Are you one of perhaps a lot of people who would like to quit their jobs or sell their businesses in 2016 and retire early in an exotic location like the island of Bali, Indonesia? This tropical island paradise is tucked away in Southeast Asia, yet relatively close to Australia. Apart from what the island has to offer in the way of beaches, water sports, mountains, accommodation of all types, excellent cuisine, friendly people with wonderful expression of their traditions, it’s a place where many feel that they could retire and spend the rest of their lives.
The only problem is, a lot of them can’t afford to retire fully yet as they still need to earn money. Many will think they can simply move and open or buy some sort of business: a shop, restaurant, bar, guest house, even hotel. However, there’s quite a bit more to it than that. I know from my own experience!
“How to Start a Business in Bali” is a well- researched and written business guide by Bali entrepreneur Mike Henry. It’s 100 pages of fact without any attempt to disguise the truth. The reality is not all ‘doom and gloom’, however, as Mike has included in-depth interviews with several other successful Bali expat business owners, each from a different field of endeavour. This gives added invaluable insight into the topic. He also provides a list of resources essential for anyone planning on living and working in Bali.
Having lived on the exotic Indonesian island myself about ten years ago now, and trying to do just this, I also know the potential pitfalls. I wish I had had a guide to work from at the time, as not a lot has changed, particularly regarding bureaucracy – something SE Asia has a wealth of – especially when foreigners try to start businesses in Bali or, for that matter, somewhere else in the region.
Quite simply, you need to get to know the local rules and follow them. It’s not only about starting and running a business, it’s interacting with the resident population, even if your customers are likely to be other expats and tourists.
And speaking of other expats in Bali, this is quite a strange community. Other foreigners living in the same place as you are not necessarily going to become friends. In fact it can be the opposite. There’s a lot of competition in some types of business, and you need to be careful not to tread on someone else’s toes.
I would say this is the de facto (if not the only!) guide to opening a foreign-owned business in Bali or other location in Indonesia. This inexpensive ebook is a ‘no-brainer’ for anyone thinking of going into business anywhere in Southeast Asia.
Learn more about “How to Start a Business in Bali” in 2016. Buy and download it using PayPal or credit card. Well worth $25 in my opinion, as it could help save you from financial ruin!