Beginning a Business in Japan
Economic Study of Japanese Business Practices
March 11, 2012
Starting a business in Japan is filled with myths and legends of impenetrable market share, regimented business regulation, and precision-like business etiquettes that scare away a majority of entrepreneurs. After researching these myths, I found many “legends” to be false. If you are prepared to understand basic Japanese business etiquette principals, work hard and be disciplined, you will enjoy the rewards of the 3rd (University) largest economy in the world. There are few other cultures that can claim they’ve recovered from an atomic bomb blast and a world shattering tsunami and enjoy being the 3rd largest economy (University) in the world. That says something about the discipline, tenacity and spirit of community that make up the core of a successful business. Those are the basic principals of why I would start a business in Japan.
Beginning a business in Japan can be daunting if you are not prepared. However, there are hundreds of consulting firms that are there to assist you every stop along the way. Some highlights of opportunity in starting a business in Japan include;
1. Japanese Market Entry services
2. Free office space in Tokyo, Osaka and throughout Japan
3. Bilingual interpreters
4. Access to all services provided by JETRO (Japanese External Trade Organization) (Venture Japan)
5. Free telephone/copier/administrative services for up to 3 months
6. Easy access to distributors, manufacturers and tax specialists
Here are a few graphics that demonstrate the attractiveness of the Japanese market.
(JETRO - JAPAN EXTERNAL TRADE ORGANIZATION)
You cannot over-emphasize the importance of having all of the overhead basics covered for the first 3 months. The first 3 months of decision-making in Japan will dictate your success over the next 3 years in Japan. The initial 3-month start-up offerings allow focus on...