| View previous topic :: View next topic |
| Author |
Message |
sadguy
Joined: 13 Feb 2011
|
Posted: Sun Mar 27, 2011 8:01 pm Post subject: plausible business ventures if you were here long term |
|
|
if you're in korea for the long haul, what would you want to do? be a teacher? or eventually do something else?
i don't see myself teaching esl forever. i'm thinking about eventually opening up a business. i thought a little food shack would be nice, i like to cook southeast asian food, and there's no real authentic viet restaurant in seoul. but then i thought some more... my family owns their own hair and nail shop back in the states. all of my aunts and uncles do.
do you think it'd be profitable to have a nail shop here? i've seen a few prices and they seem to charge more than in the US. plus, you're selling a service, not a product, so there'd be very little inventory to worry about, and you wouldn't need a big shop.
and women in korea are always trying to look nice.
what do you think? |
|
| Back to top |
|
 |
hondaicivic
Joined: 01 Jul 2010 Location: Daegu, South Korea
|
Posted: Sun Mar 27, 2011 9:00 pm Post subject: Re: plausible business ventures if you were here long term |
|
|
| sadguy wrote: |
if you're in korea for the long haul, what would you want to do? be a teacher? or eventually do something else?
i don't see myself teaching esl forever. i'm thinking about eventually opening up a business. i thought a little food shack would be nice, i like to cook southeast asian food, and there's no real authentic viet restaurant in seoul. but then i thought some more... my family owns their own hair and nail shop back in the states. all of my aunts and uncles do.
do you think it'd be profitable to have a nail shop here? i've seen a few prices and they seem to charge more than in the US. plus, you're selling a service, not a product, so there'd be very little inventory to worry about, and you wouldn't need a big shop.
and women in korea are always trying to look nice.
what do you think? |
If I have an F-visa, I might do so. But, I don't plan on marrying a Korean, so no I don't I'm going to be here long term. |
|
| Back to top |
|
 |
ThingsComeAround

Joined: 07 Nov 2008
|
Posted: Sun Mar 27, 2011 9:47 pm Post subject: |
|
|
I would like to tell you your authentic plan is going to go over well, but you'd better have the ambiance of a SEAsian dive or change the recipe quickly or it won't work. Depending on who you market to, Koreans or 'other', will determine if you are a success or not.
Personally, I'd rather not own my own business. Partner, sure. Another field, okay. But my own business? Nah. I like holidays and time away from work  |
|
| Back to top |
|
 |
hittheball
Joined: 23 Mar 2011 Location: Korea, Seoul, Kang Nam
|
Posted: Sun Mar 27, 2011 9:58 pm Post subject: .. |
|
|
Hi.. I am a Korean who is working in Gwangju. I can understand what you mean. But I think it is very dangerous to have you own business here because there's only a few people earning lots of money through the business. first of all, when you is about to open your business, you feel the money you need is extremely much. (I think it will be at least 300million won in any case generally.) Then, it is hard to survive in the market because you have to invest more money as time passes. If you have lots of money and don't know how to spend them, it is okay. But hair shop or nail shop, I think it will be harder than other business i think so.;; no offense
and sorry if you don't understand me, actually i am not good at English ;; |
|
| Back to top |
|
 |
jfromtheway
Joined: 20 Nov 2010
|
Posted: Sun Mar 27, 2011 10:57 pm Post subject: Re: .. |
|
|
| hittheball wrote: |
Hi.. I am a Korean who is working in Gwangju. I can understand what you mean. But I think it is very dangerous to have you own business here because there's only a few people earning lots of money through the business. first of all, when you is about to open your business, you feel the money you need is extremely much. (I think it will be at least 300million won in any case generally.) Then, it is hard to survive in the market because you have to invest more money as time passes. If you have lots of money and don't know how to spend them, it is okay. But hair shop or nail shop, I think it will be harder than other business i think so.;; no offense
and sorry if you don't understand me, actually i am not good at English ;; |
Something like that which is cosmetically oriented would probably not necessarily be a bad investment, especially if you have that many (Vietnamese?) family members in the business. That's my 2 cents, but I got 19.98 on hittheball owning all the hair and nail salons in Korea, so you'll probably have to take him out first. |
|
| Back to top |
|
 |
sadguy
Joined: 13 Feb 2011
|
Posted: Sun Mar 27, 2011 11:10 pm Post subject: |
|
|
the thing about a hair and nail shop is that it caters to women. women are the everyday consumers. men make big purchases, women make smaller ones. and in this society, they always want to look dolled up. there's a demand for it, and there's plenty of supply, but a lot of times, it depends on location and convenience. of course i wouldn't go into this venture alone. i'd come up with a business model and propose it to other people who want to invest.
and for people who say they dont' want to be a business owner because they want to have vacation days? have you ever thought of having someone else run your store while you're away? |
|
| Back to top |
|
 |
Paddycakes
Joined: 05 May 2003 Location: Seoul
|
Posted: Sun Mar 27, 2011 11:14 pm Post subject: |
|
|
| Start a Coffee Shop... there's only about 5 of them on every corner now... why not make it 6! |
|
| Back to top |
|
 |
Mr. Peabody
Joined: 24 Sep 2010 Location: here
|
Posted: Sun Mar 27, 2011 11:19 pm Post subject: |
|
|
| Have you seen how many hair and nail shops are in Seoul these days? They're right up there with coffee shops. Better jump on the band-wagon quick! |
|
| Back to top |
|
 |
sadguy
Joined: 13 Feb 2011
|
Posted: Sun Mar 27, 2011 11:24 pm Post subject: |
|
|
| Mr. Peabody wrote: |
| Have you seen how many hair and nail shops are in Seoul these days? They're right up there with coffee shops. Better jump on the band-wagon quick! |
there are plenty, and they are usually always full. at least the ones in my area. |
|
| Back to top |
|
 |
lawyertood

Joined: 17 Jan 2003 Location: Seoul, Incheon and the World--working undercover for the MOJ
|
Posted: Sun Mar 27, 2011 11:46 pm Post subject: |
|
|
I've got a great idea!
Call it "Nails and Studs."(TM) Sort of a Chippendales meets chipped nails. Get studly men in scanty clothes to entertain the ajumas while they are getting their nails done. |
|
| Back to top |
|
 |
Mr. Peabody
Joined: 24 Sep 2010 Location: here
|
Posted: Mon Mar 28, 2011 1:55 am Post subject: |
|
|
| sadguy wrote: |
| Mr. Peabody wrote: |
| Have you seen how many hair and nail shops are in Seoul these days? They're right up there with coffee shops. Better jump on the band-wagon quick! |
there are plenty, and they are usually always full. at least the ones in my area. |
Yes, I agree. The ones is my neighborhood always seem to have a few ladies getting their nails done. If you actually have some experience in this business, I say strike while the iron's hot. |
|
| Back to top |
|
 |
|