Best Posts in Thread: business partner

Most here are well into their 50's to 60's and above, retired with a pension or SS check without any need for the extra income a business would bring in.

Running a business is a full time job. You won't have much time to sit back and relax. I highly doubt the money will be worth the work unless you just want something to do...or want to give something the family can run into the ground in short order. Unless your family has an extensive background with running businesses successfully, then I'd say write up an agreement with them and go for it. Just be fully prepared to lose every centavos you put into the business.

I'm not sure your level of experience with and time in the Philippines but if you think you have what it takes then best of luck to you. Personally, I'll stick to the stock market and collect my capital gains and dividends, it is a much more reliable source of income and far less work than operating a business...which gives me much more time to enjoy that slower pace of life you speak of.

Best of luck with your future endeavors, whatever they may be.

 

OP has yet to reply. I see no real point in this thread. Chances are that the OP has no history in running a local business and won't be the next San Miguel or Jollibee, no respectable returns would ever be had before the business was ran into the ground by incompetence and/or local competition. If you want to be a business partner invest in the Philippines stock market. You can legally be a "business partner" in well established businesses ran by competent local owners and see some actual returns. Going in as a business partner locally is a fast way to lose a lot of money and give yourself nothing but headaches. There is a steep learning curve and few foreigners will ever be successful in the Philippines.

Be smart, go with the established and missive corporations. Mom and pop stores will be ran out of business by these larger corporations just as they have in every other developing/developed country.