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Posts: 63

Governor

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Q: Any self-employed here?

Would you share how you made starting it then and how happy you are with it now..

9 years 34 weeks ago in  General  - Shenzhen

 
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Posts: 1838

Emperor

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Yes, I am self employed.

 

I spent a number of years teaching English whilst I studied the business culture, the do's and don'ts, the opportunities, the threats and learning the language to a standard that I do not have to rely on translators to get by. I took an unpaid internship at a similar type company to the one that I envisioned constantly picking the brains of various connections and the owner. I then took one last teaching contract on a low salary but with absolutely loads of free time. During my free periods, I set about writing a very comprehensive business plan.

 

When I was satisfied with the circumstances, I took the dive. I transferred sufficient money to pay the first 20% of the company registered capital. I agreed a time period with the government for putting up the other 80% of the capital.

 

The first year was harder than I expected but the second year brought the first major contract. I have been trading now for just shy of five years and the last couple of years have been tough. Never-the-less, I do get by and I turn a reasonable profit most of which exits the country at every available opportunity.

 

To be frank, self employment in China is very difficult and it is almost impossible to incorporate contingency in the business plan for every potential risk. The reason for that is the nature and type of risk changes frequently sometimes daily. Dealing with government bureaucracy and ever changing policies will be the eternal bugbear.

 

Yes, there are times when I dearly regret taking the plunge in China but It has made me a much stronger and more resourceful person. Recently I have considered whether now is the time to move on but my British stubbornness keeps me going.

October1st:

Thank you very much for sharing the experience. I felt the determination, steadiness and courage from you. And that are all what I needed to be prepared first...Anyway, hope you got support from all around and make you a more successful business man. Thanks again.

9 years 33 weeks ago
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A: I had a similar experience in HK. If I recall correctly, before or at
A:I had a similar experience in HK. If I recall correctly, before or at the Z visa application, I had to submit ME from the ordinary HK clinic, where I explained why I need ME and I asked them to examine only necessary things (I don't remember the cost ...), and then ... I got Z stamp and when back in China, I had to complete another RP ME, which was on the employer, i.e. included in the Contract ...We've never discussed refund of payment for HK ME with my employer. Year 2013 ...I'd say, that is a regular thingy embassies around the world require, before issuing visas for LT stay in the country. "Vladimir Vladimiro-Witch ras-Putin" (LOL@your pronunciation ..) demands the same thingy before granting LT stay in Ruski.  ... Haa, 2013 was the Snowden's year. I was in Kowloon at the time of his landing .. with all these files ... I'm-Still-in-LMAO-State ... Cost for the ME in HK was around HK$ 2000/200 EUR, and ME was kind of swift, quicker and way shorter than on the mainland ... -- icnif77