Those who dream of building a startup usually head towards Silicon Valley. After all, it’s where most of the gigantic technology companies are based. You should start thinking way outside the box. Jump on a plane to China and build your business there instead.
I know it sounds crazy when you think about it, but it’s actually a great idea once you’ve explored the benefits. Heading to China could change your life forever. Let’s discuss a few reasons why it’s worth considering at the very least.
1. Chinese Workers Are Extremely Skilled
When it comes to math and science China has some of the smartest students in the entire world. It means there will be a massive talent pool of workers to choose from. You won’t even have any trouble finding them.
Recruitment in China is simple when you let specialist companies find employees for you. Tell them exactly what you’re looking for and they’ll come back with a list of candidates you should interview.
2. You’ll Be Close to All the Factories
Do you plan on starting a large physical product business? If so, China is the number one place on the planet you want to be. You can visit your factories on a regular basis because they’re so close.
You won’t have to rely on speaking to people over the phone non-stop. The Chinese love conducting their business affairs in person. You’ll be able to build up fantastic relationships, which should help you negotiate much lower prices.
3. Silicon Valley Is Far Too Expensive
There is a reason why tech founders live in a studio apartment with roommates when they move to Silicon Valley. It’s a very expensive place to live, even if you’re making six-figures per year.
The biggest cities in China won’t be too cheap, but you’ll still be able to afford a higher quality of life. If your base of operations is near the factories outside big cities you’ll save a small fortune.
4. Businesses Are Embracing Technology
Building a software company that targets Americans is pretty tough. There is so much competition these days and you are late to the party. It’s slightly easier in China because they’re only starting to embrace technology.
On top of that, it’s a country filled with billions of people. Imagine how much of the pie you’d need to become hugely successful. If you want to go down this route it does help to learn the language fluently.
5. It’s Possible to Steal Great Ideas
Everyone knows Uber was a huge failure in China, but it’s not because locals hated the idea. Uber was essentially destroyed by the Chinese competition and they couldn’t do anything to turn things around.
It makes you wonder what other great ideas you can steal from successful western companies. You won’t even have to come up with your own gems. Find a gap in the market and try to fill it before someone else snaps it up.
6. You Will Think Like a Westerner
American and Chinese citizens come from completely different cultures. When you build a startup you’ll have local co-founders or employees who will automatically see things from a Chinese perspective.
You’ll be able to see things from a western perspective. Is one any better than the other? A deep understanding of the local culture is important, but when combined with your western ideas you’ll have lots to offer.
Don’t Sit Around Waiting Any Longer
If you’re ready for the adventure of a lifetime you should pack your bags and go now. There will be a lot more westerners in China within a few years. You won’t have nearly as much competition at the moment.