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GENESIS SEMBIRING DEPARI
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INDONESIA
Indonesian Journal of Entrepreneurship & Startups
Published by PT FORMOSA CENDEKIA GLOBAL
ISSN : -     EISSN : 29856809     DOI : https://doi.org/10.55927/ijes.v1i2
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Indonesian Journal of Entrepreneurship & Startups is a journal focused as a platform to exchange cutting-edge ideas and technologies from researchers, academics, practitioners, policy makers, and employers in order to cultivate the seed of entrepreneurship and Startup launch. Indonesian Journal of Entrepreneurship & Startup focuses on the field of Entrepreneurship practices and education and Startup models, with extensive sub-fields such as innovative education, technical and vocational education, and another related fields.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 41 Documents
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The Effect of Parental Income and Level of Trust in Using Online Stock Investment Applications on Gen Z Investment Decisions in DKI Jakarta Sekar Mustika Pangesthi; Indianik Aminah
Indonesian Journal of Entrepreneurship and Startups Vol. 2 No. 2 (2024): July 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v2i2.10747

Abstract

KSEI data (2024) shows that the number of investors in the capital market is dominated by investors under 30 years old. At the age of 20-27 years, it is suspected that the existence of parental income in a person's financial decisions is still very large. The level of trust in investment applications is also thought to be a consideration in investment decisions in Generation Z. The sample in this study was 110 respondents who were Generation Z aged 20-27 years in DKI Jakarta. This study is a quantitative study analyzed using SmartPLS version 4. The results of the research test, the t-statistic value of 1.954 and the p-value of 0.026 and the original positive sample of 0.147 indicate that parental income has a positive and significant effect on stock investment decisions. The second hypothesis, the t-statistic of 12.020 and the p-value of 0.000 and the original positive sample of 0.709 indicate that the level of trust in the use of stock investment applications has a positive and significant effect on stock investment decisions. The third hypothesis, it can be seen that based on the simultaneous F test calculation, the F-count value of 82.29> F-table 3.08, which means that the parental income variable and trust in the use of stock investment applications have a simultaneous effect. This study has implications for Generation Z to properly manage their finances to be invested in reputable investment platforms, and for the government to eradicate fraudulent investments.
Strategy Creative MSMEs of Ropih Art House in supporting the Creative Economy in the Creative Economy in the Braga, Bandung City Indri Ferdiani Suarna; Muhammad Caesar Fadhillah; Lia Nuraeni
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i1.13169

Abstract

This study aims to analyze the business model of creative MSMEs in the field of painting, focusing on the experience and strategies implemented by Mr. Dede, a painting entrepreneur who has been running this business since 1992. The method used in this study is an in-depth interview with the informant to gain an understDedeng of the initial process, challenges, marketing strategies, and expansion plans faced in running a painting business. The results of the study show that although the painting business relies on creativity and uniqueness of the product, external factors such as technological developments, market competition, and marketing through social networks play an important role in the sustainability and growth of the business. In addition, market expansion and adaptation to market changes through the use of online platforms are crucial factors in expDedeng reach and increasing revenue. In conclusion, success in the painting business is highly dependent on the ability to innovate, build long-term relationships with customers, and adapt to market and technological developments.
Analysis of Cost Variance in the Application of Target Costing as a Cost Control Tool at Haki Clothing Store Manado Asty Tyara Karisoh; Herman Karamoy; Victorina Zusana Tirayoh
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i1.13219

Abstract

Cost variance is the difference between budgeted costs and actual costs, which is often an indicator of efficiency in corporate financial management. This study aims to analyze the cost variance that occurs at Haki Clothing Store related to the target costing strategy as a cost control tool. This research uses a qualitative descriptive method, which is focused on evaluating cost variances in production and operations. The results showed that cost variances appeared in several aspects such as clothing production, labor, electricity, and employee meals. Haki Clothing store experienced cost inefficiencies in several categories such as production costs due to printing errors, electricity costs that were higher than the target, and food costs that increased due to price increases. However, cost efficiency was also found in the category of lower employee bonuses due to leave taken. These results emphasize the importance of more careful budget planning and tight control of operating costs to improve efficiency and maintain store profitability.
Application of Target Costing as a Production Cost Control System to Increase Profits in the Nanda Roasted Bean Business Tiara Syaloom Louishana Sondakh; Rudy Johanis Pusung; Sherly Pinatik
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i1.13322

