Learning Points

Learning Points
1. Adaptation to their own culture, learn to become more flexible if you want to enter into the China industry.
2. Do not complain, but comply to what you have
3. Take note of the availability of labour, and understand your employees well
4. Bonding is important to create a united workforce
5. Don’t give up if you face difficulties, look for helps, there are a lot of trade development centers available to help you out.



6. Retaining a good talent pool within the company is important, once a good talent is lost, there is time needed to spent and retrain another up. This time can be costly in certain industry, and not affordable if it happens often.
7. Spend time and money to retrain the workforce regularly to keep them competitive and productive at all times. They will feel motivated to work harder as well as they know the company helps them to improve their skills constantly and be motivated to work and produce better final products.
8. Quality a very important factor to success
9. Singapore market is too small for profits; expansion into other countries is necessary to make more profits.
10. The people have a strong need for better lives therefore they are willing to work hard and being paid low.



11. Study the needs of the people carefully, and located your industry, office, sales office etc strategically
12. Stay ahead of the competitors always
13. If there is a will there is a way to gain and achieve what you want.
14. Retain profitable buyers, and the company need to be vigilant and able to phrase out the non-profitable buyers
15. Brand awareness is very important, there is a need to market your product well for long-term benefits.



16. Although one need to adapt to the culture and lifestyle of the people here in China, there are certain th
ings we should not adapt and change, for example our integrity should remain strong and not accept bribery or give in to them.
17. Good amount of capital is need to attain economies of scales
18. Important to have the skills needed for the industry you are setting up or working in.
19. Should know what you want to specialize in and do your homework well, so that you can achieve you want without much hiccups, and even if there is, you will be able to find and have a solution to solve it before making big losses.
20. Having a total understanding of the country is very important.
21. Know what you want to achieve at the end of the day, in another words define your target and specify your goals clearly.
22. One should not base on the dry facts form the Internet, but should come to China and experience it before judging if the facts are correct. Sometimes what is written may not be up to date or what is currently happening in China.
23. Get the right person and right job
24. Attitude in service is something that is lacking in China; there are opportunities to set up business aiming to give world-class good attitude services, or training programmes.
25. Knowing the preferences of the target market well.
26. One should not look at the short-term benefits but the long-term benefits.