Netcapital Financial Group successfully participated in the "MANAGEMENT FORUM 2025," an event that gathers leaders of Mongolia's top companies to exchange experiences and explore the best international management trends.
During the forum's "Artificial Intelligence and its Application" section, Netcapital Financial Group's CEO, B. Khunshagai, gave a presentation on "AI-Driven Organization."
The group's President and Founder, D. Sundii, participated as a panelist, sharing his thoughts on the impact of AI on business development, the significance of technological advancement, and future trends.
D. Sundui highlighted that Netcapital Financial Group aims to build a customer-centric, AI-based ecosystem. This platform will not only offer financial services but also integrate other related services, with the goal of automating data-driven decision-making. This goal demonstrates the group's commitment to using technological advancements to provide faster, easier, and more personalized services to its customers.
During the panel discussion, he emphasized the following points:
In his "AI-Driven Organization" presentation, CEO B. Khunshagai conveyed the following to attendees:
In short, if a company can implement an AI-based vision, it can, as Elon Musk said, "create a big competition from a small company." An organization with 500 employees can leverage AI to compete with a 50,000-employee company on the same level. This approach prevents the traditional weaknesses of large companies, such as slow decision-making and data centralization.
We are sharing an interview with A. Odonchimeg, a household food producer known to the public as Mongolian Jang Geum. We hope this interview will inspire and instill pride in our readers, as her every action, driven by her desire to help others and overcome every challenge with valuable conviction, sets an example for others.
Everyone has different interests, ways of making money, and businesses they run. Of course, for every person, income is important to support their family. For me, my childhood dream and my profession were completely different. I am a geological engineer by profession. An event that changed my life happened while I was in school. My first child suffered a very severe brain and spinal cord injury after an unfortunate fall onto the stone floor of a delivery room. While a sick child might be treated and discharged from the hospital after six or seven months, a child with cerebral palsy requires much longer, and expensive, treatment. Because of this, a family with a child with a severe disability lives at the lowest level of society, facing a very difficult life.
I had two reasons for starting this household business.
The first was that at the time, I was a 20-year-old student with a sick child on my back and no money in my pocket. I needed a lot of money. Since I had become a mother to a sick child, I had to take on all the risks that came with it myself. I didn't want to borrow money from anyone or put my parents, siblings, or friends at financial risk. The trip I took with my child to the Shargaljuut hot springs in Bayankhongor had a big influence on my decision. The reason is that one of the main things many people there needed was food. Specifically, people who were bathing in the mineral water needed good soup. At that time, I would buy a sheep for 4,500 MNT, collect and clean glass jam jars, and make and sell broth. After that, I started making and selling bread, pastries, and dairy products. Becoming friends with the local herding women was a huge motivation for me to learn how to make dairy products. I learned the traditional way Mongolian women cook for their families, right there over the fire.
Second, after losing my child, I was completely consumed by the dream of helping others like him and building a sanatorium with professional equipment. I tried very hard to raise the capital for the building but was unsuccessful. I went to many organizations with the blueprints and submitted applications to the government 15 times, but I was not supported. Eventually, as I got older, I was truly defeated by this dream. In the end, I decided to work hard to make money myself and use that money to help others. For the last 15 years, I have been dedicating 30% of my business profits to good deeds. To date, I have collected, repaired, and refurbished over 3,800 wheelchairs and donated them to children with cerebral palsy. Most recently, two days ago, I built and gifted my 73rd home to a young couple starting a family. Previously, I had always built homes for single mothers and fathers with children with cerebral palsy, or for orphans. This is the first time I have built a home for a young family. Helping others, especially children, and seeing the joy in their eyes is the most wonderful feeling for me.
In a globalized society, the most essential thing for a person is food. Today in Mongolia, truly organic and eco-friendly food is rare. The food I make contains no seasonings and is made with pure, natural, and organic ingredients. Most importantly, I believe my food resonates with people because I strictly adhere to the traditional Mongolian methods of our great culinary culture.
Of course, food is the most vital nutrient for human life. If a person eats correctly, they are healthy; if they eat incorrectly, they get sick. Today, over 70% of the world's population suffers from various illnesses due to poor eating habits. On the other hand, food is a huge culture that represents a nation. I believe the culinary culture of Mongolians is a great culture that cannot be found anywhere else in the world. I say this because Mongolian food is made from pure natural sources, namely the meat of the five kinds of livestock. The special thing about Mongolian livestock is that they are raised on pure natural grass and water, without any chemical fertilizers or supplements.
People come here to buy Jang Geum's brand products and eat Jang Geum's homemade food. But all the food and brands I make are dishes that every Mongolian mother knows, that every woman makes, and can make at home. I am currently producing 32 types of food, and my favorite product is Yakling Massage Ice Cream. Its main ingredients are 100% yak curd and pure honey, with added berries, sea buckthorn, blueberries, and nuts.
