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AFI chairman calls on entrepreneurs to take risks
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Indonesian Franchise Association (AFI) chairman Anang Sukandar (center) poses with the Best Startup Award recipients during the 2018 Franchise and Business Concept Expo at the Balai Kartini convention center in Jakarta on March 9. (JP/dpk)
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ndonesian Franchise Association (AFI) chairman Anang Sukandar has called on entrepreneurs to stop playing it safe and to innovate to find success and help the country to develop its franchise industry.
“Our country has a lot of things to explore. Lots of people run lobster and milkfish businesses, or even napoleon fish [businesses]. But rarely do entrepreneurs consider the franchise business as an opportunity,” Anang said during the 2018 Franchise and Business Concept Expo at the Balai Kartini convention center in Jakarta on Friday.
Without going into specifics, he said the franchise industry contributed little to the nation's gross domestic product (GDP) because, despite the great business opportunities, there were few franchise companies in Indonesia.
The Trade Ministry recorded that, as of 2016, there were 600 franchises operating in the country, 400 of which were foreign-based companies.
Led by exhibition organizer Neo Expo Promosindo, the Franchise and Business Concept Expo has taken place annually since 2005. At this year's event, entrepreneurs seeking funding and franchising opportunities presented their ideas to investors. The event was organized in 18 cities across Indonesia. (dpk/bbn)
