Business is a massive challenge for anyone and there are many hurdles to cross before it can become a very successful and established one. There are many technical things that one needs to be aware of while running a business.
There are some educational institutions which aim at providing entrepreneurship training courses for young business enthusiasts. More information about these courses can generally be found on the internet. Some recommended sites include *'EntrepreneurHK' Business Information Services, "Meet-the-Advisors" Business Advisory Service and the startup e-books on the Hong Kong Public Libraries' e-Book platform. All these training courses can be essential in a young ambitious person’s development into a brilliant entrepreneur.
Marketing is one of the major deciding factors of how a business would fare in its market. Therefore, it is essential to have effective and attractive promotions. In addition to the obvious importance of promotions, it is very important to adhere to some laws and rules such as Unsolicited Electronic Messages Ordinance, Consumer Protection Law, and Trade Descriptions etc. Once the business has developed well locally, *overseas promotion and market development can also be given a thought too for expanding the business.
Modern technology has arrived many years ago and now it has become a crucial part of our lifestyles. Thus, it can be said that most of the people with technological experience are familiar with the concept of online shopping and online stores. Operating 24/7 and not being constrained by physical space are just some of the many benefits brought by e-commerce. Electronic Transactions Ordinance, e-Authentication, e-Cert, .hk Domain Name Registration - these sites, for a start, might be useful in gaining more knowledge and information about e-commerce.
Social responsibilities and business ethics are two of the most important elements in the business world. It is necessary to aim for making profits but it shouldn’t be at the expense of breaking ethics or forgetting about the well-being of the society. SIE Fund aims at promoting this concept and it could be a good place to get started if you would like to know more about this topic.
Wish you all the best for running your business and hope that it has a pleasant and comforting journey ahead in its development of becoming a top company!
(P.S. Do look out for *business traps and don’t get fooled too easily! Take risks sensibly!)
*Chinese version only