Saturday, 30 November 2019

Primasia: Company Budget Planning for 2020

Primasia: Company Budget Planning for 2020


Since 1987 Primasia has helped thousands of overseas and local clients set up their companies in Hong Kong and China, including entrepreneurs, consultancies, manufacturers, trading firms, start-ups and SMEs. Our experts have extensive experience in the corporate services industry and provide efficient, responsive and high-quality support to our clients. And now, as we approach the end of 2019, we suggest business owners turn their attention to planning for 2020. Planning the future is always a daunting task, but it’s perhaps particularly worrisome for 2020. The economy is booming- but, `tariffs, global recession fears, and political upheaval all remain to complicate the forecast for many companies.

No matter if you’re just hoping to hold steady or hoping for expansion in the coming year, proper budgeting can help every business accomplish their goals. So, read on for a couple of budgeting tips to keep in mind as we head into 2020:


Focus on your Emergency Fund

Every company should have an emergency fund for those unexpected costs that pop up, but it may prove even more vital to have in 2020. An emergency fund can help get your company back in action right away after a disaster- in fact an emergency fund may be critical. According to FEMA, 90% of businesses that don’t reopen within five days of a disaster will fail within a year. So, as you can see, planning for the “what if’s” may prove to be the best business decision you can make for the coming months.

Pinpoint what investments return the best ROI

ROI, or return on investment, is something you should consider at every level of your company. ROI is especially important for small businesses or those with limited funds. When every dollar counts, ROI takes on an even greater importance. For example, experimenting with marketing - like social media marketing, or influencer marketing - could make sense for your business. These types of campaigns can build your brand, and help acquire new customers. Be that as it may, there are other forms of marketing that are proven to have a better ROI- like email marketing. Surprised? Research shows that email marketing has the best ROI of any marketing tactic because it focuses on things like retaining existing customers and turning them into dependable buyers.

Take this mindset into all levels of your company. What’s going to have the better ROI this month, this quarter, this year?

As a Silver Partner of Xero, Primasia is uniquely set up to help your business transition to Xero, provide Xero training if needed, and assist with audit and tax filing as well as help you understand how your business is performing. We have over 30 years of experience of helping companies from across the globe to set up successfully in Hong Kong, China and other offshore jurisdictions. Contact us today for assistance with your cloud accounting and business needs and we’ll help you put your best foot forward for future financial success!


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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.


Tuesday, 26 November 2019

Expanding Your Company to Hong Kong, China, and/or Singapore

Expanding Your Company to Hong Kong, China, and/or Singapore


Growth is a major goal for a lot of company owners, and with the booming eCommerce industry, Asia is a good place to think about setting up shop. Primasia Corporate Services is here to help with anything and everything you need- from registration and accounting to paperwork and staffing, we’d be happy to assist you with expanding your company to Hong Kong, China and Singapore.

Why should my company expand to Hong Kong?

Hong Kong hosts one the world’s freest economies. Enjoying unrestricted flow of information, capital, talent and goods. In addition, Hong Kong has an open-door immigration policy attracting the best overseas professionals to come and work in the city.

It is because of Hong Kong’s advantages that the city has been extremely successful for many years as an international business city, such as: Common Law System, Employer-Friendly Legislation, Pro-business Governance, Simple Tax System.

Setting up a company in Hong Kong is fast, straightforward and inexpensive. In under a week, your company could be up and running with our expert assistance!

Expanding Your Company to Hong Kong, China, and/or Singapore

Setting Up business in China


China is one of the fastest growing economies in the world- I’m sure you are aware that more and more foreign companies are setting up in China, including Shanghai, Beijing and other cities. However, setting up an entity in China is much more complicated than establishing a company in Hong Kong.

In China, rules, regulations and practice are constantly changing and can also vary from city to city, province to province. Therefore, it is important to find a reliable and experienced service provider to assist in your company incorporation.

Primasia has over 20 years of experience in China in multiple industries as well as local offices in Beijing, Shanghai and Guangzhou. We are specialised in offering complete corporate solutions to multinational enterprises in China. Our Full China Corporate Services is sure to help you succeed!

