RoboLB
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Posted 2010-08-14 09:10:39
Hmmmm.
Some very negative feedback here. I'm surprised. I suspect from some who have tried and failed or never even tried. I have a brother like that. Worked for the man all his life and just complains about what he cannot have :-) Very few things in life are offered on a plate. It generally takes hard work, a bit of luck, commitment, and balls.
I too am looking for SME investment. 5-10 million baht. Really to try to give a family member a helping hand. Nice guy, really hard working and trust worthy. He just keeps getting dealt a shit hand. So I reckon if I can invest in a small business, and give him a job too, we both win.
But i am not rushing in with eyes wide shut. I have worked for myself for the last 15 years. I have started 3 businesses that are all going well. One of those is in Thailand. Yes running a business in Thailand can be a nightmare. Particulary with the revenue department. We now have to forecast profit for the year and if we get it wrong by +/- 20% we get fined! Give me a break...... But if you can put up with the crap it can be rewarding.
So we are now looking around to try something different. Would welcome any thoughts on potentail SMEs to buy. Any opinions here will only add to our reserach and would be appreciated. Would rather buy than startup. Been there, done that. We are not rushing, just researching at the moment. Thinking of an apartment building as an example.
My favorite Winston Churchill Quote:
Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.
Which in this case I think would mean, listen to the views and opinions of others, assess those that are valuable/insightful and them make up your own mind.
Hearing different views is always of value in my mind.
Not my intention to come across as an over opinionated Newbie! Hope it does not appear like that. Just when people say I can't do something it makes me wonder why and want to do it more :-)
Some great threads in here. Working through them slowly. Got to staff salaries. Think I am over paying :-(
Robo
Edited by RoboLB, 2010-08-14 09:21:12.
Posted 2010-10-25 00:21:13
 RoboLB, on 2010-08-14 09:10:39, said:
Hmmmm.
Some very negative feedback here. I'm surprised. I suspect from some who have tried and failed or never even tried. I have a brother like that. Worked for the man all his life and just complains about what he cannot have :-) Very few things in life are offered on a plate. It generally takes hard work, a bit of luck, commitment, and balls.
I too am looking for SME investment. 5-10 million baht. Really to try to give a family member a helping hand. Nice guy, really hard working and trust worthy. He just keeps getting dealt a shit hand. So I reckon if I can invest in a small business, and give him a job too, we both win.
But i am not rushing in with eyes wide shut. I have worked for myself for the last 15 years. I have started 3 businesses that are all going well. One of those is in Thailand. Yes running a business in Thailand can be a nightmare. Particulary with the revenue department. We now have to forecast profit for the year and if we get it wrong by +/- 20% we get fined! Give me a break...... But if you can put up with the crap it can be rewarding.
So we are now looking around to try something different. Would welcome any thoughts on potentail SMEs to buy. Any opinions here will only add to our reserach and would be appreciated. Would rather buy than startup. Been there, done that. We are not rushing, just researching at the moment. Thinking of an apartment building as an example.
My favorite Winston Churchill Quote:
Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.
Which in this case I think would mean, listen to the views and opinions of others, assess those that are valuable/insightful and them make up your own mind.
Hearing different views is always of value in my mind.
Not my intention to come across as an over opinionated Newbie! Hope it does not appear like that. Just when people say I can't do something it makes me wonder why and want to do it more :-)
Some great threads in here. Working through them slowly. Got to staff salaries. Think I am over paying :-(
Robo
Welcome to Thai Visa!!! No matter what you ask, you will get a load of negative replies. There are some great people on here but also too many people who seem to be jaded expats who complain about everything. They complain about the corruption, think all the women are bar girls and wouldn't invest a single cent here. But they are still here complaining every day. I'm not sure why hey don't go home.
I am alo thinking of starting a business here but most things don't seem to make much profit. I'd also be interested in some ideas. I would like something office based, maybe offering a service of some kind. Not sure what would work here though. I want to avoid working for next to nothing. I am also open to a partnership with teh right person and with the right business idea.
Posted 2010-10-26 22:23:48
I wonder why people are so negative about business in Thailand on this forum?
I find that there are problems and advantages running a business here just like everywhere else.
More corruption here? Well labor costs are far higher in the West. I could go on and on...
Those who have experience running a business before they come to Thailand tend to do well...
Posted 2010-10-26 22:31:04
TravelerEastWest, on 2010-10-26 22:23:48, said:
I wonder why people are so negative about business in Thailand on this forum?
