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Added for You - Buy A Business In Mexico -- Instead Of China -- And Have Far Fewer Headaches With A Lot More Money
Over-eating or bingeing is detrimental to one’s health. Similarly, over-acquisition can cause corporate indigestion such as over-leveraging, integration difficulties, cultural misfits etc. You are what you eat.While fast growth through acquisition is a thrilling experience in running businesses, it
I’ve had the pleasure and honor to meet some of the world’s greatest leaders and leadership gurus, from Sir Richard Branson, General Tommy Franks, and Captain Mike Abrashoff to Dr. Warren Bennis, Dr. Henry Mintzberg, and Tom Peters. And I get paid to do it! Through our work with Linkage Inc., we help suppor
Why?
Well, first of all -- and this is not a knock of the Chinese people, but an observation of their overall business culture where they play by a completely different set of rules than we do in the U.S. -- if you have a proprietary product, in China they're going to steal it within one hour and they’ll be manufacturing it themselves.
Plus -- and this is just my personal opinion from having dealt with outsourcing for over 20 years -- they're very hard to work with in China. I have never had any trouble working with the businesses and managers in Mexico. But in China, you have to constantly watch what's going on until the contract is signed.
In fact, when I taught seminars, Asians in my class would consider me racist because of what I was saying. I’d say it has nothing to do with race, and it's just the way the business culture is. Nothing right or wrong about it, it is what it is. And if you insist on doing business there then you'd better learn how to negotiate, because it's almost guaranteed they’re going to come up with something to get you to change the price -- no matter how fair or in their favor the nu
If you ever thought of making and selling your soaps, You must read this article. We'll talk about how to correctly price your soaps. This is very important, as you need to know exactly how much a bar of soap costs you to make. Pricing is extremely important for any busin
Why?
Well, first of all -- and this is not a knock of the Chinese people, but an observation of their overall business culture where they play by a completely different set of rules than we do in the U.S. -- if you have a proprietary product, in China they're going to steal it within one hour and they’ll be manufacturing it themselves.
Plus -- and this is just my personal opinion from having dealt with outsourcing for over 20 years -- they're very hard to work with in China. I have never had any trouble working with the businesses and managers in Mexico. But in China, you have to constantly watch what's going on until the contract is signed.
In fact, when I taught seminars, Asians in my class would consider me racist because of what I was saying. I’d say it has nothing to do with race, and it's just the way the business culture is. Nothing right or wrong about it, it is what it is. And if you insist on doing business there then you'd better learn how to negotiate, because it's almost guaranteed they’re going to come up with something to get you to change the price -- no matter how fair or in their favor the n
Let's take a look at other components of a company name and how it is displayed. Look at several business cards you have collected. How many of them can you read easily? The ones I have generally highlight only one aspect of the company. For some it is the logo, others it is the company name and yet others it
Plus -- and this is just my personal opinion from having dealt with outsourcing for over 20 years -- they're very hard to work with in China. I have never had any trouble working with the businesses and managers in Mexico. But in China, you have to constantly watch what's going on until the contract is signed.
In fact, when I taught seminars, Asians in my class would consider me racist because of what I was saying. I’d say it has nothing to do with race, and it's just the way the business culture is. Nothing right or wrong about it, it is what it is. And if you insist on doing business there then you'd better learn how to negotiate, because it's almost guaranteed they’re going to come up with something to get you to change the price -- no matter how fair or in their favor the n
Most of us think of business cards as just a written reminder of someone’s contact details. They can become more than this with a little imagination. Think of these cards as being a useful means of advertising your business. They are relatively inexpensive to print and light to carry around with you.
In fact, when I taught seminars, Asians in my class would consider me racist because of what I was saying. I’d say it has nothing to do with race, and it's just the way the business culture is. Nothing right or wrong about it, it is what it is. And if you insist on doing business there then you'd better learn how to negotiate, because it's almost guaranteed they’re going to come up with something to get you to change the price -- no matter how fair or in their favor the n
If you're in concurrence with over 90% of all business owners—Ads don't work! They're expensive, a low ROI, and all they do is fuel ad agencies to churn out more ridiculous rubbish.So why do most ads fail to bring in sales?Simple. If you browse the ads in your local paper, just about all of them
And I still tell people that if you're going to go to China then after you sign the contract, make up four or five things (really outrageous things) that will happen as penalty if they change the price. And then come up with little nitpicking ones. And when they hit you with the nitpicking things in the beginning, say, "I’m glad you want to open the door again on this negotiation because as I looked at this last night, I found the following three or four things that we might want to change."
And as soon as you come back and start doing that, they back off every time.
But again, I always outsource to Mexico, because it's ten times easier and you don't have to mess around with all these negotiating tricks and nonsense. But if you do decide to outsource anything to China, be careful and make sure you know what you're getting yourself into.
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