Should I Take The Risk ???

[wefearourdespot]

Remember: "In the land of the blind the one eyed man is king".

Unless the blind made the rules in a way to ensure the one eyed man's ruin.

[Lorenzo]

Now i plan not to rush the move there but i need to open some kind of bussiness there I THOUGHT

Forget it, Thailand is no place to make money. You need to arrive well cushioned and risk only 10 - 20% of your wadd if you want to have a chance.

[Lancelot]

You were in the Legion?

Bloody awful movie...

Admire that Anglo-Saxon wit

[nigelandjan]

Although judging by your posts ..... you are very good at both!!!

555555555555+

[khun Per]

A car wash business ... they don't make a lot a cash in the UK so how could it be good in Thailand ... If i sold stuff i would make a web-site wish i can do in a few hours work

Because it is Thailand and not Europe.

Thinking of investing in a business in Thailand, you shall first of all invest in the book: "How to Establiah a Successful Business in Thailand" by Philip Wylie (2007 Paiboon, ISBN 1-887521-75-8). There you will find most of the needed information.

You can own 49% of a business as a limited company (Co. Ltd.) and control it thru prefered shares. You will need minimum 2,000,000 baht capital, if you are going to have a work permit - do not work in your own business, without a work permit.

A business in Thailand is a risk - as everywehere else - so you shall be able to carry a loos of the 2 mio. in case you fail or something goes wrong. Most important, do research and find a niche - and be prepared to hard work.

Opening a website and make money or a living from, may be even more difficult, than opening a Thai business. You will need to generate the trafic and anything less than 20,000 unique monthly visitors may not generate any income more than the Server costs. And again, do your homework - research - so your website is not like opening yet another farang owned bar in Thailand. Furthermore it may very well be a lot more than a few hours work (I am in the web-business myself).

And saying that, I have to mention, that I do know of very succesfull foreigners opening a business in Thailand - even making good money on a bar or a restaurant - but it requieres something special, like anywhere else, and some hard work.

Jai yen yen - meaning, take it easy or take your time. If you can have a 12 mth Non-emmigrant visa, then look around before you decide anything - even a permanent move out from UK. What may be good business in Bangkok may not work at Phuket vv. Also, your cost of living may be quite different from one place to another - fx. cheap up at Isaan, but with quite limited business opportunities - and depending of your life style. So again, do you "home work".

And yes, I do understand you wish to move out. I did it myself - I'm from Europe, but not UK - and that is why, there are so many expats living in LoS.

I wish you good luck with your plans.

[Tubtaywun]

^ essential reading .. good post .. it was that book and my own experience that made me decide not to have a business in Thailand .... yet.

I have to close my business in Ireland and I would really like to move to thailand full time.

I have a wife and 2 kids , they went to stay there last july...I have seen them 3 times since. I miss them terrible and all I want to do is stay with them. My boy is 3 years old ... he is my first and I am missing him growing up.

BUT

I had to weigh up being with them ...against... a future for them and although i might have risked a business there if it was just me and the wife when it came to the kids I could not find any sure way that i would not be pennyless as they grew up.

I will be setting up in another european country and visit them as much as possible and maybe I can slowly make a transition .....but it will take years.

Lots of westerners make small businesses in Thailand but you will probably find they have some kind of second income, pension etc.

If you are going to do it do it with your eyes wide open, do not burn your bridges, have a way out if the business fails and do not invest all you have got. Then at worst you will loose a little bit of money, have an extended holiday and have gained a load of experience.

[blue]

acudlip
Which European country are you thinking about relocating to ?

[Tubtaywun]

Blue...Antwerp, Belgium.

I have been dealing in antiques and interior pieces for 20 years. Chandeliers would be one of my main products and a lot of other countries go to Belgium to buy them there. I pay 1000euro a week rent for a shop and 200euro a week for a large shed in Ireland. I can get a warehouse in Belgium for about 250 a week. Asian countries have started to buy european antiques so there may be an opportunity in the future.

Any new business has risk attached but i fancy my chances a whole lot better in europe than Thailand.

[DISCOMAN]

^ essential reading .. good post .. it was that book and my own experience that made me decide not to have a business in Thailand .... yet.

I have to close my business in Ireland and I would really like to move to thailand full time.

I have a wife and 2 kids , they went to stay there last july...I have seen them 3 times since. I miss them terrible and all I want to do is stay with them. My boy is 3 years old ... he is my first and I am missing him growing up.

BUT

I had to weigh up being with them ...against... a future for them and although i might have risked a business there if it was just me and the wife when it came to the kids I could not find any sure way that i would not be pennyless as they grew up.

I will be setting up in another european country and visit them as much as possible and maybe I can slowly make a transition .....but it will take years.

Lots of westerners make small businesses in Thailand but you will probably find they have some kind of second income, pension etc.

If you are going to do it do it with your eyes wide open, do not burn your bridges, have a way out if the business fails and do not invest all you have got. Then at worst you will loose a little bit of money, have an extended holiday and have gained a load of experience.

Oh i don't plan to rush and keeping my eyes wide open is a must in LIFE Anywhere in the world. i plan to get my fingers in a few pies here in the UK & a few in Thailand i know i will be selling Mauy Thai Gear in the UK / & OUTSIDE Thailand as the gear is so cheap there and the best gear, Maybe build a small training camp as many people travel to thailand for training .. So that will make a few baht and i will just find a few pies when over there as i am going to stay for about 12 months to see what can be done out there. Maybe open a small business here to give me a cash flow,, I love thailand as i can find peace there and close to okinawa to go and train there also....

