bladerunner
Banned Idiot
Who told you investments into China only consists of public companies with tons of money ? Plenty of small private businesses go there and succeeds, so don't spend too much time thinking of excuses for your friend's lack of success there.
Good for your friend if he can comfort himself in thinking he made the right choice in delaying his entrance into China. If the business plan was sound, he may actually have missed the boat when he hesitated as others may have moved in by now. Of course if the plan is bad to begin with it wouldn't have made much difference whether he went in earlier or later.
Geez you must have had a hard night. So Ill spell it out simpler for you.or I could just simply answer you back by suggesting "Chinas loss is Japans gain" but then again that doesnt really get us anywhere, by indulging in clever remarks.
First theres this person who I will call A.. a uni grad and very successful in his chosen line of business though it wasnt degree related: He had already tasted success in london in this business with another partner and it was on the place to frequent by the up market clientel from over London as well as Europe. Research had shown the same business,if he chose to open one in Shanghai or Peking, would have been a must go to place by most Caucasians that were living or visiting, who wanted that product.. ( just think of "Hard Rock Cafe" as a place where some people seem to be drawn tojust for the sake of going there)
He came back to NZ and asked my daughter (Ill call her C) and her partnter (B)who was also a uni graduate and was in a similar line of business, about starting up this business prefebably in Japan (because research had shown it was ready) or possibly China ( for the reasons SAmpan had given) a growing and important place on the world scene.
Some of the disadvantages he had to take into account have been mentioned by Rhino, Icgloo and Autumn Child. MY daughter (C) does not speak Chinese, other languages other than English are Japanese Spanish and a bit of Portuguese.
Meanwhile A and B are Caucasian, and both spoke Japanese.. ( Japanese is taught at a very early age in NZ but not Chinese)
so in the end, where would you go to cut ones teeth in a foreign business venture and out of ones comfort zone ?
Lastly was it a poor business plan? In short no. Both had hard headed parents who were senior execs in NZ's 2 largest companies/conglomerates?
who were giving sound advice, and a bit of the business smarts would have rubbed off etc etc. .
and the fact that the plan is working out for A in japan.
AS I said it was in the Hospitality line catering to primarily Caucasians and any Chinese customers would have just been icing on the cake. Surveys of patronage from Diplomatic Staff Business Tourists and foreign students at the university, suggested success, especially when (A) had this aaquaintence ( also caucasian and a NZder) who had there for about 6yrs, and was really raking it in.) That business is also aimed at the Caucasian community and visitors)
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