Michael Michelini is a reformed Wall St banker, who moved to China eight years ago and has never looked back.
Today, Mike is a very busy man. In addition to his two business podcasts, his column on Forbes Asia and his regular TV appearances, Mike runs a collection of China-based businesses.
On the side, he helps foreigners navigate a very complex China and Hong Kong regulatory business environment and set up more transparent, mutually beneficial, relationships with their factories.
IN THIS EPISODE, YOU’LL LEARN:
– How his one month business trip has turned into eight years so far.
– How he has progressed from using MySpace to source his customers.
– What are the biggest mistakes people make when doing business in China?
– How to build relationships and trust with Chinese partners.
– The differences in corporate culture between China and the West.
– How he employs staff in China.
– Why it’s important to talk to the owner of your factory.
– How cheap it is do get your factory inspected by a third party company – without you needing to go there.
– How to know the factory you’re dealing with is actually the one making your products.
– The importance of ‘face’ in China.
– How Chinese factories respond to ‘ethical’ initiatives.
– The value of an abundance mentality.
– The impact of the Chinese government’s crackdown on corruption.
– What entrepreneurs can do to help the employees of their Chinese factories.
– Why it’s important to know your product inside out.
LINKS AND RESOURCES MENTIONED IN THIS EPISODE:
Thanks for Listening!