Business Partner Wanted
Re: Business Partner Wanted
Hi there,soup wrote: ↑Mon Feb 19, 2018 4:29 am Most bar/hotel owners struggle under a load of market saturation and regret their investment choices.
In the 7 months that I have lived here, I have met many business owners, 'living the dream'....just by sitting down in a bar and chatting with people. I'm going to suggest you do the same.
This way, we forum readers don't have to wade through the futility of your posts and responses to posts.
There are opportunities out there, and I could tell you where that opportunity is, but I'm not going to violate anyone's privacy to do so.
Personally, and don't take this personally, you don't sound like you would be an enjoyable business partner, and that would only lead to problems.
Best of luck.
Thanks for your feedback. Just for the record you don't have to read this thread, you do so by your own free will. If you are not interested simply don't read it.
Re: Business Partner Wanted
Yes, I am not the 9-5 guy. Never have been. I am prepared to work as hard as I possibly can at any hour of the day in order to be successful. That might involve some late nights and could mean that my partner has to work alone while I sleep. Anyone reasonable business partner would not only accept that but embrace it.kiwiincambodia wrote: ↑Mon Feb 19, 2018 6:21 am Can any perspective partner expect you to be posting online all night so they have to do all the work during the day while you sleep?
Thanks for your comments.
- Kung-fu Hillbilly
- Expatriate
- Posts: 4156
- Joined: Sat May 17, 2014 11:26 am
- Reputation: 4968
- Location: Behind you.
Re: Business Partner Wanted
Same AJ?
-
- Expatriate
- Posts: 4267
- Joined: Mon May 19, 2014 1:06 pm
- Reputation: 471
Re: Business Partner Wanted
Is this supposed to be a 50/50 partnership?aj21 wrote:Yes, I am not the 9-5 guy. Never have been. I am prepared to work as hard as I possibly can at any hour of the day in order to be successful. That might involve some late nights and could mean that my partner has to work alone while I sleep. Anyone reasonable business partner would not only accept that but embrace it.kiwiincambodia wrote: ↑Mon Feb 19, 2018 6:21 am Can any perspective partner expect you to be posting online all night so they have to do all the work during the day while you sleep?
Thanks for your comments.
Sounds like you’re looking for someone to do all the work while you spend the profits and “live the dream”
What if I invest in your business and go out drinking all night to celebrate a job well done? Will you work by yourself while I sleep off my hangover? Or is only the partner expected to work alone?
- Jerry Atrick
- Expatriate
- Posts: 5440
- Joined: Sat May 17, 2014 4:19 pm
- Reputation: 3052
Re: Business Partner Wanted
Moto rental is a nice residual income for somebody who has a brother in law that needs a job and is not totally corrupt.
But most rent for $50 per month, rather than $5 a day on daily rate, so you need way too many bikes for it to become worthwhile.
If you have 30k, you should invest in assets and commodities for a return of 10-25% P.A, and go teach English in your spate time.
But most rent for $50 per month, rather than $5 a day on daily rate, so you need way too many bikes for it to become worthwhile.
If you have 30k, you should invest in assets and commodities for a return of 10-25% P.A, and go teach English in your spate time.
Re: Business Partner Wanted
I was a consultant working for a company engaged by the people concerned to do feasibility studies, business plans , source material and land, arrange customs clearance for imports, export documentation for agricultural produce, company creation and so on. This is the question I was expecting the OP to askbangkokhooker wrote: ↑Mon Feb 19, 2018 8:38 am May I ask pczz was your role was/is in setting up these businesses?
Last edited by pczz on Mon Feb 19, 2018 12:56 pm, edited 1 time in total.
-
- Expatriate
- Posts: 1094
- Joined: Mon Sep 04, 2017 3:14 pm
- Reputation: 108
Re: Business Partner Wanted
Sounds well good.pczz wrote: ↑Mon Feb 19, 2018 12:54 pmI was a consultant working for a company engaged by the people concerned to do feasibility studies, businessplans , source material and land, arrange customs clearance for imports, export documentation for agricultural produce, company creation and so on.bangkokhooker wrote: ↑Mon Feb 19, 2018 8:38 am May I ask pczz was your role was/is in setting up these businesses?
How are The businesses doing now, especially the 500k one?
