Bali is one of the most famous provinces in Indonesia. It is even very popular in the world. There are a lot of foreign tourists visit Bali and make it a holiday destination every year. This makes Bali one of the provinces that contribute to providing the biggest income from the tourism sector.
A large number of both local and international tourists that come to Bali for holidays make the businesses built in the province grow fast. Every year, a lot of new businesses keep emerging in Bali. The province is considered to be a promising place for people to establish a new business.
Along with the growth of the tourism economy in Bali, the Indonesian Government also makes it easier for people to build a business in the province. Business owners and investors will find it very easy to get permission to establish businesses in Bali. This makes more business owners and investors see Bali as a strategic place to grow businesses.
Though Bali offers a wide business opportunity, establishing a new business in the province is not as easy as people think. There are some things the business owners and investors should put into consideration when doing it. This page will show you things you need to know when you want to build a new business in Bali.
Know the type of Business
To build a new business in Bali, you need to figure out the type of business you are going to make. This is important to allow you to reach your business goals. There are some business opportunities that you can consider to grow in Bali.
Massage and Spa
This is one of the best business opportunities you can grow in Bali. The massage and spa services are also a small-scale business that only requires low capital. In this way, you only need to spend a relatively low budget to start investing. Furthermore, massage and spa services are also seen as a business with a promising huge profit. It can even provide you with multiple profits if the massage services offered are completed with luxury facilities.
If you are still hesitant to invest in a large-scale business, you can start with the small one. A small-scale business will help you to get a clearer view of how your business market in Bali works. Additionally, the small-scale business can also allow you to the potential of the business you are going to build.
This is one of the most profitable business ideas in Bali. The huge number of tourists come to the province, makes the culinary business promises a huge profit. However, you need to keep in mind that the competition in the culinary industry is quite tight. If you want to start a culinary business in Bali, you need to make sure that you create the one with a unique and attractive concept.
Another business idea you can try to build in Bali Island is a villa rental. Though there are a lot of star hotels in the province, many tourists prefer to rent a villa during their holiday. This makes rental villa is a promising and profitable business in Bali.
However, you need to keep in mind that purchasing a villa or building a home in Bali is quite pricey. If you want to do business, you’d better start it by investing in a homestay or small villa.
Register Your Business
Besides determining the type of business you are going to establish in Bali, another thing that you should put into consideration is to register your business. This is an important thing to do before starting a new business. By registering, you will not only gain profit but also protection in case there is a problem with your business, for instance, law issues.
Find a Manager for Your Business
Before starting your business, make sure that you have the support from an expert to help you manage it. This will allow you to minimize future risks might occur in your business. Even though the business seems to have good progress, it is crucial to make a plan to anticipate unexpected things.
Those are several tips you need to consider before starting a new business in Bali. This will help you to take the right step to ensure that your business will provide you expected profit.