Thinking about opening a Thailand office? Already have a virtual team and are wondering what the additional costs are of putting them under one roof? Curious how much overhead and benefits contribute to total costs? The following data offers some answers, allowing you to make a more informed decision in any case. Quick Summary Starting with the big numbers: My total cost per employee is ฿37,827 per month - or roughly $1,049.75. Overhead costs account for ฿10,451 of that and consists of … [Read more...]
What’s the Life You Want to Remember One Day?
There is this popular, dramatic moment in movies where the selfless protagonist gives up their life in order to accomplish a heroic objective. Here's a secret: That's what we all will do one day. The day we die, regardless if it's the dramatic or the anti-climatic kind, we do so for everything we've done up to that point: For the relationships we cherished, for the things we built, for the know-how we shared, for the fun we had. By then, that will be all we ever did and all we will ever do. What … [Read more...]
A Cross-Cultural Management Guide to Thailand
A few weeks back I wrote about building a kick-ass team of Thai employees and how to deal with with the challenges of recruiting and assembling an awesome team. Today I'd like to look at the day-to-day management of an expat manager in Thailand. What follows is my own best practices that I came to use over the last 10 years while running a tech start-up out of Bangkok. For my own company these turned to work out quite well, but that doesn't mean it's the only or the best way to go about it. What … [Read more...]
Cost of Living in Bangkok: How I Spend ฿74,031.83 Every Month
For the last six months I've logged and categorised all of my personal expenses. This post lists them out in detail, accompanied by additional explanations, thoughts and observations. I hope it gives people a basis for comparison, helps them research the cost of living as an expat in Bangkok and provides them with an insight into how someone else spends their money. It's not meant to be guideline or a representative sample as there are many ways you could spend less, more or smarter. The … [Read more...]
The Nuts and Bolts of a Successful Bootstrapping Strategy
How do you create a company out of thin air? What's the magic that let's you grow a business with no money in the bank? Bootstrapping means doing exactly that: Starting and growing a company on a shoestring budget. My own journey to becoming a tech entrepreneur started with having literally not a single cent to my name. I picked up a job at a local hardware store as a customer service guy on inline skates. I didn't even own a pair inline skates. That wasn't terribly surprising, considering I … [Read more...]
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