Children with disabilities have many challenges, such as speech, vision, motor, and mental impairments. Children with speech difficulties need to do regular special tongue exercises. For example, they do various exercises like touching the tip of their tongue to their nose and chin 50 times a day or practicing tongue twisters. Many mothers came to me, asking what to do since they couldn't get their children to do the exercises regularly. From that time on, I started thinking about how to facilitate tongue exercises through food, and after many trials, I began producing Yakling Ice Cream. One serving of Yakling Ice Cream requires 75-80 licks. Because it is a healthy and delicious treat, I believe it has become a solution for children to do their tongue exercises regularly. This ice cream is suitable for everyone to eat, as this tongue exercise is very beneficial for a person’s health, including their uvula, throat, palate, double chin, and teeth.
I take Mondays and Tuesdays off. On those days, I go to Emelt to pick up the ingredients for the following week's food. After that, in my remaining small amount of time, I love to sew with my old sewing machine. When I sew, I make 108 bibs at a time. I have sewn my fourth set of 108 bibs, and after embroidering owls and foxes on them, I have gifted them to new mothers. Even in my free time, I just want to do things that are helpful to others.
Household production is very difficult and monotonous work. You do the same thing over and over, all day, from morning to night. The person who supports me the most in getting this work done is my husband. He helps with many tasks that a woman can't do alone, like slaughtering sheep and preparing water and firewood. All of our children have their own jobs and lives, but they come and help on the weekends.
Before I came to the city, I organized the Yak Festival for 15 consecutive years. This festival includes various events such as yak races, a ceremony to select the best yak bull, a celebration for twin calves, a yak milk and dairy product exhibition, a milk-yield competition, and children's song and poetry contests related to yaks. The main purpose is to introduce the benefits of yaks to the public and support the herders who raise them. The reason I'm highlighting the yak is that it's a type of livestock just like a wild animal. For instance, it grazes on medicinal herbs on mountain tops where no human has set foot and drinks cool spring water from mountain streams. Its meat is high in protein, and its milk has a very high calcium content. There is even a study by Japanese scientists on this topic. That's why I wish Mongolians would regularly consume yak meat, milk, and dairy products instead of eating meat from fed animals and taking various supplements.
I would compare myself to an owl. This is because owls are extremely alert animals that never blink. They always see and fly at night. The reason I compare myself to this bird is that I always make my food products at night and work for many hours. To have products on the counter the next morning, Jang Geum has to be producing while people are sleeping. The products I make during the day sell out during the day, so if I don't work at night, the Jang Geum counter will be empty the next day. People come from all over the country, so I can't have an empty counter.
I feel like when people in society hear "investment," they only see it as money. To me, I understand investment as sincere and honest hard work. Young people often look down on the work they do. Not everyone can be a minister, a director, a big engineer, or a CEO. But we can be content with what we have and approach everything with sincerity and honest labor. I want to say that this is the biggest investment you can make in yourself.
As I mentioned earlier, when I was young, I dreamed of building a sanatorium for children with cerebral palsy that met international standards. Now that I am almost 60, my big goal is not to look far into the future but to dedicate the rest of my life to the next generation, so that our traditional Mongolian food culture is passed down and doesn't disappear with our generation. If it were possible, I would like to have my own 15-20 minute cooking show on public television.
Of course, I have many moments like that. There are many times when I feel bored and want to give up on a job that I have to do over and over for many hours every day. At those times, the thought that my work will help someone get a home or a wheelchair gives me the strength to be more responsible and persistent. I don't want to spend the money I earned with so much hardship by going to a monastery and having a ceremony every year for Tsagaan Sar. Instead, I want to help and support my fellow citizens who do hard labor at the landfill by buying 200 sheep heads, scorching and boiling them, and giving the meat to them. When you help others, you feel a joy that you can't get from anything else. In those moments of bringing joy to others, I forget all my problems and hardships.
Invest in your potential. Netcapital Financial Group
There's one thing that the CEOs of the world's most successful companies all have in common: they are all engineers. Mike Lazaridis, the CEO of Research in Motion (RIM), the company that created one of the most profitable devices in history, is one of those engineers.
At just four years old, he built a music player using LEGO blocks, and as a teenager, he was a child who came up with hundreds of new ideas to invent and create. In 1984, while studying electrical engineering, he founded his first company. RIM was initially funded by Mike's parents and the Ontario government's New Ventures Loan program, an organization that provided loans to new businesses. This is how RIM became North America's first wireless data technology developer. While researching wireless digital devices, they created a wireless radio modem that could be used for computers in all business sectors, as well as for vending machines and credit card payments.
