Best Posts in Thread: business partner

I think it is clear that no research into running a business in the Philippines has been made. The OP's naive, vague and/or cryptic responses when asked for more information about this business opportunity he wishes to recruit a partner for shows that this is either a scam or a very poor investment opportunity (insanely high risk/microscopic returns) for anyone to partake in.

Given that the OP has not given any meaningful information, despite being given several opportunities to do so, this thread has been locked. The OP is free to start another thread, however, any talk of business partners will need to have a proper business plan attached to the opening post or it will be removed from the forum. This is not a place to promote scams or ill-advised investments.

 

Have you done your market research? What is the expected ROI? What percentage of foreign ownership does your business allow on the negatives list? Have you ever ran a successful business? Have you ever ran a successful business in the Philippines?

 

Many of us have seen the common pitfalls foreigners fall in to (or have been a victim to it ourselves). Personally, I have seen a handful foreigners that were very successful (most of these came here with a very large initial investment and/or a well thought out business plan and market research), a few that are always struggling barely making enough to pay the bills and a whole lot that have had their businesses go t*ts up in short order. It isn't crushing dreams, it is being realistic and being prepared.

And please remember, the question posed here was not about starting a business, it was a very vague request for a business partner with absolutely no information offered when it came to the actual business. Everyone involved (OP and forum members) should approach this type of request with extreme caution. A post like this is blood in the water and could very likely attract plenty of sharks...or it could be bucket of chum being thrown in the water to attract potential prey.

 

I am in for 51 percent....will decide after you explain the following in full detail
1. Nature of the business? Product?
2. Target Customer?
3. Location?
4. Formation?
5. Capital?
6. Asset Requirements?
7. Lease, Renovation , building requirements or office space?
8. Suppliers
9. Operating Expenses
10. Hire People or Outsource
11. Registration
12. Bank account for the business
13. Marketing
14. Government Compliance
15. Accounting and Financial Analysis
16. full outline of base costs in full with all profit margins expected

So excited (but) As a potential future partner, please over look no detail in the above 16 areas and respond within 24 hours please. Cheers........@thebestbroUcouldahad