No matter where you launch your business, there will be challenges to overcome. When you start a company in a region like Asia, it’s not just unexpected dips in the market that you have to keep an eye on. Indonesia, Thailand, Malaysia and the other Southeast Asian countries are beautiful, thrilling places to work but they come with some unique dangers.
In Indonesia, for example, the weather is something which small businesses owners have to consider very carefully. There are heavy rains between the months of October and April and they can have a real impact on productivity if you’re not prepared. Then, there are the traditional corporate risks; public liability, economic downturns, data theft, and more.
The good news is that there are plenty of ways to keep your company safe. Keep reading for some tips on how to manage business risks and stay on the right side of success.
Risk One: Business Interruption
This first risk is relevant to all businesses because every company can fall prey to a crisis, but it is a bigger concern for those in tropical climates. In Indonesia, the most likely reason for a large scale disruption would be the weather. Mudslides are common here and, even when conditions are not dangerous, the rainy season can still make it hard to get into work.
Instead of panicking when this happens, especially if you haven’t got your star employees around you, just find an alternative way to work. With the support of a provider like Servcorp Indonesia, your employees can check in and carry out tasks from a number of virtual facilities. Alternatively, you could just switch to remote mode and let them operate from home.
Risk Two: Hostile Market Conditions
The most successful entrepreneurs get that way by understanding the difference between the things that they can and cannot control. The state of the market and your industry is something that you have no direct influence over, but you can be prepared for change. It is all about careful spending and retaining a sense of flexibility.
This is why virtual offices are so popular right now. They allow small businesses and startups to minimise their overheads as far as possible. When you don’t need to commit to a contract or pay for resources which aren’t valuable to you, it becomes easier to save cash. The more capital that you have as a financial ‘cushion’ for the business, the better your chance of surviving market downturns and hostile economies.
Risk Three: Employee Liability
As a business owner, you have certain responsibilities. You must make sure that your employees are working in a safe, comfortable, and well-equipped environment. Things like air conditioning, heating units, and cleaning services are part of the promise that you make to the workforce. Providing these basics is the right way to protect yourself against complaints and negative action.
It is also the right way to build up trust, loyalty, and friendship with your workforce, all of which are an essential part of productivity. When employees feel happy and appreciated by their company, they work harder. If your profit margins are narrow and you need access to a fully equipped office, with no fuss or complicated contracts, consider using a virtual facility.
Why Virtual Office Solutions Are the Best Option
The capital city of Indonesia, Jakarta, is home to a number of excellent serviced and virtual facilities. These highly flexible offices are perfectly matched with their environment because Southeast Asia can be an unpredictable place. Whether it’s the weather, political turbulence, or rapid westernisation which is driving change; you need to be on the right side of it. With a virtual office, it is easy to manage overheads, because you pay just one monthly fee.