Title Erwin’s Small Shops
Author Soekono Soebekti
Christianti (Other author); Yanto Sidik Pratiknyo (Other author)
Publisher Jakarta : PPM School Of Management, 2004
Subject Entrepreneur
Code Collection 011/C/RC-CCH/STM 200
Language ENG
Physical description 20 p.
Copies 0
Abstract Erwin Owan Hermansyah (38 year) started a small mini-store in 1991 In 1999, he had run the Indomaret franchise as one of the most prominent mini-market franchise in Indonesia. In addition, he also operated the Laudrette laundry service and Roti Unyil (Unyil Bread). He also opened telecommunication shops and provided rental rooms for beauty accessories counters, ACs and motorcycles outlets. He also cooperated with his younger brother in opening internet shops and multiplexes (computer games using local area network). Erwin continued to open some new businesses, although in small scales. In 1998, Erwin faced some various financial problems. The economical crisis hitting countries in South East Asia had caused big devaluation of Indonesian rupiah exchange rate against US dollar, In July 1997, exactly before the crisis, the exchange rate was US $ 1 = Rp 2,500. In early of 1998, US $ 1 = Rp 15.000 or average about Rp 10.000 for the most of the time that year. The monetary crisis hit the most fundamental businesses in Indonesia. This business also influenced Erwin’s stores.  

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