7 Reasons Not to Buy a Business in Cambodia

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7 Reasons Not to Buy a Business in Cambodia

Postby Miguelito » Fri May 18, 2018 2:47 pm

There have been a lot of requests for a new "7 Reasons" article. Unfortunately, your favorite author, Gavin Mac, has been stuck traversing the former Soviet Union or Somalia or whatever other shithole country, and hasn't been able to send anything our way in a while. So we enlisted a new author, Marvin Gak, for a guest article.

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

Postby violet » Fri May 18, 2018 2:53 pm

Gavin Mac has had writer's block for awhile now. I blame it on his girlfriend.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby McPhisto » Fri May 18, 2018 2:59 pm

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.

i.e. the most recent Khmer440 ownership saga.
I must be scobienz.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Miguelito » Fri May 18, 2018 3:01 pm

McPhisto wrote:
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.

i.e. the most recent Khmer440 ownership saga.


The site's for sale, interested?
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Mèo Đen » Fri May 18, 2018 3:14 pm

Miguelito wrote:
McPhisto wrote:
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.

i.e. the most recent Khmer440 ownership saga.


The site's for sale, interested?


:lol:

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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby McPhisto » Fri May 18, 2018 3:18 pm

Miguelito wrote:
McPhisto wrote:
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.

i.e. the most recent Khmer440 ownership saga.


The site's for sale, interested?

Image
I must be scobienz.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Dallow Spicer » Fri May 18, 2018 6:23 pm

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

Postby chkwoot » Fri May 18, 2018 7:48 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.

tl;dr
I am sooooo very sorry if you can't understand or appreciate my sarcastic facetiousness.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby gavinmac » Fri May 18, 2018 8:16 pm

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

Postby Playboy » Fri May 18, 2018 8:21 pm

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.
I guess that they are trying to kick-start you into writing a '7 Reasons to buy a business in Cambodia' article, so that you can overcome your writers block
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby violet » Fri May 18, 2018 8:33 pm

Playboy wrote:
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.
I guess that they are trying to kick-start you into writing a '7 Reasons to buy a business in Cambodia' article, so that you can overcome your writers block


Yes. Pull a finger out, gavinmac.
Don't get mad, get even.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby gavinmac » Fri May 18, 2018 8:37 pm

Playboy wrote:
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.
I guess that they are trying to kick-start you into writing a '7 Reasons to buy a business in Cambodia' article, so that you can overcome your writers block


No, he was click whoring, trying to pass off a fucked up homemade shirt as a Gordon Gartelle.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby violet » Fri May 18, 2018 8:49 pm

gavinmac wrote:
Playboy wrote:
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.
I guess that they are trying to kick-start you into writing a '7 Reasons to buy a business in Cambodia' article, so that you can overcome your writers block


No, he was click whoring, trying to pass off a fucked up homemade shirt as a Gordon Gartelle.


I don't wish to disrespect the fans who queried via PM, nor the writer of this piece, however (sometimes it's inevitable and) no one needs fans like them. Plain as a pair of alligator boots on a penguin that the piece wasn't written by you. The first clue to that being I wasn't engaged enough by the extract to even click on the link. Your skills are far superior.

And, no, Migs wasn't trying to imply it was written by you. If he was going to do that, he would have said it was written by Gavinmac. He did a good job of leveraging your reputation and goading you though.

Don't get mad. Get even!

We want Gavinmac. We want Gavinmac.
Write. Write. Write. Write.
Last edited by violet on Fri May 18, 2018 10:01 pm, edited 1 time in total.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby violet » Fri May 18, 2018 9:11 pm

Actually, the writing wasn't that bad. It just wasn't Gavinmac.
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Re: 7 Reasons Not to Buy a Business in Cambodia

Postby Miguelito » Sat May 19, 2018 12:21 am

gavinmac wrote:
Playboy wrote:
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.
I guess that they are trying to kick-start you into writing a '7 Reasons to buy a business in Cambodia' article, so that you can overcome your writers block


No, he was click whoring, trying to pass off a fucked up homemade shirt as a Gordon Gartelle.


I had to google Gordon Gartrell... awkward, I know. This is like when Deadpool makes old references and the younger characters don’t get it...
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