[Tubtaywun]

^Sounds like a good plan...always good when you can make some money from your travels

There are loads of products from Thailand can be sold for a lot more outside especially if you buy direct from the manufacturer. If we could get rid of the 80% import duty for most goods going into Thailand it would open up a load of opportunities

Where do you think you could set up the training camp?

I love thailand as i can find peace there

I can certainly agree with you there. I never suffer from depression... but I have it heavy for a full two weeks when I return from there. It takes me at least that long to re-adjust from the simple life back to the busy life.

[gmailer]

I thought it was deemed too much of a risk? Or had you forgotten that?

[Tubtaywun]

^I have given my opinion but eveyone is different. It is too much of a risk for me to take but he seems to have his mind made up and if he can get some exporting going maybe he could have a chance. Although if it was me I would start to build it up by importing the products into the uk first and see how it goes then if it was doing well consider moving over and supplying a customer base that is already set up and a turnover already established.

[DISCOMAN]

The Mauy Thai Gear sells very well outside Thailand at very High prices so if i sell a little cheaper then the rest i am on a winner last time came back with cheap liverpool tops sold at £40.00 each ( COPYS to Scousers ) Now thats rude business lol... I think i would open little camp in chaing Mai

[KOBRIEN]

Why would a scouser pay £40.00 for a fake when he can buy the original for the same amount.The tags are normally the give away.

Chiang Mai already has a decent Muay Thai gym,In fact they have three that I
have seen.

If you can teach better Muay Thai than the guys who have lived the sport
more power to you.

[alwarner]

anyone want to buy these magic beans?

[DISCOMAN]

Liverpool tops are more then £40.00 pounds and having a Mauy Thai Gym would make some cash as it will not be just muay thai Karate / wing chun are the arts i know. I never said i can teach better muay thai i like it as a sport i don't really rate it a being that good for street combat i would find some good teacher to teach muay thai there and my the karate and wing chun

[blue]

wing chun now there's a lovely style,
here's the best internet lessons i've seen
about 50 short videos , a bit mixed up in order
but the sifu , Jin Young really explains it well


https://www.youtube.com/user/chinaboxer#g/p

[KOBRIEN]

Well they are selling them at the club shop for £42 and cheaper in some sports shops.
As regards to your teachings ,Who cares,People are coming to Thailand to
learn Muay Thai.If a punter coming back off his trip tried to explain that he had
the opportunity to learn Muay Thai from a Thai Teacher but instead opted to learn Wing Chun from some farang who is based in England but is out here trying to earn a buck...



I think maybe you should start a story telling class !

[DISCOMAN]

Well they are selling them at the club shop for £42 and cheaper in some sports shops.
As regards to your teachings ,Who cares,People are coming to Thailand to
learn Muay Thai.If a punter coming back off his trip tried to explain that he had
the opportunity to learn Muay Thai from a Thai Teacher but instead opted to learn Wing Chun from some farang who is based in England but is out here trying to earn a buck...



I think maybe you should start a story telling class !

There are many people who travel to Thailand for other martial arts Nam Yang runs one in thailand they are in the UK people from the I.O.G.K.F., Go to thailand to train it not just muay thai that people want in thailand and wing chun is one the biggest system in the world along with karate .. and there will be muay thai training from a thai teacher there too ... so where is the story telling ????

[DISCOMAN]

wing chun now there's a lovely style,
here's the best internet lessons i've seen
about 50 short videos , a bit mixed up in order
but the sifu , Jin Young really explains it well


https://www.youtube.com/user/chinaboxer#g/p

Not bad a little away from pure forms but ok vids everybody wing chun is not the same check out www.masterwong.tv he is very good and funny too and many online lessons ...

[sabang]

It is too much of a risk for me to take but he seems to have his mind made up

And, to put it in my terms, you're both 'right'.

Thing about these 'what should I do' threads is the punter has mostly already made his mind up anyway. He's just looking for pros & cons, or maybe reinforcement. If it's money making ideas yer want, I'm afraid they are pretty short on the ground in Thailand. Although i know a few that have done well rather here too.

[DISCOMAN]

It is too much of a risk for me to take but he seems to have his mind made up

And, to put it in my terms, you're both 'right'.

Thing about these 'what should I do' threads is the punter has mostly already made his mind up anyway. He's just looking for pros & cons, or maybe reinforcement. If it's money making ideas yer want, I'm afraid they are pretty short on the ground in Thailand. Although i know a few that have done well rather here too.

I am not planning on getting rich there just make a few baht to support myself and maybe my friend + save a few baht as we might get together .. she is too shy to show her real feelings and i am too careful when it comes to thai females ... just make cash to support me / us we are not into the high living

If i had 100 baht for every thai girl that told me she loves me a be rich over there

[KOBRIEN]

I dont think you know what you want,Your plan seems to change everyday on this thread.I hope you decide on something and make it work

[DISCOMAN]

I dont think you know what you want,Your plan seems to change everyday on this thread.I hope you decide on something and make it work

HOW have my plans changed ???

[isanmick]

Have you changed hands yet ? you seem to be having a great flog.