I find that there are problems and advantages running a business here just like everywhere else.
More corruption here? Well labor costs are far higher in the West. I could go on and on...
Those who have experience running a business before they come to Thailand tend to do well...
I agree with you. The more difficult it is to start and run a business, the bigger the rewards, because there is less competition. I suppose I should be very thankful that most on here won't start a business. That leaves more profits for me. It's the same in the UK. People gave me long lists of reasons why I shouldn't have started my business and why it was obvious I wouldn't succeed.
Posted 2010-11-09 07:47:40
Something other than a bar, restaurant, hotel, internet cafe, massage center or hair salon.
Posted 2011-06-11 12:02:42
RoboLB, on 2010-08-14 09:10:39, said:
Hmmmm.
Some very negative feedback here. I'm surprised. I suspect from some who have tried and failed or never even tried. I have a brother like that. Worked for the man all his life and just complains about what he cannot have :-) Very few things in life are offered on a plate. It generally takes hard work, a bit of luck, commitment, and balls.
I too am looking for SME investment. 5-10 million baht. Really to try to give a family member a helping hand. Nice guy, really hard working and trust worthy. He just keeps getting dealt a shit hand. So I reckon if I can invest in a small business, and give him a job too, we both win.
But i am not rushing in with eyes wide shut. I have worked for myself for the last 15 years. I have started 3 businesses that are all going well. One of those is in Thailand. Yes running a business in Thailand can be a nightmare. Particulary with the revenue department. We now have to forecast profit for the year and if we get it wrong by +/- 20% we get fined! Give me a break...... But if you can put up with the crap it can be rewarding.
So we are now looking around to try something different. Would welcome any thoughts on potentail SMEs to buy. Any opinions here will only add to our reserach and would be appreciated. Would rather buy than startup. Been there, done that. We are not rushing, just researching at the moment. Thinking of an apartment building as an example.
My favorite Winston Churchill Quote:
Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.
Which in this case I think would mean, listen to the views and opinions of others, assess those that are valuable/insightful and them make up your own mind.
Hearing different views is always of value in my mind.
Not my intention to come across as an over opinionated Newbie! Hope it does not appear like that. Just when people say I can't do something it makes me wonder why and want to do it more :-)
Some great threads in here. Working through them slowly. Got to staff salaries. Think I am over paying :-(
Robo
If you under-estimate your annual profit by 20+% I will solve it for you - just pay the excess to my offshore company and I won't charge you anything for helping save your neck!
Posted 2011-06-22 18:53:12
Edited by Jayroo, 2011-06-22 18:59:15.
Posted 2011-07-04 17:33:40
chesternim, on 2011-06-11 12:02:42, said:
RoboLB, on 2010-08-14 09:10:39, said:
Hmmmm.
Some very negative feedback here. I'm surprised. I suspect from some who have tried and failed or never even tried. I have a brother like that. Worked for the man all his life and just complains about what he cannot have :-) Very few things in life are offered on a plate. It generally takes hard work, a bit of luck, commitment, and balls.
I too am looking for SME investment. 5-10 million baht. Really to try to give a family member a helping hand. Nice guy, really hard working and trust worthy. He just keeps getting dealt a shit hand. So I reckon if I can invest in a small business, and give him a job too, we both win.
But i am not rushing in with eyes wide shut. I have worked for myself for the last 15 years. I have started 3 businesses that are all going well. One of those is in Thailand. Yes running a business in Thailand can be a nightmare. Particulary with the revenue department. We now have to forecast profit for the year and if we get it wrong by +/- 20% we get fined! Give me a break...... But if you can put up with the crap it can be rewarding.
So we are now looking around to try something different. Would welcome any thoughts on potentail SMEs to buy. Any opinions here will only add to our reserach and would be appreciated. Would rather buy than startup. Been there, done that. We are not rushing, just researching at the moment. Thinking of an apartment building as an example.
My favorite Winston Churchill Quote:
Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.
Which in this case I think would mean, listen to the views and opinions of others, assess those that are valuable/insightful and them make up your own mind.
Hearing different views is always of value in my mind.
Not my intention to come across as an over opinionated Newbie! Hope it does not appear like that. Just when people say I can't do something it makes me wonder why and want to do it more :-)
Some great threads in here. Working through them slowly. Got to staff salaries. Think I am over paying :-(
Robo
If you under-estimate your annual profit by 20+% I will solve it for you - just pay the excess to my offshore company and I won't charge you anything for helping save your neck!
