Some sharing.

My hub was out the whole day on Sunday, after we got back from Genting and the movie 2012 the day before. He was invited by his school friend to attend a preview seminar. The speaker conversed in Mandarin and focused on Chinese business entrepreneurs with numerous case studies.

He came home pretty late, as he had to travel to Putrajaya as well to handle some work matters. When he came home, the children were asleep and we chatted on how the seminar had been.

Some stories he shared with me from the seminar:

1. Chinese are so competitive that in a talent search program whereby the organisers invited people to send in their business proposals, it came in as thick as 3-4 inches each and the number of proposals received was a whopping 250,000!! The judges had no choice but to randomly choose 3000 out and the participants were given 3 mins to present their proposal in person.

100 came out as winners, the first one were given a big lump sum of money to realize their business, with the rest being given significantly reduced but still considered big sum of money for them to kick start their business.

And to think what kind of lapsup talents' shows we have...

2. A smart person, also a Chinese, in a city unknown, bought a big piece of land, like the size of Brickfields probably, built 30 buildings and an exhibition center right smack in the middle and invited 100 business owners to operate their business from there, with rental FOC for 20 years!! So how would he make money?

Smart thinking he is that he would only ask for 1 condition from these business that is to make a deposit of RMB100k with a certain bank only, and the bank would also provide OD facilities for 3times the value, making this business deal look like a win-win-win solution for all. Imagine with the "accumulated power" he has in his hands, banks would also treat him like king!

Furthermore, he just need to control the logistics of all the businesses in the vicinity, and perhaps build a few hotels around the area, there's a whole lots of revenue which can be earned from. As simply put it, build a platform like Google, provide everything free, and earn revenue from the things around it. Pretty ingenious.

Smallsized business success depends on the leadership and ability of the boss. Medium sized depends on the management team, and big ones depends on the business culture. Something to ponder about.

With the culture and competitive edge, hardwork and creativity from that country, I suppose we can all learn more than a thing or two from them and buckle up ourselves to keep that edge.