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Post by Deleted on Feb 4, 2017 8:38:58 GMT 7
If the bloke was taking home 100 quid a day net, which 4500baht everyday then probably is a comfortable life. Running a resort though is damn hardwork. As blether says a lot of these resorts are empty half of the time. Last year when i was looking for a place for my new centre we must have looked at around 40 to resorts in the Chiang Mai area, all of tge for either rent ir sale. Not one of them was successful. The place I got was a total failure, like a Thai version of Fawlty Towers. I cannot understand why there are so many of these resorts around that are obviously not making money. And they are building more and more of them all the time. I went to a place in Thaton years ago, heap of A-frame chalets on the river, next to the bridge. Not one of them looked like they were being used, the place was deserted. Asked the dude in the office how much for a night, 1,500 baht ! I offered him 1,000 and he said no so I went across the river and got a room at the guesthouse for 300 baht. The fool could have had pun baht in his pocket instead he got nothing. |
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Post by Soutpeel on Feb 4, 2017 11:42:35 GMT 7
A hundred a day isn't too bad if you've got essentially free accommodation and food included. But this is the debate, its 100 a day gross, if out of that he is netting 20 quid, one would hope this would not be the only income he is relying one, as all that work for 20 quid a day, even if his net is 50 quid a day it would be still very tight Of course he could just be doing this as a hobby job and as long as the costs are covered he may not care about net |
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Post by Soutpeel on Feb 4, 2017 11:46:03 GMT 7
If the bloke was taking home 100 quid a day net, which 4500baht everyday then probably is a comfortable life. Running a resort though is damn hardwork. As blether says a lot of these resorts are empty half of the time. Last year when i was looking for a place for my new centre we must have looked at around 40 to resorts in the Chiang Mai area, all of tge for either rent ir sale. Not one of them was successful. The place I got was a total failure, like a Thai version of Fawlty Towers. I cannot understand why there are so many of these resorts around that are obviously not making money. And they are building more and more of them all the time. I went to a place in Thaton years ago, heap of A-frame chalets on the river, next to the bridge. Not one of them looked like they were being used, the place was deserted. Asked the dude in the office how much for a night, 1,500 baht ! I offered him 1,000 and he said no so I went across the river and got a room at the guesthouse for 300 baht. The fool could have had pun baht in his pocket instead he got nothing. Thai ecomonics in action, 1 person sets a business up it works well for a while then a heap of other people do exactly the same thing in the same area and bascially saturate the market, forcing pricing down and ultimately they all fail |
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Post by Deleted on Feb 4, 2017 12:05:16 GMT 7
....................."Thai ecomonics in action, 1 person sets a business up it works well for a while then a heap of other people do exactly the same thing in the same area and bascially saturate the market, forcing pricing down and ultimately they all fail"......................
For some reason that practice has always intrigued me as well as annoyed me.
Wife and I have done many road trips between CM and Surin over the years, usually via Phetchabun, and have noticed on one trip there will be a lone vendor on the side of the road selling some sort of fruit, the next trip there will be ten of them, all selling exactly the same effing thing !
I try to find a loner and do business with them.
The road into Mai Sai is a good example, there must be a hundred of them on either side of the road.
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rubl
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Post by rubl on Feb 4, 2017 12:52:04 GMT 7
....................."Thai ecomonics in action, 1 person sets a business up it works well for a while then a heap of other people do exactly the same thing in the same area and bascially saturate the market, forcing pricing down and ultimately they all fail"...................... For some reason that practice has always intrigued me as well as annoyed me. Wife and I have done many road trips between CM and Surin over the years, usually via Phetchabun, and have noticed on one trip there will be a lone vendor on the side of the road selling some sort of fruit, the next trip there will be ten of them, all selling exactly the same effing thing ! I try to find a loner and do business with them. The road into Mai Sai is a good example, there must be a hundred of them on either side of the road. Isn't that what OTOP is about? Plus of course, fruits tend to be seasonal  |
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smokie36
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Post by smokie36 on Feb 4, 2017 12:57:07 GMT 7
Marry into the mafia...then no one will dare copy your idea.
