Last updated on 2014-01-01
About the Book
Thailand has been going through a period of political divisiveness, as noted by recent protests. That said, the currency (Thai baht) remains strong, the middle class is booming, and investors are flocking to the region.
If you’ve been thinking about starting a business in Thailand, the Wood Egg Thailand startup guide will be your go-to reference manual.
Each year we hire 3 researchers (at least one local and one foreigner who live in Thailand), a native English-speaking in-country writer, and an editor, to bring you insights from multiple perspectives.
Our researchers spend over 200 hours interviewing local business people, politicians, and citizens who regular foreigners would never have access to. This is 200+ hours you will save to hit the ground running. (Bonus: When you register your eBook at WoodEgg.com you get access to all of our raw research and interviews.)
In the 2014 Wood Egg Thailand startup guide you will learn:
What these internal conflicts mean for your business (and why they might not affect you at all). (Page 40)
Why crumpling a bank note could get you in trouble. (Page 42)
Why being a farang (foreigner) works to your benefit. (Page 85)
Save time and headaches by using one of our recommended serviced apartments for short term stays in Bangkok, Phuket. or Chiang Mai. (Page 117)
What is causing smart, young employees to break out on their own? This could be the key to keeping quality talent on staff. (Page 150)
When “no” means “no” and when it doesn’t. This can have serious implications in any negotiation. (Page 160)
Most foreigners cannot own 100% of a Thai company (but here are the exceptions). (Page 210)
The only way to find good local talent to work for you. (Page 249)
Follow these steps when opening a bank account if you want the process to go smoothly. (Page 270)
All of this along with hundreds of other insights. All told you’ll get the painstakingly researched answers to over 200 questions (over 300 pages!) about country, culture, life, and business in Thailand.
If you’re looking to do business in Thailand you won’t find a more complete, up-to-date, guide.
Click to buy now.
- Near-future outlook
- Current stats
- Quick history as it affects current business environment
- Relationship with other countries
- Religion and Race
- Asia 101
- Local differences
- Personal attitudes towards foreigners
- What to wear
- Attitude towards time and promises
- Common conversational references
- How to blend in
- When not to blend in
- Recommended reading/watching
- Quality of life
- Cost of living
- Western standards vs local standards
- Language / English proficiency
- Immigration / Visa
- Where to live (short-term and long-term)
- Typical living arrangements
- Internet / Phone
- Credit card? Cash? Check?
- Availability of products/services
- What’s not online
- Differences in service standards
- Expat community
- Recommended resources
- Business Culture
- Understanding “face”
- Direct vs indirect communication
- How to tell “yes” from “no”
- Who to speak with in organizations
- Business attitudes towards foreigners
- Signals of respect
- How to build trust
- Business cards
- Signaling success
- Innovation vs status quo
- Passing-through vs Full-time
- Advantages to foreigners
- Advantages to locals
- General role of government
- Who’s who: departments you need to know
- What the government is emphasizing now
- Business Setup
- Ease of doing business
- Local partners?
- Business structure choice
- Business name choice
- Where to locate
- Real estate
- Big city vs outlying areas
- What your location says about your business
- Paying taxes
- Ongoing requirements
- Recommended resources
- Local talent strengths
- Hiring local people
- How much to pay?
- How to find good people?
- Online vs offline
- Hiring foreign people
- Step-by-step process
- Labor laws
- Recommended resources
- Banking overview
- Bank comparison
- How to open an account
- Online banking
- Paying employees
- Paying vendors
- Getting a bank loan
- Getting investors
- What if they don’t pay?
- Industry sectors
- What’s missing?
- What’s unique?
- Growing the Business
- Expanding outside the country
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