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Indonesia amidst the threat of recession, these are business opportunities that can be done page all

KOMPAS.comIndonesia currently under threat recession in the midst of the corona virus pandemic that occurred.

As is known, the Central Statistics Agency (BPS) has released Indonesia’s gross domestic product (GDP) in the second quarter of 2020 minus 5.32 percent.

Some experts say, if in the next quarter economic growth Indonesia is still at a minus number, Indonesia will enter the abyss recession.

Theoretically, a country is said to be in a recession after two consecutive quarters of economic growth.

Then, is there an opportunity business what can be done in the threat of recession due to this pandemic?

Economic observer from Gadjah Mada University (UGM) Fahmy Radhi said that in a recession, almost all businesses experience a decline.

“Including manufacturing, mining, property, hotels and others, are experiencing a decline,” Fahmy said when contacted Kompas.com, Saturday (8/8/2020).

Even so, the Covid-19 pandemic has created new business opportunities.

Also read: History of Economic Recession in Indonesia

For example, he revealed, the sale of goods online or delivered to consumers.

Business consumer good by online and delivery this time again nge-trends and prospective. People must develop various new businesses by using them online, “he said.

Then, the cycling trend has also increased, according to him, it could be a new business opportunity for some people.

The next business opportunities that can be looked at are in the agricultural and plantation sectors.

Fahmy said economic growth in the agriculture and plantation sectors was still positive.

“All types of food crops, until the second quarter of 2020, are still growing positively,” he explained.

Fahmy reminded that although various types of new businesses emerged, the business capacity was relatively small. Thus, it will not significantly open up jobs.

“The contribution to economic growth is also small,” he said.

Also read: Is Indonesia Safe from Recession?

Business idea

Meanwhile, quoting foundr.com, Rapid changes in daily life and adjustment to new normal are business opportunities.

Some of them can be solved with an online business. Here are three online business ideas:

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Social distancing and stay-at-home policies adopted by most countries, people are looking for new ways to stay fit and healthy, while gyms are closed.

For those who have training equipment such as jump rope, mattress, and dumbbell, can practice at home.

However, those who do not have it and may lack experience in self-training, can take advantage of fitness applications.

If you’re a fitness expert, being able to become a fitness consultant and developing your own digital product is a great way to reach lots of new clients.

This method is also able to keep the business growing.

Also read: Experts Warn the Possibility of the Covid-19 Vaccine Could Not Be 100 Percent Effective

Working remotely is said to leave many people isolated and stressed. People are looking for ways to reduce stress, relax, and focus on mental health.

If you are someone who likes helping others or creating digital products, it might be a good time to launch your own fitness program or become a health consultant.

A wellness program helps manage stress and leads on the way to becoming a more conscious and productive individual.

A wellness program includes yoga, meditation, stretching, exercise and healthy habits.

Digital products need not be expensive. You can create a free website, share content via e-mail, and record videos uploaded to YouTube.

If the content is informative and well-planned, it will easily gain traction.

  • Service for remote working
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For those accustomed to working remotely, a new work from home ethic means a slight change in routine.

However, for those who are accustomed to working from an office, it is a big challenge to adapt.

Many businesses are more likely to sustain new changes, especially if working from home doesn’t impact productivity.

For the right entrepreneur with the right marketing, this can be a promising opportunity.

If you are someone who has worked remotely for many years, then you can use the knowledge you have to help companies make the transition.

Think of a service that caters to remote working conditions.


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