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Posts posted by Gsxrnz
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OP - the first one shouldn't have got away by not paying the last 2 months rent in lieu of bond. Your fault for not collecting it.
Unless you are pricing the contract to reflect the long tenure of the lease, i.e discounting say a 6 month price by xx% to attract a long term tenant, then it's really just an inconvenience for you if they quit early - just make sure you score the 2 months bond.
If you ARE pricing to reflect the long term aspect, then I suggest you either cease and desist from doing so, or increase the bond to 3 or 4 months. This may well discourage them from quitting, and if they do you score bigger compensation.
Yeah, yeah.....nobody will cough up 4 months rent at one time. But you can amortise the extra two months of the bond into say the first four months rent.
i.e agreed monthly rent 20,000
Cash Bond paid on occupancy 2 x 20,000
First 4 months rental payments = 20,000 as agreed, plus pro rata the additional 2 months bond being 40,000/4 = 10,000.
So for the first three months, They pay you 30,000 fro the first three months, then revert to 20,000 per month.
You then have four months bond to retain if they quit.
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They have an international corruption table that lists Thailand as one of the worst developing countries for corruption and graft.
And these numpties believe it's a good idea to raid a bunch of old fogeys playing bridge on a sunny afternoon.
Would somebody please start a table of the most idiotic governments in the developing world - Thailand would win, and based on points, it would be a long way to second place.
And these prats actually uploaded the lunacy to Youtube themselves!! As if they think they did a smart thing!!
There's stupid, and then there's really stupid, but Baby, it just don't get any more stupid than this.
Must go, me and my mates are playing Texas holdem tonight and I can't be late as we use my chips. PM me for the address.
But, but ... you're playing golf tomorrow, and you're going to be up all night on the chips? Damn tough kiwis.
Yeah Mate, tough as old boots. And I wasn't joking about the cards. I lost, but had fun and a few too many glasses of Johnny Red, then off to golf at 8am - it wasn't pretty on the course!
My caddy looks disgustedly at my red eyes and knows she's playing Russian Roulette with her side bets against the other caddies on me.
But the cards - we alternate playing at each others places, knowing full well about the draconian laws here. But last night after I told the host about the Bridge Club fiasco, he raced around double locking his condo door and gave us instructions that if there's a knock on the door we're to tip all the chips and cards over the balcony.
Great.....but he lives on the 30th floor!!
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They have an international corruption table that lists Thailand as one of the worst developing countries for corruption and graft.
And these numpties believe it's a good idea to raid a bunch of old fogeys playing bridge on a sunny afternoon.
Would somebody please start a table of the most idiotic governments in the developing world - Thailand would win, and based on points, it would be a long way to second place.
And these prats actually uploaded the lunacy to Youtube themselves!! As if they think they did a smart thing!!
There's stupid, and then there's really stupid, but Baby, it just don't get any more stupid than this.
Must go, me and my mates are playing Texas holdem tonight and I can't be late as we use my chips. PM me for the address.
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Only two of you in the same village? I'm not sure that 'two' constitutes a list.
However, I take your point.
Next time they come knocking, have a fake beard and wig at the ready - that will totally eff them up.
If it's on file in a gov't office; one name would constitute a list.
Nuh, I reckon one name would constitute a register, but not a list.
i.e A register of all the certified rocket scientists in Thailand might contain one name.
Whereas, if there were ten rocket scientists in Thailand, then the register would have a list of ten names.
A list must have more than one item.
A register can be blank, have one, or many items.
Note: No offence is intended to all (any) Thai rocket scientists out there. I considered using Thai space cadets as an alternative but thought that would be too confusing.
Jesus Mary Mother of God, I must be bloody bored today, thankfully golf tomorrow and I can give TV a rest.
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Well trained monkeys, biting only Russians:) Could we have them strategically deployed all over Pattaya?
Training the ladyboys would be easier, plus they're already in situ.
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Understanding the dynamics behind pricing and supply/demand is an interesting science.
Pricing is a businesses most useful tool if used correctly.
EG. If sales are increasing (or even being maintained), it can be assumed there is demand for the product. The increasing sales may mean the supplier may have to work harder/longer to keep up with demand, invest in additional staff, plant, or premises. All at an expense that will reduce margin and require continued growth to recover the additional costs at the same margin.
A classic example of pedalling faster to go slower.
Irrespective of increase/decrease in the unit cost of production/purchase, the business may choose to negatively influence potential growth with a price increase.
If the margin was 30% on say a 100B cost, the retail is 130B. If the retail price is increased by 15% to 150B, that reflects a margin of 50% over cost.
The retailer could afford to have sales reduce in volume by 40% and still break even from where they started. If 100 sales per day were made at 130B, that's the same profit as 60 sales at 150B.
A classic case of pedalling slower to go faster
If they don't lose 40% of sales, they're in the money. If they maintain sales, they should think about increasing the price again, or increasing production that is funded by the additional profit rather than owners capital.
