Originally Posted by
David48atTD
Originally Posted by
jamescollister
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My latest is charcoal making, have free wood from our rubber plantations, good day, can earn 300 Baht for my labor.
Question, is it worth the effort, for me it's just something to fill in the days when things are slow, which is most of the time.
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Jim, if you didn't get free wood from your plantation and had to buy it in, would you still turn a profit?
That's when you start needing a business plan. all the small Thai, make a Baht here and there stops.
Once you step over the subsistence farming line, you become a business, all the regulations, taxes, permits come into play.
For me it is a possibility as I own a factory and industrial zoned land, but for a start from scratch, you would need to be going big, meaning big investment of money.
Anyone interested in going into the charcoal making business, have a look at charcoal bricketts from coconut shells.
Some years ago, I was almost at the point of ordering the machines, but cataracts and rubber prices put a stop to that.