We also offer professional services in Singapore, as well as offshore jurisdictions such as Seychelles, Samoa, Cayman Islands, and the British Virgin Islands. Simply contact us for further details and assistance.

Get ready to expand your business successfully, with Primasia Corporate Services.  Email us at info@primasia.hk or call 2882 2088 today!

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.


Wednesday, 23 October 2019

The Benefits of Xero for Your Business



The Benefits of Xero for Your Business

Traditional accounting is limiting, especially in the modern digital world we live in. This is why Primasia Corporate Services Limited has partnered with Xero, an easy to use and powerful online accounting system, as a certified business adviser. It’s time to embrace the future and transition from traditional accounting software and connect and collaborate online with cloud accounting. Being a great tool with multiple features, Xero can help you better organised your business and keep your accounting well-maintained.

Read on to learn just a few of the many benefits



The Benefits of Xero for Your Business

How can Xero Help your Business?

One of the major advantages Xero has is that you can run your business from anywhere you have an internet connection. Access your business finances anytime, from any internet-connected device – phone, tablet, or computer. There is a Xero app that works on all mobile devices, phones, and tablets. Upon download, you gain instant access to cloud accounting-- where you can manage your accounting remotely. For example, you’ll have the ability to create invoices and send them over to your clients, keeping everything neatly organized.

Reporting is crucial for all businesses. With Xero you can receive daily updates from your bank accounts and credit cards, keeping you on top of how you’re doing financially. Xero also offers over 40 interactive reports and budgets that are available in real time- so you can view and share them with your advisor or business partner on demand. No waiting for month end to see how your business is performing.


The Benefits of Xero for Your Business

Xero also protects your data with multiple layers of security. Your business information is encrypted and under your control. No one has access to your organization’s data unless you invite them into your account. You control what users can see and do in Xero.


With 30 years experience in establishing businesses in Hong Kong, China, and other offshore jurisdictions, Primasia offers integrated solutions for every business. As a Bronze Partner of Xero, Primasia is uniquely set up to help your business transition to Xero, provide Xero training, assist with audit and tax filing and help you understand how your business is performing. Contact Primasia Corporate Services Limited today for assistance with your cloud accounting and business needs.

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Tuesday, 8 October 2019

Small Business Guide to Inventory Accounting

Small Business Guide to Inventory Accounting

Ready to expand your business into Asia? With over 30 years’ experience, Primasia provides company registration and a wide range of corporate services in Hong Kong, China, and Singapore. We are also your partner in Cloud Accounting, as Xero certified business advisors. Our specialists come to you to assist your company in getting up and running on the future of accounting-- the cloud. Xero provides a deeper look at your business and can help you understand how successful your business is at a glance.  We provide the training your business needs to utilize this amazing software.

For example, keeping track of your inventory with Xero can tell you about sales cycles and optimal stock quantities. But why is it important to account for inventory? Inventory accounting can help your business both save money AND increase profits. Below we’ll cover what inventory is, what it isn’t, and several of the benefits of accounting for your inventory properly.



What is Inventory?

Inventory comes in many shapes and sizes depending on the type of company you have, there are three main types of inventory: Merchandise you sell, Products your business installs, and Goods you create or manufacture.

What is NOT inventory?

Equipment and supplies needed to run your company are NOT inventory, instead these are usually counted as Assets or Expenses.

Why is it important to account for inventory property?

First and foremost, when you understand how much inventory you have, how much it cost you, how much you’re selling it for, and when it’s selling- you can gain insights to help you make smarter business decisions. Working out your profit margins will help you figure out which products are earning you the most money and which products just aren’t worth the hassle. Keeping track of your inventory can help you decide which products to focus on, which enables you to grow your business.
Inventory Accounting can also help you understand seasonal sales cycles- what sells better in summer versus winter. You want to have enough stock to meet the needs of your customer bases, especially on your most popular items but not so much that your cash flow is tied up in items that your customers won’t want more of for several months.


Xero is beautiful accounting software for small businesses, allowing you to see your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. As official Xero-certified business advisers, Primasia professionals can come to you to set up cloud accounting. Contact us today to learn more!