Many companies in the west (mine included) will recognise that periods of high demand is the best time to increase prices.
Curiously, it also works the same when sales slow down - especially if your remaining customers are a small combination of loyal returning customers, plus casual walk-ins. Increasing the price has a habit of increasing profit in this scenario as well but is subject to more complexity based on product desirability. Used properly it's a useful tool - used unwisely will take you to the wall quicker, but with less pain. Assuming your pricing is "at or near market" but sales are slow and slowing, reducing price is the last thing that should be considering.
And for those that don't understand deflation versus dis-inflation, do some googling. They aren't the same thing.
Deflation means goods get cheaper, disinflation means that the rate of inflation has reduced from the previously measure period. Big difference.
If we get to a period of sustained deflation that is not caused wholly by cheaper oil, bend over and kiss your balls goodbye.
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That's a cheeky shot of her right butt cheek on the link.
It would be too much to hope that it wasn't the same little monkey that bit the Russian boy a few weeks back - he (the monkey) was supposed to be captured and relocated.
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Looks an innocuous sort of bloke, almost like a game show host.
I wonder what the motives for his murder were?
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World Nomads - the best ever cover for professional travellers. Have different levels of cover involving sports and adventure tourism. Highly recommended by me.
I and my son have made several claims, mine was in excess of 200k Baht.
Hassle free process.
Can renew the policy from abroad, no restrictions about taking out a policy before you leave your country of residence. Priced attractively.
The only serious restriction they have is that you cannot stay at a "residential address" abroad for more than three months continuously. Which should be no problem for your friend, and there are ways to beat that rule anyway.
EDIT: for clarity, World Nomads can be purchased by any nationality from anywhere in the world, at any time. It's designed for those who are travelling or even working extensively abroad over long periods of time - and I mean years, not months.
As an aside, if she's doing a lot of travelling in SE Asia, suggest she gets her bike licence before she leaves home - otherwise a claim resulting from a bike accident won't be entertained (not just by Nomads, but all insurance companies).
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My last experience with a hiso involved her pushing past 8 or 9 other customers and me to get to be served first. I observed her gleaming black Merc outside. Double parked it in a virtual one lane soi with traffic struggling to get past..
It was my turn to be served, only wanted a pack of ciggies and a lighter - left mine at home by mistake.
She pushes through and plants herself to my right, thrusts her small basket of purchases actually over my shoulder and on the counter in front of me. She barely opens her mouth before I firmly (but accidentally ) stepped on her left foot. Open toed jobs, probably Gucci.
She gives off a slight squeal, I offer a profound apology in my best Thai, and string on the end of my apology a request for a packet of LM ciggies and a lighter to the cashier.
The cashier served me with the biggest smirk I've ever seen from a Thai as she served me and gave me change, and the hiso woman stood there with her mouth agape, before she strung off a few lines at me in Thai that I figure were far from flattering.
I understood enough to know that she said she was a Thai Lady,I have no manners and was a rude Falang.
I gave her a "mai sohn jai" and flicked the imaginary hair underneath my ear a la a classic Thai soapy as I exited. The ten or so people at the counter were all fit to bust themselves laughing - the widest Thai grins you've ever seen.
LM Ciggies 66 Baht.
Lighter 12 Baht.
The look on the hiso girls face, priceless.
The icing on the cake - as I was leaving there was a sidecar vendor squeezing his bike through the narrow gap left by the Merc, his roof support smacked off her drivers side mirror. Needless to say, he did a runner.
I took the back way to where I was going, checking my mirrors continuously for a maniacal Gucci shoe wearing hiso driving a one mirrored black Merc with evil intentions on her mind.
Some days are just so good!!
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Only two of you in the same village? I'm not sure that 'two' constitutes a list.
However, I take your point.
Next time they come knocking, have a fake beard and wig at the ready - that will totally eff them up.
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The OP implies the price increase is the first in 4 to 5 years that he has been a customer of the business.
I'm assuming it's not a big ticket item as he also implies he is a regular and frequent customer, so I'm guessing we're talking food related.
I'd like the OP to tell us the numbers involved.
I'm gonna laugh my tits off if it's a snack that's gone from something like 60 Baht to 70 Baht, being 15%.
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In a country where you see people at the Land office selling their homes/farms/condos holding bags or cases of the actual folding stuff, why would he want to go to the trouble and expense of getting a cashier's cheque just to buy a car of what value, half a mill??
I've done a bit of business in Thailand, and never yet seen a cheque, cashier's or otherwise.
Tell him to save himself the hassle and bring a brown bag. If he doesn't show up, you'll have your answer.
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All these motorbike rentals that conveniently don't have any insurance for there bikes, of course they do, you cannot get a tax disk without at least the government tax which everybody has to have.
