There is a recent survey commissioned by IE (International Enterprise) Singapore showing 50% of SMEs are investing in China. IE and SCCCI (Singapore Chinese Chamber of Commerce and Industry) created an establishment in Shanghai which seeks to assist SMEs in exploring the Chinese market. This new venture will surely ease constraints on FDI (Foreign Direct Investment) and slacken trade and services.

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If you are thinking about venturing in China, you should know how to manage your SME. There are many competitions but you can be successful if you are really serious. You can consider the following things to ensure success:

  • Know your target. The first thing that you need to do is find your niche. This requires market study or research but when you identify that specific niche, you will surely grow.
  • Build your team. It is important that you build your team Do not just employ a person for the sake of filing a position. Build a team that can help you put together your business.
  • Be fast. If there are deliveries, always be fast. Lateness will reflect badly on your company. Respond to emails as soon as you can and return calls right away.
  • Be appreciative. Saying thank you is a powerful one. You should tell your customers and employees thank you all the time. It will show how much you value them.
  • Smile. Smiling will give glow to your place. People buy or avail of your services not because of your product or services, they simply like you and your welcoming smile.
  • Be optimistic . At the end of the day, attitude really matters. You have to keep that optimism so you can endure all things. Optimism is contagious you know. It will radiate and infect all people around you.

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You should value your humble beginnings. Multinational companies start small. This means you have a chance to be bigger and better. Good luck on your endeavours!