More on Indo and stuff
Had a business lunch with some business colleuages and clients from Indonesia today, and learnt more about the country and some business lingo talk, haha:
Indonesia
During the great recession, the country was one of the few in Asia that did not go into recession. One may ask why when most of Indonesia's people are already not so well off, until I was told that the domestic market in Indonesia is huge, which means they do not have to depend on other countries to survive. No wonder people keep telling me that Indonesia has so much potential, if driven in the right direction. The richest man in Indonesia sells clove ciggerates at a couple of dollars per packet. These ciggerattes are not exported aggressively to other countries and mostly serve the locals. Well this an example of the power of the locals. If you can capture just the local market you be a rich man if you do the right business.
The Indonesian government do not often turn their policies around suddenly, unlike China, where one day they can suddenly tighten credit policies and the next day they can let go their policies depending on where the country want to go. The central chinese government can do whatever they want and say and the rest has to follow. In this aspect you can say that the Indo government is more stable than the chinese, and businesses in Indo can flourish with more ease.
How to talk business: Small talk:
-'How are the interest rates these days, mortgage rates, bank saving rates, etc'
-'sweet spot'
-'capture the share of mind'
-'good problem'
-'market accepts it'
-'wear the right hat'
-'agree to disagree'
Indonesia
During the great recession, the country was one of the few in Asia that did not go into recession. One may ask why when most of Indonesia's people are already not so well off, until I was told that the domestic market in Indonesia is huge, which means they do not have to depend on other countries to survive. No wonder people keep telling me that Indonesia has so much potential, if driven in the right direction. The richest man in Indonesia sells clove ciggerates at a couple of dollars per packet. These ciggerattes are not exported aggressively to other countries and mostly serve the locals. Well this an example of the power of the locals. If you can capture just the local market you be a rich man if you do the right business.
The Indonesian government do not often turn their policies around suddenly, unlike China, where one day they can suddenly tighten credit policies and the next day they can let go their policies depending on where the country want to go. The central chinese government can do whatever they want and say and the rest has to follow. In this aspect you can say that the Indo government is more stable than the chinese, and businesses in Indo can flourish with more ease.
How to talk business: Small talk:
-'How are the interest rates these days, mortgage rates, bank saving rates, etc'
-'sweet spot'
-'capture the share of mind'
-'good problem'
-'market accepts it'
-'wear the right hat'
-'agree to disagree'
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