality of the...

COVID-19: KWSP members can withdraw RM500

25Mar

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News

COVID-19: KWSP members can withdraw RM500

Earlier this week, The Prime Minister announced that Malaysians below the age of 55 would be allowed to access their Employees Provident Fund (EPF) second account and will be allowed to withdraw a total of RM500 per month from their saving for 12 months in order to help ease the financial burdens that are hitting the nation in light of the COVID-19 outbreak earlier this month. According to the Chief Executive Officer of the EPF, Tunku Alizakri Alias, the registration process will begin on April 1 via e-mail and postal methods. The i-Lestari withdrawal facility will benefit up to 12 million contributors, with an estimated total withdrawal of RM40 billion. Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said he believes the initiative will help boost private c...

16Mar

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Business, Women’s Corner

Basic Rules To Run An Online Meeting

In a world where social distancing becomes necessary, going virtual for work is the way to go. With the reality that Covid-19 is officially announced as a pandemic, more and more organizations are telling their employees to work remotely. But work still needs to get done, and new tasks still come up every week. Instead of conducting a regular meeting at the office, companies now would need to have online meetings to assign or discuss pending work. These are some of the basic rules to run an online meeting. 1. Choose a reliable platform First of all, it's important to choose a platform for everyone attending the meeting to use. Although Skype is a common app to use for video-calls, sometimes workplaces can employ Skype for virtual meetings as well. However, for professional video-calling ...

7 Keys to Build a Successful Remote Team

12Mar

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Business, Leadership, Women’s Corner

7 Keys to Build a Successful Remote Team

The Oxford University of companies carried out a survey and concluded that there is a 26% increase in outsourcing remote projects on freelance platforms. Most of these companies claim that hiring freelancers is a key strategy for staying competitive. Here are seven key points to determine the success of a project with a team of freelancers. 1. Decide which tasks you can delegate You don't need an employee to be physically present to perform a variety of tasks. Many of these tasks can be performed on a computer with good internet connectivity. 2. Train your new freelancers When a new worker joins you either on a temporary, permanent or freelance basis, it is always important to offer them comprehensive training to know the objectives and processes that they will be working with. T...

5 Personality Types For Successful Entrepreneurs

10Mar

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Business, Lifestyle, Women’s Corner

5 Personality Types For Successful Entrepreneurs

When it comes to deciding personality types, most people turn to the Myers-Briggs Type Indicator (MBTI). The MBTI test is a questionnaire that shows how people see the world and decide to do things. While this questionnaire has been around forever and only predicts people's abilities, the MBTI test can indicate people with the right attitude to become entrepreneurs. Before that, the MBTI covers a few factors. There are 16 personality types listed under the MBTI, and each of the types are results from the answers in the questionnaire. The answers picked actually reveal the tester's preferences on four opposing pairs of personality traits. By the end of the questionnaire, testers will receive a four-letter code that shows their traits. These are the codes they will receive:- First l...

6Mar

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Business, Lifestyle, Women’s Corner

Working from home 101

At the moment, the Coronavirus epidemic is still going on. New cases are discovered every day in different countries, and the numbers keep tallying up. With the need to reduce the risk of getting infected, a lot of employers are making their employees work from home. The idea is only possible with the widespread technology available to the public that has grown in recent years. While the idea may seem easy, working from home has its own set of challenges for an average joe used to working at the office. Challenge 1: The clothes worn at home Sure, people could start work on their laptops while still in their sleepwear or right on their beds. But does this really make them focus on work? Chances are, being dressed in their pyjamas will only tempt them to laze around or procrastinate and ul...

10 Success Tips for The Young and Aspiring Entrepreneur

3Mar

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Business, Women’s Corner

10 Success Tips for The Young and Aspiring Entrepreneur

The road to success often brings about learning experiences from those who have achieved or met their targets. Having a mentor can be a blessing to an entrepreneur, however, not everyone is blessed with that opportunity. If you haven't found your guru yet, here are 10 tips for the young and aspiring entrepreneur from successful entrepreneurs. 1. Challenge yourself The biggest motivation for Richard Branson was that he kept challenging himself. He challenged himself to learn everyday and you can too! 2. Do work that you care about Running a business takes time - no doubt! Steve Jobs stated that the only way to be satisfied in life is to do something you really believe in. 3. Believe in yourself “Whether you think you can, or think you can’t, you’re right.” - Henry Ford. Believe that ...