cavanami Posted June 18, 2009 Report Share Posted June 18, 2009 Open a 7-11? Always seems to be room for one more and they are crowded with customers! Investment cost, most likely high. Link to comment Share on other sites More sharing options...
rickfarang Posted June 20, 2009 Report Share Posted June 20, 2009 BKKdreaming, Buffalo_bill summarizes the problems with starting a business accurately. To make more than the bare minimum wage, she has to have some asset that is scarce. If she has the potential to be a good student, you could sponsor a course of study at a trade school or university. Or you could bestow an asset directly, say in the form of a small truck or a piece of arable land (provided she has the skills and ambition to work it), or an internet cafe, given the caveats already mentioned, can be an excellent way to make an income if it could be situated where there is a ready market. Setting her up with a market, small restaurant, or other business that requires little skill to operate is nearly certainly a formula for failure as BB pointed out. Link to comment Share on other sites More sharing options...
Flashermac Posted June 20, 2009 Report Share Posted June 20, 2009 Open a 7-11? Always seems to be room for one more and they are crowded with customers!Investment cost, most likely high. Who has enough money in a village to shop at a 7-Eleven? Link to comment Share on other sites More sharing options...
CTO Posted June 22, 2009 Report Share Posted June 22, 2009 Oddly they work because they are aimed at convenience and location - hence lower market people tend to be majority customers in 7/11's/ That said they only go where there is traffic - i.e. towns at least. Link to comment Share on other sites More sharing options...
Dexi Posted June 22, 2009 Report Share Posted June 22, 2009 What about a pawn broking business....always successfull when times are hard or money is scarce.....or theres always short term high % money lending... ...not something I would get involved in though... Link to comment Share on other sites More sharing options...
buffalo_bill Posted June 22, 2009 Report Share Posted June 22, 2009 Setting up a place like 7/11 would cost a fortune , not sure anyway if the shops are 7/11 -owned of frenchise is possible . Link to comment Share on other sites More sharing options...
Flashermac Posted June 22, 2009 Report Share Posted June 22, 2009 Franchise. Apparently, in Bangkok your franchise gives you exclusive right to your side of the street in a single block. Family Mart is a rival - also franchise. There are a few others. I've seen several fail in my neighbourhood just this year, but there are still three 7-Elevens in walking distance of my home. Link to comment Share on other sites More sharing options...
imperial Posted June 22, 2009 Author Report Share Posted June 22, 2009 for a 7-11 or Family mart you need lots of money and someone that understands business, Off the subject a bit , but when the black africans threw out the shop owners (mostly Indians ) when they became independant, they ransacked the stores but were amazed that they did not fill up again ! Maybe the Thais are not that bad , but if they give credit to people who cannot pay them back , plus eat the profits then they cannot restock the shelves. I wonder how the street stalls ever make any money in the villages or small towns , I guess making 100-200 baht profit a day is better than making nothing , Hard for us to get that in perspective when we blow so much $$$$ on stupid things, Anyway still looking.... BK Link to comment Share on other sites More sharing options...
cavanami Posted June 23, 2009 Report Share Posted June 23, 2009 7-11 will train the manager, the store is auto-stocked as the sale of an item will auto-generate the order to refill the sold item, there are a pool of 7-11 employees that have already been trained and know the business. Sweet deal, but costs some $$$ to get it started up. I heard that 7-11 plans to open 2000 more stores in LOS this year! Link to comment Share on other sites More sharing options...
fool Posted June 23, 2009 Report Share Posted June 23, 2009 I heard 1 million and up for a 7-11 franchise depending on location. That was 2 years ago Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.