CA, USA (PRWEB)
July 21, 2015
To assist businesses with successful market entry, OGS Capital is announcing a China Campaign that will bring in local business leaders from China to assist entrepreneurs and business leaders with effective strategy development.
OGS Capital has a team of consultants providing a wide range of services that include business plan writing, market research and plan development, feasibility studies, financial planning, and more. In the first six months of 2015 the company has experienced a 35% percent increase in business plans for startup and expansion into China, and a 25% increase in request for assistance with market research and feasibility studies to explore the China market opportunities. To support the increasing interest in doing business in China, OGS Capital launched the China Campaign to bring in local leaders from China to assist businesses with planning for successful market entry.
In June 2015, the OECD projected average GDP growth of 6.7 percent by 2015 with continued robust domestic consumption, urbanization, and services industry expansion. These factors represent enormous opportunities for U.S. and other Western businesses interested in entering the China market, either operating locally or importing goods and services produced in China. When the National Bureau of Statistics of China published the first quarter 2015 GDP statistics (last official statistics published), the economy had increased at a rate of 7.0 percent year-over-year. For the same period, China continues to experience steady growth in online and store front retail sales of consumer goods (10.8 percent) and industrial production (6.4 percent). Household per capita disposal income grew by 9.4 percent.
“Though there are reports that China’s economy grew at a slower than expected rate through June 2015, China’s economy remains robust, especially in comparison to Western economies,” says Alex Silensky, the Founder and CEO of OGS Capital. China has a strong interest in foreign investments that bring innovation and/or serve the domestic consumption market.
There are risks to entering the emerging China market, so it is critical that businesses, whether interested in starting local China enterprises or acquiring materials and goods, complete in-depth market research, strategize to address changing market opportunities, and address specific risks. “How the business enters the Chinese market is a major factor in long-term success,” says Silensky. To support the efforts of businesses interested in expanding into China, OGS Capital initiated the China Campaign to assist business startup and expansion efforts in which local industry experts from China share cultural and business knowledge to strengthen market entry strategies.
There are many challenges businesses must overcome to successfully conduct business in China, and all of these issues are addressed in the business plan.
The challenges and risks include successfully establishing local Chinese partnerships and alliances; maneuvering through a complex bureaucratic process; establishing an effective communication system that fits within established Chinese cultural norms; developing a staffing plan that recognizes local ethnic and cultural practices; sourcing materials and manufactured products for import/export within a complex regulatory system; and many others.
OGS Capital has a team of business consultants with expertise across industries and business functions. The company offers a range of services from business plan development to financial planning, and also conducts in-depth market research and feasibility studies for startups and business expansion. Each consulting project provides customized services based on client needs. OGS Capital also assists businesses with raising capital from private and public entities.
For more information or to submit an online contact form, please visit https://www.ogscapital.com/.