The first Blackberry was born in 1999, giving users the ability to check their emails instantly, anywhere, and at any time, without having to go home or to the office to access the internet. Less than a year after its launch in the early 2000s, it seemed that prominent figures in society—such as managers of major companies and banks, investment analysts, economists, and CEOs—who needed to receive information every second, were all armed with a Blackberry. Blackberry even won the prestigious Product of the Year award from InfoWorld magazine.
Two things led to Blackberry's success: the quick and simple QWERTY keyboard and a flywheel that allowed for quick transitions between the screen and email. Throughout its history, RIM consistently took the rules of the communication market to a new level with its product development, design, manufacturing, and marketing, earning countless awards for its product innovation. Blackberry's simplicity and clarity were a major factor in its ability to stand out from competitors who offered similar products.
Moral of the story: Be simple, and be clear.
The founder and chairman of the board of Netcapital Financial Group, D. Sundii, was the second guest on the 'Saak' podcast, where he had an interesting and encouraging discussion on the topic of 'Personal Development"
The pandemic has significantly affected not only our daily lives but also our finances.
There are things you can do yourself to save money without spending it. Here are eight ways to save money during a lockdown.
If you haven't created a budget yet, it's the first thing you should do. Budgeting means consistently monitoring your income and expenses. You can do this monthly based on your regular income. If your income fluctuates, you can try different budgeting approaches and see which expenses you can cut.
If you want to avoid financial stress, you need an emergency fund. While the size of this fund can vary based on your monthly living expenses, you should aim to cover at least three months of costs. An emergency fund can lighten the burden of unexpected events such as job loss or medical expenses. You can build this fund by putting money into savings or keeping cash. Netcapital Financial Group also has a high-yield savings product that can help you build an emergency fund and earn a return on it.
Even though the government is subsidizing electricity costs, you should still try to reduce your energy consumption as much as possible. Since you're at home 24/7 during a lockdown, you'll use more energy. It's important to be mindful of your electricity usage. Get into the habit of turning off lights when you leave a room and unplugging appliances that are not in use. Every small effort contributes to reducing your bill.
One of the best ways to invest your money with low risk is by using a high-yield savings account. You should look for institutions that offer a monthly interest rate of 1.1% or higher. As a recommendation, government and corporate bonds are among the highest-yielding and lowest-risk savings options. A lockdown can be a good time to let your money rest rather than circulate, giving you the opportunity to review your budget.
Many service providers offer assistance and discounts to people affected by the COVID-19 pandemic. For example, they might modify loan agreements or renegotiate terms for individuals and businesses whose income or operations have been interrupted. Contact your service providers to find out what options are available to you.
Do you find yourself browsing Facebook or your favorite retail websites when you're bored? This habit can drain your savings during a lockdown. One way to avoid online purchases is to focus on what brings you satisfaction. Satisfaction comes from doing things that don't cost money but still bring joy. Instead of online shopping, a much better option is to remember the plans you made during the lockdown and read a book on your Kindle or a physical book.
Buy in bulk, but avoid overstocking. Buying in bulk is cheaper per unit and can save you a small amount of money. You don't need to buy excessive amounts of snacks. Instead, make a list of essential groceries before you go out and stick to it. Also, when you shop, make sure to use your discount cards and rights to get promotions and register your VAT receipt to receive your 2% refund.
You should research ways to earn money online or from home. This can help you add to your savings or cover small, ongoing expenses.
If you don't like having long hair, you'll need a haircut. Look for ways to dye, cut, or style your hair at home. Before you do, we recommend watching some YouTube tutorials.
Save money and spend your time at home productively. Whether you decide to cut expenses or set up automatic savings, you should start building your savings. Taking control of your finances during uncertain times can help you stay calm and support your well-being.
Clubhouse is an audio-based social platform, similar to Discord or Messenger Rooms, where people can open virtual rooms to discuss specific topics. It's a platform for global conversation and idea exchange.
You can create different types of rooms:
Clubhouse was founded by Paul Davison, the creator of the company Highlight, and Rohan Seth, a former Google engineer. When it launched in May of last year, it had 1,500 users and was valued at $100 million. By February 2021, its user base had grown to over 2.3 million, and its value skyrocketed to over $1 billion.
This rapid growth is largely due to celebrities and public figures hosting and participating in discussions. In Mongolia, the platform is gaining traction as Members of Parliament and leaders from various sectors are starting to host their own discussions. A key feature is that conversations are not recorded and disappear once the discussion is over.
On the other hand, Clubhouse, which had become a platform for freedom of speech for thousands of Chinese users, was removed from the Chinese App Store on December 16. Subsequently, the Chinese Communist Party completely blocked the app.
Despite being created during a time of pandemic and lockdown, Clubhouse is expected to remain popular even after the pandemic ends, as it provides a way to improve communication with others and socialize despite being isolated from the outside world.
