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Gents,
Now is a pretty good time to be looking at buying a business in LOS, and I agree that Rossco's idea about a guest house is most sensible.
For every Cocktails and Dreams /Ezy Bar success story there are (I am guessing) 20 failures through not understanding Thai business practices and principles, drinking the profits, falling in love with a wallet robbibg monster etc etc etc.
A guest house is a very good way to earn a living while staying relatively low on the radar: a better way to go. Your input can be high but can remain in the back office which really is what the Thai's want to see: they HATE seeing a falang take a job from a Thai, as an example a neighbor recently got yak-yakked for cutting his own lawn. "Job for Thai man!
Should you go the Guest house route pick your location and market appropriately. HH where I live for example is surrounded by golf courses and Rossco's point again about golf deals makes sense. Also HH is now the prime place for Bangkok Thai's to go on weekends: they see themselves as HiSo and would love western ideals of service and cleanliness in their rooms. Pattaya generally speaking offends them (no offence to Pattaya BM's!)The Pattaya Bay Resort must (or it used to seem that way back when i wuz single) be 60% occupied by BM's from this and other LB forums. So know your market and where you fit in.
Teaching english: I am told now that it is necessary to have a degree of some nature and a teaching certificate of some discription to teach in Thailand.... Can anyone confirm?
Singapore and KL (Malaysia) both have far more employment opportunities and are more open to falang employment. Google the "Straights Times" and "Singapore Expats" for more jobs there. Both are cheap flights to LOS for weekends and both have ladyboy communities if that is the sole motivating factor. Vietnam is probably the hotspot for falang expats to make a buck a the moment, as the economic crisis seems to have bypassed it. They tell me Cambodia is the new cheap hottie for investment, but in honesty I have spent 36 hours in Cambo and that was 33 too many.
Now is a pretty good time to be looking at buying a business in LOS, and I agree that Rossco's idea about a guest house is most sensible.
For every Cocktails and Dreams /Ezy Bar success story there are (I am guessing) 20 failures through not understanding Thai business practices and principles, drinking the profits, falling in love with a wallet robbibg monster etc etc etc.
A guest house is a very good way to earn a living while staying relatively low on the radar: a better way to go. Your input can be high but can remain in the back office which really is what the Thai's want to see: they HATE seeing a falang take a job from a Thai, as an example a neighbor recently got yak-yakked for cutting his own lawn. "Job for Thai man!
Should you go the Guest house route pick your location and market appropriately. HH where I live for example is surrounded by golf courses and Rossco's point again about golf deals makes sense. Also HH is now the prime place for Bangkok Thai's to go on weekends: they see themselves as HiSo and would love western ideals of service and cleanliness in their rooms. Pattaya generally speaking offends them (no offence to Pattaya BM's!)The Pattaya Bay Resort must (or it used to seem that way back when i wuz single) be 60% occupied by BM's from this and other LB forums. So know your market and where you fit in.
Teaching english: I am told now that it is necessary to have a degree of some nature and a teaching certificate of some discription to teach in Thailand.... Can anyone confirm?
Singapore and KL (Malaysia) both have far more employment opportunities and are more open to falang employment. Google the "Straights Times" and "Singapore Expats" for more jobs there. Both are cheap flights to LOS for weekends and both have ladyboy communities if that is the sole motivating factor. Vietnam is probably the hotspot for falang expats to make a buck a the moment, as the economic crisis seems to have bypassed it. They tell me Cambodia is the new cheap hottie for investment, but in honesty I have spent 36 hours in Cambo and that was 33 too many.
Oh yeah it has 2 1/2 years left on lease
TEXASMAC
Wise words.
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