How My Wife and I Launched Our Own Start-Up in Cambodia, While Teaching English

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Phnom Poon
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Re: How My Wife and I Launched Our Own Start-Up in Cambodia, While Teaching English

Post by Phnom Poon » Fri Jul 19, 2019 2:00 pm

Kung-fu Hillbilly wrote:
Fri Jul 19, 2019 1:34 pm
Because it gives those who might be considering doing the same an example of how it's done.
Or not

.

monstra mihi bona!
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sigmoid
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Re: How My Wife and I Launched Our Own Start-Up in Cambodia, While Teaching English

Post by sigmoid » Fri Jul 19, 2019 2:11 pm

angkorjohn2 wrote:
Fri Jul 19, 2019 1:09 pm
andy_morris wrote:
Fri Jul 19, 2019 1:09 am
What's the name of the place? I've lived in that part of town for years and don't recognise it at all.
it's called Atlanta's Edge - trip advisor says it is closed https://www.tripadvisor.com/Restaurant_ ... _Penh.html

it has two reviews from 2015 and his article was 2016 my guess it lasted a year or less despite some favourable coverage
https://www.phnompenhpost.com/new-space ... nt-talking

- a better organizer than businessman
Unfortunately, this seems to happen quite often with these small restaurants around the region. A lot of effort is put into opening them, they start off well, but then for some reason, probably a combination of them, the momentum is lost, regular customers stop returning, people see the place is empty and give it a miss, then the death spiral begins.

Anyway, for any start-up, you're supposed to do a heck of a lot of market research and develop a five-year plan.

Somehow, I get the feeling that this where things may have started to go wrong:

"If my memory serves me well, the last major purchase was the sound and video equipment. Thanks to Youtube and a detailed DIY video, I was able to hire a welder to build me a frame for a portable projector screen and have a picture shop create the white backdrop with a wooden frame. My friend, Matt, now in Texas, did me a huge favor by bringing me new projector which I purchased during Cyber Monday, thanks Matt. Finally, there was the sound board, speakers, mics, and other audio equipment to make sure that the place had high quality sound for the presentations, music, and documentaries. I’ve always enjoyed critiquing events, and quality sound is certainly one of those things that I feel should be at the top of the list, as far as the technical preparations. All in all, I believe we spent around $1,000 on the sound and video equipment."
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cptrelentless
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Re: How My Wife and I Launched Our Own Start-Up in Cambodia, While Teaching English

Post by cptrelentless » Fri Jul 19, 2019 5:44 pm

sigmoid wrote:
Fri Jul 19, 2019 2:11 pm
angkorjohn2 wrote:
Fri Jul 19, 2019 1:09 pm
andy_morris wrote:
Fri Jul 19, 2019 1:09 am
What's the name of the place? I've lived in that part of town for years and don't recognise it at all.
it's called Atlanta's Edge - trip advisor says it is closed https://www.tripadvisor.com/Restaurant_ ... _Penh.html

it has two reviews from 2015 and his article was 2016 my guess it lasted a year or less despite some favourable coverage
https://www.phnompenhpost.com/new-space ... nt-talking

- a better organizer than businessman
Unfortunately, this seems to happen quite often with these small restaurants around the region. A lot of effort is put into opening them, they start off well, but then for some reason, probably a combination of them, the momentum is lost, regular customers stop returning, people see the place is empty and give it a miss, then the death spiral begins.
90% of all restaurants fail no matter which country you're in. Bourdain said in his book it was a great way to lose money. Even the pros go down, like Jamie fat tongue Oliver.
Yerg
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Re: How My Wife and I Launched Our Own Start-Up in Cambodia, While Teaching English

Post by Yerg » Sat Jul 20, 2019 1:07 am

cptrelentless wrote:
Fri Jul 19, 2019 5:44 pm
sigmoid wrote:
Fri Jul 19, 2019 2:11 pm
angkorjohn2 wrote:
Fri Jul 19, 2019 1:09 pm
andy_morris wrote:
Fri Jul 19, 2019 1:09 am
What's the name of the place? I've lived in that part of town for years and don't recognise it at all.
it's called Atlanta's Edge - trip advisor says it is closed https://www.tripadvisor.com/Restaurant_ ... _Penh.html

it has two reviews from 2015 and his article was 2016 my guess it lasted a year or less despite some favourable coverage
https://www.phnompenhpost.com/new-space ... nt-talking

- a better organizer than businessman
Unfortunately, this seems to happen quite often with these small restaurants around the region. A lot of effort is put into opening them, they start off well, but then for some reason, probably a combination of them, the momentum is lost, regular customers stop returning, people see the place is empty and give it a miss, then the death spiral begins.
90% of all restaurants fail no matter which country you're in. Bourdain said in his book it was a great way to lose money. Even the pros go down, like Jamie fat tongue Oliver.
Not forgetting that Bourdain chose his own way out too???
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