So i finally got it!

[jimholio]

So i got this flash idea a while back, and after thinking it over in my head about 300 times i still think its a great idea!

So what im looking for is a ~30m2 shop in central Patong around the touristy areas - Preferably around other shops. Is there any to be found and if so how much can i expect to be paying for it?

Im not looking to take over any interior as everything would need to be custom made.

Also any hints on where to go looking?

[LivinLOS]

I know a thai girl who was looking around before high season.. I will ask her what the rates she was quoted were.. But hold your breath, the outside carts in jungceylon are asking 60k per month. I think anything with space on the tourist foot traffic areas will be mega money.

[jimholio]

Thanks lil, would be very much appreciated.

Oh as in central i dont mean Jungceylon central

I understand that would be very expensive, but atleast it needs to be close where alot of tourists walks. Perhaps along the beach road?

[AJAXIED]

I know of a shop like that on Nanai road in case you are interested. Its next to the Sky Inn and it currently has a pet shop inside but they are leaving soon.

[jimholio]

Originally Posted by AJAXIED

I know of a shop like that on Nanai road in case you are interested. Its next to the Sky Inn and it currently has a pet shop inside but they are leaving soon.

Thanks, but nanai road is not the right location for what i have in mind.

[The Loop]

Just my 2 bobs worth..

Thais are world famous for copying merchandise/other peoples ideas.

If you manage to come up with something different,you will be copied and priced out of existence fairly quickly,IMO.

Extreme caution in signing any lease would be advised.

[jimholio]

This one would be hard to copy, atleast for a Thai

[Mav]

Better not be RTG"s

[Dodger]

Or KBG leathers, as I've only just got my first custom made ones through from shanghai and have yet to get the market research team back with their reports on expected sales levels!!!

Ohhh hope its not, or thats 550 baht down the drain!!

[Mav]

Maybe it's Laser Pens ?

[jimholio]

Mhhmm.. Laser pens.. yes, ill be selling Laser pens, and Rubber dolls, its gonna be huge i tell ya!

[marc26]

but at the age of 25, with id presume not too much saved, how do you expect to build a life and wealth for your lifetime?
as a consensus, small businesses do not do that well in Thailand

are you not worried about your future?

[jimholio]

Originally Posted by marc26

but at the age of 25, with id presume not too much saved, how do you expect to build a life and wealth for your lifetime?
as a consensus, small businesses do not do that well in Thailand

are you not worried about your future?

What has my age got to do with anything?

Would it be better if i worked for someone else for 20'some years first and get a tainted mind with no idea's left?

Nothing is set in stone - If after doing proper research the risc is too big, then i wont do it, simple as that. This is not gambling Paul, im not gonna set up flower shop mate.

[marc26]

Originally Posted by jimholio

What has my age got to do with anything?

Would it be better if i worked for someone else for 20'some years first and get a tainted mind with no idea's left?

Nothing is set in stone - If after doing proper research the risc is too big, then i wont do it, simple as that. This is not gambling Paul, im not gonna set up flower shop mate.

i think age has a lot top do with it
i consider them your prime earning age but it seems to me you are consumed with living in thailand and may be forgoing opportunities in Sweden that may allow you to build some wealth and have a better base to start a business in the future

i think it is commendable to try and start a business but with the rate that businesses fail in Thailand and the fact you dont have money to fall back on does not see to be a smart move

[jimholio]

Originally Posted by marc26

i think age has a lot top do with it
i consider them your prime earning age but it seems to me you are consumed with living in thailand and may be forgoing opportunities in Sweden that may allow you to build some wealth and have a better base to start a business in the future

i think it is commendable to try and start a business but with the rate that businesses fail in Thailand and the fact you dont have money to fall back on does not see to be a smart move

Hope i get the opportunity to prove you wrong.

[marc26]

Originally Posted by jimholio

Hope i get the opportunity to prove you wrong.

me too Jim
please do not think i wish you anything but success
i honestly wish you all the luck in the world, just playing devil's advocate

[ub2yoo]

Originally Posted by marc26

i think age has a lot top do with it
i consider them your prime earning age but it seems to me you are consumed with living in thailand and may be forgoing opportunities in Sweden that may allow you to build some wealth and have a better base to start a business in the future

i think it is commendable to try and start a business but with the rate that businesses fail in Thailand and the fact you dont have money to fall back on does not see to be a smart move

I somewhat disagree with this. Without knowing more about the business opportunity, the businessplan, the
personality and motivation of Jimholio, your comments are to generic. If someone's has it all on board what it
takes to be a entrepreneur (hey, got that one spelled correct at first attempt:-)), than age 25 is perfect to
convert your ideas into actions. Phuket is worldwide a well known and top holiday destination, guess a lot is
possible with the right local knowledge in perspective.

I totally agree with you it's a different story for people who just want to get there and open a bar without having
a special idea, or fall in love and want to live there no matter what it takes, i.e. min. teacher salary etc.

Think about that, if all the successful business owners wouldn't have taken the risk to start their own business at
young age, they probably still would work for someone else.

I would say, if Jimh. has done his homework a 100%, researched well and has setup a good businessplan I have a
ton of respect of the courage it takes to make it happen!

