Indonesia taps franchise models to boost global expansion
Jakarta, June 22 -- Trade Minister Budi Santoso is pushing for the expansion of franchise business models to accelerate local business growth and drive Indonesian products into the global market.
He said in Jakarta on Monday that franchises offer a distinct advantage because their management, production systems, and market share are already established, allowing entrepreneurs to launch businesses more quickly.
According to Budi, franchising is an attractive option for aspiring entrepreneurs due to its proven business model. However, he emphasized that the products must meet strict requirements to maintain quality control.
These stringent standards, he explained, are crucial to providing guarantees to franchisees, ensuring they can oper...
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