From registration and partnerships to paperwork and online solutions, Primasia Corporate Services can assist you with setting up business in Hong Kong and China. Contact us today for details!
In
today’s market, entrepreneurs attempt to to create customer-friendly
start-ups without actually meeting their customers . Instead they are on
quantitative data, analyzing their competitors, tinkering with
spreadsheets, and use number-based thinking before and during their new
venture. There are many roads entrepreneurs can take to start a new
business. To many, the ‘lean startup approach’ is appealing for its
cost-effective methods. In comparison “design thinking” is where the
entrepreneur(s) go out and talk to their potential customers in order to
conceive and create a successful product in a user-centred way. This
frequently does take extra time and increases start-up costs.
However,
it is the third option combining the two methods that is recommended.
Together, you will be able to effectively serve your customers’ needs by
creating a systematic, low-risk plan to introduce your company (and
product) in the face of uncertain success.
All
startups begin with a series of questions, it's up to you to find the
answer for them. Who’s your target customer? What makes your product or
service attractive to these customers? Where does your customer live
and/or work? Who are your competitors? etc..The Lean Startup Method can
help you identify the answers to these questions. Meanwhile, Design
Thinking gives you the methodology to “prove” the answers you have are
indeed correct, as well as obtaining core insights that you may not have
even thought of!
In
summary, research is still king-- you need to research your market and
your business as well as understand your competitors. But before you
start setting up your product/service, you still need to reach out to
your potential customer to verify that your research is correct. Simple;
makes sense right? Yet many new entrepreneurs are skipping this step,
so sure that their research is correct and/or not wanting to invest the
extra time/money to be sure-- although in the long run it is well worth
the extra step. Feedback from your intended target demographic is vital
to business success!
Primasia Corporate Services is
a leading professional provider of corporate services, with over 30
years of experience assisting companies in expanding their business to
Asia, particularly in Hong Kong, China, and other offshore
jurisdictions. When you are ready to set up your Ecommerce business in
Hong Kong and/or China, contact Primasia to get started. Whatever your requirements, we can help you succeed!
Connect with Primasia Corporate Services Limited
Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
Website: https://www.primasia.hk/
Twitter: https://twitter.com/PrimasiaHK
Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.
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