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GingerLing

Member Since 2009-09-09
Offline Last Active 2011-08-19 19:21
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Posts I've Made

In Topic: Postage From Los To Uk

2011-08-05 01:58:16

View Postcamberwellcarrotfactory, on 2011-08-03 13:41:51, said:

Hi Ginger,

i can get this to the UK through our companies DHL account. This would go Air Freight and would take 3 -4 days. The cost would be 4556 baht, although you would be liable for any import duties owed. Feel free to PM me for more details. thanks.

Andy

Andy, thats a very kind offer, much appriciated, I'll PM you now.

In Topic: Postage From Los To Uk

2011-08-05 01:57:10

View PostCharlieH, on 2011-08-02 21:09:33, said:

An International Parcel (to Uk) via the Post office will be around 6200 baht, EMS Express service around 6900

I would think DHL etc will be considerably higher and therefore recommend the Thai Post Office.
Thanks Charlie, I'll check out the Post Office as you suggest.

In Topic: Postage From Los To Uk

2011-08-05 01:55:50

View PostPhilHarries, on 2011-08-02 21:33:03, said:

Crockery via the post? You'll need 15kg of shock absorbent packing to give the stuff even a fighting chance of making it intact.
Exactly, the crockery is about 6-7kg, the rest wasgoing to be 200yards of bubble wrap and a cast iron cage! I am taking a chance.

In Topic: Selling An Internet Based Business

2011-02-09 20:56:12

View PostCallumW, on 2011-02-09 12:09:48, said:

View Poststeelepulse, on 2011-02-09 12:02:48, said:

Another thought is your revenue stream.  Are the current customers on recurring billing for said service, or do you constantly have to go and get more customers. Everyone loves recurring billing customers.

A bit of both really, some clients will order $10,000 worth a month for a couple of months, disappear and then come back a few months later for some more. Overall repeat clients make up around 70% of revenue, in fact we have not had capacity to take on any new clients for a couple of months now, which means I really need to expand but don't want to as I would rather just get rid of the whole thing, I came to Thailand to retire not ending up working harder than I did in the UK! Ha!

Callum, if you were selling in the UK a good starting point would be to factor the net  profit by 2-5 times depending on the goodwill in your contracts. If there is a track record of repeat business over 3 years than factor for 3.  You mentioned gross profit rather than net, so assumming a net of $40k per annum and assuming the last 3 years were the same, you would value at $120k+. Add to that the value of any IP on the product you produce and assets you want to appropriate to the business.

Sounds like you are the key to this business, anyone buying the business would be aware that and that the staff used to deliver the service / product are not tied to the business. These are two factors that addresses would increase a sale value otherwise they are unknowns which introduces risk and reduces the potential value. If you haven't already, get the freelancers tied into some contractual retainer. For yourself you need to demonstrate you can extracate yourself from daily operations and your function within the business can be undertaken by another person. Simply put, be clear about what you do.

Sounds like it would be a better idea to work you arse off for 18 months though and exploit the potential yourself, as you are probably best placed to exploit this potential, and then sell. Do this expansion using a company in HK or Singapore and benefit from the lower TAX liabilities than you would otherwise experience under UK duristiction. The extra money would pay for a European Tour professional golf coach and you could make up lost time on your game as a result ;)

In Topic: Students Public Humiliation Over Inappropriate Hairstyle

2010-08-26 19:08:14

View PostLennyW, on 2010-08-26 18:29:21, said:

Good on the Teacher, far too little discipline among the Thai youngsters, lack of discipline at an early age leads to more serious goings on in later life.

When corporal punishment was revoked in the UK is started a long slide. I was an unruly little bugger as a child in school, the threat of cane, ruler, board rubber or dap were instrumental in ensuring not only did I know where the limits were, but I didn't drag everyone down with me by setting a bad example. Strict discipline needs to maintained at school, so everyone has a chance to get some education, you have all the freedom you like in life later to mess up your own life.

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