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Monday, 23 September 2019

Unleash Your Entrepreneurial Creativity

Unleash Your Entrepreneurial Creativity

While there is no instant solution to unlock instant business success, there is the voice of experience. Primasia Corporate Services is the leading professional provider of corporate services and has been for over 30 years. We have vast experience in assisting companies from around the world in expanding their business into Asia, particularly in Hong Kong, China, and other offshore jurisdictions. During our years in business we’ve met with and assisted many young entrepreneurs and seen some of the key traits that can both make, and break, a new start-up company. Today we will talk about creativity, which may be the most important attribute for successful entrepreneurs to cultivate.

Creativity is the key to being able to adapt to and solve potential and unforeseeable problems that could arise. This is normal with all new business ventures. Creativity is behind the ability to innovate and see new perspectives ultimately empowering business leaders to pursue their vision for their company. All businesses start with an idea. Where would you be without one in the first place?


So how can you unlock your entrepreneurial creativity? We have a few suggestions for you below:

Unleash Your Entrepreneurial Creativity

Unplug.

It’s a good idea to unplug from today’s modern devices for a time and engage in some routine tasks that can let your mind wander a bit. Think things with repetitive motions, this can be washing dishes by hand, sweeping, or even walking on a treadmill. By letting your mind wander while doing these rote movements you free your mind to take those flights of fancy-- and end up increasing your creative thought processes.

Get Hands On

Start using your hands for things other than your keyboard. Creative thinking has been linked to the neurological network in your brain, and when you practice a skill that requires intense hand-eye coordination it helps stimulate that section of your brain. Hobbies that require you to use your hands, like painting, sketching, knitting, etc, will help you create new neural connections and trigger your innovative skills.

Seek Out New Experiences

Do you have a daily routine you rarely deviate from? This could be clogging your creative flow. When you’re “stuck” in the same routine, doing the same things over and over again, it leaving little room for thinking out of the box. So, go take that vacation you’ve been thinking about, read a new book, strike up a convo with a stranger, try learning a new language (or hobby). Inspiration can come from strange places sometimes, you never know where the idea that leads you to solving an issue with your company, or powers your way to success, will come from!

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Sunday, 8 September 2019

Transitioning to Cloud Accounting with Primasia


Transitioning to Cloud Accounting with Primasia

Are you ready to embrace the future of accounting? Primasia’s certified Xero business advisors can help you quickly and easily transition from traditional accounting to cloud accounting. Xero is a powerful and easy to use online accounting system that can help your business streamline invoicing, including processing the same invoice for multiple customers, take a photo of a receipt and submit it instantly as a business expense, giving you mobile access and real-time updates, and much more. Being a great tool with multiple features, Xero will help you better organised your business and keep your accounting well-maintained  so you can meet tax deadlines and manage payroll quickly and efficiently. 


One of the biggest advantages Xero can provide you and your business with is the flexibility to run your business from anywhere you have internet access. You’ll be able to access your business finances anytime, using the Xero app that works on all mobile devices, phones, and tablets. Upon download, you will have instant access to your cloud accounting software and the ability to manage your account remotely. For example, you’ll have the ability to create invoices instantly when needed and send them over to your clients, keeping everything neatly organized. Xero offers over 40 interactive reports and budgets that are available in real time- so you can view and share them with your adviser or business partner on demand. No more waiting for month end to see how your business is performing. 

Transitioning to Cloud Accounting with Primasia

Security is key when is comes to financials, and Xero protects your data with multiple layers of encryption.  No one can access your organization’s data except you, unless you invite them into your account. You can control what users can see and do in Xero.

As a Silver Partner of Xero, Primasia is uniquely set up to help your business transition to Xero, provide Xero training to your employees, assist with audit and tax filing and help you understand how your business is performing. Contact Primasia today for assistance with your cloud accounting and business needs-- our experts will have you up and running fast!

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong





Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Friday, 23 August 2019

Primasia: Helping Companies and Startups Spread Their Wings in Hong Kong and China since 1987

Helping Companies and Start-ups Spread Their Wings in Hong Kong and China since 1987

Whether you are an upcoming entrepreneur or a big business trying to make it big by expanding past your borders, then look no further than Primasia for help. For businesses already in or looking to get into the Hong Kong and China market, it would be a huge advantage to get in touch as we are Asia’s top corporate services specialists as well as a Xero cloud accounting partner.

