Preventing issues in China business
Preventing issues in China business Advice,Business,Consumer As well as filling in lots of beautiful balance sheet predictions at the start of the project, spend some time planning around problems that may arise during the course of things. Develop a full set of contingency plans for each and every eventuality including practical solutions to be used for workarounds. Ensure you have set milestones for each stage of the project, and an exit strategy for every place in that plan too even if you don't intend to use one. Never forget that business in China is based around personal relationships and Chinese suppliers may mislead or even outright lie to yo u if there is another personal business relationship (outside of yours) that would be damaged by the truth. Many Chinese businesses are also not unconstrained entities as they are in the West and local political issues may have a significant impact on their capacity to do business with foreign organisations. This may be very di...