That’s great! Are you decided about the kind of business you want to start there and the entity you want to open? No? Well, I know how difficult it is especially when you are planning to get started in a country that offers ample opportunities to the foreigners. But you need to cut down your excitement a little and be more realistic. Listed below are the four most common problems and probable suggestions most of the start-ups face;
- Deciding upon the One: Considering availability of so many business opportunities in Thailand, deciding upon the one can be quite a hectic job. If that’s the case, you must finally choose the one you would be able to excel in and/or you have the interest in.
- English Speaking Professional: It is not that Thais avert speaking English; they are actually very particular about their culture and language. Thus, they mostly prefer speaking in Thai. I mean it is the same with you too, right? Who would like to speak unnecessarily in other language instead of their mother tongue? Having said that, you will find each of the professionals there speaking English comfortably. In fact, you will find many who are multi-lingual.
- Knowledge of Thai Laws: Of course, you can read books and blogs to know about them, but let me tell you not all would be enough. Laws, be it of any country, keeps changing and there are so many in between things that are limited to the legal professionals or lawyers. Therefore, it is suggested to have a professional by your side when planning to start a business in Thailand.
- Sufficient Funds: That’s the most important thing to consider. Without sufficient funds nothing is going to happen. Not only do you have to have enough to invest in the business, but also you will have to keep certain amount of money in your bank to show to the Thai government. Well, if you are a start-up and do not have enough funds, you can think of speaking to an investor too. There are many public platforms organized by some government bodies that create a meeting point for both the start-ups and investors. Participate in one of them and present your business idea. If any of the investors happen to like your idea they will surely agree to invest.
So what are you waiting for?
