HOW TO BECOME A SUCCESSFUL ENTREPRENEUR IN CHINA ?

We know that China has been largely rising economically without the last years and it still does. It seems that the next most developed and advanced future is going to be in Asia exactly. For a variety of reasons we see “made in China” sticker more and more and if before it meant that the product will not have a good quality then nowadays we have to admit that actually China has become a really successful country for entrepreneurship and for quality as well. So now let’s understand why is China so developing in entrepreneurship nowadays and what we can do so as to become successful in China.

Some entrepreneurs do want to set in China however some try to stay away from it just because they are not interested in the culture, language and they think that the Chinese way of doing things is way too much for them. However, in case you are really interested in it, here are some tips for you.

• The very first thing to know is that it is very different from the West. For doing business in China you have to forget about all the things in West. Well, the theoretical part is pretty much the same, which means that you should find strategy, target group etc. However the ways that you do it in the West is a lot different from the way to do it in China because the culture, language, people and everything else is so different including the legislation. You have to study this and talk to the people who did business in China and who failed and succeeded so as to know what to do and what not to.
• You should get the trust of your partners. If in the West the business deal are done more quickly with a formal meeting then here in China it is done more by relationships. So actually you have to set some relationship with the companies and they must start trusting you. This is only when they will start working with you. In order to get the trust you had better hire local employees and also it would be better if you are there in person.
• One of the best things you could do is to invest in digital. The thing is that China is the country which has the highest internet users with more than 700 million and almost everything here is done through internet. This means that you can invest in digital sphere and the chances are more to succeed.
• The needs of Chinese and their concerns can be a lot different from the concerns of Western people and what you have to do is to listen to their concerns, understand them, go in touch with them and try to find solutions. For the Chinese people it is really important to keep in touch with the company and also to make sure that their concerns will be heard.
• Of course you should think about the team you are going to hire as well. If you have decided that you will hire Chinese employees then you have to know that the ways to approach them are also very different from the Western world. What you have to do is to provide some guidelines for the Chinese staff and also to set clear the expectations from them.
• Another thing which you should also know and take into consideration when it comes to Chinese staff for success is that you should not trust the ‘’yes’’ or ‘’ok’’ of Chinese staff. Even if they do not understand anything they will not ask you and what they will do is doing it either in their way or just ask their Chinese colleges which can even be worse. So make sure you solve this problem because the staff is really important for the development of the company.

These are the most important things that you should know about entrepreneurship in China. The Asian world and especially China is a lot different from the world that we are living in nowadays and therefore what you should know the culture very well if you want to set a business there. Just think about this properly, investigate the Chinese market, try to learn the language or just check the culture very well. Chinese have a completely different world and it is just essential to get to know the culture right before you set a business there. Make sure that the staff you are going to work with in China understand what you want exactly. If it is a Chinese staff then you should be even more careful about this and the way you interact with them, the way you work with them. We wish you good luck and we hope that China will bring success to your company.