- simon43
- Expatriate
- Posts: 347
- Joined: Fri Aug 11, 2017 3:52 pm
- Reputation: 246
- Location: Luang Prabang, Laos
- Contact:
Re: Business Partner Wanted
I'm interested to read it, because you sound like a textbook example of the type of business partner one wouldn't wish on one's worst enemyJust for the record you don't have to read this thread, you do so by your own free will. If you are not interested simply don't read it.
- frank lee bent
- Expatriate
- Posts: 11330
- Joined: Sat May 17, 2014 4:10 am
- Reputation: 2094
Re: Business Partner Wanted
speaking generally and not directed at any particular poster: please do not troll the OP
Re: Business Partner Wanted
Hi pczz,pczz wrote: ↑Mon Feb 19, 2018 8:07 amI am sorry you have taken exception to my comments which were not criticism of your proposals, but a reality check.aj21 wrote: ↑Mon Feb 19, 2018 1:26 amI haven't received a pm from you so I'm going to assume that you are more keyboard warrior than serious business partner. Keyboard warrior is a very easy job, you can write whatever you want. Starting a business on the other hand is hard and time consuming. Consequently, I just don't have time to continue this discussion with you. Have a good day.pczz wrote: ↑Mon Feb 19, 2018 12:56 amhttps://www.businessesforsale.com/searc ... n-cambodia
You said 30k to 50k each. That is only 100k. Successful bars go for 60k up. Guest houses and small hotels are more. And refurbing even 20 rooms is going to cost between $1000 and $2000 a room. Leases are generally no more than 3 years snd rents rise up to 25% a year. Last decent sized guesthouse i saw that was profitable in a good area was 7k a month rent. Realistically you need to scale down or up the investment. Not a criticism.
For those who might be interested in a private discussion please ignore pczz. He has no knowledge of any of the opportunities I'm currently pursuing, not to mention too much time on his hands! This is a genuine opportunity for someone to make a go of it in Phnom Penh and live the dream. I accept that it might not be for everyone, I even accept that I might not find a suitable partner. That's OK, but I am willing to have productive conversations with anyone who has an interest in what I'm trying to achieve.
Thanks all.
You have been in Cambodia 10 months. I have been here 8 years and have worked with foreign entrepreneurs attempting to start businesses with $500,000 budgets including new boutique hotels, dairies and Agro business. They all had a good plan, but had not understood the problems foreigners face in starting businesses in Cambodia, which is a long way down the table in the international "ease of doing business" league. Most, if not all, the members of this forum will know at least one person who has had their fingers burned with red tape, unscrupulous landlords and unexpected payments. Some have run and are running successful businesses but the majority of them will tell you that making a profit high enough to enjoy the good life in Cambodia is far from easy, if not damn impossible. As mentioned by another poster the main killer is rents. if you are seen to be successful then the landlord will increase the rent disproportionately. This is not unique to Cambodia but the amounts are staggering from a business perspective because of huge amounts of money being thrown at the country by the Chinese. You are severely undercapitalized for your stated objective of taking on a successful business in a prime area because your proposed budget is insufficient to buy a business like that and deal with the administrative hurdles. I wish you the best of luck.
Thanks for your constructive feedback. I think what you have provided here is an excellent broad outline of some of the challenges and issues business owners face in this market sector as a whole. Any potential business partner should be aware of these issues as I am.
You are right, I did take exception to your previous comments. I felt that you were building a strawman for the sole purpose of knocking it down. When I said I was looking at acquiring an already profitable GH & bar, in a good location for under 100K i meant it, that is a real thing. Refurbing 20 rooms @ 2k ea., 7K monthly rents, 3 year max leases and 25% annual rent increases are not; that is just something you made up.
I am a very realistic person, I know that this is going to be very hard work. I am expecting to have to eat dirt and drink my own tears at times simply to get by. I also know that these ventures will probably never make me an uber-rich man. I don't care about any of that, if I wanted an easy and comfortable life I would just go home, get my old job back and collect a six figure salary. I am here in Phnom Penh to live the dream and I am prepared to do what ever it takes to get there.
So, for those of you who are reading and have a similar way of thinking - send me a message!
-
- Similar Topics
- Replies
- Views
- Last post
-
- 32 Replies
- 6665 Views
-
Last post by PaulZussman
-
- 5 Replies
- 3298 Views
-
Last post by newkidontheblock
-
- 8 Replies
- 2273 Views
-
Last post by Foreigner
-
- 10 Replies
- 1704 Views
-
Last post by Doc67
Who is online
Users browsing this forum: No registered users and 174 guests