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Using and managing Chinese consultants
There's no shortage of advisors (or advice) on entering and setting up a business in China. The question is, who are the best advisors for you?
Cultural and language differences make it more difficult to find good advisors and determine if you're getting good advice for your particular situation.
A simple place to start is to use China-based advisors. China's markets and rules and regulations are changing so quickly it is virtually impossible for consultants and advisors to keep up unless they are locally based.
Forget about trying to do it yourself.
At some stage you are likely to need the advice of lawyers, accountants, interpreters and translators, business entry consultants, human resource advisors and real estate agents.
Back to topKey learnings
- Don't do anything without local Chinese advice.
- Be wary of advisors who claim they can cover all bases for you.
- Do due diligence on potential advisors.
- Be careful regarding how much control of business processes you give advisors.
- While making use of advisors, make sure you have access to other sources of information.
Where to from here?
Read about using and managing consultants.