They should make it law that all rental bikes are fully covered including theft and not try and con tourists into paying over inflated price.
Good luck with getting anything more than 3rd class insurance for a bike/scooter under 250cc in Thailand. It doesn't exist.
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Be aware that most Thai business owners have no concept of gross v. nett nor budgeting.
Most Thais have no concept of arithmetic at all.
I remember a restaurant owner, who used to count the empty bottles at night, to calculate his beverage sales, only to learn, that some of the staff disposed some empty bottles every day in the garbage can around the corner.
There are so many scams here it ain't funny. But if that was the extent of his stock control, well he was asking for it. Even rock solid systems can be overcome by an avid pilferer.
I know a chap (bar owner) that was doing great business but was still losing money. He asked me to help him out. He had a computerised system but he couldn't work it - bit of a dinosaur.
First thing I uncovered was the beer being delivered and paid for was under delivered. Five cases ordered, four cases delivered, five cases paid for. The same with spirits. Supplier and staff divided up the profit end of month. Solution - don't let the staff order, receive, or pay for the stock - simple, but he was too trusting. Changed the supplier obviously.
Next, the old "delete" button on the software. Staff would charge for the drinks served, get the payment, and then before receipting the cash they would delete a few (actually a LOT) of the sales - untraceable in the software and reports. Money pocketed end of night. Solution, the software allows you to remove the delete button.
Then it was the "just walk out with the stock" trick. Taking out the boxes of empties, but include a full box while you're at it. Cheeky buggers! Solution - cameras, proper stock reconciliations, and just be more aware. It's often the simplest things we ignore that leave the place exposed.
Next, cash straight from the till. Unless you're a bank, cash should accrue in the till. As an owner, he should have been roughly aware of the hourly sales and simply clean out the surplus cash two or three times a day, leaving enough for a reasonable float and not enough to nick. They can't nick it if it's not there. And even they know that if you clean them out of cash, do a roaring trade selling 50 beers in the next hour, then the cash should reflect that when you next take the surplus.
And learn how to use the software properly - it maybe can't stop them from ripping you off, but if you can drive the software (or a paper based system) and know how to reconcile things properly, then you'll know sooner rather than later that something is amiss.
Also, be aware that if your customers suddenly start complaining of being over charged or short changed, then you've probably managed to seal up most of the leaks. If they can't nick it off you, they have no resort but to have a go at the customers.
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Yes ,but only around 200 billion Baht in REAL money : GOLD.
I suspect that in the event of complete social breakdown, toilet paper will be more valuable (by weight) than gold.
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Whether you're an individual, a company, or a government, debt is (and always will be) the cheapest form of equity.
With the obvious proviso that the cash generated from the use of the debt should be more than the debt servicing costs.
In other words, don't borrow to consume. Borrow to invest or improve productivity.
Read my quote from gold ol' Oscar below.
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There is no "off" button for my hangover.
Fortunately they only occur on the days of the week which have a "y" in them.
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The miracle is that the BIB actually answered the calls - seven of them to boot!
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I think an identikit picture would have been more appropriate, and equally as useful in identifying him.
BIB morons. No, I take that back - I'm doing the regular morons an injustice.
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I love threads about starting a business in Thailand.
I mean nothing wrong with the idea at all.......provided you've operated a business before, know about cash flow and business accounting, understand the labour, tax, and business laws of the country you're doing business in, can speak the language at least to beginners level, can train, motivate, and manage staff, and know what working capital is and have enough of it.
Doing the actual "business" is the least of your worries.
Otherwise, I suggest you just burn the money. It will be less stressful and achieve the same result.
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I saw every single one of them on Walking Street.....and that was only last night!
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Sorry Thailand, the quantum of the problems are so huge it will take generations to actually see any significant changes.
I just spent a few hours watching a favourite old movie, Quest for Fire. Cavemen unable to create fire so had to search for a flame.
I'm afraid the Thai government and administration are in the same class of skill as the cavemen, they really just don't know how to start the fire yet.
It will be their grandchildren's generation that will (hopefully) finally figure it out. Until then folks, it's just gonna be more of the same.
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The question is far too broad. The OP should do some reading and develop a budget - plenty of aids on the net to help you.
But I know of a business I've done some advising to. Small bar with four rental rooms. Turns over 20k a day average in the three months of high season, 5k per day in 9 months of low season. Five thousand a day is about break-even. In high season, accommodation accounts for half the turnover.
The bar has a strong local following and strong support from high season return visitors.
Profit for the year is in the region of 400k, and generates about 300k cash to the owner. It doesn't break the almost international golden rule for a small business in returning 10%-15% of turnover as profit.
As a way to make a living, it ain't gonna happen, but with a ROI of 30%, it's a pretty good investment.
Is there any "car audio store" in Pattaya?
in Pattaya
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You can't walk down Suk without falling over car audio shops and tyre shops. There are more of these than 7/11's.