Services Offered by Primasia




Some of the services that we offer include Bank Account Opening, Xero Cloud Accounting, On Going Company Maintenance, Preparing Packing Lists, Reviewing Trade Documents, Source of Potential Business Partners, Payroll Management, Visa Application, Employment Compliance, MPF Registration, Audit Coordination, Tax Compliance, And Company Incorporation among many others.




Once the client company has successfully entered China, they will be given the opportunity to obtain our “full China services” option, which can include Work Visa Applications, Accounting, and Tax Compliance as well as WFOE, RO, And JV Set-Up among others.



Primasia has been in business for almost three decades and is still going strong! The reason? Strong ties to our clients, even with thousands of clients all over the world, we still manage to offer personalized attention to each and every client, giving them unique solutions based on their structure, company requirements, and type of business.




Our clients can attest to Primasia’s top notch customer service - each and every client email is answered within 24 hours, which is impressive especially when putting the size of their catalogue into consideration. So, if your business or startup is thinking about expanding into China or Hong Kong, let our financial experts provide you with the Payroll and Corporate Services that will help your company thrive.


Get back to business, with Primasia Corporate Services. Ready to get started? Email us at info@primasia.hk or Call 2882 2088 today!

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Saturday, 3 August 2019

Business during the Chinese Mid-Autumn Festival

Business During the Chinese Mid-Autumn Festival

All of us at Primasia would like to remind our international business partners that a major Chinese Holiday is coming, the Mid-Autumn Festival, also known as the Moon Festival. Mid-Autumn Festival falls on the 15th day of the eighth lunar month, which means for Western Calendars that the 2019 Mid-Autumn Festival will be held on Friday, 13 September, when the moon will be at its prime, shining brightest and at its fullest form. The festival was originally meant to honour your ancestors and deities; however, it’s also the perfect time for networking events which lead to magnificent business opportunities and relationships.

During the Mid-Autumn Festival families and communities traditionally gather together to celebrate the bountiful harvesting season-- somewhat like the American Thanksgiving Day. Families and friends take part in the many Lantern Carnivals and other events around the city. The Lantern Carnivals has an incredible variety of colourful, bright shiny lanterns, and also feature also many cultural events and performances including Tai Hang Fire Dragon Dance celebrations, song and dances, Kung Fu, acrobatics, craft demonstrations and the like. If you are in town during this holiday, be sure to check them out!




Business During the Chinese Mid-Autumn Festival
Of course, you must remember that this is an official holiday period, and all governmental sectors are closed as well as most privately owned businesses. This can create loads of opportunities to participate in networking events; eating mooncakes and drinking fizzy cocktails, while discussing the next business niche. Take a moment to buy a colleague a cup of coffee or tea and wish them a happy festival. (Mooncakes taste amazing with a cup of tea!)


Our corporate service professionals can provide market-entry solutions to maximize your start-up time, reduce your time, costs and improve compliance. Contact Primasia Corporate Services today and let us guide you on running a business in Hong Kong and China.

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.


Tuesday, 23 July 2019

Solve Late Payments with Primasia and Xero

Late Payments with Primasia and Xero

Are late payments hurting your business? As Xero certified business advisors, Primasia is your partner in Cloud Accounting and able to assist you in clearing all those late payments quickly!  Our specialists assist you and get your company up and running on the future of accounting-- Xero. We will provide the training you need to utilize this amazing software and get to the bottom of your invoice pile. Xero provides a deeper understanding of your business and will help you understand how successful your business is at a glance. Primasia and Xero can also help you get through tax season with minimal stress, leaving you feeling confident and successful.


