whats 555
whats 555
What is the Thai word for 5..?
then repeat...
I think most farang Thai businesses that fail fail due to neither partners being business people, the average Thai who has had 6 years schooling is not very likely going to sudden'y turn into a success story.
Also many Thai businesses will not make anywhere near enough money to keep a farang in a holiday like lifestyle which is what many of them expect, a holiday style lifestyle in Pattaya is going to cost 100,000 to 200,000baht per month, get a job as a TEFLer and your most likely get 20k baht per month, most farangs can't live on that.
I have a lot of experience in business.Owned three in the U.S.All three did well.I don't live the holiday lifestyle to which you speak.This little thing we are going to do is mainly for her.She's smart and knows about business.For me,it's fun.But at the same time we both take the endeavor seriously.But that makes it fun too.I like to hear from you guys that have been in Thailand a long time.I am very interested in what you say.At the end of the day I will succeed or fail by the decisions that I make.I have proven many people wrong about the outcomes that would befall me.Not 100% sure,but I would bet we do good.
Dunno, Rayong is in the wilds of nowhere with a very small customer base, how often will each customer come back, say once per month, going to need lots of them to make some money, I have a place in Jomtien not doing anything, at this stage I wouldn't bother struggling to set up a business using the building for something that isn't going to make a lot regardless of how many hours each day are put in, shall wait till the tourists start coming back and the Thai economy picks up again
Yes,Rayong is not a big tourist destination.But it's an interesting place.We do have an expat community here that will be supportive of this.Also my wife knows this place and these people.She knows what will work here and what wont work.Again,we are going to cover three bases with this thing.7/11 kind of store,cafe,bar.Your going to able to get a great burger and other longed for forang food.Plus Thai food as well.Your going to be able to get good bourbon and good scotch by the drink.The quality of everything is going to be tops.I'm going to see to that.This is not going to be big.Just good.Buy the way DD what kind of place do you have in Jomitien.If it's a place where you can have beer,would like to check it out.Was thinking of coming up to north Pattaya and go to Leo's Blues Bar when I get back.Heard the live sound there was good.
It's just a shop house, we used to use it for fabrication then we got a real big building to use, now we just live in this one for now as the rent is so cheap, but a cheap rent doesn't actually justify opening a business hereOriginally Posted by scrapmetalband
what type of fabrication?
Steel works, furniture, whatever was wanted.
One of my businesses,the last one,was steel fab.Wasn't a real large business but I did very well with it.Still have it just not doing anything with it right now.Did a lot of custom ornamental work.High end interior and exterior.Is your shop operating now?
No, we stopped when the recession started, not willing to compete with people that are willing to work on so low profit margins.
Understand completely.The friend that I have in Rayong and his wife, after looking at pictures of my work,said that I should consider contracting work for the resorts going up in Thailand.Mainly his wife,she's Thai.I don't know enough about that level of business in Thailand.Did a lot of work for cuctom home builders and construction companys in Colorado.Very reluctant to get into that here.Mainly because of my inexperience in Thailand.Have been advised by other business men in Thailand not to get into anything big now.After learning more and more about the unstable conditions,I think it's wise.What do you think of this?
In boom times anybody can make money in Thailand, even now it's not that hard, but it's a lot of work to train staff, keep those staff, and make sure they actually keep working, at least during boom periods it doesn't matter so much if your profit margins go down a bit due to slow workers or redoing things as there is just so much work out there.
DD, do you still have any of your metal fab equipment ??
^only 1 of each of the main things now, ie welder, cut off wheel, spray equipment etc, just for personal projects.
Thanks but the link takes you nowhere. Say you never mentioned properties in Hua Hin.Originally Posted by khun Per
Just tested it from the post, it works Okay at my PC and opens the GustHouse homepage "The Thai / Swedish Beach Hotel..." (seems now to be a beach hotel + annex, one of the original gusethouses). The adress is: thipurai.com
At the buttom of the page are the links for the other Thipurai activites (city hotel, golf center, tailor, proporties).
I did end the little story with: "Later I learned, that also the golfcenter must have been succesfull, as a fairly large project with villas for sale, had the same name - so did also tailor shops and real estate agent."
I know the story from the owner, an elder Swede, who also let his Mercedes (with chauffeur) and next day big Volvo show us around in the Hua Hin area. I can only refer to my source, who appeared to be very honest and indeed the owner of the 2 gusthouses. Some years later a friend of mine, who were interested in buying a house in Hua Hin, met him on my recommadation and was showed the property project.
And I do know of more farang success stories - not all end up broke, with a "Bar for Sale" sign or an ex. GF/wife as sole-owner of their former business - however, seems like we hear more obout the bad ones.
I think people are only trying to help mate as so many seem to enter thailand with their heads in the clouds and end up emptying their hard earned wonga one way or another ,, ( not insinuating you are ) but you know what I mean.
Any way whatever you decide good luck mate ,, keep us posted and we will def give you a look if were on our way down to Ban Phe to get the boat to Koh Samet some time
I'm proud of my 38" waist , also proud I have never done drugs
He's basically saying don't trust any Thai and don't trust your missus with the money.Originally Posted by scrapmetalband
That's how it starts...Originally Posted by scrapmetalband
Yes it seems that there are many that have had bad experiences with Thai's and Thai wife's,in a lot of ways,not just money.If I tell you that My wife is one of the most honest person I've ever known,you'll say,Oh no not another one.The fact is,she is,BUT,I allways keep control of the money when it comes to important ventures.Allways.I think I lucked up getting this one.I have been around the block about 2000 times and I know things about people.My life depends on it,being where I'm at and what I do now.Thanks though,It 's just that I have a protection devise that's in me when it comes to important matters.It keeps me from making costly mistakes.Or,if costly mistakes are made,I am the one that made them.I'm pretty good at not making them.
First,thanks to everyone.When I get this place up and going and I like what I see,then I will post where it is in Rayong.Might take a month or so.If you haven't been to Christy's in Ban Phe,you might want to check it out.It's right across the street from the ferry.I like stoping there when we go to Koh Samet.Jimmy,the owner is from San Fran I believe.Been in Thailand 10 or 12 years I think.Been in business here about that long.He's doing good.Has good advise too.
[QUOTE="scrapmetalband"]Christy's in Ban Phe[/QUOTE
If its the one opposite the pier that runs around the corner I have been a few times to eat ,,,,,,yes all good
[quote=nigelandjan;1632015]Yes,thats it.Originally Posted by scrapmetalband
And if you're ever in Christie's - don't call him 'Jimmy'.
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