If you are considering launching a start-up business there are five steps that you need to consider before you begin. Firstly you need to create a business plan which will help you define the objectives and strategies of the business. This is one of the fundamentals processes that you should not skip, even if it sounds temping. In some cases, such as when you are looking to raise funding for your start-up business then you will need a business plan as investors will want to see it.
The next step is to open a business bank account, there are many different accounts available and you should research your needs thoroughly. Consider whether you need a simple deposit account or if you need something more sophisticated, such as if you want to trade via ecommerce online.
At this stage you should also consider whether you need to raise finance for your start-up business project. You may be able to raise capital from the bank, friends or family or outside investors such as angel investors. Financing your project should be considered early on in the planning stage as if you do not manage to secure finance your project may be over before you begin.
Even with the limitations in place, many recent high tech industries and businesses have succeeded in China because of angel investment, be it from abroad or domestic. Both local and foreign businesses have used the Chinese branch of the Angel Investment Network to form partnerships with investors. A wide range of business proposals from Chinese entrepreneurs is also available on this site, covering a variety of industries, from medical & technology, to mining, energy & real estate.