This article explains about the tips and steps about How to start a small business in Indonesia and the way to make it lasting also a successful business.
Creating our own business is not as easy as it seems. How to start a small business in Indonesia if we got limited capital and not sure how also where to start? There are many important things you must prepare. Starting from the type of business you want to run, how you market it and financial management. If you cannot manage it well, it will cause loss. You don’t need a business consultant because the price is relatively high, we offer the information of how to start a small business here.
4 Steps Of How To Start A Small Business In Indonesia
- Decide the type of your business
It might be the first thing comes up in your mind, what kind of business I’m going to make? It is the most important thing for you. It’s better if you have expertise in the field of business you’re going to create. The first thing to answer How to start a small business in Indonesia is deciding the type. You can gather the ideas by reading news, or have interaction with many people.
It will be a waste for you if you create the business that doesn’t excite you. Remember that business will remain until the end of your life. Even if its a small business, doing a deep research about this starting from hobbies you enjoy, skills, and expertizes. For example, if you enjoy baking then you might as well start a bakery shop.
- Do Surveys from the type
It is the second step about How to start a small business in Indonesia that you should do. After you decided which type of business you’ll start, you should do surveys. Why you do this? It is important for you to know how big the potential of your business. To know your business promising or not.
The first one is a competition to look after the other companies with similar types, how many companies are there. Also, you should survey the price of your competitors’ products, quality, and the quirks. After that, there are locations, customers behavior, and your capital. It is an essential thing of how to start a small business in Indonesia.
- Careful Planning
Of course, behind a successful business, there must be a careful planning behind it. This is the essential part of How to start a small business in Indonesia. Creating a small business especially with your capital doesn’t make we can go carelessly about it. You need careful preparation and planning. The purpose is to minimize the risk of bankruptcy and loss.
Things you need to know about How to start a small business in Indonesia, many fail because the economic condition in Indonesia is not too stable and mostly it caused the reckless behavior to understand the economic condition and unprepared. The right plans consist of vision, mission, strategies, goals, policy, procedures and rules.
- Define the uniqueness of your product
This is the fourth step in How to start a small business in Indonesia. When you run a business, you will meet many competitors that might have the same target customer for your business. The secret way to solve this is to show off the uniqueness of your product. That’s why you need to define what differs your product from the other ones.
If your business type is food, for example, you can emphasize special ingredients or food resources that can only be found in your local area. It is important in how to start a small business in Indonesia. You can also show it through colors. For example, you choose two main colors like red and brown because your business offers spicy and warm foods.
That’s all the steps about How to start a small business in Indonesia. Hope the article can help you of giving new insights about doing your business. Remember to start it immediately, knowledge is needed, but the most important thing is the action.