The young professionals at Netcapital Financial Group have also come together to create an open room to discuss topics like investment, personal finance, and the financial market. Join us on Clubhouse!
Lately, one word we hear a lot is "investment." So, what exactly is an investment? I'd like to answer the question of whether it's a concept that's too distant for you, the reader.
In simple terms, an investment is the act of spending your money in a way that, after a certain period, it will grow and not lose its value. There are many examples of investments. As we know, there are stocks, bonds, and real estate, but we'll explain those in more detail later.
Let's start by explaining what an investment is with the most relatable example in our lives: investing in real estate.
Now, imagine this. Suppose you have the money to buy a property for commercial use in the city center, around the 40 Myangat area. You decide to buy the property, and after some time passes (it could be 1, 5, or 10 years), the price of real estate in that area increases. When the value has gone up, you can sell it and profit from the difference.
Example 2: Let's explain another form of investment using the example of snuff bottles and jewelry, which have been increasing in value in our country. You can buy an 18th-century coral snuff bottle from a vintage jewelry store and sell it later when its value increases. This might seem like a simple transaction, but this principle also applies to profiting from the stock, gold, and crude oil markets.
From these two examples, we can see that investments can be either long-term or short-term. While short-term investments require significant effort—such as doing research, being quick, and losing sleep—long-term investments give you the opportunity to earn a stable, higher return.
Types of Long-Term Investments:
Many business owners are likely asking themselves, "How can I revive my business after lockdown? Where do I start?" Here are six tips to help you get back on your feet.
As of the time of writing this article, Mongolia has a total of 907 confirmed cases and 384 recoveries. On the last day of the strict lockdown, only one new case was registered at 11 a.m., which suggests the lockdown was effective. Even though the number of cases is decreasing, there is no guarantee that the virus won't spread again, and there's no information on when a vaccine will arrive in our country. This means we must remain vigilant, anticipate the future, and take appropriate measures. So, be sure to closely monitor statistics and news, and adhere to all mandatory regulations.
To reopen your business, you'll need to strike a good balance. If you reopen too early, you risk spreading the infection among your customers and employees. We saw from the example of an artist who held a concert that this can lead to significant public criticism. However, if you open too late, you'll risk falling behind your competitors who have already reopened.
To get your business back on track after the pandemic, you should define your business goals and what success means to you. As the Cheshire Cat said in Alice in Wonderland, "If you don't know where you're going, any road will get you there."
To recover from the crisis, you will need various resources depending on the nature of your business, such as employees, equipment, and product inventory. Be sure to allocate your current resources wisely and consider the possibility of another outbreak.
Take a moment to reflect on how to prevent the crisis from happening again. The answer depends on what kind of business you run. If you operate a small- to medium-sized store with one or two branches, you should develop health and safety rules and procedures for both employees and customers that will be followed by all branches. If your employees work together in an office, consider having them work from home on a rotating schedule.
Pay close attention to what your competitors are doing in your industry. Find answers to what good practices you can adopt and what lessons you can learn from their mistakes.
The time (and money) people spend online is increasing every day. Many people are at home, and their desire to continue their normal lives is growing. Just as restaurants have started delivery services and teachers have started online courses, if your business operates in the retail sector, you must immediately launch online sales. At a time when so many people are at home, the only way to reach them is to sell your products online.
I want to ask you, the business owner, the following questions:
Once you overcome this crisis, there is no guarantee that another one won't happen. So, learn from the current crisis and create a plan for how you can apply these lessons to a future crisis
1. Prices are down. Car dealers are lowering prices below market value to improve their turnover and make up for lost profits. This is because their lots are full and new shipments have arrived at customs, all due to the lockdown.
2. No extra services are needed. Cars that arrive in winter have already been fully prepped for Mongolia’s climate, including winter tires, oil and fluids, battery health checks, and antifreeze changes. If any of these services haven't been done, you have a strong chance of negotiating a discount or having them performed for free.
3. Tested for harsh conditions. Cars bought in the warmer seasons can often show problems as the weather gets colder, such as strange noises, unusual fuel consumption, or engine issues. When you buy a car now, you can fully test it in harsh conditions, giving you a major advantage.
4. More financing options. It can be a smart choice to finance your purchase with a reasonable loan instead of buying with cash. Right now, banks and financial institutions have eased their loan requirements and lowered interest rates.
5. Centralized service. If you buy a car from a major auto center like 22 Tovchoo or Da Khuree, you'll find that banks, NBFIs, insurance companies, and the National Motor Transport Center are all located in one place. This saves you time and makes it easier to make a quick decision.
If you're exploring the option of getting a new car, we recommend NETCAPITAL. We provide the fastest, most flexible, and most efficient on-the-spot financing options.