[LivinLOS]

Originally Posted by ub2yoo

I somewhat disagree with this. Without knowing more about the business opportunity, the businessplan, the
personality and motivation of Jimholio, your comments are to generic. If someone's has it all on board what it
takes to be a entrepreneur (hey, got that one spelled correct at first attempt:-)), than age 25 is perfect to
convert your ideas into actions. Phuket is worldwide a well known and top holiday destination, guess a lot is
possible with the right local knowledge in perspective.

I totally agree with you it's a different story for people who just want to get there and open a bar without having
a special idea, or fall in love and want to live there no matter what it takes, i.e. min. teacher salary etc.

Think about that, if all the successful business owners wouldn't have taken the risk to start their own business at
young age, they probably still would work for someone else.

I would say, if Jimh. has done his homework a 100%, researched well and has setup a good businessplan I have a
ton of respect of the courage it takes to make it happen!

If you have it all on board to be a successful entrepreneur, then why waste that here ?? You will be a millionaire elsewhere before you have saved the next round of key money here.

I sort of agree with Marc, make money outside of Thailand, then by all means have a pin money business here, but very very few people get rich here, at best they break even and afford thier lifestyle, why play those odds when theres better odds elsewhere. The whole system is set up that the local landowners will keep raising rates at the absolute maximum threshold the business can bear, so they make the profit off your hard work.

At Jims age there is the very real issue of saving for later life, putting something away for pensions and things like that.. Boring yes but essential to have any kind of freedoms later.

[ub2yoo]

Originally Posted by LivinLOS

If you have it all on board to be a successful entrepreneur, then why waste that here ?? You will be a millionaire elsewhere before you have saved the next round of key money here.

I sort of agree with Marc, make money outside of Thailand, then by all means have a pin money business here, but very very few people get rich here, at best they break even and afford thier lifestyle, why play those odds when theres better odds elsewhere. The whole system is set up that the local landowners will keep raising rates at the absolute maximum threshold the business can bear, so they make the profit off your hard work.

At Jims age there is the very real issue of saving for later life, putting something away for pensions and things like that.. Boring yes but essential to have any kind of freedoms later.

Some very good points, too, especially the first sentence. You got me sitting on the fence now.

[The Loop]

Originally Posted by LivinLOS

If you have it all on board to be a successful entrepreneur, then why waste that here ?? You will be a millionaire elsewhere before you have saved the next round of key money here.

I sort of agree with Marc, make money outside of Thailand, then by all means have a pin money business here, but very very few people get rich here, at best they break even and afford thier lifestyle, why play those odds when theres better odds elsewhere. The whole system is set up that the local landowners will keep raising rates at the absolute maximum threshold the business can bear, so they make the profit off your hard work.

At Jims age there is the very real issue of saving for later life, putting something away for pensions and things like that.. Boring yes but essential to have any kind of freedoms later.

Agree with you 100%.

It all comes back to ...Only invest in LOS what you are willing to lose!

[JayBee]

Originally Posted by marc26

but at the age of 25, with id presume not too much saved, how do you expect to build a life and wealth for your lifetime?
as a consensus, small businesses do not do that well in Thailand

are you not worried about your future?

The best advice I ever got was from my ex-father-in-law. I was a young, semi-unemployed musician, mostly living off my wife's income as a teacher. The wife wanted to take a few months off to travel Central America, and I was worried about going in the hole to do it. My ex-FIL said, don't worry, let me lend you the money, pay me back when you can afford to, no worries. Then he said, "When you are young, that is the time to enjoy life, live it to the fullest, and get the most enjoyment out of it that you can. Because it doesn't get any better when you are older, and can never be quite as sweet." Then he looked me straight in the eye, and with the voice of experience and of wisdom gained along the way, he wistfully said, "Trust me. I know."

We took the trip for 3 months on borrowed funds, had a fabulous time, and it was the time of my life. And here I am years later, holed up in LOS with a 27-yr old Thai girl, nice-looking(in my mind, the Thai Angelina Jolie), great body, and enjoying life pretty well, all things considered. It's not bad at all, I'll take it gladly, but just the same it was that much sweeter when I was holed up in Guatemala with his daughter, because my father-in-law was right.

The time to enjoy your life is when you are young. Later, make do as best you can. Don't be an idiot, of course, use a little judgment and common sense, but don't bother yourself with worries until you hit 30. Then you still have loads of time to get serious about the future, work your ass off, make oodles of money, and live a boring life.

And it is also the time to take risks. Once you are saddled with kids, mortgages, responsibilities, investments, a lifestyle to maintain, and umpteen payments due monthly, it is not easy or appropriate to take on much risk. Do it while you're young.

[LivinLOS]

Originally Posted by JayBee

And here I am years later, holed up in LOS with a 27-yr old Thai girl, nice-looking(in my mind, the Thai Angelina Jolie), great body, and enjoying life pretty well, all things considered. It's not bad at all, I'll take it gladly

I actually saw your lack of posts and check the profile yesterday.. Wondered if you had a stealth mission going on..

As to your advice.. Again yes and no.. I just know I wouldnt try to make one baht here.. Thailand is for spending money.

[Geir]

I think its worth a try as long as you dont burn any bridges. Like LiL say, dont expect to make much money. But its possible to make a decent salary if you work hard and dont drink yourself to death
As for running a bar, yes you can make a living, but I wouldn't say its for everyone..........I'm getting a bit tired of it myself after 3 years and are thinking of doing other things..........
Anyway, if you dont loose a lot by leaving Sweden for a year or so, give it a try.

Geir