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This is the plan of many westerners that come to the Philippines and decide they want to live here.
There are many that have been able to achieve this goal and there are many more that have gone home after a few years having lost all their life savings.
Their dream of living in the Philippines and making a living is often shattered forever.
So what are the mistakes those that do not succeed make?
There are many but basically people come here with ideas on how they think a successful business should be run based on their experience at home.
They may have conducted what they believe to be the required research and developed a business plan with figures that are so conservative that there is no way it could fail. What they often fail to do is understand the local environment and take into account cultural factors.
Even when someone has been visiting the Philippines for a long time they wont really understand doing business here till they actually start living here. There is a huge difference between being a tourist and living here day to day.
Anyone successful businessperson knows that the high cost and value of experience. The smart businessperson will try to gain the knowledge and experience of others so that they can avoid making bad decisions.
If you are serious about starting a small business in the Philippines then you need to also learn from others and avoid many of the common mistakes.
Perry Gamsby has lived in the Philippines for a number of years and operated a number of successful businesses along with some that have failed.
He has committed is knowledge and experience to a book entitled Making A Living In The Philippines. The book explores the options for supporting oneself while living in the Philippines and a major part of the book is dedicated to how to go about starting and operating a small business.
This is a must read for anyone planning to do business in the Philippines. Regardless of what scale of business you plan the information contained in this book is gong to be helpful.
Find out more about Perry’s books by clicking the links on the right.
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