Swimming with Asian Sharks...

Od DannyHui

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Ever wonder what it takes to do business in Asia? How do Asian business executives behave and think? Do you w... Více

Swimming with Asian Sharks - Business Secrets from the Pacific Rim
The Most Important Rule in Life
Success Is the Best Revenge
Don't Let Them Hold You Back
Reputation Only Gets You so Far
Understanding Is the Root of All Forgiveness
Business Starts at Home
Chapter 2: Lessons from Canadian Sharks - To Bite, You Must Be Bitten
Perception Is Reality
How to Concentrate for Hours at a Time
Business Is Built One Job at a Time
Everything Rises and Falls with Leadership
Wealth Is a Skill
You Are Only as Good as Your Team
When You Should Delegate
You Never Know Who You Will Meet
The Law of Timing
The Law of Fair Is Never Fair
Dealing with a Rotting Team
Make Sure the Terms Are Clear
Change the Leadership, Change the Culture
Sharks Want Big Bites
The Most Important Question to Ask in an Interview
Resistance and the War of Art
Problems Are Just Opportunities to Grow
Declare War against the Competition
The Key to Traffic at a Tradeshow: Booth Girls
Sell the Problem, Then the Solution
The VCC System
Customers Don't Pay on Time and Maybe Not at All
How to Solve Problems like a Programmer
Dealing with Impossible Expectations
Getting What You Want Without Casting Blame
Keep Your Mentors Close
How to Screw up a Partnership
Outsource as Much as You Can
Chapter 3: Hong Kong Sharks, Round 1:
2009 China and Hong Kong
China: Rapid Development
The Dangers of 2009 China
A Little Town Called Kaiping
My Uncle, the Police Chief
A shark in his own environment
Friends on both sides of the Pacific
Poverty in Rural China
The Little House in Taishan
Respect One Mountain at a Time
Know When to Save and When to Spend
Learning through Combat
Treat Every Day Like It's Your First Day as an Intern
To Gain Their Hearts Listen with Your Ears
Lessons from a Mastermind Group
The Magic Pill of E-Commerce, and the Myth
Not Everyone Should Do a Start-Up
Tips on Share Structure
Building an E-Commerce Portals
How to Write a Business Plan in a Day
The Rise of Social Enterprise in Asia
Challenges of Building a Green Business
North American Sharks in Hong Kong
Ways to Move Money into China
Plastic is Still a Big Business
The Money Lending Trade
How to Learn a Business Rapidly
Chapter 4: Northern China Sharks
Legal way into China: Reverse export
Illegal Way: Parallel Export, AKA Smuggling
Go Upstairs and Sniff the Place Out
What to Expect China at KTV
The Art of KTV
Sharks in Ningbo
Always See for Yourself if You Can
If An Arbitrage Exist, It Will Be Exploited
Shanghainese Sharks
Where to Get the "Goods" in Shanghai
Ph.D. Sharks
Trust but Verify
If You Chase Two Rabbits, Both Will Escape
This is the Age of Partnerships Not Competition
Sir Shark and Director Shark
Chapter 5: Philippine Sharks
Lack of Trust Is Bad for Business
Don't Forget to Be Generous
Never Do Business at a Gentlemen's Club
Chapter 6: Hong Kong Sharks, Round 2 - How to Interview Executives
Manual Labour Is Cheap, Talent is Expensive
Discovering the Leaders in a Group
Too Many Chefs in the Kitchen
The Retainer Fee Tactic
Building Traffic the Cheap Way
Even Sharks Have Bad Days
The Knife You Don't See Cuts the Deepest
The Finders Fees
Appear Dumb Doesn't Mean You Are Dumb
Learn How to Ask for Resources
Zhongshan China Call Centers
Step up When It Counts
Old Money Sharks
Chapter 7: Ningbo, China Sharks - Reputation Can Go a Long Way
China's Many Ways to Start-Up
The Power of Commitment
One Reason There Are so Many Rich Chinese
Death and Taxes
Plant Your Flag
Doesn't Matter Where You Are in the World
Can't Help You if You Don't Know What You Want
Wild, Wild East, Singaporean Cowboys
The Pace of Life
Indecision Will Lead You to Failure
Ideas Are Made for Sharing
The Chinese Copycat
Being down Doesn't Mean You Are Out
From Rice Box to Groupon
The World's Longest Puking Story
How to Avoid an Epic Puke Story
Chapter 8: Hong Kong Sharks, Round 3, How to Get People to Come Crawling Back
Be Clear with Your Expectations
How to Get Someone to Follow You to Asia
Contractors Can Remain Friends
How to Say Goodbye for 4 Months
Chapter 9: Hong Kong Sharks, Round 4 - Don't Look a Gift "House" in the Fridge
The Rule of 40/30/30
A Poor Mindset Can't Make Good Decisions
Focus on Strengths
Dress Professional to Be Treated like a Professional
Never Assume Anything
Chapter 10: Korean Sharks - Put the Puck in Front of the Right Player
Family First Business Second
Lead People by Working Your Ass Off
The Poodle in the Group
The Importance of Language
Observations of Korean Customs
The Donald Trump of Asia
How to Ruin Your Working Relationship Instantly
Get Clarity at All Cost
Talk to the Highest Level
Chapter 11: Malaysian Sharks
Leadership Can Make or Break a Country
Impressions of Malaysia
It's Not What You Sell, It's How You Sell
Learn a Trade at the Trade Show
Chapter 12: Southern China Sharks
How Factory Sharks Make Their Money
Better an Empty Wallet than an Empty Head
The Second-Wife Capital of China
Know Your Limit
Appearances Are Deceiving
Notes about Mongolia
A Private Highway
Don't Talk to the Police
The Rise of the Social Entrepreneur
Don't Let Your Pride Waste Your Time
Opportunity Comes for Those Who Are Ready
Jumping before Looking
Thoughts on Share Structure
The Shares Indicate the Intent
Big Data and Business
Shares and Motivation
Always Provide Options
The Lean Start-Up Method
Pivot, Pivot, Pivot Until You Find Traction
Don't Lose Focus
Notes on Angels and Devi...VCs
How to Win with Angels
How to Give Kick Ass Presentations
Get a Mentor for the Skill You Wish to Have
Good Advisors Give Good Advice
Professional Middlemen
Air out Your Frustrations, or You Will Go Crazy
Stick with Your Decisions
Don't Make Decisions on Tilt
Apologize Immediately When You Are Wrong
Conclusion: The Only Two Outcomes Winning or Learning
Appendix

