Is recruiting in Asia different to recruiting in Australia? Stacey chats to Rachael Mah of AusAsia Training Institute about why having a business partner “on the ground” is vital for success in Asia and on how you can manage risk in Asia and the cultural differences.
International Finance Week in Hong Kong saw around 40 delegates from Australia attend the Asian Financial Forum (AFF), the Asian Private Equity Forum and the Family Office Solutions Showcase.
The official delegation, let by Stacey Martin, Expat Advisors Community and AustCham Hong Kong member, was delighted to lead the official mission on behalf of Hong Kong Trade and Development Council (HKTDC) the organisers of the conference which attracted 3,000 delegates from around the world.
Building relationships is critical for doing business. Not just locally, but especially when taking your product or service overseas. There’s a lot of information around about HOW to do business, particularly with a country like China, but WHO can you reach out to for internationalising your business?
For many, finding the right connections is not easy. Especially for smaller businesses, who may not have the strength of big brand to open doors. Many SMEs don’t have high level business connections, and are unsure how to access government support.
If you are looking to take your business international, it’s just like setting up locally, but there are so many more factors to consider. Many of these, particularly for Asia, you may not even be aware of. This is why it is important to work with those who have relevant expertise, or have trodden the path before.
Where do you Start?
New Zealand, like Australia, has grown their population through skills migration with the objective of adding to economic prosperity. Many countries also seek out investment migrants for much needed capital, particularly were relatively low populations don’t have sufficient resources to meet infrastructure needs.