Have you wanted to start a business in China? We have the slideshow for you. If you want to learn more, you can read the full blog post here. https://blog.laowaicareer.com/what-foreigners-need-know-start-business-china/

1. Starting A Business In China
If you ever wanted to start a
business where you are guaranteed
a fruitful one, then maybe you could
move to the land where there are
an abundance of people. China has
over a billion people, and your
chances of your business prospering
are greater than any other place.
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2. Research
Just like everything else, research is the key. It’s like when
you get started on writing your research paper. The first
thing you would want to do is find out what you want to
write about and why. It’s the same way with business; you
would want to find out what you want to sell and why, and
how and who will buy your product.

3. Visas
Acquiring a visa should be the first step before actually
starting your business. You have to be able to complete the
process before you even do anything with your business.
TravelChinaGuide.com explains the process.

4. Location
Where exactly do you want to start your business? How
will it entice the people of that location? What can you
offer that location that no one else can? Be sure to factor
these before you start your business.

5. Knowing your customer
You will need to explain who your core target customers
are to potential investors and commercial partners. You
need to persuade these investors why you think your
business will do well in said town and to the target
customers. You also must remember that it’s not about the
demographics, but the culture and the social status that
factors in on how successful you want to be.

6. Registration
According to PathtoChina.com, there are three key factors
to consider when registering your business. They are the
type of business presence, registration fees, and post
incorporate services.

7. Guanxi/Relationships
You must understand the way the business world works in
China. Never underestimate its power, for it can’t get you
far if you do. Building a relationship, for the most part,
involves family, hometown, university, or some rank social
connection. You must be able to meet face-to-face with the
people you are doing business with.

8. Bonus
Click on the link below to read the full blog post!
https://blog.laowaicareer.com/what-foreigners-need-
know-start-business-china/

9. LaowaiCareer.com
blog.LaowaiCareer.com
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