Kareleo Business Centre

Posts Tagged ‘Asia’

The Bank of Korea may need to slow the pace of interest-rate increases after its fifth move since July 2010 last week because of rising risks to the global economic outlook, a board member said.

“The external conditions are much more uncertain — if the uncertainty deepens, we may have to slow down our pace,” Kang Myung Hun, one of six policy makers who votes on rates, said in an interview at his office in Seoul yesterday. Kang also cited the danger of boosting rates so quickly that the bank detonates a household-debt “bomb” that causes a property-market crash.

Kang’s view reflects concern across Asia that the world economic outlook is deteriorating, with the Reserve Bank of India yesterday citing increased unease over the European debt situation. China and the Philippines have opted for raising bank-reserve ratios in the past week rather than benchmark lending rates.

Inflation pressures have prompted Asian central banks to be among the quickest to withdraw monetary stimulus as growth accelerated following the 2008 world recession, and Kang yesterday indicated the BOK will have more work to do.

“I don’t think we can tackle mounting inflation expectations with this one hike,” said Kang, 57, referring to the BOK’s rate increase on June 10. “Although I voted for an increase this time, this does not mean that I’m more optimistic about the economic outlook,” he also said.

9. Give your customer what they need, but not understand.

Something that distinguishes the Chinese entrepreneur, is that with a single client who asks for a product they do not, a few hours and are looking for the supplier to serve this product. Customer always listen and try to supply you all kinds of products, some more defendants and others less, but if there is anything that can be sold and a single buyer, why lose a sale?.

10. Saving work and live in poor conditions even for a few years.

Why do they get saved and we see a major problem for it? The answer is simple, and they are willing to accept sacrifices for us we would not ever. They live in houses of 70 square meters to 20 people, so they rent out very cheaply. They have no bank debt, which are our worst enemy.

Therefore, as it is said in the documentary, if a Chinese cobra 600 euros, quietly can save 550 €. No go, they do not luxuries, and still have money, do not live like the rich . Once they reach the goal, and allowed all the luxuries for that one day they fought.

They are an enviable community and we would have much to learn, because it is more than obvious that their system works.

Already published in a previous article, the full documentary ” The Secret of the newly rich Chinese , courtesy of Antena3 Research Team. You can see the documentary by clicking here . We focus on the 10 commandments Chinese entrepreneur and explain each point to, that in this way, we do not think that the way to succeed in business is due to luck, exploitation or simply by chance.

See that their culture is based on honor, hard work and defining a target in the medium to long term. Any Chinese entrepreneur or not, as a “shame” a lifetime working for someone else, and that is why we take the venture in the blood. With this attitude and with some initial sacrifice, they make a difference and make it possible for his country is ready, if you have not already achieved, to become the first world economic power, while in most countries, we prefer give us some luxuries in the future causes us to live near the poverty line. Here are the 10 commandments Chinese.

1. Choose a good location, in a good place, but cheap.

Part of the success of the Chinese position is in the business. Do not bother to make a strategic plan, but use common sense to know whether the local will be successful as people pass through the area there.

Negotiators are born, so probably looking for a local rate where the landlord has managed to capitalize, missing the type of business you mounted. Negotiate the price with no mercy. they know what they are willing to pay, and will not pay one euro more than they had thought. The advantage to the tenant is that the community knows that China has until now a 0% default. Not known at present neither a Chinese entrepreneur who has failed in the rent.

2. Begin to undertake as soon as possible.

The average age of Chinese entrepreneur is in the 23 years, although some do in 18. They are not afraid and know that the worst that can happen is that the business fails, which will give them experience for next business.

The Spaniard does not take in most cases because of this fear, and they believe that fear is an obstacle unnecessary.

3. Not being attached to the business. If not, change.

They do not like fighting against the current. If a business is wrong, do not expect to accumulate debts. A Chinese want your business will begin turning a profit during the first two months, and the business should grow at least 20% over the next 6 months. Otherwise, do not hesitate to take the blinds and change the type of business.

The Spaniard often make the mistake of wanting to raise the business “for noses” and when you agree, closing ends with a staggering debt accumulation. As I said Donald Trump , business is business, not a child.