Friday, 25 May 2018

Young people: why should you choose to start up a business now? (PART 1)

Even at the prospect of starting up a business and earning money early on, up to 70% of young people opt not to do so, halted by fear of the potential risk during the process as well as the lack of experience, according to this article. Certainly there are ups and downs in starting up, growing and maintaining a business, but age is never a determining factor in achieving success.


Here are a few ways in which the younger generation has an edge over the more experienced:

More time to commit yourself to the business
Being young doesn’t mean less experience; it means more years ahead, and fewer commitments in life as of present. Starting a business requires dedication and time; starting young gives you the time to devote yourself to your business, the time to fail and begin again, and the time to explore more possibilities and opportunities.

Older generations may warn you against starting young, citing inexperience as the first reason, and brashness as the second, but being an entrepreneur is about taking responsible risks and learning from your mistakes along the way. Youth and failure certainly didn’t stop the young Milton Hershey on his journey to success. In fact, it seemed to strengthen his resolve and resilience. Before he found success with chocolate titan The Hershey Chocolate Company, he experienced bankruptcy and money issues with his first two attempts at running a business, but he stuck with it, and eventually his resilience paid off, showing the world the two most important things young people need for success is determination and time. (Here’s his story!)

While a critical mistake in business may be costly, the young have the advantage of exploring mistakes and starting over with relatively less burdens on their shoulders.

Boldness and lack of preconceived notions
There is never just one way to run a business, and new blood only adds to the creativity. Being new to the business could be turned into an edge, contrary to popular belief. Combined with the boldness which young people embody and the tech-savviness of the up-and-coming generation, the ways to which your creativity can be applied are endless.

Founders of Hong Kong’s first US$1 billion startup GoGoVan were both young people when they conceived the idea and brought it to fruition (learn about their story here!), which goes to show just how much of a difference new blood makes to a business. Here, the lack of experience and preconceived notions play a huge role in helping them pioneer a new era, becoming the generation’s most formidable asset. Marketing and innovation are critical to a business’ success, and young people are more than equipped to handle them with their utter boldness and familiarity with social media and technology.


To learn more about how your knowledge of social media and technology is relevant to running a business, check out part 2 of the blog! If you’re a young entrepreneur looking to start a business but don’t know where to start and how to set up the company, contact Primasia today for our services and more information.

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
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Primasia Corporate Services Limited

Tel: +852 2882 2088

Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Saturday, 5 May 2018

E-commerece in China

More and more retailers are selling online to Chinese consumers. Is your business one of them? Take advantage of our e-commerce strategies! Contact us today for more information. 


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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited

Tel: +852 2882 2088

Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Friday, 4 May 2018

Xero Cloud Accounting- Expenses Claim

You can easily record your expenses on the go with Xero. No more headaches caused by keeping track of your receipts! 

Here are the features of the expenses claim function:

  1. Manage your business expenses online
  2. Reimburse employees for business cost efficiently
  3. Keep a record of all receipts
  4. Capture expenses on the go


With Xero, you can track, claim and manage expense claims easily. Talk to us today to know more about it!


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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Thursday, 3 May 2018

Primasia- Payroll Outsourcing Solution

Our Payroll experiences reduce costs, save time, increase confidentiality and let you focus on your core business. Call us today.


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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited

Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Wednesday, 2 May 2018

Primasia- Accounting Service in Hong Kong

We provide full accounting services tailored to your business needs. Call and ask us about Cloud accounting today!




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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited

Tel: +852 2882 2088


Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Friday, 27 April 2018

Primasia- China Accounting Services

Primasia Corporate Services Limited is a leading corporate services provider in Hong Kong and we have been assisting overseas’ companies to set up business in HK and China as well as providing on-going supporting services for 30 years.

Our Hong Kong services include:
1) Company Structure Advisory
2) Company Formation
3) Bank Account Opening
4) Online Accounting Solution
5) Tax Compliance and Audit Coordination
6) HR & Payroll Management
7) Visa application

We also provide full China services to assist and support clients’ expansion to the China market through our offices in Shanghai, Beijing and Guangzhou. Our China team are experienced and will ensure your China entity is compliant with the local regulations.

Our China services include:
1) Market Entry Solution and Company Structure Advisory
2) Company Formation (WFOE/ JV/ RO)
3) E-commerce Set Up (Tmall/ JD.com/ your own website)
4) Bank Account Opening
5) Accounting Advisory & Bookkeeping
6) Tax Compliance and Audit
7) HR & Payroll Management
8) Locating Office Space


Contact us today for more information!


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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited

Tel: +852 2882 2088

Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Tuesday, 3 April 2018

Primasia: The Benefits of Xero for Your Business


Traditional accounting is limiting, especially in the modern digital world we live in. This is why Primasia Corporate Services Limited has partnered with Xero, an easy to use and powerful online accounting system, as a certified business advisor. It’s time to embrace the future and transition from traditional accounting software, and connect and collaborate online with cloud accounting. Being a great tool with multiple features, Xero can help you better organise your business and keep your accounting well-maintained.

Read on to learn just a few of the many benefits.




How Can Xero Help Your Business?

One of the major advantages Xero has is that you can run your business from anywhere you have an internet connection. Access your business finances anytime, from any internet-connected device – phone, tablet, or computer. There is a Xero app that works on all mobile devices, phones, and tablets. Upon download, you gain instant access to cloud accounting-- where you can manage your accounting remotely. For example, you’ll have the ability to create invoices and send them over to your clients, keeping everything neatly organized.

Reporting is crucial for all businesses. With Xero you can receive daily updates from your bank accounts and credit cards, keeping you on top of how you’re doing financially. Xero also offers over 40 interactive reports and budgets that are available in real time- so you can view and share them with your advisor or business partner on demand. No waiting for month end to see how your business is performing.

Xero also protects your data with multiple layers of security. Your business information is encrypted and under your control. No one has access to your organization’s data unless you invite them into your account. You control what users can see and do in Xero.

With 30 years experience in establishing businesses in Hong Kong, China, and other offshore jurisdictions, Primasia offers integrated solutions for every business. As a Silver Partner of Xero, Primasia is uniquely set up to help your business transition to Xero, provide Xero training, assist with audit and tax filing and help you understand how your business is performing. Contact Primasia Corporate Services Limited today for assistance with your cloud accounting and business needs.


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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited

Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong