This is WHY Startups Struggle in Japan #shorts
I would personally describe Japan as a anti-startup society. Japanese companies are traditionally seen as very conservative. You realize how riskaverse it is, how the whole system really is set up for big companies to avoid risk, keep their their profits going no matter what. There’s a lot of intermediators here, whether it’s tax accountants, lawyers, or anything to do one thing. It costs a lot of money. So that’s why it’s very hard as a startup to really take off. or with a Japanese client, you need to build trust. I know another founder who spent one year and a half with a potential client before finally having a contract. So you really have to build rapport and build a strong relationship with your prospect and then you can finally close the
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22 Comments
Not at all surprising when you realize that Japan's most valuable commodity is trust. It's the foundation of their entire economy as a tiny island with virtually zero natural resources. Compound that with an aging population that maintains preferential faith in established companies, and it's easy to figure out why this creates an environment that's naturally hostile towards entrepreneurship.
Definitely true. Trust is everything and it’s a risk-averse culture. Add in the issue of Japan being an aging society, choosing to go with a product or service of a large corporation that’s been around serving Japanese people for decades or centuries over a new startup selling something that’s hard to understand for the majority and you have a tough market to get a foothold in.
We help businesses enter and localize their marketing for Japan. Almost everyone underestimates the Japanese market. Rather than thinking of Japan as a second market, it’s necessary to think of it as a second first market due to the vast differences that need to be considered.
What's the mother tongue of the last guy? He has an interesting accent.
And incredible how lots of people think they are a perfect society
i'd prefer the last person response, as he showed the ability to learn the difference and embrace them, even though it is very different from yours.
Every society is different, what works or is considered the "norm" or valued for a country does not means it should necessary be the same in another country.
We have to acknowledge the pros and cons of each system, and learn from one another.
Sounds like they dont want snakes trying to take advantage of people. I would do the same especially with Americans, since "Networking" is the thing here. Even though it really means manipulating and using people not really making friends. The Japanese want to know your actually an honest respectful person. Americans are definitely neither honest or respectful.
No wonder they are stuck in the 90s.
Japanese companies dont work as hypercapitalistic companies but plan for the future, something our western economy isnt able to do. And thats why they work well and survive problems.
Japanese companies also dont like firing its employees. Its always the white westerners who thinks everything is about profit.
No real coffee lover drinks coffee from Starbucks.
When I lived in Japan I would tell people I'm an entrepreneur and they thought I was dangerous.
Which is why SoftBank invests that much in foreign companies
I am old school person. Japan should fit me very well. I build relationships only based on trust. Never worked with anyone whom i couldnt trust. And idea of buch of start ups always sounds as scam. Thank you!!! I will consider try to find a way to go to Japan. ❤
but Softbank fund a lot of startup. heh.
Lame asf society ngl. Fun for travel. But actually living there seems like sht
And this is why California's economy has grown 5 times bigger in 35 years and Japan's has NOT.
That's a no for me
the will never survive the process they must undergo to finish modernizing if it takes a whole ass year to make one contract.
They need to adopt some IP protection laws from the US and modulate corporate protections, make LLCs a bigger thing, and then the risk won't be so great.
Setting their own demise.
Sounds like very bad news for the Japanese economy.
So wrong. He don’t do his home work. For start up companies, – Government gives almost interest free loans, tax free first two years, it equipments can be subsidized, gives money for every employee you hire, all these incentives can be enjoyed at national level program, prefectural program, and district ward level subsidies, all kinds of free money for start ups.
Tax accountants and legal fees are so much cheaper than the us. Very objectively. Gives wrong impression to those considering to start up. He probably failed with his bad investment miserably.