At first, it’s hard to believe this bold statement that “Indonesia is the Best Place to Start a Business,” even surpasses USA. However, it’s very true. Indonesia has now emerged to be a business utopia for many entrepreneurs. This phenomenon is confirmed by BBC’s economic correspondent, Andrew Walker, on his article – Indonesia “Top” for Entrepreneurs.
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Index derived from the mean scores (on a scale from 1 to 4) of four questions:
Source: BBC.co.uk |
Willis Wee at Penn-Olson.com also said that Indonesia is now the rising tech-startup nation. He mentioned that there are 4 reason why Indonesia sprang into a tech-startup nation:
- Indonesia is a huge market
- Young Indonesian are very tech savvy
- Indonesians are inspired by what has happened in US
- Low startup cost
For these reasons, few tech-startup companies have been acquired by international companies, such as Disdus by Groupon and Koprol by Yahoo in relatively short period of time.
Not only in technology field, Indonesia is also a fertile land for any type of business you can imagine of, especially in retail. You can find people with crazy business idea in the Inspiration section of Kompas.com and Business Opportunity section of Kontan.co.id. Many of them are retailers. However, it just surprises me how these people can come up with their products:
- Paintings from the trunk of a banana tree
- Souvenirs made of cocoon from silk worms
- Heart-shape meatball
- Recycling soda cans
- Cow dungs
So what do you think? Are you ready to taste this lucrative business opportunity in Indonesia?