As a self-made investor or business innovator, you are already familiar with the phrase that was given to the world’s largest country by population. Still today, the world’s second largest economy by gross domestic product is being referred to as the world’s factory. But without geopolitical interventions away from the Chinese borders, change has been a long time coming. The Chinese market’s pendulum has swung in your favor.
This is the case if you are a business owner, focusing on manufactured goods for export or a bespoke investor seeking value or new hedges which are not straightforward bets. It was the case before, but now, more than ever, the chinese stock market is open for business. Geopolitically, borders are open and the invitation remains open for you to invest in accordance with the way your own portfolio is structured or what your short, medium and long-term targets dictate.
As a manufacturer and/or exporter, you benefit because Chinese market paradigms are dictated by the need for consumption and importation on the side of that country’s industries and its large population. You need not be characterized as a manufacturer or exporter. As an investor or speculator, you also benefit through the utilization of specific research and analytical data which is informed by a long and knowledgeable history of the Chinese markets’ evolution since the Deng era.
Research and analytics does not merely address the numbers, nor should it. Correctly carried out, it needs to consider domestic consumption paradigms, state policy formulations and regional political shifts and partnerships. Cultural changes and the increased affluence in terms of higher spending power for locals also need to be monitored on an ongoing basis.
If you have answered in the affirmative to this important question then fortune will be smiling upon you from now on. This may also be because in the past the reps that came and went through your office door left little to be desired in regard to making effective inroads towards replenishing your inventory of manufactured goods. Previously, your business may have been hurt as a result of ineffectiveness and tardiness.
Also, the commissions that these self-proclaimed salesmen demanded did not do justice to their alleged skills and experience. You lost money and business as a result. Now, the tide has turned in your favor because this time and into the future you will be well represented. You will be joining a growing group of manufacturers looking for reps at different stages of their business evolution. On first contact, these reps may sell themselves short.
At least that may be the impression you get, because these men (and women) will not be loud mouthing previous sales records just to show you how good they are. What will happen first and foremost will be the following. Once a trial or full-time contract has been agreed to, your sales representative will not yet be heading onto the highway to aggressively market your manufactured goods to all and sundry. No, what happens first is this.
Your new sales rep will spend an extensive amount of time researching the entire evolution of your company’s design and manufacture process. He will be looking at what purposes these products are designed for. Finally, he will not sell one item from your inventory until such time that he is fully satisfied that he understands and knows your products like it was the back of his hand.
If you have been working for at least ten years of your life, then even you will have noticed just how quickly things have changed. Today, business has changed to the degree that cost cutting exercises need to be carried out over yearly intervals or every other year when a dramatic decline in income is experienced. Inevitably, one of the first things that are considered is the number of staff that can be cut in order to allow the business to continue.
It cannot continue as it did before, that much is certain. Perhaps you have seen staff come and go if you have been a working man or woman for more than twenty years of your productive life. Many of them were nowhere near retirement age and were provided with fair redundancy packages. They needed to continue to work, but finding a new post has become even more difficult today. The best way to thrive today is to go into business for yourself.
After years of servicing another company, you will find that managing a company all on your own has many challenges. You are no longer sheltered in the business environment. You are fully exposed to all the harsh elements of keeping a business afloat. But you can survive. You begin your process of learning to stand on your own two feet and thriving while you are learning how to become a business owner.
You will receive many motivations and learn how to choose your specialization, whether it is going to be taking up a franchising opportunity or putting together an original set of entrepreneurial ideas that may be profitable in the future. You will also be taught how to manage company finances.