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Managing Risk and Using Resources Wisely

July 22, 2009

With any project, your goal should be to get the job done on time and within budget. You should strive to find every opportunity to reduce your total cost when engaging China, but you should also make sure that you do so without fear of making a serious mistake.

When a company decides to engage China in order to import goods, to establish offices, or to carry out other business functions, there are often many places where things can go wrong. It takes time to learn the procedures, find the right products, establish the right relationships, etc. Inexperience can result in long delays, unacceptable product quality, government fines, wasted human resources, and frustration. Worse, you may spend far more money than you planned.

If this is your first venture into China, your company may be best served by keeping its people focused on business and hiring Terrapane to help with your engagement in China. Terrapane will work with you to help guide you down the right path to ensure success, reducing wasted time, and avoiding many of the pitfalls.

No matter whether you go at it alone or work with Terrapane, there is no question that China represents an incredible opportunity to grow your business. Just make sure you manage the risk against the reward carefully.

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