| up a business in China, be it for importing or exporting, | | | | as well as ensuring everything is made inline with |
| can be a tricky thing. Not only do you have to contend | | | | Chinese inspection standards. Are you confident to |
| with different laws, there are also the cultural | | | | perform these yourself, or do you have someone to |
| differences and language barriers. Add into the mix | | | | do it for you? One of the worst things that can |
| product standards in different countries and a task, | | | | happen is that you have a great product idea, but it |
| that may have appeared pretty simple at first, | | | | isn't made correctly or inline with industry standards. |
| suddenly becomes incredibly complicated | | | | Due Diligence: Due diligence is essentially an audit or |
| So what do you need to do to ensure your business is | | | | checklist of an investment - be it a product or service. |
| not only setup properly, but all products and services | | | | Performing due diligence means that you're ensuring |
| adhere to laws and standards, both locally and in the | | | | whatever product you're working on is being made |
| country you're setting up business in? And how do you | | | | correctly and safely. It is often a legal requirement that |
| ensure that the products get from A to B in one piece | | | | due diligence is performed, so it's a good idea to |
| if you're importing or exporting them? | | | | employ a due diligence consultant to ensure everything |
| No matter what your product or service is, the | | | | runs as smoothly as possible for the entirity of the |
| following steps are essential when conducting business | | | | operation. |
| in China: | | | | Crisit Management: What happens if something goes |
| Factory Sourcing: The first crucial step when setting up | | | | wrong? The simplest problem can often snowball into |
| a business in China is finding a factory to get your | | | | an impossible hurdle if not dealt with correctly when it |
| products made. Not all factories are created equal, so | | | | arises. It's essential that you not only know how to |
| it's essential that the factory can create your product, | | | | identify potential and arising problems, but also how to |
| is reputable and will create a quality product that you'll | | | | deal with them if and when they occur. |
| be able to sell. Factory sourcing takes time, but it's | | | | The above recommendations only form the first steps |
| essential that this first step is done right to avoid big | | | | to setting up a business in China. Once the above |
| headaches later down the track. | | | | have been looked at it's also essential to pay attention |
| Inspections: Inspections don't only cover the inspection | | | | to areas such as document handling, trade fairs, |
| of the product - they include factory inspections, | | | | factory setup and project management. |
| production inspections, loading, safety and compliance, | | | | |