I posted an article I thought “read pretty well” on some of the ins and outs regarding helping a family start a business here in the Philippines.
Of course it wasn’t a very complementary article, because I don’t spout any tourism-inspired platitudes here about “it’s more fun in the Philippines”. It isn’t, always.
And when it comes to using your pension money or savings account to “float” a family with no business acumen a loan to start a business here in the Philippines, and is normally no fun at all. Sorry if you wanted empty platitudes, but reality is reality.
Today I got a great comment from reader James that gave a lot more amplification regarding the subject, so I decided to feature it. Be sure to stay tuned after the quotes, I have a few interesting things to say about James and a few other people who are “doing” rather than “if only-ing’ about living in the Philippines and earning elsewhere.
I’ve yet to hear a success story about involving family in an enterprise.
Only headaches, heart breaks and fractured families.
The idea of buying things to sell abroad through eBay or similar outlets makes sense.
For the others he is better off just to burn the money, it will cause less problems. (and since I am editing this on a Sunday, I’ll also suggest a more Christian approach, one that was mentioned by at least one other reader … (ed note:just figure out what you can afford in your budget and send it as a gift to the family .. sooner or later they are going to hate you for not sending more, but at least you will get a few years of gratitude rather than feuding …)
My friend here the Banana Baron (barren) is typical. The family owns 8 hectares of land that was just sitting so he decided to plant it in bananas.
He went down and saw that the planting was done then returned to Tagaytay.
While he was there he ran into a farmer friend if the family who had 1.8 hectares already planted but who was hurting for cash. So the Baron offered to lease the land in return for the fruit come harvest time. He made the first 1/2 payment on the lease.
You can probably see the train wreck already.
When the time came he sent the money for the second 1/2 of the payment. P100k altogether.
But things were getting strange no communication so he sent his girl to see what was up (her family) (Ed note: as I have mentioned this is a TERRIBLE position to put a wife or girlfriend in. Horrible. Don’t do it, trust me guys) now he was getting all kinds of odd stories. So he went himself with the plan to oversee everything.
He arrived and , drum roll, no bananas.
The family had blown the money and the unpaid farmer cut the fruit and sold it to recoup his lost lease money. The Baron also discovered that he had sent money to buy a truck, a 5 year old Mitsubishi 8 ton. What he got was a 15 year old Isuzu 5 ton in need of all kinds of repairs. When he asked who accepted the switch the family formed the finger pointing circle.
And the price difference? Nobody knows nothing.
A month ago he set off once again to the plantation to oversee the harvest of the 8 hectares. I haven’t herd from him since the first week. Maybe went insane and is running naked through the jungle, maybe went for a walk and never returned? (ed note: Look up the term “salvaged” in the Philippine context)
Meanwhile his rent here in Tagaytay is long past due and people are asking me where he is. I’m hoping for the best.
All he really wanted to do was help the family (emphasis added)
Sad? scary? But oh such a typical story.
James and I have been in contact a number of times over the past year or two or three. One of the things James does to keep himself occupied and earn a buck or two is write.
He already has at least one book that I have reviewed and recommend.
James you can write more any time about living in the Philippines, why live in Tagaytay, and anything else you choose, I like your outlook and your writing style.
But the takeaway for today is, I have no idea how much James is making with his writing, but I guarantee it is a million, billion times more than the vast majority of you who happen by here are making from your own entrepreneurial efforts.
Want to know why?
Well, a lot of reasons. To avoid boredom, giving away business secrets and because it’s almost time for my lunch and thus time for a quick summation, here it is … your take away for today:
James is in the Philippines and enjoying some success at earning from the ‘rest of the world” for one major reason. He does something.
You out there wishing and hoping and saying “if only” and thinking up excuse after excuse could do something also. Or, you can just read and wish.
As we say her in the Philippines, “ ‘Sup to you”.