Doing business is a risky thing and doing business in a country you know little is more risky, and then what can you do to deal with the different business situation in a total unfamiliar country? The following are some tips coming from professional Business law firms.
1.Language issue: remember Bilingual is not bicultural which means that you should not mistake language for culture, you have to choose the right person to help you deal with your business, the people who speak the same language with you, may not know what you really what. Someone can speak your language and still have no clue about how you want to conduct your business.
2.To avoid risks you’d best Let others open the door which means that you can edged into the Chinese market by testing it with a Chinese distributor, while if it gets to the point where we see we’re leaving too much money on the table, we might consider doing something different.
3.Do not get knocked off which means you should find reliable partners on the ground…. through people you know, and then pay for whatever due diligence is necessary to make sure that you have made the right choice. And then to do all of that before you start doing business with them.”
4. Look locally before leaping which means local government-run international trade programs that offer counsel will help see if there’s a need for the product in China and to think it through: Do they need to set up a WFOE? Do they need to have a presence or not? Should they go the e-com.