Think late invoices are no big deal? Think again! Late invoices can have a huge impact, and devastating effect, on a company’s cash flow-- especially small businesses. In today’s world it has almost become the norm to pay bills late, and this has a direct impact on your bottom line. Here are the facts from PayPal and Xero’s research:

  • In an average month, almost half (48%) of invoices are paid late. They are also paid 14 days late on average.
  • The situation only gets worse over time: on an average day in February 2019, businesses were owed £23,360. Compared with February 2018, when businesses were owed £20,004 in late payments – that’s a 17% increase in twelve months. Shocking.
  • 37% of entrepreneurs have considered giving up their business entirely due to cash flow issues. If even a fraction of them actually did give up, this would cause economic instability.
  • Three-quarters of entrepreneurs say that running a business would feel more ‘worth it’ if late payments weren’t a thing. And 26% say they’d enjoy better physical health!
Invoice
Xero
Late Payments 
Primasia Corporate Service


In essence, this means that business owners are experiencing poor cash flow, which leads to rising debt and feeling of failure. This creates a vicious cycle, after all it’s hard to lead a company when you’re feeling like a failure!


Taking initiative to solve the late payment problem can be the difference between your company thriving, or failing. By investing and using modern technology such as Xero, businesses can eliminate their late payments and ensure they get paid in good time in the future.


While you focus on the important stuff, let our financial experts provide you with the Payroll and Corporate Services that will help your company thrive. Get back to business, with Primasia Corporate Services. Ready to get started? Email us at info@primasia.hk or Call 2882 2088 today!

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Primasia Corporate Services LimitedCompany IncorporationHR & PayrollAccounting & TaxFull China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.


Wednesday, 3 July 2019

Three Strategies for Entrepreneurs Stay True to Your Vision.

Three Strategies for Entrepreneurs Stay True to Your Vision.

Are you an entrepreneur or small business owner? Since 1987, Primasia Corporate Services has worked with thousands of overseas and local clients, including entrepreneurs, consultancies, manufacturers, trading firms, and start-ups, helping them to set up successfully in Hong Kong, China, and offshore jurisdictions. That means that for over 30 years we’ve seen what works successfully in the business world… and what doesn’t work.

As a entrepreneur, you are sometimes referred to as “dreamers”. And for good reason-- after all it takes a lot of creativity to come up with new ideas, concepts or new methods of achieving the tried and true. It’s essential to take the time to set up a clear business plan of action, conduct market research, gather strategic resources, and finally launch your dream into action. But in today’s saturated business ecosystem you will find fierce competition-- and sometimes this will cause entrepreneurs to lose their vision as they grasp at any straw in order to succeed. Clarity is gone.

Its your dream, your vision, that sets you apart from your competition. however, and thus you need to be prepared to keep your clarity AND be flexible enough to change when needed. Tall order don’t you agree? Here are three strategies to help you stay true to your vision, even when during setting up your start-up-- and the whirlwind that goes with it:

Three Strategies for Entrepreneurs Stay True to Your Vision.


  1. Hire Energetic People. You will need an endless amount of energy to be a successful entrepreneur, by hiring team members with the same energy and enthusiasm you can draw from one another to reach your shared goals-- a successful company!
  2. Complete Clarity. Ensure that every team member knows your vision, has a complete understanding of your company and goals, and knows exactly what they were hired on to accomplish. Every member of your team should know how their specific tasks help make your vision a reality.
  3. Flexibility. Yes, it’s important to stick to your vision, your core values and mission, but allow room for change. Hopefully you did your research, but even still costs, products, and even your understanding of your target market could need to be adjusted. Adapting to change is essential to company success.

Primasia Corporate Services is here to help you with many of the finer details of running your business, including China e-commerce solutions. Contact us today to learn more!

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong






Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.



Sunday, 23 June 2019

Creating a Customer-Centric Business Venture

Creating a Customer-Centric Business Venture

From registration and partnerships to paperwork and online solutions, Primasia Corporate Services can assist you with setting up business in Hong Kong and China. Contact us today for details!


In today’s market, entrepreneurs attempt to to create customer-friendly start-ups without actually meeting their customers . Instead they are on quantitative data, analyzing their competitors, tinkering with spreadsheets, and use number-based thinking before and during their new venture. There are many roads entrepreneurs can take to start a new business. To many, the ‘lean startup approach’ is appealing for its cost-effective methods. In comparison “design thinking” is where the entrepreneur(s) go out and talk to their potential customers in order to conceive and create a successful product in a user-centered way. This frequently does take extra time and increases start-up costs.


