Entrepreneur returns to hardscrabble life as covid-19 wipes out his business Premium JON EMONT , The Wall Street Journal In developing countries, economic recovery will depend on small enterprises; ‘This is the lowest I’ve ever been,’ one Indonesian businessman says Share Via Read Full Story Rizky Eka Valdano spent nearly a decade building a travel business from scratch. By early 2020, the Indonesian entrepreneur—who grew up amid economic hardship and paid for college by hawking fake Rolex watches—had 12 employees, a Japanese car and credit cards. The Covid-19 pandemic wiped it all out in 10 months, echoing a plight that has played out across the developing world, where eateries, tailoring shops and other small enterprises are collapsing as the pandemic drags on.