Abstract

Costing goals are a strategic approach that allows companies to price products in reference to acceptable costs, with the aim of increasing profitability. This study aims to determine the implementation of the target costing approach through handling manufacturing costs to increase profits in the Nanda Roasted Bean Business. The research approach applied is qualitative descriptive through an interview approach. The results of the analysis show that with the implementation of the costing target, the manufacturing cost through one year required is Rp 364,400,000, which generates a profit of 25.02%. On the other hand, the implementation of the traditional approach caused the manufacturing cost to increase to Rp 369,890,000, with profit falling to 23.89%. The difference of Rp 5,490,000 between these two approaches highlights the advantages of costing targets through controlling costs and maximizing profitability.
Analysis of Factors Affecting Export and Import Performance Adela Nursafira; Annisa Syafriani; Sabrina Natasya Matondang; Dayu Rizki Nurhamda; Dwita Sakuntala
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i1.13355

Abstract

Exports and imports are essential elements of international trade that influence a country's economic growth. This article aims to analyze in-depth the factors affecting Indonesia's export and import performance between 2020 and 2024. The research method used is descriptive qualitative, with data collection through interviews with business actors, literature studies, and analysis of official documents. Indonesia's exports are influenced by product quality, government policies, global economic conditions, exchange rates, and infrastructure, while imports are related to domestic needs, international prices, government policies, and supporting infrastructure. The decline in exports in 2020 was caused by the impact of the COVID-19 pandemic; however, the export sector began to recover in 2021-2022 due to rising commodity prices. In early 2024, exports declined again due to global price fluctuations, reduced demand from China, and global geopolitical uncertainties. On the import side, despite a decline in May 2024, high demand for raw materials and capital goods remained, particularly in the industrial sector. Indonesia's trade performance shows a complex dynamic, influenced by both domestic and global factors. Therefore, there is a need for export product diversification, strengthening the manufacturing sector, improving international trade cooperation, and innovation in global marketing strategies to make Indonesia more competitive. Additionally, the development of logistics infrastructure and digital transformation should be prioritized to support trade efficiency.
Analysis of the Economic Growth Gap in 2025 (Case Study of Developed Countries Vs Developing Countries) Mhd Akbar; Ridho, Muhammad; Dio Pranata; Alfarizi; Dwita Sakuntala
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i1.13557

Abstract

Economic growth disparities between developed and developing countries in 2025 remain a strategic global issue. This research aims to analyze differences in economic structures, policy stability, and access to technology between developed and developing countries. Using a qualitative descriptive approach, the study utilizes data from international institutions such as the World Bank and IMF, as well as related academic literature. The analysis is conducted comparatively using key indicators such as Gross Domestic Product (GDP), investment levels, and technological access. The results show that international trade between developing countries, such as Indonesia, and developed countries, such as Japan, offers opportunities to accelerate economic growth through technology transfer and foreign investment. However, barriers such as limited infrastructure, technological access, and complex regulations hinder exports. Policies like trade liberalization, export promotion, and improving human resources are needed to strengthen global competitiveness and boost economic growth.
The Influence of Environmental and Social Sustainable Development Goals on Financial Performance with Green Innovation as a Moderating Variable in Banking Companies on the Indonesia Stock Exchange Priyono, Hendro; Sadalia, Isfenti; Syahyunan
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 2 (2025): July 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i2.14829

