7 Reasons to Not Buy a Business in Cambodia
According to the World Bank, Cambodia has the following scores out of 190 countries with regards to doing business:
Over all ease of doing business rank: 135
Paying taxes: 136
Starting a business: 183
Dealing with construction permits: 179
Enforcing contracts: 179
This leaves 65 countries which are worse to do business in, admittedly, such as the DRC, South Sudan and Yemen, which may not be the best places to open a vegan café or Elvis themed dive bar in. Yet fools keep hopping on the carousel of certain financial ruin, going round and round until they feel dizzy and sick, then passing the seat on to the next white man with a wedge and poorly thought out business model.
Running a successful business in a place where you speak the language, understand the culture and can nurture a loyal customer base is tricky enough, but trying it in a place where there are several thousand ‘generals’ and a population which still believes in magic scarecrows and burns witches, means you gotta be crazy.