Do you want to do business in Indonesia? Did you know that more than half the world’s middle class will be in Asia by 2020? The growth of the middle class is so rapidly increasingly brighten the world of business and investment. As a result, a large number of startups are now focused on expanding into Asian markets, where population growth shows considerable market potential. Therefore, the startup business is considered very suitable for Indonesia. Here are the reasons why the startup business will grow in Indonesia well:
Many governments in emerging markets, including Indonesia, are laying the groundwork for a business startup environment. There is a fund of US $ 1 billion, to support IT startups in the region. With an estimated 50 million entrepreneurs in Indonesia, this could be a continuity to turn the nation into a technological giant in Southeast Asia.
Did you realize that three out of eight people in the world come from India or China? Indonesia is the fourth most populous country in the world, with a population of over 256 million people. The island of Java is the most populous island in the world. The population is mostly young, and this provides an opportunity for growth with consumers as the product life cycle. A large population equals more consumption. In the developing world, large populations have fueled consumption that drives the rate of economic growth with economic levels that can not even be achieved in Europe or developed countries.
Operating costs in developing countries are much more competitive. Prices for office rentals are much smaller when compared to cities like San Francisco or London. In addition, labor costs are also much lower.
Become a Leader
In emerging markets, your startup business has a chance of being the first of its kind. With less competition, you can achieve profits quickly or become a major player in no time.