Project Notes on Investing 300 Million VND Wisely môn Principle of Management | Trường Đại học Quốc tế, Đại học Quốc gia Thành phố Hồ Chí Minh

DEVELOP A PLAN TO GET 300 MILLION VND FROM 100 MILLION VND I.
The first 10 million VND will be deposited into bank to earn more interest and use as an emergency fund:
In savings accounts, interest can be compounded, either daily, monthly, or quarterly, and you
earn interest on the interest earned up to that point. The more frequently interest is added to
your balance, the faster your savings will grow.
A business emergency fund is a stash of money you keep in a savings or checking account to
use for unexpected financial challenges your company faces.
When you have a business emergency fund, you’ll be ready for situations like these: Covering unexpected expenses
Dealing with slow sales until business picks up
Handling customer problems, like canceled orders
Surviving disasters and disruptions
Avoiding debt by being your own bank II.
The next 20 million VND using for investing wisely, here are some amazing ways to invest your money wisely:
Investing in stocks and equities by purchasing shares of companies, you become a partial
owner and share in their profits and losses.
When you invest in bonds, you essentially lend money to the issuer in exchange for
regular interest payments and the return of the principal amount at maturity.
Real estate investment offers a tangible asset that can appreciate over time while generating rental income. III.
The last 70 million VND for setting up business: 1.
10 million VND for market research and opportunity assessment: •
Conduct thorough market research across industries to identify high-growth sectors and emerging trends. •
Analyze consumer behavior and preferences to pinpoint lucrative niches with unmet needs •
Utilize data analytics and market intelligence tools to make informed decisions 2.
20 million VND for capital to buy products: •
Identify the products you intend to sell based on market research and consumer demand •
Determine whether you’ll manufacture your own products, source from wholesalers, or opt for drop shipping •
Research suppliers, negotiate terms, and ensure product quality and reliability •
Consider storage costs, transportation expenses, and any additional logistics fees 3.
20 million VND for talent acquisition and development: •
Recruit top-tier talent across various functions including management, technology, marketing, and sales. •
Offer competitive compensation packages, incentives, and opportunities for professional growth and development. •
Foster a culture of innovation, collaboration, and excellence to attract and retain top talent. 4.
10 million VND for marketing and branding: •
Develop a comprehensive marketing strategy to reach to target audience •
Utilize various marketing channels such as social media, advertising, content marketing, and SEO. •
Build a strong brand identify and establish credibility in the market 5.
10 million VND for technology and innovation investment: •
Allocate a portion of resources to invest in cutting-edge technologies and innovation •
Develop proprietary software, tools, or platforms to streamline operations, enhance
customer experience, and differentiate your business. •
Stay abreast of technological advancements and industry disruptions to maintain a competitive edge.