What a great article to kick off the first week of Consulpedia!
The Asian Ecomony
The Asian market is, historically, a really difficult sector to break into, however it is also incredibly fruitful. There are a great many benefits though that come with being able to bring your business into one of the biggest economies in the world. Thomas Clayton, an entrepreneur from the Silicon Valley has analyzed the market in great detail and provided a comprehensive analysis of the appropriate steps needed to be successful.
At Consulpedia we aim to provide you with information exactly of this caliber, so it seems a great place to start.
Ready to Expand your startup into Asia? Read This explores the different aspects of the Asian market, the tips and tricks for startups looking to move in there, and what you can do to ensure you’re successful.
Clayton’s Big Tips
The first factor Clayton mentions is to prioritize the different markets. China and Japan are two of the biggest players in the Asian market and so either of these are a great place to target. Being one of our biggest trade partners, China is an optimual place for Australian businesses.
The second point is to not try and do everything at once. Take your time and realize that it will be a long and arduous process to cover every aspect.
Finally, make sure your team is up to the challenge. It’s a very different ball game working in a foreign market. And while we at Consulpedia are here to give you as much help as you need, having people on your team with eperience and knowledge of the new market, as well as globalization will be imperitive.
The Next Steps
Clayton has made a great observation and analysis of the preliminary steps to bringing a small business from its local market onto a global scale. Stay tuned for more of our analyses of the Asian market and other informative pieces about how to optimize your business to take on the world!