Hypothetical
You are a female MBA graduate and alumni from the Cal Poly Orfalea College of Business. You have been working the consulting track or big firm corporate grind for the last three years. Already, you are burned out and tired of taking orders from high maintenance clients and bosses. You are convinced that the time is right for you to become the master of your own business destiny.
You also recently learned that you are pregnant (or if you are a male graduate, flip this hypothetical and assume that your wife is expecting).
You want to keep your sex life going strong during your pregnancy, and you decide that finding some sexy lingerie that you can wear (or your spouse can wear) as an expecting parent can’t hurt your cause.
The challenge is you can’t find such lingerie anywhere in the US for you or your spouse, and you quickly realize there is a market for making and importing your own. Of course, you are an environmentalist and supporter of sustainability, as all good young people of today are, so said clothes will only be made from the finest organic cotton and by a factory that is certified under international standards and pays its workers well above the normal living wage.
You are bright, hard working and we trained you well to, among other things, spot niches in the market that have not been filled. After all, you went to China for one of your Cal Poly MBA courses, and honing your skills to spot new business opportunities was one of the very purposes of the trip, and while on the trip you paid attention, really threw yourself into it, and actively took ownership of your learning in that hybrid course were a good part of the learning took place on your own time by participating the course blog and delving into its many listed resources and blog discussions and debates.
A business idea and light bulb goes off. You decide to quit your job and take $50,000 from your savings (or your parent’s savings) and credit-card borrowings to start a maternity lingerie brand called, “Poly Hotty Sexiness.”
All you need is the right manufacturer to execute on your designs. You remember from your Cal Poly China MBA visiting some factories that convinced you that China may be a good place to place such work.
What will you do and how will you find one?
You previously read Professor Carr’s post on Chinese trade shows (Visiting A Trade Show In China), but you do not have the time, desire or budget to go that route.
So what will you do?
You might start by reading this Wall Street Journal article about Jack Ma’s Alibaba titled, Site Linking Global Buyers, China Factories, Plans IPO, which essentially tracks the above hypothetical I discuss. See also this very good and related SF Chronicle article titled, Alibaba.com and the Rise of Entrepreneurial China.
What’s the downside? How will you vet the manufacturing contacts you make on the Alibaba web site? See read this post from Dan Harris at the China Law blog:
I Hate Alibaba (The Website, Not the Company)
See also this related article from VentureBeat, Alibaba Shows China In Bubble.
So, do you have the guts to go for it? Or, will you get your resume ready for that next ’safe bet’ mega company or consulting firm? Discuss.