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CMC Consulting Group Inc

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Presentation on theme: "CMC Consulting Group Inc"— Presentation transcript:

1 CMC Consulting Group Inc
Expand Your Business Beyond the Domestic Market 2004 Hawaii Small Business Fair Saturday, May 22, 2004 Kapiolani Community College Honolulu, Hawaii 96813, USA Presented by: CMC Consulting Group Inc 55 Merchant Street, Harbor Court, Suite 1813 Phone: (808) ; Fax: (808) 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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WHO IS CMC Consulting Group Inc? CMC has three partners and one project manager with more than 75 years of experiences doing business in Asia with special focus in China and Hong Kong. The partners and its affiliate companies have negotiated many multi-million dollar business deals in China and other parts of Asia since 1980 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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CMC IS Member of HONG KONG CHINA CHAMBER OF COMMERCE (HKCHcc) HKCHcc’s members are interested to look for trade and business outside of Hawaii working with more than 15 collaboration partners worldwide with special focus in China and Hong Kong. Combine membership of HKCHcc & our collaboration partners exceed 12,000 members 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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PREPARE TO EXPORT Is your company ready for exporting? Entering foreign markets requires commitment from top management and a clear export strategy. 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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PREPARE TO EXPORT If your products is not selling in Hawaii, do not expect to export to bail you out 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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PREPARE TO EXPORT Are you willing and ready to put financial resources to explore new markets ? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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PREPARE TO EXPORT Are you willing and ready to make adjustment to your products to suit the targeted foreign markets ? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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RESEARCH NEW MARKET Which markets hold the most promise for your products? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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RESEARCH NEW MARKET Who are the major players and competitors in the market ? Do you know? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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RESEARCH NEW MARKET Utilize market research reports and customized services to focus your efforts on the most promising markets. Are you willing to pay for the market research report? Get to know your New Customers? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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FIND & DEVELOP TRADE CONTACTS Identify potential buyers, agents, distributors or joint-venture partners for your product or service. 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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FIND & DEVELOP TRADE CONTACTS How good are some of the trade group that come through the State regularly? How do you determine their legitimate trade & business motives? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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FIND & DEVELOP TRADE CONTACTS Become familiar with the various partner matching and trade lead services offered by the federal & state government. How good are they? Why are many Hawaii businesses failed to take advantage of the program? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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PROMOTE YOUR COMPANY There are a variety of cost-effective services available to help you test markets and gain exposure overseas. 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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PROMOTE YOUR COMPANY Take advantage of special promotional projects, a recent program put together by CMC featuring12 Hawaii Companies will be viewed by more than 200 million TV audiences in China and throughout Asia 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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PROMOTE YOUR COMPANY Participate in selective trade mission preferable lead by private sectors consultants with government agencies playing supportive role only Meetings should be business focus, avoid top heavy meetings agendas primarily with government officials unless you are there to obtain government contracts 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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CONDUCT TRADE TRANSACTIONS Learn the intricacies of packaging, labeling, documentation and shipping Do not expect to ship your products into the foreign market, off the ship and onto the stores’ shelves! Many countries required you to change your packaging & meeting health inspection and various requirements to enter local market 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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FINANCE & INSURANCE Understand the types of financing tools and government services available to help you conduct your export business and reduce risk. Take advantage of many finance programs offered by the U. S. Dept of Commerce 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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FOLLOW UP TRANSACTIONS Learn how to follow up on transactions and cultivate relationships with your customers. How much do you know about inter-cultural relationship (i.e. in some culture a polite yes could meant “no thank you”? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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SELECTION OF QUALIFY CONSULTANTS Avoid paying 10s of thousands of dollars upfront fee without a clearly spelled out contractual engagements before your Company made the first $ of sales 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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SELECTION OF QUALIFY CONSULTANTS Who are their current clients? Can you contact their current clients? 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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SELECTION OF QUALIFY CONSULTANTS When doing business in China, feasibility study and due diligence are crucial. CMC can provide both services 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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SELECTION OF QUALIFY CONSULTANTS Does your consultant has offices or agents in the market your are planning to enter? A know all consultant is a “RED” flag (i.e. someone say they know everything about China) 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce

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Thank you Johnson W. K. Choi, MBA, RFC. Executive VP & CFO For more information, please contact us: CMC Consulting Group Inc 55 Merchant Street, Harbor Court, Suite 1813 Honolulu, Hawaii 96813, USA Phone: (808) Fax: (808) 11/21/2018 Member of Hong Kong China Hawaii Chamber of Commerce


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