Why are businesses in this country so quick to start up and fail? Most coffee shops around here last about a year, maybe two before dying and being replaced by a salon or other coffee shop. Which then also gets replaced the next year.Is it a Thai thing or Asean thing?
>>217862577Most businesses fail. I’m sure that’s true in Thailand too.
>>217862577SEA "entrepreneurs" always set up the most saturated business idea ever with the lowest cost as much as possible. Nobody is going to drink in another fake ass coffee shop with 20 others in the same street.
40% of sole proprietors close their businesses within a year in my cunt
money laundry/inheritance tax evading scheme
>>217862888>>217863629Ah that makes sense
>>217862577Starting a business is hard. 50% of startups fail in the first five years.
>>217862577Unironically the USA's fault
>>217862577I don't get how thirdies fail at businessyou have infinite land, and can have infinite manufacturingjust make some custom wooden tables and export it like chinathere is so much demand for manufacturing of artisan productsthere was a famous russian bicycle maker who only made highly specific parts (titanium bicycle fork), and people all over the world were ordering from him, until the ukraine war happened
>>217862577that's how capitalism worksonly the best performing businesses get to survive, others get filtered out quickly
