Don’t Be in Denial About Reality with Tibor Baranski

Wealth Without Borders Podcast

Are you having trouble when it comes to understanding your clients? Are you being too ideologically driven that it’s drifting you away from the reality slowly?

Arrogance and close-mindedness are some of the things you need to avoid when leading your business. Problems and issues may arise because of those. It is a must for business owners to stick their heads into reality and objectively lead their business in order to avoid future conflict and issues that may end up being connected with higher-level issues.

Tibor Baranski is a counsel at Jun He LLP, the first private law firm in mainland China, post-1949. Tibor has also been a member of the Asian ex-pat community in China and in Japan for almost 35 years. In fact, he was the legal counsel to Japanese business interests regarding China since before people even realize that it existed.

In this episode, Tibor explains the importance of understanding the reality and being ideologically driven in leading your business in order to avoid future issues that may arise and to make your clients happy.

What you will learn from this episode:

• Discover the impact of legal issues on your business
• Learn how having a solid business plan can help you understand your clients’ problems and help you stay in the reality of your business
• Know more on how accepting the reality can help avoid future conflict and issues

“Avoid being trendy, keep your eyes on reality.”

- Tibor Baranski

Topics Covered:

02:01 - Tibor defines his ideal client

02:27 - Problems that Tibor solves for his clients: Legal issues at the operational level, Connecting legal issues to higher-level issues

02:49 - Denial of reality, lack of understanding of the objective reality, and being ideologically driven, typical symptoms that people with that problem experience

03:25 - Lack of understanding and arrogance are one of the common mistakes people make

04:00 - Tibor’s valuable free action: “Well get a very solid business plan and strategy in place, and this should be founded on scenario planning, both in positive and negative circumstances and avoid being trendy. Keep your eyes again on reality.”

04:16 - Tibor’s valuable free resource: Grab a copy of China Into the Future: Making Sense of the World’s Most Dynamic Economy by W. John Hoffmann and Michael J. Enright

05:48 - Mentor Alert: Professor K.H. Ting

06:32 - Question: Why did I choose my profession?

08:45 - Bonus Question: Why do you believe it's so important to be realistic when it comes to dealing with things in China particularly?

Key Takeaways:

“Well get a very solid business plan and strategy in place, and this should be founded on scenario planning, both in positive and negative circumstances, and avoid being trendy.” - Tibor Baranski

“Oftentimes the failures come from unrealistic expectations.” - Tibor Baranski

“Non-Chinese people, especially in the business area when coming into China tend to be rather detached, sometimes very detached from reality. So, expectations become such that the Chinese people simply cannot deliver on that for a variety of reasons, and it's something that we should be cognizant of when doing business.” - Tibor Baranski

People / Resources Mentioned:

• China Into the Future: Making Sense of the World’s Most Dynamic Economy by W. John Hoffmann and Michael J. Enright
• Professor K.H. Ting

Ways to Connect with Tibor Baranski:

• LinkedIn: https://www.linkedin.com/in/tiborjr

Ways to Connect with Howard Whiteson:

• Website: http://www.wealthwithoutborders.net
• Podcast: https://wealthwithoutborders.net/podcast/
• LinkedIn: https://www.linkedin.com/in/howardwhiteson