Achieving Stronger Economy through Small And Medium Enterprises (SMEs)

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CoHive

Features

Jul 5

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The rapidly growing SME sector has contributed greatly to Indonesia robust growth in economy. In 2018 the 64.1-million entrepreneurs made up 60.34% of the national Growth Domestic Product (GDP). With export as one of the main focuses in becoming the top 10 economies of the world, SME empowerment would be a strategic move to maintain economic competitiveness in the global market.  


In a casual event held at JSC Hive by CoHive on June 25th – jointly organized with Jakarta Smart City – around 39 attendees had the opportunity to gain insight about the challenges faced by Small and Medium Enterprises (SME) in Indonesia. They also exchanged ideas on how some agents of change are helping them to not only cope but also thrive in this age of global trade. The hour-long event that started at 7 PM had 2 speakers, Debby Lufiasita, Community Activation Manager of Moka and Roy Baskoro, Chairperson of FOKUS UMKM Jakarta.


In line with its title of “GSJ Meetup: Ngobrol Jakarta #8 Agent of Change For SME Businesses in Jakarta” Both speakers shared about how they project Indonesian SME’s growth in 2019 and further, the issues they will face, as well as the various programs rolled out by the government to deal with those issues. Both speakers also shared how supporting SME-centered startups and associations can further strengthen Indonesia’s economy in the long run.


Cloud-based point of sales service Moka is a game changer for many F&B SME as it enables business owners to make data-driven decision thanks to the data their service provide while lowering operating costs. The free business development program Moka runs for its merchants includes free seminars with experts to gain business inspiration as well as promotions with other parties to drive more transactions.


Meanwhile FOKUS UMKM Jakarta is a community forum for SME with a goal to achieve sustainable development for Indonesian SMEs. The chairman shared several insights on the challenges that the SMEs will face and how the entrepreneurs are recommended to deal with those challenges. The recommendations they offer include venturing into fintech in the form of crowdfunding for financing solutions, harnessing digital innovations, as well as strategies to employ during trade wars.


When asked about the biggest challenge SMEs face, both speakers brought up issues in raising capital, Debby from Moka offered a suggestion to deal with financing issues, “when you don’t have capital then you need to change your mindset and collaborate. We need to collaborate more.”


The evening ended on a high note that left its attendees motivated to be the agents of change the SME sector needs. “Never up, you need to keep a dream board and write what you want.” Roy said in his concluding remarks, “stay away from anything that does not bring us closer to our dreams.” 


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