Know the Language or Be Left Behind

171 2 0
Od DannyHui

Mr. Princeton came to visit us in Ningbo, where he managed to convince me to meet with him in Shanghai so that we could make a short two-day trip to Suzhou.  We took a hired car, also known as a “Black Card” illegal cab.  It was a long drive from Shanghai to Suzhou, and our cab driver actually got lost when we arrived near the city.  He had to chase down another cab to hand us off to them.  You will see this often in China—basically, ad hoc subcontracting. We had paid almost a couple of hundred dollars to the original cab driver who then paid the subcontractor cab driver a couple of dollars to finish the trip.

Mr. Princeton and I were on our way to see the grand opening of a soil treatment factory.  The company was started by two Canadian engineers, Mr. Chemistry and Mr. Civil.  The goal of the project was to create a system to process waste soil back into soil making it once again usable.

They had a launch day in Suzhou on May 19 and we had chance to go. Suzhou is a very beautiful city and there we stayed in a hotel shaped like a giant flying saucer in the middle of nowhere. This was where they had their launch party, and a bunch of government officials came to the launch. At the launch, we met one of the “Party Engineers” from among a small number of highly respected engineers, all of them extremely old, in their 70s and 80s.

The press conference was in the morning. Instead of a ribbon cutting, they had a device that was a beach-ball-sized glass orb. When they all touched the orb at the same time, a giant LED panel notified the audience in glowing letters that the place was officially open.

The Chinese company the Canadian company with which it had partnered took the lead in both the press conference and proceedings. While everyone was speaking Mandarin, Mr. Civil, the VP of the company and its Canadian representative at this event, gave quite a good speech in English, which only a handful of people likely understood.

This example shows that language is extremely important if you wish to swim with Chinese sharks.  So much was happening in which Mr. Civil was not able to take part.  If you are planning on doing business in China, make sure you know the language, or at least have a very good translator.

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