
Originally Posted by
DaffyDuck
^ 'nuff said.
This is a great thread - mostly because it contained a lot of information both in what to do, how to do it, and what to avoid.
I have a friend (Thai, of course), who wants to farm fish -- who stupidly went ahead, got a loan from the bank on her farmland, and on the advice of the local fish farm store (yeah, you know where this is going), had four ponds dug out that she spent all the money on, and now has no money left to buy fish. Sounds classic, doesn't it? Budgeting or pre-planning being unheard of to Thai 'business' people.
She claims the local store will teach and show her all that needs to be done -- obviously, based on the advice so far, I am less than convinced.
Obviously, she asked me for an additional 30,000 Baht (translation: 120,000 Baht) to 'buy fish'. Fortunately, I 'have no money'.
I am going to send a friend up there to check out what she has done so far, and get some basic idea, though my expectation is:
- she wasted too much money she could have used intelligently if she had asked for advice BEFORE listening to some local who just wanted her money.
- far more needs to be invested now to set everything up the right way.
- I might as well flush the money down the drain, if I expect that things will run smoothly unless I'm present 24/7 over the next year, to make sure it doesn't get screwed up again.
Seems to me, at first glance, the money would be better spent on hookers and bar beers.