EP 09 - Steve Simonson - 7 China Mistakes and How to Avoid Them

China offers extraordinary and game changing opportunities to entrepreneurs, but there are also caveats, road mines and lightning bolts that can happen along the way. On today’s expert insight episode, Steve Simonson talks about the top seven mistakes that business owners often make when dealing with China. Here are some of the awesome things you will hear in this episode: Steve’s axiom number zero - I don't know nothing about nothing and how it helps him in business. The number one mistake most business owners do in the beginning. Why a purchasing system is critical to the understanding of your profitability and your business in general and a lot more! So listen to today’s episode to find out these top seven mistakes and how you can avoid it. Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope that you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT: If you're launching a new product manufactured in China, you will need professional high-resolution Amazon ready photographs. Because Symo Global has a team of professionals in China, you will oftentimes receive your listing photographs before your product even leaves the country. This streamlined process will save you the time money and energy needed to concentrate on marketing and other creative content strategies before your item is in stock and ready for sale. Visit Symo Global to learn more. Because a picture should be worth one thousand keywords. You're listening to the Awesomers podcast. 01:15 (Steve Simonson introduces today’s main topic, the top seven China mistakes that newbies often make.) Steve: Welcome Awesomers! This is another episode of the Awesomers.com podcast and my name is Steve Simonson and I’m excited to be here with you today. This episode is number 9, that is podcast episode number 9. So to find the show notes and relevant details pertinent to this particular episode, just go to Awesomers.com/9. Easy to find and makes a lot of sense as the old solid gold people used to say, “If it’s got a good beat, it’s easy to dance to”. So today we're going to talk about the top seven China mistakes that newbies have made or will make. And we're going to think about it and finally, not just newbies even veterans, even people who have been doing it a while will find them sometimes at odds with China. How you interact with them and how you secure your sustainable and systemic supply chain. I’m going to make a riddle out of that someday. I just want to share with you that China is a really fun place to do business. A really extraordinary opportunity, but there's also caveats, road mines and lightning bolts that can happen along the way and we are going to talk about some of those today. More importantly how to prevent them. This is an insight episode, as you may recall on Awesomers.com even though we are just starting. This is our ninth episode. We put together different show formats and this one is called an insight type of episode. This is where somebody like myself with a deep experience at a particular subject matter will