Starting a Business in Pacific Paradise? Tips and Pitfalls
July 5, 2011 10:32 PM Subscribe
I'm looking for guides, honest accounts and balanced sober economic plans, proposals, checklists etc on the realities of starting a small business in a South Pacific Island Country (think Fiji, Vanuatu, etc) as an American.
posted by DetonatedManiac to work & money (5 answers total) 4 users marked this as a favorite
I'm in Fiji and my impression is that starting a small business (mostly remotely run) in a climate such as this is quite doable with only modest (by American Standers) start up capital. I'm thinking something like a small variety import/export shop or a small cafe.
What intrigues me is the utter "wild west" feeling of it here, not like the stilted business atmosphere in America. I'm not thinking of building a corporate / business empire, but just a solid profitable business that is fun and exciting, gives me an excuse to travel to paradise regularly, a reason to meet and network with the locals and maybe do some good.
But while I think I know a bit more than the average bear about micro and macro economic theory, I am certainly not a business person. My thoughts are based on a gut feeling and conversations with some locals and western business owners and just sizing the situation up for myself. I have some start up capital at my disposal and am at a point in my life (rather young) that I could jump into something like this without too much risk of not being able to recoup a total loss later on through returning to more "traditional" employment.
So point me in the direction of some somber analysis of the possible upshots and pitfalls of foreign owned, (mostly) remotely managed small businesses in a Pacific Island nation, as an American.
Thanks Hive Mind