Incorporation
And so it begins. Armed with a wad of cash and approximately 6 years 10 months of Myanmar experience, I decided to set up shop in Myanmar. All on the basis of trust in the people and trust in my instinct on the first movers advantage. Known as one of the worst places to do business, Myanmar is indeed a challenging ground, but in difficulties, there lies opportunities. And what's there to lose when I am still single? More over, my business partner is willing to be based in Myanmar. Among the business community, we always have this invisible rule; If you can't be based there, don't do business there. This is what every businessman who make or break have come to learn in the fatherland. Reason being: 1) The locals are very lazy, they only work, when they see the boss around. 2) Dishonesty among the locals are growing as income gap widens, have heard of horror stories whereby office equipment are all stolen by the employees. 3) Foreigner bias. Yes, the countr...