I definitely agree regarding the $700 "support". It raised red flags for me as well since your average country girl earning $200-300 in the city can support herself and still manage to send money back to mom in the countryside... I know a few expats who can easily live off $700.AE86 wrote: ↑Tue Apr 18, 2017 1:48 pmYou're correct in saying people can make it here, and I'm not saying people don't make money, but from my personal point of view the OP's friend didn't seem to have a good sense for money or business, which is why I was being a bit cautionary towards him. $700 to "support" a family is an instant red flag. That is a lot of money being siphoned off already, and with the talk of $1,000 a month dreams it makes me think they and the Khmer family have no experience with business whatsoever.
For every $100 a day coffee seller, there are hundreds if not thousands that give it a try and go out of business. I know because our family is who sells them the startup furnishings, and I'd say 80-90% of the sellers we furnish have already closed doors in the first 6 months. Okay, I know it's not a tuk tuk coffee stand, but the same idea applies. Everyone wants more money, and the more startup opportunities one has (like buy a tuk tuk), the less chance they'll have of succeeding because of supply and demand. The reason you don't hear about them is because...well, they're not in business and you're not buying from them.
Re: Next big thing: I actually don't like the idea of the "next big thing" and I despise the likes of Elon Musk, because to be that kind of ultra rich emperor you have to be ruthless and amoral in your dealings with people, it's just a fact of capitalism and how it works. I'm happy to make a good living while providing a product I know is good, even if my customers don't understand the benefits of higher quality and I make less money doing so.
However here I'll try and take a positive tone though (as I am a pessimist by nature). It is absolutely possible to make it with a small business here, and in many ways I like doing business in SE Asia vs. the U.S. because of lax regulations. Freedom is the engine of innovation. I just wanted to say that 9 out of 10 people I've seen start a business here have failed, so you really have to be diligent and keep at it if you want to stay in business.
The right way to approach it would be to compare it to a minimum wage job and how much work you have to put into it.
$120 a month is a basic non thinking salary. If you double that while having a small stand of something where you can leave it when you want to take a nap or break, then you're doing great.
P.S. Btw how you doing Bitte_Kein? I still feel bad when we had coffee together and I was dealing with a massive financial issue and was in a super cross mood. Can't have been a good first impression, haha.
I also do agree that failure is much more likely if he ans she have zero experience. 9 out of 10 businesses fail no matter where you are, probably even higher percentage in Cambodia. However, if it clears his mind he might as well help set up a small business which keeps her afloat. Might very well end up way cheaper than the $700/month...
I'm fine. No worries, you didn't make a bad impression or anything though I do remember we mostly just bitched, haha.