However, it is the third option combining the two methods that is recommended. Together, you will be able to effectively serve your customers’ needs by creating a systematic, low-risk plan to introduce your company (and product) in the face of uncertain success.




All startups begin with a series of questions, it's up to you to find the answer for them. Who’s your target customer? What makes your product or service attractive to these customers? Where does your customer live and/or work? Who are your competitors? etc..The Lean Startup Method can help you identify the answers to these questions. Meanwhile, Design Thinking gives you the methodology to “prove” the answers you have are indeed correct, as well as obtaining core insights that you may not have even thought of!


In summary, research is still king-- you need to research your market and your business as well as understand your competitors. But before you start setting up your product/service, you still need to reach out to your potential customer to verify that your research is correct. Simple; makes sense right? Yet many new entrepreneurs are skipping this step, so sure that their research is correct and/or not wanting to invest the extra time/money to be sure-- although in the long run it is well worth the extra step. Feedback from your intended target demographic is vital to business success!


Primasia Corporate Services is a leading professional provider of corporate services, with over 30 years of experience assisting companies in expanding their business to Asia, particularly in Hong Kong, China, and other offshore jurisdictions. When you are ready to set up your E-commerce business in Hong Kong and/or China, contact Primasia to get started. Whatever your requirements, we can help you succeed!


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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services

Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Monday, 3 June 2019

Motivating Your Team Decrease your Turnover

Motivation Turnover

Business in Hong Kong and China is much easier when you work with the right partner. Contact Primasia Corporate Services to get started!


Imagine this, you’ve started your business and with all the effort you invested, it is now thriving! You are starting to grow and hire more and more employees… and learning what a challenge it is to not only hire the *right* people, but also to *keep* the right people on your team. Motivating your team consistently can be one of the most exhausting parts of being a leader, sometimes seemingly impossible. But it is possible and all you have to do is say two words: Thank you. Workers frequently feel overlooked and unappreciated, which leads to unhappy employees and increased turnover. By recognizing and thanking them for their efforts they’ll Whereas just recognizing and thanking them for all they do they will become happy employees who will be motivated to succeed,  leading to better work output and productivity.


You don't need to spend a lot of money or time to see a big impact. There are a few very simple ways to show your appreciation. Keep reading:

Motivating Your Team decrease turnover

Reward with a personalized gift

First things first, talk to your employees, listen to their interests-- not only will this win you motivational brownie points but it will give you some inspiration to reward them with something they’ll REALLY appreciate. For example if your team member is really into fitness then a gift card or fitness item like a yoga mat might be very much appreciated. Finding the right reward for the right person goes a long way toward building rapport, which will motivate them to keep producing their best work.

Leave random handwritten notes recognizing their hard work

Email, Whatsapp, and text messages are all well and good, but a handwritten note always feels more personal. Do you remember the last time you were left a handwritten note? Were you pleasantly surprised? Handwritten anything is becoming a thing of the past, and even if it's just a simple sticky note, your team will notice you took time out of your day to say “I see your hard work, thank you”.  This is really simple tip, but it's also very effective.

Recognize Hard Working Individuals

Even the most bashful employees want to be recognized for their hard work. If they are truly shy, you might want to skip publicly forcing them into the spotlight, but name-dropping them and their accomplishments at conferences, meetings and networking events, or on your company’s social media accounts, may be one way of acknowledging them publicly, but still modestly. 

There are many, many more ways to thank your team and colleagues-- but in the end it boils down to spending a little time with them to understand what makes them tick and what they find meaningful. This may take a little effort, but just think how much more effort you would expend trying to replace them if they became unhappy and left. The time and effort to build up your team offers a big payout-- less turnover, happier people, and a strong bond between you and your team.

Primasia Corporate Services is a leading professional provider of corporate services, with over 30 years of experience assisting companies in expanding their business to Asia, particularly in Hong Kong, China, and other offshore jurisdictions. When you are ready to set up your E commerce business in Hong Kong and/or China, contact Primasia to get started. Whatever your requirements, we can help you succeed.

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Primasia Corporate Services Limited
Company Incorporation
HR & Payroll
Accounting & Tax
Full China Services
Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong


Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK


Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.