Browsing through ChinaTechNews’s story on Sam Flemming, this particular comment caught my attention.
For anybody else looking to open a technology-related business in China, what sort of advice would you have for them?
Focus on recruitment and people. There is significant competition for a limited pool of experienced, educated professionals.
Well, Sam hit it squarely on the head. Despite the huge population, the number of talent is extremely limited. Couple that with rapid growth, influx of foreign capital and the people’s insatiable appetite to move up the social strata. What do you get?
A situation where companies are paying more and more and workers move around at next better opportunity.
What can a startup with neither money nor resource do?
Let me tell you. NOTHING.
It’s a constant struggle. The only choice seems to be running fast enough with whatever people you can get hold and then take them to the next level with you.
For more than a year I had been struggling with that. (Read this, this, this and this.)
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