I’ve been remiss, time to get back to it.
It wasn’t laziness, just a series of things that consumed my attention and focus. Plus, in some measure I’m just on-hold, waiting to see if the November election results just might constitute a cure or vaccine for the current global stupidity and insanity (the only and real virus in play).
- Took the family to the beach for a 4-day holiday. In total, it was 11 of us in two cars, to Jomtien Beach, Pattaya, and back. 500 Km each way.
- Made plans and executed to locate with my motorcycle and rent a condo there at Jomtien as a 2nd home—to split my time for work and focus and a place to bring the kids during vacations.
- We did a weekend over on Koh Larn, 30 minutes and 30 baht ($1) by ferry.
- Got my Thai drivers licenses.
- Returned home to the village and started a second restaurant after the first has done so well in its first six weeks.
Let’s do some photos to mostly show and less tell, the story. Each one can be clicked to open a larger, higher-resolution version.
Family trip to Pattaya.
Condo search and acquisition.
Koh Larn Getaway.
Drivers Licenses. Yea, for some reason you get two, one for the car, one for the motorbike. Good for 2 years (temporary), renewable thereafter for 5 years at a time.
Random life around Jomtien Beach, Pattaya.
The visit back at home.
I’m pretty happy tonight. Middle of May I came to the village and within a few days decided to build a house. 7 days, 12 hours per day, 3-4 workers every day, and blew through it in 2 1/2 months.
Took the 2 girls, Chili and Wasabi—plus boy nephew Ninja—from about poorest in village to the nicest house. Put a price tag on that.
I didn’t stop. How do they make the monthly income necessary so mom doesn’t have to go work in the city, gone for months at a time, or be dependent upon me? So, I financed a restaurant, run by sister. It has done so well that I began work on a second, this one to be run directly by Yui, the GF. She was holding out for a clothing store but came to understand that people here eat every day, but don’t buy clothes every day.
It opens tomorrow, right next door to the first one. Final preps underway now.
This is how it’s done. Get them making their own money so they’re not dependent on you and…who knows what the future holds?
I’m really and solidly building a firm permanent foundation in my new home. In interesting ways, I feel what it must have been like to be an immigrant to America back when it was the Land of the Free and you didn’t have to ask any permissions. There has been zero permission asking, permits, or fees, in building of a house and starting two restaurants.
Let that sink in, children.
…Scenes from the restaurant front lines, today. First day in business. Packed house early afternoon. Sold out by 4pm.
Selling out is common in Thailand because the micro restaurants specialize in all fresh food, which Thais are obsessive about. So, you buy every day, sell every day and hopefully, don’t end up with much waste. It’s a balancing act because if ALWAYS selling out early, you’re leaving money on the table by being too concerned about losses when you haven’t sold everything.
It’s the same for all businesses, especially lending. If you have no loan losses, then you’re likely letting good-performing loans slip by and your criteria are too tight….For me, it was my OMAD (One Meal Per Day) over 40 minutes. I ate three dishes: Pork Rad Na (also available in seafood version), Khao Man Gai (chicken), and Seafood Suki Nam (Thai Sukiyaki…also available in pork version). Total cost: 120 baht ($3.87). Yes, even though I financed it all, I pay and admonish them: “EVERYBODY PAYS. NO FREE!”
…OK, so that’s about it for this update. Hope you at least find some of the photos likeable, inspiring, or whatever.