@englishbusiness
There are three elements of chinese military strategy, taught to every school child for generations, embedded in this response. Not all understand, but all know these strategies.
Just speaking a language fluently is insufficient to create, grow/sustain, and scale long-term relationships.
You'll need to understand your stakeholders, so you can lead them, influence, them, attract them, as opposed to following trends, which has its advantages and risks. Leaders enjoy the benefit of first kill, while the pack that follows compete amongst themselves for the scraps. This is one of tenets of entrance barriers. While your competitors are fighting over the carcass of last year's kill, you've moved on to the next market or market segment, within your chosen domain(s).
LANDSCAPE AKA BATTLEFIELD
China is not the China most westerners see. It is as diverse and as complicated as Europe in both locations and peoples - aside from the debatable and arguable advantage of centralized control.
HARD OR TECHNICAL SKILLS
2. If you have a business MODEL, it should be long term, difficult to copy, profitable (short term to longterm), sustainable, and scalable. These principles hold true regardless of where you set up shop - but even more so here - as a population density 4-5x that of the USA would logically dictate a competitive environment 4-5x as fierce.
Most successful 1 trick ponies - fail within 3 years. Typically, the first year is sunk cost building up your brand and business. The second year is spent trying to fend off copycats, and the third year is spent shutting down from ludicrously excessive competition, offering poorer cut-rate knockoff services, starving and strangling your baby to death.
That is the reality of competition and we haven't even delved into the force majeur realms of dirty tricks, corruption, and political risks.
Sales take place all over china - but can you survive on their profit margins or in their highly competitive environments until you can establish brand and distinctive differentiation?
Do you have multiple exit strategies, to include catastrophic failure?
SOFT SKILLS
This mostly addresses your short term plan to establish a beachhead, to the longer term organic and ultimately exponential growth. You'll need to have a strong executable technical plan, well trained and loyal staff and loyal stakeholders - but it will ultimately depend on your ability to influence and lead others as a leader and visionary, if you're ever to make it off the beach and push inland.
China is littered with the carcasses of local businesses inspired by brilliant ideas and native level Chinese language abilities.
Winners: Best of Kunming Awards 2018-2019
发布者There were no losers in this annual award. Each nominee provides excellent venues. It would be nice if Gokm (hint hint) posted a list of the nominees also...and as an added compensated or not benefit - each nominee and winner could then post the Gokm award or nomination logo on their review sites in the Gokm listings (added revenues for Gokm, to help offset updates and enhanced or new features...just a suggestion.
Alliance Française opens in Yunnan's capital city
发布者Congrats to Thomas and Alliance Francais on the long haul to re-introduce the presence of French culture to this province. Let's hope it's followed by mutually beneficial economic relationships.
France has exceptionally strong agricultural bases, so that'd be a great first step, followed by Airbus, France Telecom, etc.
Kunming's sustainable food scene, an interview with Mira Qi
发布者Excellent and informative article on evolving China's food chain in a multilaterally responsible manner.
Interview: Marco Conti on 14 years of business in China
发布者Wonderful news and information - I'll be looking for Marco at the next YFB meeting.
Diaper Drive! Help buy nappies for in-need tots
发布者Yereth - would you please do an article on the Sunrise Foundation sometime. And if possible - post a wechat/alipay link for recurring or one-time donations?