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#407141 - 05/06/11 03:50 PM Re: Buying local business. [Re: ]
Glenn in RI Offline
Originally Posted By: elbert
Good managers can do it, trick is finding the good managers.


Agree! That applies no matter where you operate though. With unemployment what is is, is finding good people that difficult? If so why?

If that seems like an obvious question, please forgive, I'm on the outside looking in.

Originally Posted By: C2C
Yes. It's not a job, it's a lifestyle.


Yeah about that...I'd like to work a little less and enjoy life a little more. I used to change the oil in my car for years. I finally figured out that for a couple bucks more there was a whole industry willing to do it for me. This is kinda like that.

Again, I just trying to figure out what those barriers to sucess are. As a Risk Managment friend always says, it's not about risk elimination, it's about risk managment.
_________________________
Glenn
Catchy phrase not included.

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#407143 - 05/06/11 04:08 PM Re: Buying local business. [Re: Glenn in RI]
C2C
Originally Posted By: Glenn in RI
With unemployment what is is, is finding good people that difficult? If so why?


Pick your poison: no work ethic, poor education/abilities, "anti-slave" mentality, "island time", alcoholism/drugs, and the list goes on. There are a few good people out there but they're all employed.

Originally Posted By: Glenn
I'd like to work a little less and enjoy life a little more.

When I write it's a lifestyle, I mean it is just that 8 days a week. So find a business you love. There are business owners clamoring for someone trustworthy they can leave manage their business for a week or two just to get a break. Now there's a job for you.

Originally Posted By: Glenn
Again, I just trying to figure out what those barriers to sucess are. As a Risk Managment friend always says, it's not about risk elimination, it's about risk managment.

Come visit. It won't take you long to figure it out.

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#407217 - 05/07/11 01:47 PM Re: Buying local business. [Re: ]
Glenn in RI Offline
Originally Posted By: C2C
Originally Posted By: Glenn in RI
With unemployment what is is, is finding good people that difficult? If so why?


Pick your poison: no work ethic, poor education/abilities, "anti-slave" mentality, "island time", alcoholism/drugs, and the list goes on. There are a few good people out there but they're all employed.


Wow, that's quite an indictment.

Originally Posted By: C2C
Come visit. It won't take you long to figure it out.


Just left actually, but that's a visitor/tourist. Which doesn't really lend itself into the insight of the locals, or people that actually live there. The underbelly if you will. Hence my questions.


Edited by Glenn in RI (05/07/11 01:49 PM)
_________________________
Glenn
Catchy phrase not included.

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#407364 - 05/10/11 06:12 AM Re: Buying local business. [Re: Glenn in RI]
JdeVerteuil Offline
Glenn,
Glad to hear I am not the only person that will attempt such a venture. I am retiring from my current job in 5 years and will move to Belize. Like yourself I plan on keeping busy by investing in a business. I did look at a few that were for sale and even contacted Hugo Miguel, Vista Realty to further my interest nationwide.
I did accept from the beginning that as long as I broke even while "Observing" from the states I would be satisfied. Lots of great advice from the folks on this website.
I came to these conclusions, I am not buying a business there until I retire. I will start my own business when I get there, this will maximize my water time.
I have id'd several potential business ventures for the area, My advice is for you to research the area and determine a niche that needs filling and go for it.
_________________________
John deVerteuil

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#407374 - 05/10/11 09:23 AM Re: Buying local business. [Re: JdeVerteuil]
Glenn in RI Offline
Originally Posted By: Future Ex-Pat
I came to these conclusions, I am not buying a business there until I retire. I will start my own business when I get there, this will maximize my water time.


What brought you to that conclusion?
_________________________
Glenn
Catchy phrase not included.

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#407457 - 05/11/11 03:27 AM Re: Buying local business. [Re: Glenn in RI]
JdeVerteuil Offline
As stated above the reliability of the person I leave there to run the business. I am not a micro manager but I do want visibility of the on goings, not sure if I would have the trust.
Secondly; it allows me to visit repeatedly and determine the business I think will make a good fit for Belize and myself. I have some ideas, but I need to build the pesonal relationships with ex-pats that live full time in Belize. I have no doubt what I want to do will succeed but as we both know location location location.
If I am lucky and find that ex-pat or local that would be a good partner then I will make a move, but again I need to make sure I have done my homework.
_________________________
John deVerteuil

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#407458 - 05/11/11 03:30 AM Re: Buying local business. [Re: JdeVerteuil]
JdeVerteuil Offline
OOPs as far as maximizing the water time: The business I will choose to opporate is not to fund my living in Belize, I have enough for that. It is to keep me occupied and to help the local economy.
When I retire it is to enjoy the fruits of my labor and travel.
_________________________
John deVerteuil

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#407476 - 05/11/11 09:47 AM Re: Buying local business. [Re: JdeVerteuil]
Glenn in RI Offline
Originally Posted By: Future Ex-Pat
As stated above the reliability of the person I leave there to run the business. I am not a micro manager but I do want visibility of the on goings, not sure if I would have the trust.
Secondly; it allows me to visit repeatedly and determine the business I think will make a good fit for Belize and myself. I have some ideas, but I need to build the pesonal relationships with ex-pats that live full time in Belize. I have no doubt what I want to do will succeed but as we both know location location location.
If I am lucky and find that ex-pat or local that would be a good partner then I will make a move, but again I need to make sure I have done my homework.


Thanks John, that clarifies.
_________________________
Glenn
Catchy phrase not included.

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#407500 - 05/11/11 12:18 PM Re: Buying local business. [Re: Glenn in RI]
reaper Offline
Many people get off of the airplane and develop Caribbean Fever. They then buy a business that they could have started on their own for 1/3rd as much.
Make afew more trips down and speak with as many ex-pat business people that are willing to lend advice as you can.

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#407598 - 05/12/11 10:55 AM Re: Buying local business. [Re: Glenn in RI]
Diane Campbell Offline
And then there was this guy who took a chance and pursued a wild dream like bringing a bunch of people to Belize to jump out of airplanes. And lots of people told him he was nuts ......
:-)

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