Anyway just joined forum today and hopefully I'll be around for a few weeks.
Greetings
Gareth

This is indeed good sound advice.Spitfire wrote:Welcome to the forum indeed.
Teaching aside, there are few options other than retirement or tourism, but teaching will probably give 30-40k a month here and is good to get your feet level and used to the place, not going to be buying houses or cars etc, especially if you have a family.
I wouldn't even consider opening any type of business anywhere in Thailand until you have resided in that location for a year or two to get a feel with the place as it can be so deceptive when you start talking business.
I, too, have thought about this and I reckon the 'top and tail of it' is that you need money to make money, same for the Thais too, the rich seem to be able to do it and most of the rest struggle and end up in debt, that's how the system is configured, it designed to be close to impossible short of having lots of money.
For example, if you wanted to open a 7-11, then the deal is about 2.5-2.7 million baht cash, you find two managers to go on a 3 month course at their college and the banks will finance you the rest, which is about 1-1.5 million baht depending on how big it's going to be. They say though that you pay off the bank and get your money back in 2-3 years depending on location. Nice if you've got the spare cash. Have you every seen a failed 7-11, very few.
Other businesses are a huge risk for so many reasons and you need enough money to survive for a year and make nothing to become known about and, even then, it's still a fickle environment as you have to deal with people trying to make problems for you or copying what you do, whether Thai or foreigner. Everything is stacked against you, generally they don't want us to be successful here, they want us to spend, not earn. There are those that survive and make a living here but they are in the minority, there are of course a few exceptions, but few.
Only spend or invest what you can afford to throw away, still a very true old saying here. If you are young then bide your time and get to know the place properly before doing anything like business, the highway of business here is littered with failures.
Don't want to sound to negative, just a blast of devil's advocate.
Good luck with whatever you do.