Additional articles from Trusted Source™ SourceJuice
- Share Your Expertise: David Anderson on the China Granite Industry
- Show Me The Money! Searching for Investment For Your Import Venture? Part 1 of 2
- The Holy Grail of Risk Taking Entrepreneurs: Brits Get Rich in China Part 2 of 3
- Share Your Expertise: Cameron Adair on Purchase Order Financing
- Sourcing from China Over the Internet, Part 1 of 2
The Holy Grail of Risk Taking Entrepreneurs: Brits Get Rich in China Part 3 of 3

As we conclude our series with this 3rd installation, for those new to the risk taking posts please see part one of the "Brits Get Rich in China" documentary series to get some background on the players and their individual goals and challenges and then go to part two since each of these videos are a must see. Sit back and relax as we get into the final episodes of this fascinating documentary with some dynamic risk takers.
Fascinating food, to say the least, is the menu item of the day for Vance and he is not going to have any of it. As we walk with Peter and his new business partner Sessel and then get into the back seat of their car, we are told of the potential for millions in profits that Peter's product could reap in China.
However, we are also posed with the reality that is China today in terms of Intellectual Property protection and ownership as the commentator so quickly identifies the potential for Peter's new partner to copy Peter's product and take the profits himself. Many of you could probably relate to the commentator asking Peter questions about "did you check him out" and of Peter's answers when so much is at risk.
Working late with Tony as we learn another lesson of doing business - that of focus. That is what Tony does and relentless he must be to get his business up and running. As he interviews potential employees, you may understand the magnitude of his challenges and opportunities in finding the right people to help him build his business.
Back to Vance and his "Olympic Inspection Committee" bus - make sure to listen to why he takes the risk to "counterfeit" his authority. It is fascinating to say the least.
Back to Vance and the village he literally employs. He made it safe with his "Olympic Inspection Committee" bus. When you talk about going to the "source", Vance and his village represents the essence.
Jump into the car with Tony and off we are to his new shining factory with a welcome like no other! Can you say "WOW" and we can tell you something from our experiences in China that stuff gets done - period. Not to go into the much publicized issues of quality or with ingredients as in the Heparin Scandal, we can tell you that if the Chinese are focused on something they want, it will get done and almost nothing will stop it. It is this determination and resulting execution which has made the "Made in China" a mighty force in the realms of business all over the world.
Sitting in the KTV Club with Peter's business partner, Sessel, we watch how business unfolds and many find this far different than Western countries, but is it really? Sessel gets down to business with a very connected business man and secures a commitment over drinks and entertainment China style. Change the language and this may be the same in South Korea to Japan if not in the clubs of Vegas or the private rooms in Europe. Business gets done and another day passes.
Now with Vance we realize yet again that business just gets done as his factory close to the borders of North Korea is humming along and bringing in the money. One important citing not to miss here is Vance's new showroom. Vance, and many others, realize that China is just not the source but also the destination for his business and he realizes that Chinese consumers have both the money and interest to buy buy buy!
Getting paid - that is the question as the commentator so rightly notes and for the now optimistic Peter, that will be his next challenge and opportunity. Finally, as we walk in the streets of New York with Tony and then get a $3 million dollar order in a party where even the attendees are fascinated by China, we get to ponder the series once again and find that in these three men that risk taking is what they did and what they continue to do.
As we wrap up this series, let's not forget these are real men with real lives. Many have made fortunes in China and many more have lost everything. Search on stories all over the internet and/or published books on China and you will find this to be true. The opportunities are everywhere and they are nowhere, but for those who are willing and those that have a taste for adventure, China just may be the right place to pursue your "Holy Grail".
Don't forget to share your stories and may fortune find you!
2008-03-25
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post by The 4 Types of Factories in China :
SourceJuice
2008-03-31 14:45:58
[...] 5 posts by The SourceJuice TeamThe Holy Grail of Risk Taking Entrepreneurs:
Brits Get Rich in China Part 3 of 3 - March 25th, 2008The Holy Grail of Risk Taking Entrepreneurs: Brits Get Rich in
China Part 2 of 3 [...]