Being Entrepreneurs Should Grasp Law

Being entrepreneurs requires creativity, innovation and understanding of entrepreneurship law prevailed in Indonesia. Indeed, Indonesia is now confronting ASEAN free markets demanding entrepreneurs to grasp entrepreneurship law details.

At a national seminar on ‘The Role of Law in Entrepreneurship to Achieve Economic Independence for Community’ on Saturday (17/11) at Building of K.H. Ibrahim E6 of Universitas Muhammadiyah Yogyakarta (UMY), Deputy of Human Resource Development of Ministry of Cooperatives and Small Medium Enterprises (SMES) Rulli Nuryanto, S.E., M.Si., Pit. stated that entrepreneurs should uphold norms to run their business.

At the seminar conducted by Faculty of Law of UMY to commemorate an alumnus month of Faculty of Law in November, “Entrepreneurship Law possesses two sides, namely as an instrument to create a conducive atmosphere for entrepreneurship development and as a control. There are a lot of entrepreneurship regulations so that entrepreneurs have to recognize law since, if it is neglected, their business will be at risk,” declared Rulli.

Government working with the House of Representatives (DPR) of the Republic of Indonesia (RI) is discussing a draft bill of national entrepreneurship. “When the draft bill is enacted, it will become a supporting factor to foster entrepreneurship in Indonesia. For instance, there is yet a tax of sales on Instagram and YouTube. We notice that the entrepreneurship law implementation has not well upheld,” added Rulli.

However, Rulli remained to motivate students as young generations to commence being entrepreneurs. “If you have begun small enterprises, do not be inferior to entrepreneurs having well-established businesses. An entrepreneurship mental grows along with your adjustment to confront market competitiveness,” he encouraged.

Meanwhile, an alumnus of Faculty of Law of UMY Erwin Yuniarti, S.H. graduating in 1993 as well as an owner of Bahana Batik shared some tips to be successful entrepreneurs. “I believe that there are seven aspects which people should have to become entrepreneurs, namely confidence, duties- and results-oriented, courage of taking risks, leadership skills, future-oriented, creativity and innovation, and entrepreneurial power such as tenacity, fortitude, perseverance, honesty, discipline, sincerity, and friendliness,” he mentioned.

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