Just tried to post- not sure if it went or disappeared - so I will try again.
Wait a couple of months as I will be looking for consultants comfortable talking with SMEs about Govt. supported R&D programs.
It is possible to invest at least half your company's tax dollars instead of seeing them drain away - with a Guaranteed return!
The key is the SMEs must be profitable and have legal accounting. (Does not work for people rorting thetax system)
Not sure how many ex-pats or even Thai business people do not pay company income tax.- anyone have an idea on that?
Posted 2011-07-04 20:02:27
Common sense consultancy! 
RoboLB
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Posted 2012-04-08 07:28:24
Haven't been here for a while, but was just reading back on this thread.
As a bit of an update, I am reconsidering keeping my business in Thailand. The regulatory environment is just too hard. We have to spend more time, money and resources on meaningless reporting and regulatory compliance than our other business 20 times the size, based in Australia! I'm coming to the view that the Thai Government ( and revenue department) does not want to encourage small business at all, particularly foreign owned businesses. Very sad really.
In contrast, I have just started another business in the Philippines. A dream compared to Thailand. So much easier. So we may move more of our operations over there. Great pity as I love Thailand, but doing business there can sometimes feel like you have one hand tied behind your back.....
Posted 2012-04-11 12:54:27
I have been burned twice here in Thailand -- both times by farangs.
First was turning over a detailed business plan for a promised % of the deal. The guy would never return my calls after that. Stupid on my part? Yep! Will I do it again? Nope!
Second time was getting some web coding done. Had done business with the guy for several years and thought I knew him quite well so I paid (not all that much) up front. Half way trough the project he needed to set up a new server and asked me to wait. A couple of months passed and I talked to him about finishing the work. He actually started an argument with me as to who put the project on hold, then told me to find someone else. Refund? Nope!
This is Thailand. Farangs are just as / more likely to screw you as Thais.
If someone has a good idea, they will likely do it themselves. Even if they can't, and have been here awhile, they are not likely to trust you.
JackKern
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Posted 2012-05-16 02:30:49
klikster, on 2012-04-11 12:54:27, said:
I have been burned twice here in Thailand -- both times by farangs.
First was turning over a detailed business plan for a promised % of the deal. The guy would never return my calls after that. Stupid on my part? Yep! Will I do it again? Nope!
Second time was getting some web coding done. Had done business with the guy for several years and thought I knew him quite well so I paid (not all that much) up front. Half way trough the project he needed to set up a new server and asked me to wait. A couple of months passed and I talked to him about finishing the work. He actually started an argument with me as to who put the project on hold, then told me to find someone else. Refund? Nope!
This is Thailand. Farangs are just as / more likely to screw you as Thais.
If someone has a good idea, they will likely do it themselves. Even if they can't, and have been here awhile, they are not likely to trust you.
sad, but true. Been their a couple times too.....
bizwhiz
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Posted 2012-05-20 23:15:37
mca, on 2009-09-20 15:41:57, said:
Come to Isaan, become a money lender, take folks land certificates as security.
worst advice ever
bizwhiz
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Posted 2012-05-20 23:28:15
something in your own name is the only sound investment...this is difficult... If i was going to throw 5 mil around i would say buy yourself 2 3 cheap studios and rent them out for some passive income.
Or you can throw some cash at me in 2-3 months time when the australian stock market bottoms out off the back of the euro over-reaction & i will increase your investment x5 on CFDs by the end of the year.
Im looking to get an investment syndicate in play...anyone interested PM me.
Posted Yesterday, 14:47
Interesting read. We have a business for sale in Chiang Mai, PM me for details.
Posted Yesterday, 18:31
Robo,
First, I wonder how long you have been in Thailand. If you are a newie, it might be a good idea to learn more about how Thais and Thailand works before making comments like --
Quote I suspect from some who have tried and failed or never even tried.
How many business folks do you actually know in Thailand? How much do you know about the doing business here?
I know any number who have tried and failed. Some had flawed plans from the get-go. Some trusted Thais and were either cheated or the business failed from incompetence.
I know a few who have succeeded. Do you actually believe they are going to disclose successful business ideas on an anonymous open forum? I you believe that, then I would question your credentials
Quote But i am not rushing in with eyes wide shut.
But you seem to be rushing into this thread with your mouth wide open.
Edited by klikster, Yesterday, 18:32 .
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