Incubating Early Stage Founders to Growth

As one of the largest emerging economies in the world, China is undoubtedly a vibrant market to enter. With its open to international trade, China’s economy has experienced rapid transformation from being dependent almost exclusively on primary sectors to becoming a leader in technological development. Despite negative effects on the businesses following the pandemic, China’s economy has recovered fasted than any other major country and has kept on track to become the largest economy by 2030. Its fruitful environment is prime for international investments, here are six reasons to start your business in China. 1: Access to a large and growing market China’s economic growth has been a source of inspiration across the world. Its large consumer market of more than 1.4 billion inhabitants allows for rapid expansion of business that were previously inaccessible. By starting a business in China, your firm will be able to service a large consumer…

One of the most challenging facts that you’ll have to come to terms with is that no matter how innovative your product is, you won’t have any customers if they aren’t aware of your startup. Even more challenging is figuring out how to attract your first customers when you have a limited budget and resources. While you definitely won’t experience overnight success, the good news is that most startups have been in the same place that you’ve been. And, they were able to turn out just fine by using the following techniques to gain that initial traction. 1. Start With An Awesome Product Incredibly obvious but the best way to start gaining traction is by offering an amazing product. Sure, other elements like packaging and customer service will help determine the success or failure of your startup. But, you’re halfway there if you have something so incredible that it practically sells itself. Take Elon Musk’s Tesla. The…

If you’re going to learn some hard lessons, you may as well do it in the comfort of the womb. For a growing number of entrepreneurs, that womb is a business incubator. These startup breeding grounds provide a host of services, including relatively inexpensive office space, equipment, administrative assistance, management advice, and training. Most get their funding from the government, universities, or nonprofit organizations. The premise: Supporting small businesses might create local jobs. There are now 4,000 incubators worldwide, according to the National Business Incubator Association (NBIA). In the U.S., incubators have proliferated at a 16% clip, to 1,100, since 1984. The NBIA contends that entrepreneurs who get their start at an incubator have a higher success rate, on average than their brethren who go it alone. Some oft-quoted statistics: Incubated businesses have an 87% survival rate, and 84% go on to do business in their local regions. The NBIA…