JAKARTA, Indonesia, Nov. 28, 2019 /PRNewswire/ -- Establishing a startup might not be difficult, but growing it certainly is. ActionCOACH said the most common problems startups encounter is unrealistic business expectations and maintaining manpower skills.
These are just some of the reasons why only 525 startups have been formed in Indonesia since 2015. This figure is quite a distance away from President Joko Widodo's target of 1,000 startups by 2020.
"We saw a surprising fact released by CB Insights that 70% of startups fail within 20 months of their first funding round, mainly because they fail to solve the market's problems and not having the right people on board. To create a sustainable business growth, we need to redefine our business in a very clear roadmap, making sure our startup is on a strong foundation and is ready for scaling up," said Prijono Nugroho, Managing Partner of ActionCOACH Jakarta.
In order to deliver long term and sustainable growth, ActionCOACH highlights several factors likely to improve the growth potential of start-ups to scale up. They include:
Prijono added, "The key of successful scale up businesses is when your employees can work independently to run the business without you. Like making plans and strategies to grow the company, it is essential to ensure an inspiring work culture for employees, in which they feel invested and educated with valuable coaching programs".
Creating a successful and sustainable startup not only helps people turn their ideas into reality, but they also help boost the local economy. ActionCOACH plays a crucial role in this ecosystem in Indonesia. Through its personalized coaching programs, ActionCOACH Jakarta has succeeded in helping hundreds of startups scale up their businesses, including Gojek, GoWork, 20Fit, and ZAP. The company has also committed to provide free mentorship for young-adults raised by Yayasan Prima Unggul (YPU) to support successful entrepreneurial leaders at all stages.
"Startup companies create new jobs for millions of unemployment in Indonesia. It is aligned with our commitment to support the Sustainable Development Goals (SDGs) point 8, that focuses on promoting sustained economic growth and higher levels of productivity," said Prijono.
ActionCOACH's Business Excellence Forum:
As part of a series of events, ActionCOACH will be hosting the third part of its Scale Up Series, Business Excellence Forum on December 5, 2019, at the Le Meridien Hotel Jakarta. Emphasizing on the importance of people management in scaling up businesses, the event will feature guest speakers Neneng Goenadi (Managing Director, Grab Indonesia) and Veronica Risariyana (Head of People & Culture Transformation of PT HM Sampoerna Tbk).
Photo - https://photos.prnasia.com/prnh/20191128/2656449-1?lang=0
