10 Rules for business success in Thailand from highly successful expat businessman

[Goat]

Good morning.

When I think of successful expats who have really made it here in Thailand, three people come to mind.

 

1) Bill Heinecke

Heinecke had his first hotel venture in 1978, the Royal Garden Resort in Pattaya. His business ventures have included advertising agencies and other hotels in Bangkok, Hua Hin, Phuket, Chiang Mai, and Chiang Rai, as well as outside of Thailand. He also introduced American-style fast foods to Thailand in the late 1970s and 1980s – brands like Mister Donut, The Pizza Company, and Burger King. Heinecke naturalized as a Thai citizen in 1991, renouncing United States citizenship in the process. He was the president of the American Chamber of Commerce in Thailand, and sat on the Prime Minister’s Foreign Investment Advisory Council. He is a supporter of the Thai Elephant Conservation Centre, and authored The Entrepreneur, which has been translated into a number of languages.

 

https://en.wikipedia.org/wiki/William_Heinecke

 

2) Harald Link

Harald Link (born 12 January 1955) is a Thai-German businessman, industrialist, and philanthropist. He is the chairman, CEO, and owner of B.Grimm of Bangkok, Thailand. As of 2020, his net worth is estimated to be US$3.3 billion.

In 2020, Harald Link was ranked No. 12 in Thailand and No. 945 globally on the Forbes list of the world's billionaires.

 

3) Dan Cheeseman

Owns a condo in Pattaya,Inspire and Dans Dating/ Thai FarangMatch

https://dating.danaboutthailand.com/

 

Here are Dan's 10 rules for business success in Thailand.

 

If you can not open the link then here is a brief summary.

 

1.Dont listen to your Pattaya bargirl's financial advice.

2.Dont waste too much time in Beer Bars

3.Find a hobby and dont believe what you here in the bars.

4.Be smart like Dan is.

5. Listen to pocasts

6.Buy a Pattaya condo for 2.5 million baht for an income of 15,000 baht per month (minus expenses)

7.Keep a property in the UK if this advice doesnt work so you wont be homeless on return

8.Find a trusted Thai person to set up a bank account for you

9.Dont get a Pattaya prostitute for a girlfriend

10.Dont open a beer bar/ be a pimp, you wont get enough sleep.

 

Top advice all of that. BIll and Harald take note.

 

https://fb.watch/n_SGFPrD2_/?mibextid=2Rb1fB

 

 

For what its worth here are the Goat's top 5

1 Learn to speak and read Thai so you can actually converse with the 95% of Thais who can not speak English.

2. Get a good reasonably priced and recommended lawyer.

3. Its better if your lawyer's office also does accounting. Many do.

4. Get to know and socialise with your Pooyai baan, Gamnan, Local government officials and do something for your local community.

5. Get to know and socialise with other successful Thai business people. 

6. Be wary of taking advice from unnsuccessful "floggers/vloggers" 

*You will have to do 1. before you can do 4. and 5.

 

[FritsSikkink]

There are people way more successful than number 3.

Edited October 30, 2023 by FritsSikkink

[jayboy]

1 hour ago, Goat said:

When I think of successful expats who have really made it here in Thailand, three people come to mind.

 

Agreed, agreed and are you having a laugh?

[Bangkokhatter]

You seem to have a problem with No.3 why can't you just ignore all the nonsense posted on his social media like most of us do ?

[Goat]

1 hour ago, Bangkokhatter said:

You seem to have a problem with No.3 why can't you just ignore all the nonsense posted on his social media like most of us do ?

Well, there will always be detractors of successful people.

And a lot of jealousy.

Surrounding yourself with successful people is a good thing. You can learn a lot from them

[jayboy]

3 hours ago, Bangkokhatter said:

You seem to have a problem with No.3 why can't you just ignore all the nonsense posted on his social media like most of us do ?

No problem with number 3 at all. But it's absurd to put him in the same category as Heinecke and Link.The former two are $ billionaires for a start and extremely well connected.

[Jack Cook]

The best way is to (pre 2024) bring your wealth with you. Once here and settled trust NOBODY. It’s Lhailand, nice place but over flowing with liars cheats rogues and thieves. Both Thai’s and expats are just as bad. 
The chances of creating a successful business here are akin to a successful marriage with a long time bar girl. Almost none 😁

[Freddy42OZ]

On 10/30/2023 at 11:45 AM, FritsSikkink said:

There are people way more successful than number 3.

 

Yes there are more than just those 3 expats that have built very successful businesses here. 





 

[Caldera]

On 10/30/2023 at 11:45 AM, FritsSikkink said:

There are people way more successful than number 3.

 

Indeed. It would be great if you would share your 10 rules for success with us.

[stoner]

 

10 rules for dumb dumbs. 4 of the rules are about pattaya and bar girls. enough said.

[Goat]

12 hours ago, stoner said:

 

10 rules for dumb dumbs. 4 of the rules are about pattaya and bar girls. enough said.

Gee Stoner you are very critical of Dans self proclaimed huge success.

 

Anyway, here is Bill. 

Very interesting fella. Didnt even mention the Pattaya bargirls which is is a bit surprising. Maybe Dan got warn him. Nobody wants to fall down that hole.