Abstract

This study aims to analyze the effect of environmental SDGs and social SDGs on the financial performance of banking companies listed on the Indonesia Stock Exchange during the period 2019–2023. In addition, this study examines the role of green innovation as a moderating variable in the relationship between SDGs disclosures and financial performance. The sample was selected using purposive sampling technique, resulting in 23 companies as research samples. The analytical method employed in this study is Moderate Regression Analysis (MRA). The results show that environmental SDGs have a negative effect on financial performance, while social SDGs have no significant effect on financial performance. Furthermore, green innovation has a negative and significant effect on financial performance. The findings also indicate that green innovation negatively and significantly moderates the relationship between environmental SDGs and financial performance, while positively and significantly moderating the relationship between social SDGs and financial performance. These findings imply that the implementation of sustainability practices and green innovation requires proper management to generate a positive impact on the financial performance of banking companies.
The Effect of Brain Drain on Indonesia's Economic Competitiveness: A Case Study of the Phenomenon #KaburAjaDulu Yosefin; Chen, Katty
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 2 (2025): July 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i2.14929

Abstract

The brain drain phenomenon is increasingly in the spotlight, a condition in which skilled Indonesian workers choose to work abroad, especially after the viral #KaburAjaDulu social campaign. This research aims to understand how this migration trend affects Indonesia's economic competitiveness, particularly in terms of talent loss, productivity and national innovation capacity. Using a descriptive qualitative approach and a secondary case study, this research drew on data from official government reports, scientific publications, and media articles. The results show that if not managed seriously, brain drain can hamper long-term economic growth. Therefore, more inclusive and visionary policies are needed to retain domestic talent and strengthen the work ecosystem that supports the younger generation to stay in Indonesia
Pengaruh Promosi dan Kualitas Pelayanan terhadap Keputusan Pembelian Konsumen: Studi Kuantitatif Nani; Furyanah, Anah
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 2 (2025): July 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i2.15010

Abstract

Studi ini dilakukan untuk memahami bagaimana kegiatan promosi dan mutu pelayanan memengaruhi konsumen dalam memutuskan membeli kaos Inisablon di PT. Putera Berkah Kreasi Mandiri, baik secara individu maupun gabungan. Pendekatan yang digunakan adalah kuantitatif asosiatif, dengan data dikumpulkan melalui survei kuesioner dan dianalisis menggunakan program SPSS versi 22. Hasil studi memperlihatkan bahwa promosi dan mutu pelayanan sama-sama memberikan efek positif dan signifikan terhadap keputusan pembelian, baik secara terpisah maupun bersamaan. Nilai korelasi (R) sebesar 0,775 dan koefisien determinasi 59,2% menandakan adanya relasi yang erat. Hasil uji F menunjukan Fhitung (67,845) lebih besar dari Ftabel (3,09) dengan signifikansi di bawah 0,05. Kesimpulannya, promosi dan kualitas pelayanan berperan penting dalam memengaruhi keputusan pembelian.
Comparative Analysis of Risk-Based Decision-Making Theory and Value-Based Decision-Making Theory in UMKM Business Afita, Rina; Pasaribu, Veta Lidya Delimah
Indonesian Journal of Entrepreneurship and Startups Vol. 3 No. 2 (2025): July 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v3i2.14797

Abstract

Business decisions are used to determine business activities both in the short term and long term. In UMKM businesses, business decisions are very important because business decisions affect the sustainability of the company, profitability, recruitment success, and professional attitudes in business. To help UMKM determine the right approach to decision making based on their needs and conditions, this study was conducted by comparing the theory of risk-based decision making and the theory of value-based decision making. The research method used is the literature study method and data analysis from the application of both approaches. The results of the study show that the risk-based approach is related to risk management, therefore it can help UMKM actors in identifying, measuring, and managing possible risks so that decision making is more structured and based on probability analysis. Value-based decision making is related to business ethics; therefore, it can help MSMEs in determining the long-term benefits and values generated by the company such as corporate image, employee and consumer loyalty. The conclusion of this study is that these two theories when applied simultaneously will provide optimal results because they can achieve a balance between risk mitigation and the creation of sustainable business value

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