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Post by Deleted on Feb 4, 2017 13:05:50 GMT 7
Marry into the mafia...then no one will dare copy your idea. No, my way works much better. I just come up with really shit ideas and nobody will touch them.  |
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Post by Deleted on Feb 4, 2017 13:15:29 GMT 7
It's £100 a day gross. From that he gives a free American breakfast. Then from there you can deduct the rest of the expenses. I'd say he'll be lucky to be clearing £12000 a year taking jnto account seasonal fluctuations. For a 80-90 hour week. How much is a room in this paradise? 1200 gross, minus 15% booking.com commission, minus the cost if two good American breakfast. Probably allocate a net 900 baht. It doesn't have an auto key activated trip system in the room. You just know that some ignorant bastids will be running the AC 24/7 - even when they ain't in the room. 5 chalets in the place - so lets say 4500 baht fully booked per night. Subtract the cleaner and gardener wage, say 600 baht per day. That leaves 3900 minus power, water, wifi, laundry, wear and tear. Lets be generous and round that down to 3400 baht. 80% occupancy would be a good result - so that would net down to 2720 per day. Two rai of land, 2 million baht. Five chalets plus swimming pool, small ( unused ) bar area. Kitchen and diner - allocate about 8 million baht for that. So, an 8 million baht investment, and a 12 hour day, returns 2720 per day. The 8 million in the bank would return about 240,000 p.a., lets call it 180,000 - which is 500 baht per day for doing nothing. Work done by a husband and wife team = 24 man hours per day for 2220 baht. No thanks. |
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Post by Deleted on Feb 4, 2017 13:20:10 GMT 7
I cannot understand why there are so many of these resorts around that are obviously not making money. And they are building more and more of them all the time. I went to a place in Thaton years ago, heap of A-frame chalets on the river, next to the bridge. Not one of them looked like they were being used, the place was deserted. Asked the dude in the office how much for a night, 1,500 baht ! I offered him 1,000 and he said no so I went across the river and got a room at the guesthouse for 300 baht. The fool could have had pun baht in his pocket instead he got nothing. Thai ecomonics in action, 1 person sets a business up it works well for a while then a heap of other people do exactly the same thing in the same area and bascially saturate the market, forcing pricing down and ultimately they all fail The key is added value. You can go to the exceptional league for things such as rehab, or the more mundane such as residential fit camps, Muay Thai camps, yoga and spa retreats. Ladies only resorts are the way to go too, loads of women want the additional peace of mind and will pay a premium for it. |
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Post by Deleted on Feb 4, 2017 13:50:10 GMT 7
....................."Thai ecomonics in action, 1 person sets a business up it works well for a while then a heap of other people do exactly the same thing in the same area and bascially saturate the market, forcing pricing down and ultimately they all fail"...................... For some reason that practice has always intrigued me as well as annoyed me. Wife and I have done many road trips between CM and Surin over the years, usually via Phetchabun, and have noticed on one trip there will be a lone vendor on the side of the road selling some sort of fruit, the next trip there will be ten of them, all selling exactly the same effing thing ! I try to find a loner and do business with them. The road into Mai Sai is a good example, there must be a hundred of them on either side of the road. A brief business lesson from The Blether. Cigarette papers. They used to cost £10 for 100 packs. Professional market traders sold them at 5 for £1.00. The idiotic trader sold them at 6 for £1.00, so the rest followed. The consumer wins. Then the car boot guy sells them at 7 for a £1.00, and the car boot idiot sells them at 8 for a £1.00. So the professionals dtop going to the car boot sales. The range of goods they brought disappears, and Mrs McGhoo, from number 2, How Do You Do Street also stops going to the car boot sale cos while she enjoyed looking through the crap, she knew she could buy kitchen roll 3 for a £1.00, washing liquid 3 for a £1.00, and other essential bargains. Car booters can't sell them cos you need a van to handle the bulk and weight. Car boot sale closes down. Car booters can't sell beds, too bulky and too much money required to stock. Bed retail £250, profit minimum £100. That's a days wage in the UK. COMPETITION IS LIMITED cos it takes more than a tenner to set up. Sell one bed a day, get a decent wage. Sell five a day and you're making money. Moral of the story - rise above the herd. |
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rubl
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Post by rubl on Feb 4, 2017 13:52:26 GMT 7
Still as a consumer I do not really object to lower prices for the goods I buy  |
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Post by Deleted on Feb 4, 2017 13:54:03 GMT 7
Car mechanics were ten a penny, that kept the wages down. A car mechanic that owned an MOT station made serious money.
A simple example of rising above the herd.
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Post by Deleted on Feb 4, 2017 14:03:25 GMT 7
Still as a consumer I do not really object to lower prices for the goods I buy As a businessman I do. The supply chain has to earn or it collapses. When it collapses, it often leaves consumers thousands of pounds out of pocket. The true cost of low prices is passed on to the unlucky. And the visible sign of that are deserted high streets as people pile into out ov town homogenous shopping centres. And Mrs McGhoo has to get a bus cos the butcher has closed down. Her man used to drive her there but he died two years ago. He's a sore miss these lonely nights. She used to have a wee chat with Sadie at the butchers. They went to school together. She hasn't seen Sadie since it closed. The nice laddie at the butchers in the supermarket is always too busy to have a wee chat. So Mrs McGhoo gets the bus home to her lonely house. Looks at the high street she used to love, with it's hustle and bustle. Now boarded up or full of charity shops. And closes the door behind her. Paying the real price of a pound of mince ten pence cheaper. The death of her community. |
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rubl
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Post by rubl on Feb 4, 2017 15:01:01 GMT 7
^^|
I have no problem with 'workers' earning a bit of a profit. One could have an interesting discussion with how much profit is really necessary without threatening the model of sellers/buyers. How much buyers could be forced asked to pay and how much suckers consumers need to be protected
Maybe I should as the Trump Team how much is enough and what is reasonable in risk and spreading risks. Mind you, the attack on the Dodd-Frank seems aimed at letting the consumers pay directly while suggesting 'too big to fail' is out. No regulations needed, market forces should be enough, as the 2008 meltdown so clearly showed.
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Post by Deleted on Feb 4, 2017 15:07:06 GMT 7
^^| I have no problem with 'workers' earning a bit of a profit. One could have an interesting discussion with how much profit is really necessary without threatening the model of sellers/buyers. How much buyers could be forced asked to pay and how much suckers consumers need to be protected Maybe I should as the Trump Team how much is enough and what is reasonable in risk and spreading risks. Mind you, the attack on the Dodd-Frank seems aimed at letting the consumers pay directly while suggesting 'too big to fail' is out. No regulations needed, market forces should be enough, as the 2008 meltdown so clearly showed. That was a failure of capitalism. The drive for economic growth at any cost overtook the risk brake. |
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