5 Key Challenges for Start-ups to Do Business with Indonesia

Planning to start trading products with Indonesia? If yes, then hold on! While executing a company strategy to do business with Indonesia, you must know few crucial things about this country.  Besides proper planning, you must know about the challenges that you may face in importing and exporting goods through the borders of this ASEAN (Association of Southeast Asian Nations) founder country.

Indonesia can be a challenging place to do business, especially for foreign start-ups. Here are difficulties that you may face while doing business with Indonesia as a start-up…

#Challenge 1 – Choice on Product for Import-Export

Indonesia’s top exported and imported commodities include – minerals oils, crude oils, petroleum products and distillation products. So, if you are planning to choose any item from these, you may face a challenge in terms of your business output. This is so, because a huge list of businesses is trading in these products. But of course, you can either go with them or select another product, which has a good market growth.

#Challenge 2 – Going through Changing & Unclear Foreign Trade Policies

Once you are done with the product choice, you first go through all the foreign trade policies of Indonesia that are somewhat complex. This country is known for its vague customs rules and trading policies that can be changed anytime. Shipping procedures, customs tariff and other import-export trading policies must be understood point to point so that you can change your business plan on time, if necessary.  

#Challenge 3 – Inadequate Infrastructure

Many a times, it is seen that business people in Indonesia often discuss about the inadequate infrastructure of the country, although government is planning to build more roads and ports. So, you have to see how easily you can ship the products from or to Indonesia through road, air or sea.

#Challenge 4 – Finding a Buyer or Seller

Finding the genuine buyer or seller is one of the crucial challenges for your start-up business. This is the first instance when you have to trust someone for buying or selling products. In this case, you need to do some research work online with and offline both and prepare list of exporters or importers with ExportGenius.in. If you can, do visit the location of buyers or sellers to determine the genuineness. And lastly, negotiate the best deal with the buyer or seller.

#Challenge 5 – Transporting Goods from Port to Actual Destination

The last but not least, you need to arrange a cargo company, who can transport goods from shipping port to the actual destination. This is also a challenge for start-ups. You must try to find a transportation firm with good hold in the market.

Don’t worry, challenges are often related to the success as everything you learn from your first experience will help in your long term success of your start-up business! Only keep all these things in mind while making business plan to start business with Indonesian companies!

Read a topic about Indonesia Import Statistics @ http://www.exportgenius.in/export-import-trade-data/indonesia-import.php