1. Ownership: 100% ownership of the business it is highly recommended. Many experts and burned out past investors believes that any other ownership combination will not guarantee success. I highly recommend opening a business that you have complete ownership of and keeping away from joint ventures. According to research done by China Economic Research Center, near to 70% of joint ventures has failed. The only good option is to establish some pot venture with a foreign company you know and that will share the business expenses. If you have no other choice but to go with a partner, chose your partner among potential suppliers, customer, or a partner from an entire different industry.
2. Facility / Product position. Stress top class appearance and quality requirements for your facility, office and merchandise. You will be judged by the difference (higher standard) of the local competitors. What is appropriate for a local company won’t be acceptable for your foreign-owned or even JV Company. Stress physical appearance, English signs and slogans in the office and factory. Fill your organization with several foreign employees. Your Chinese customers are buying your product or service to increase their own prestige and impress foreign and local buyers by heaving worldwide recognize equipment. Chinese manufactures love to show that they have used the same equipment as the best foreign companies. Do not lease/build office or facility above your minimum requirement. Minimize your fix cost. Bigger is not better.
3. Location, location, location. This principal is universal. Choose a location that is simple to do business and also the local government is friendly to foreign businesses. In most cases, this means conducting business in the central, southeast, southwest or south of China. Shanghai, Kunshan, Suzhou, Guangzhou those are friendly territories. Read the rest of this entry »
A virtual workplace service is a unique service, which could improve any sort of business, entrepreneur or even professional. They provide many personalized services to maximise your own time, minimize your own cost as well as help you accomplish you objective within a short time period. Because you only pay for the services, you need, you do not have pay extra, no waste, no preliminary costs as well as no investment required.
Virtual office offers all of the modern workplace functionalities which people may use anywhere, anytime and most importantly at a fraction of the cost of a traditional office. It includes IP unified communications, single texting, online fax, remote receptionist along with reside phone responding to as well as web 2.0 programs. Each one of these services could be configured, handled and utilized through a single web user interface. This enables people to create and operate a remote workplace in a leading business market without having to be there. Read the rest of this entry »
On the other hand, getting a consultant with recruiting staffing will bring you an experienced worker who has knowledge about overseeing such technical issues. The primary difference between outsourcing and human resources staffing would be that the latter employs experienced workers who handle projects. Standard outsourcing usually involves workers who simply follow orders.
Another misconception about outsourcing companies would be that the workers are better than internal employees. This can be true, but it certainly isn’t a guarantee when you make use of a typical staffing agency. However, human resources staffing doesn’t just give back employees-they send you consultants. The majority of their hr professionals have many years of on the job training and experience. Read the rest of this entry »