7 Reasons Not to Buy a Business in Cambodia

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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Pu Li » Sat May 19, 2018 1:07 am

Because you aren't Khmer.

You can't speak the language, you don't understand the law, and even with the best advisors, they will sell you out when they get leaned on.

x7, easy.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby GMJS-440 » Sat May 19, 2018 1:42 am

I believe the business consultant, accountant, lawyer and/or advisory types to have a better chance of success in Cambodia. Some of the things pointed out in this article are drivers of that. A good advisor can help you navigate through the shitshow, for a hefty fee of course.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Alexandra » Sat May 19, 2018 6:38 am

gavinmac wrote:Why would admin write or sanction a 7 Reasons article not written by me but with a byline that plays off my username? I’ve got people messaging me asking if I wrote this nonsense. It was probably written by that quail fucker, if not admin himself.


7 reasons not to write on Khmer440
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Petrol Head » Sat May 19, 2018 6:56 am

Dallow Spicer wrote:This is an interesting piece, although I don't agree with everything .

I bought a business from a well-known and much-loved Phnom Penh expat back in 2014 or 2015. It was on online business, aimed firmly at the expat population and it had quickly gathered a reputation as a bit of a place to avoid, but entertaining nonetheless. It had a hardcore following, and an even wider audience of furtive lurkers who read it daily while tut-tutting about it to their friends in BKK1 coffee shops, St 104 bars, in the offices of the expat media outlets (RIP) and around the NGOs in town. I knew all that because I'd been involved as a member before, it seemed like a fun thing to do, and I shelled out a bit of cash for a 60% stake.

It was impossible to know what sort of money the business was making - the previous owner usually just pocketed the meagre advertising revenue for his regular jaunts to ladyboy bars or the dwindling number of bars around town he felt safe to be seen in. He gave me some half-arsed figures which didnt really stack up in practice, but it wasn't a huge investment so I went ahead anyway. His fellow shareholders at the time hadn't seen a penny of income from the site for years. He died shortly after selling the business in mysterious circumstances. The less said about that the better.

It turned out to be a good investment, and a lot of fun. I had to keep one of my minority shareholders under control because he was a loose cannon, but apart from that and the occasional threat of beatings from thick necked football hooligans and half a dozen threatened law suits from sundry fools and philandering law firm partners, it was quite a ride. I pulled in enough new advertising revenue to provide the shareholders with around 250% ROI in income in two and a half years, before selling my stake to some enthusiastic young pup newly arrived on the scene. Nice lad - a bit green around the gills - but I hope he's making a go of it.

Anyway, I tell my story to disprove Marvin Gak's central theory. You can make money from buying a business in Cambodia. Unless you're an idiot. Just make sure you have someone lined up to take it off your hands when the time to bail becomes apparent. And try not to die too early after making your get-away.


‘It was impossible to know what sort of money the business was making...I went ahead anyway’.

That’s my favourite bit and the secret to business in Cambodia.

Have no idea what the fuck you’re doing and hope the forest spirits shine upon you.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby RainMan » Sat May 19, 2018 7:12 am

violet wrote:Actually, the writing wasn't that bad. It just wasn't Gavinmac.


Marvin Gac is also an anagram of Gavin Mac...or am I stating the obvious :oops:
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby logos » Sat May 19, 2018 7:29 am

RainMan wrote:
violet wrote:Actually, the writing wasn't that bad. It just wasn't Gavinmac.


Marvin Gac is also an anagram of Gavin Mac...or am I stating the obvious :oops:

Marvin Gac is no more an anagram of Gavinmac than Marvin Quack would be.

For once I agree with Violet. Passable writing, fairly accurate contents, but it ain't the real deal and I feel somewhat cheated by the (i suppose) unauthorized reference.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby RainMan » Sat May 19, 2018 7:41 am

logos wrote:
RainMan wrote:
violet wrote:Actually, the writing wasn't that bad. It just wasn't Gavinmac.


Marvin Gac is also an anagram of Gavin Mac...or am I stating the obvious :oops:

Marvin Gac is no more an anagram of Gavinmac than Marvin Quack would be.

For once I agree with Violet. Passable writing, fairly accurate contents, but it ain't the real deal and I feel somewhat cheated by the (i suppose) unauthorized reference.


Haven't had my coffee, didn't see the 'r'.
Never mind.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby ricecakes » Sat May 19, 2018 8:21 am

A lot of business is about market timing........right place / right time etc.

I know quite a few guys that started business in the late 90s and early 2000s in Cambodia who rode the subsequent development ( and then land and then private sector ) booms and made millions.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby RainMan » Sat May 19, 2018 9:00 am

Yes timing, only 3 years ago a mate bought 2 units in Snooky, I talked him out of buying a bar and now he's done well with just property price rise. Kampot has also been hit buy a Chinese buying spree lately I read.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Starving Pelican » Sat May 19, 2018 4:56 pm

Dallow Spicer wrote:This is an interesting piece, although I don't agree with everything .

