Ok, let's hear all the horror stories, I need an update on their ploys. Even the Khmer with Western influences.
Last I heard, they partner with/hire the foreigner, suck away all his resources, knowledge and techniques, then find a way to get rid of him. Sometimes, putting them in jail.
Usually, they could ask the foreigner to live in dangerous/unlivable conditions (like the rest of them), expect miracles fr businesses they don't understand, etc.
They can also foist crappy employees/relatives on you. If they were any good, they'd be working for them, right?
Mind you, I know some reasonable Khmer, and I've seen some truly scandalous Westerners completely destroy their trust. Some Khmer do not know how to read Westerners at all.
Any solutions or safeguards appreciated. I understand most legal maneuvers aren't worth the paper they're written on for some, but some try to adhere, is that right?
What's the sign of a good Khmer partner?
Doing Business with Khmer
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- RicePikey
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Doing Business with Khmer
Fool's folly is following another fool.
- The Grand Jester
Caution: all of my posts are to be taken with a grain of salt, heroin, and Everclear. Then you can reply back to us.
- The Grand Jester
Caution: all of my posts are to be taken with a grain of salt, heroin, and Everclear. Then you can reply back to us.
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- RicePikey
- Reactions: 0
- Posts: 1397
- Joined: Mon May 05, 2014 10:06 am
You creepy stalker, licecakes, stop flaming and trolling at the same time. That's right, you're a flaming troll that not many people like or respect.
Please do not litter on my posts, thanks.
Please do not litter on my posts, thanks.
Fool's folly is following another fool.
- The Grand Jester
Caution: all of my posts are to be taken with a grain of salt, heroin, and Everclear. Then you can reply back to us.
- The Grand Jester
Caution: all of my posts are to be taken with a grain of salt, heroin, and Everclear. Then you can reply back to us.
Do any of the brown rascals stoop so low as trying to sell bars that don't belong to them, attempting to return oxygen deprived fish or promising very plain people a career in modelling for a paltry commission?
I bet they would, those bastards.
I bet they would, those bastards.
The first rule is to be serious and respectful yet demand respect as well.
Be clear and write down the details when buying/ordering items
Get items first/have it made/installed/checked pay always later unless you really trust the guy.
If the stuff doesn't fit what you wrote down and the guy doesn't want/ask extra money to change it/get it right use the magic words "I don't pay" which generally suddenly makes them solve most quality issues.
Don't do business with people too influential/powerful unless you have an ironclad way to make them respect contracts.
It's ok to have Khmer investors (that doesn't actively involve himself with business decisions) but I prefer not having a business partner unless he/she is very well educated and has relevant experience to the field of the investment.
Many Khmer investors (especially the less educated ones) expect (very!) short term returns so be clear regarding when will they be able to receive a cash payment from their investments or they will annoy the hell out of you almost as if you are a debtor rather than a partner from the first weeks.
Don't accept any offers from Khmer people that have apparently great ideas but no money or enoughexperience in the field. I never heard of a success story involving inexperienced Khmer and an inexperienced foreign partner.
Generally be very wary of anyone offering you business partnership as if they are your best friend. Most Khmer will offer any decent business ideas to relatives and old friends before asking a foreigner that they know just for a few months. So they are generally not the best ideas.
Avoid to find partners in the wrong places, the best Khmer partners IMHO are met through recommendations from their former business partners/clients and often met within a circle of people involved in various businesses.
Reason being that when anyone does something unacceptable the group will know quickly and ostracise that person (or at least warn you about their less than honest past). Also anyone involved knows that creating problems someone within the group will damage their chances to do more business.
When signing any important contract invite at least some govt officials, local chiefs, policeman etc. Let everyone know the main terms of the contract so that if the other person screws you over he can't just deny having any business relationships with you. Offer drinks and tips so they will come again next time.
Horror stories?
I heard plenty of horror stories from my costumers which often required me to get a good headache to give them an happy ending. However most of them follow the same patterns, too powerful partners taking over the business, lack of leverage with loans, badly written contracts, leaving Khmer business partners running a business without oversight, investing without proper planning, choosing a partner without knowing his family and background and most importantly investing without asking my opinion first .
Be clear and write down the details when buying/ordering items
Get items first/have it made/installed/checked pay always later unless you really trust the guy.
If the stuff doesn't fit what you wrote down and the guy doesn't want/ask extra money to change it/get it right use the magic words "I don't pay" which generally suddenly makes them solve most quality issues.
Don't do business with people too influential/powerful unless you have an ironclad way to make them respect contracts.
It's ok to have Khmer investors (that doesn't actively involve himself with business decisions) but I prefer not having a business partner unless he/she is very well educated and has relevant experience to the field of the investment.
Many Khmer investors (especially the less educated ones) expect (very!) short term returns so be clear regarding when will they be able to receive a cash payment from their investments or they will annoy the hell out of you almost as if you are a debtor rather than a partner from the first weeks.
Don't accept any offers from Khmer people that have apparently great ideas but no money or enoughexperience in the field. I never heard of a success story involving inexperienced Khmer and an inexperienced foreign partner.
Generally be very wary of anyone offering you business partnership as if they are your best friend. Most Khmer will offer any decent business ideas to relatives and old friends before asking a foreigner that they know just for a few months. So they are generally not the best ideas.
Avoid to find partners in the wrong places, the best Khmer partners IMHO are met through recommendations from their former business partners/clients and often met within a circle of people involved in various businesses.
Reason being that when anyone does something unacceptable the group will know quickly and ostracise that person (or at least warn you about their less than honest past). Also anyone involved knows that creating problems someone within the group will damage their chances to do more business.
When signing any important contract invite at least some govt officials, local chiefs, policeman etc. Let everyone know the main terms of the contract so that if the other person screws you over he can't just deny having any business relationships with you. Offer drinks and tips so they will come again next time.
Horror stories?
I heard plenty of horror stories from my costumers which often required me to get a good headache to give them an happy ending. However most of them follow the same patterns, too powerful partners taking over the business, lack of leverage with loans, badly written contracts, leaving Khmer business partners running a business without oversight, investing without proper planning, choosing a partner without knowing his family and background and most importantly investing without asking my opinion first .
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