How to make your startup dream come true
The dream of an immigrant entrepreneur is a pipe dream, says Peter Shoup, a professor at Columbia University who teaches entrepreneurship.
Shoup points to two key elements that set the bar for the entrepreneurial career in China: a strong entrepreneurial mindset and a strong financial background.
He says the two factors combine to create a perfect storm of factors that create a market that will drive the startup’s success.
Shoups research has shown that entrepreneurship in China is the most popular career for Chinese immigrants.
In 2014, according to the Shanghai Jiao Tong University’s National Center for Entrepreneurship, Chinese entrepreneurs earned a median salary of 3,100 yuan ($430) and had a median net worth of $3.2 million, a figure which is slightly less than the U.S. average.
Chinese immigrants are also more likely to have an education, and have access to a wealth of local knowledge.
“Chinese entrepreneurs are highly motivated and motivated by their own knowledge, and this motivates them to create,” Shoup says.
In China, entrepreneurs have access not only to capital but also to the opportunity to earn income through selling their product or service.
Shoup likens this to a lottery: If you win, you can make a lot of money.
If you lose, you will have to make it up through the lottery.
This, in turn, makes entrepreneurs more willing to sell their services to customers in China, even if they don’t have a good business model.
“When you’re selling, you’re doing business with yourself, not with customers,” Shoups says.
“This means you’re not in a position to think about the business model.”
In this way, entrepreneurs in China are also creating a very lucrative market for their products.
In a 2014 study by the Chinese Academy of Sciences, more than 40% of all Chinese immigrants and their family members said they had taken a sales position, compared to only 5% of American immigrants.
The study also found that more than half of the Chinese immigrants in the study had taken an insurance position, meaning that the insurance companies that were providing coverage to them were more likely than Americans to offer their own product.
Shooz’s research shows that, in fact, this market is even bigger in China.
“In China where there is a lot more opportunity to start, you have an enormous opportunity to make money,” Shooz says.
Shootout of the day: Chinese startup foundersShoup says that Chinese entrepreneurs can make their dream of a Chinese startup career come true by being successful at three key elements:The first is an entrepreneurial mindset.
Entrepreneurs have an innate desire to succeed, so they want to see their product be as successful as possible.
In the United States, the best way to do this is to focus on the business, not the founder.
“This is the first thing that will make them succeed,” Shoop says.
The second is a financial background that will enable them to take risks.
Shouples research has found that immigrants with high levels of education and experience are more likely take on riskier ventures, including venture capital funding, and are more profitable.
The third and final element is the ability to make a business model that can support itself.
The Shanghai Jita Tong University study found that only about a quarter of Chinese immigrants have business models that can be profitable in their native countries, while half of U.C. students had business models in their home country.
Shunos research found that most Chinese entrepreneurs, including Shoup’s own students, had one of these three elements: a good financial background, a strong sense of entrepreneurship, and a willingness to take on more risk.
In order to make their dreams come true, Shoussi says it’s important for immigrant entrepreneurs to understand the three elements that make up the Chinese entrepreneur dream.
Shoos work has focused on how Chinese immigrants learn Chinese, how they make the transition to a new country, and how they integrate with the Chinese culture.
He also has written a book on how to start a business in China that will help immigrant entrepreneurs navigate the Chinese market.
Shung, for example, was born in the United Kingdom, and has lived in Hong Kong for three years.
He started his own business, a medical device manufacturer called Shung Electronics, in 2012.
Shung has been able to successfully navigate the marketplace in Hongkong, with success in Chinese markets such as Shenzhen and Macau.
“My experience has been that there is very little of the kind of market research that is being done in the U.”
Shung says he learned about the Chinese marketplace in his home country of Hong Kong.
“I didn’t think I was going to be able to get into this market, but it turns out I was able to do it,” Shung says.
“It was pretty surprising because there is so much potential in Hongks market,” Shaun says.
He adds that he also learned about entrepreneurs who went on to establish successful businesses in the Chinese markets