I bought a business from a well-known and much-loved Phnom Penh expat back in 2014 or 2015. It was on online business, aimed firmly at the expat population and it had quickly gathered a reputation as a bit of a place to avoid, but entertaining nonetheless. It had a hardcore following, and an even wider audience of furtive lurkers who read it daily while tut-tutting about it to their friends in BKK1 coffee shops, St 104 bars, in the offices of the expat media outlets (RIP) and around the NGOs in town. I knew all that because I'd been involved as a member before, it seemed like a fun thing to do, and I shelled out a bit of cash for a 60% stake.

It was impossible to know what sort of money the business was making - the previous owner usually just pocketed the meagre advertising revenue for his regular jaunts to ladyboy bars or the dwindling number of bars around town he felt safe to be seen in. He gave me some half-arsed figures which didnt really stack up in practice, but it wasn't a huge investment so I went ahead anyway. His fellow shareholders at the time hadn't seen a penny of income from the site for years. He died shortly after selling the business in mysterious circumstances. The less said about that the better.

It turned out to be a good investment, and a lot of fun. I had to keep one of my minority shareholders under control because he was a loose cannon, but apart from that and the occasional threat of beatings from thick necked football hooligans and half a dozen threatened law suits from sundry fools and philandering law firm partners, it was quite a ride. I pulled in enough new advertising revenue to provide the shareholders with around 250% ROI in income in two and a half years, before selling my stake to some enthusiastic young pup newly arrived on the scene. Nice lad - a bit green around the gills - but I hope he's making a go of it.

Anyway, I tell my story to disprove Marvin Gak's central theory. You can make money from buying a business in Cambodia. Unless you're an idiot. Just make sure you have someone lined up to take it off your hands when the time to bail becomes apparent. And try not to die too early after making your get-away.


LOL! I admire the troll that took the time to write this amusing piece.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Miguelito » Sat May 19, 2018 5:02 pm

^^ Not a troll, I can confirm that was Scobie.

I should ask him if he wants to write a 7 Reasons to Invest in Cambodia...
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Starving Pelican » Sat May 19, 2018 5:22 pm

Miguelito wrote:^^ Not a troll, I can confirm that was Scobie.

I should ask him if he wants to write a 7 Reasons to Invest in Cambodia...


You 100% sure about that? He was always against people making gags about Pete’s death.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Playboy » Sat May 19, 2018 5:26 pm

Starving Pelican wrote:
Miguelito wrote:^^ Not a troll, I can confirm that was Scobie.

I should ask him if he wants to write a 7 Reasons to Invest in Cambodia...


You 100% sure about that? He was always against people making gags about Pete’s death.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby McPhisto » Sun May 20, 2018 4:24 am

Dallow Spicer wrote:T it was quite a ride. I pulled in enough new advertising revenue to provide the shareholders with around 250% ROI in income in two and a half years, before selling my stake

Image

We are all soooo impressed. Lookout, Warren Buffett!

What's even more impressive is how you can come up with so many cool sock puppet names.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby ricecakes » Sun May 20, 2018 2:09 pm

Starving Pelican wrote:
Dallow Spicer wrote:This is an interesting piece, although I don't agree with everything .

I bought a business from a well-known and much-loved Phnom Penh expat back in 2014 or 2015. It was on online business, aimed firmly at the expat population and it had quickly gathered a reputation as a bit of a place to avoid, but entertaining nonetheless. It had a hardcore following, and an even wider audience of furtive lurkers who read it daily while tut-tutting about it to their friends in BKK1 coffee shops, St 104 bars, in the offices of the expat media outlets (RIP) and around the NGOs in town. I knew all that because I'd been involved as a member before, it seemed like a fun thing to do, and I shelled out a bit of cash for a 60% stake.

It was impossible to know what sort of money the business was making - the previous owner usually just pocketed the meagre advertising revenue for his regular jaunts to ladyboy bars or the dwindling number of bars around town he felt safe to be seen in. He gave me some half-arsed figures which didnt really stack up in practice, but it wasn't a huge investment so I went ahead anyway. His fellow shareholders at the time hadn't seen a penny of income from the site for years. He died shortly after selling the business in mysterious circumstances. The less said about that the better.

It turned out to be a good investment, and a lot of fun. I had to keep one of my minority shareholders under control because he was a loose cannon, but apart from that and the occasional threat of beatings from thick necked football hooligans and half a dozen threatened law suits from sundry fools and philandering law firm partners, it was quite a ride. I pulled in enough new advertising revenue to provide the shareholders with around 250% ROI in income in two and a half years, before selling my stake to some enthusiastic young pup newly arrived on the scene. Nice lad - a bit green around the gills - but I hope he's making a go of it.

Anyway, I tell my story to disprove Marvin Gak's central theory. You can make money from buying a business in Cambodia. Unless you're an idiot. Just make sure you have someone lined up to take it off your hands when the time to bail becomes apparent. And try not to die too early after making your get-away.


LOL! I admire the troll that took the time to write this amusing piece.


Also the usage of "much loved" is a dead giveaway the piece was an utter tongue in cheek piss take.
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