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business partner

Discussie in 'Dumaguete City' gestart door Englishdave, 18 jul 2020.

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  1. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    Useful to have told us in your first posting that you knew all about the business world, including within the Philippines - would have saved so many of us trying to help.

    Btw, I have run businesses, been very successful, knew what I was doing by instinct, used my head and not my D**** (well, I tried once but that one went flat :smile: ) ... BUT I never once requested a partner. I guessed that if it was going to be a great success I would keep all the profits. If it was risky then perhaps I would have wanted people to share the risk.
     
    Laatst bewerkt: 19 jul 2020
    Notmyrealname, 19 jul 2020
    #21
  2. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    If you need a third partner Mr Englishdave and Mr Crystalhead I may join in! You would find my math skills of great use. Mr Ed can have 49%, Mr C the 51% he requested and I will take the other 90%.
     
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    Laatst bewerkt: 19 jul 2020
    Notmyrealname, 19 jul 2020
    #22
  3. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    Deleted (copy in error)
     
    Laatst bewerkt: 19 jul 2020
    Notmyrealname, 19 jul 2020
    #23
  4. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    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.
     
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    Rye83, 19 jul 2020
    #24
  5. danbandanna

    danbandanna DI Forum Patron Highly Rated Poster Showcase Reviewer Veteran Marines

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    We all know that your expertise is "Monkey Business" :smile:
     
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    danbandanna, 19 jul 2020
    #25
  6. Philpots

    Philpots DI Senior Member Restricted Account

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    Best of luck mate but you are in for a huge surprise and you are are very likely to lose a lot of money. Sorry mate but that is the way it is. Your entire approach to this has been in my view, very suspicious.
     
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    Philpots, 20 jul 2020
    #26
  7. mattchu5150

    mattchu5150 DI Member

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    Out of curiosity, have you ever been to Dumaguete, or the Philippines?
     
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    mattchu5150, 20 jul 2020
    #27
  8. Happy Camper

    Happy Camper DI Senior Member Restricted Account Infamous Showcase Reviewer

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    I was with you on most of your comment, but common sense and planning??? Are you in for a shock over here.
     
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    Happy Camper, 20 jul 2020
    #28
  9. OP
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    Englishdave

    Englishdave DI New Member

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    yes I have family there with a 2 year old daughter ' and sometimes it's who u know not what u know ''u just need to be shrewd in what u venture there 'as a few have posted easy to lose everything 'I'm sure your all aware keep a low profile and smile 'it's a business worth a steady income that's all the average Filipino have the knowledge but not the financial means to run a business there 'your see it's mostly Chinese
     
    Laatst bewerkt door een moderator: 21 jul 2020
    Englishdave, 21 jul 2020
    #29
  10. Philpots

    Philpots DI Senior Member Restricted Account

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    Keep a low profile? Fly under the radar more likely. Just what sort of business are you thinking of ïf it relies on "Who you know"?
     
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    Philpots, 21 jul 2020
    #30
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