Primasia Corporate Services Limited: June 2019

Sunday, 23 June 2019

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

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:

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