Starting a resort in the Philippines? | Big Bamboo Beach Resort
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- čas přidán 25. 07. 2024
- Expat Success Story: Interview with Big Bamboo Beach Resort Owner Mousaf in Sipalay
Join me today as I delve into the inspiring journey of Mousaf, an expatriate who has found remarkable success in the Philippines. As the owner of the Big Bamboo Beach Resort located on the stunning Sugar Beach in Sipalay, Mousaf shares his valuable insights and experiences in managing a flourishing business in a foreign land. This interview covers a wide range of topics, including the necessary legal requirements and business registrations specific to the Philippines, choosing the right location, understanding the local environment, and adapting to cultural nuances that are crucial for success as a foreign business owner. Whether you're an aspiring entrepreneur, a business enthusiast, or simply curious about life in the Philippines, this video offers a wealth of knowledge and practical advice that can help pave the way for your own success story. Don't miss out on these essential tips and inspiring stories from a successful expat entrepreneur!
Expat Life, Philippines Business, Resort Management, Sipalay Sugar Beach, Business in the Philippines, Cultural Nuances, Legal Requirements Philippines, Foreign Business Success, Business Registration Tips, Entrepreneurial Wisdom, Beach Resort Ownership
Hashtags: #ExpatLife #PhilippinesEntrepreneur #BeachResortBusiness #Sipalay #BusinessWisdom #CulturalInsights #LegalTipsPhilippines #ForeignBusiness #BigBambooResort
My first time to come across your channel and i just subscribed in support of you. I am a retired filipina nurse from Bakersfield,CA. Thank you so much for going back to the Philippines and start your business and to stay with your filipino son. Your Investment in our country would help the economy and give employment to our people. 👍❤️
If you notice here in the Philippines a lot of single young adults need a cheap place to live so there are a lot of business which are called boarding houses. Now most of these boarding is is just a small room and that's it with a shared bathroom down the hall. I think if you build a boarding house with a small studio type of room with a small bathroom and kitchenette 2 to 3 people would easily share the cost because of the amenities it provides inside the room. Just my thought.
Foreigners can’t own a land in the Philippines unless they have Filipina wife or they change their citizenship to Filipino.Foreigners can only own condo units in the PH ..Building boarding house is not feasible for them coz they need a land for it.
@@rosemendez931 I have a Pinay wife 😄
@@TheBlackManInTheVillage That’s you but Single young adults can’t put boarding houses in the PH coz they can’t owned a land in the PH .
Yea I like those minimalist style houses...Good thoughts...
I was going to say that, too. My husband is US Citizen, I'm a Filipina. My husband helped me build an apartment in the Philippines. It has 4 units. Each unit can accommodate 4 and up people. Young families, singles, students are the ones that can afford to rent it. (If you are going to consider this type of business, make sure you are not that far from school or business area.)
Big Bamboo Resort - Sipalay is now on my bucket list to come to. Thanks, CPT Trucker, for giving it exposure!
Hi Sir I support you in your blog as you support and care for our Country 👊🙏💪
My pleasure! Appreciate your comment, please write ✍️ back again soon!
Very nice
Nice one ❤❤❤
I'm about 220 Klms away from Big Bamboo Resort @Captain Trucker hope i can take a visit with my family soon.
Nice beaches wow stunning
Great beaches here!
Hi Captain, thank you for the information. Mousaf sounds like he has his head screwed on. Having had businesses for many years, one of the key elements of success is that loyalty and fairness is a two way street. There are not many businesses in the Philippines that are viable for expats. We require higher returns to offset the risks so there is little point in operating Peso denominated enterprises, leave that for the locals. Because of the 60/40 rule and the insecure tenure it's probably not a good idea to invest large sums, as the saying goes, " how do you make a million dollars in the Philippines, start with 10 million". I have wrestled with this challenge, not for me but rather if I were to meet someone, at 66 I am bound to outlive them, so what can you create to ensure their welfare after you are gone, it is possible but only if the business is denominated in hard currency. Cheers Aussie John
Lovely beach, though I was born and raised in Ph but i havent been going to beautiful scenic spots in the PH
Good morning Philippines
Good morning as always!
If you passes Cauayan going to Sipalay, that's my home town 😊
At 18:47 on your backgroud at the end of the beach are those two hills made of corals. Past those hills is a hiden cove with two seperate small beach and an island on the middle.
Good observation! You must be familiar with this beach...
@@Expat_Philippines you should explore that hidden beach. I think there is a foot trail leading to it. Im frm bacolod but I've been there twice
👍❤
a local suggestion is a very big factor... listen to the filipinos as they know...
I'm coming over from Australia February 🇦🇺 I'll be chasing you up mate. I have others as well, my brother is a Vietnam vet who has a huge mechanical knowledge, has run his own business in Darwin, and has business mates who are interested in what we are doing. I'm also good with languages and currently learning Tagalog. I'm 61 just got my black belt in BJJ and I do MMA, my brother and I come from a well educated military family. Hope to see you soon.
There’s a lot of hidden treasure there .. I know that place I think that’s Bacolod area💚🇺🇸🇵🇭 hope someday I will visit there in island..
Thanks for sharing this Captain 👍 glad you got to get the owner's honest perspective on this topic of expats and establishing business in the Philippines. I was actually curious about this resort too since I've seen it in other vlogs. I wonder how long it took Mousaf to recoup his initial investment? My dad moved to Davao from the US 30 yrs ago as retired military, having used some of his pension to invest in some businesses there to sustain him and his new family over the years. Currently he has a coffee shop with my half sister in Davao City.
We'll ask Mousaf your questions in the next video, thank you for watching!
Thank you! @@Expat_Philippines
0-7 years if you're starting from scratch to establish your customers and start earning money back... If you're buying an already honest established business 5 years to get your money back...
@@Expat_Philippines Very informative, and realistic 👍thank you for asking Mousaf. Definitely a long term commitment for expats considering opening a legit business in the Philippines.
It depends if you have a long term contract like say 10-15 years and with a legal 5% accelerations yearly then this will give the renter the stability.
Appreciate your comment and clarification...In truth, I didn't mention such things because one does NOT wanna encourage foreigners running bars here 😉
You get what you pay for. But, I always tip trike guys extra because that extra 50 or 100 pesos I give them doesn't hurt me but it means a lot to them and they are very thankful and anytime I need them they are always there for me. But, good video.
Right. When it comes workers it's always about treating people well. It's universal. Unfortunately sometimes there's been stereotypes and practices where a businessman from a certain nationality may treat other nationalities or races or whatever differently by way of humane treatment. Historically this has always been a foolish practice in the end...The golden rule. Do unto others as you would have them do to you.
👍🇵🇭❤️🙏
Thanks for watching 👍 Please come back soon.
Apply for investors visa- inquire directly to an immigration office or you can put up a business under your son's name
I'm not necessarily trying to run big business here. Not really interested personally.
Is thus resort near to Pertch Resort?
I'm not sure. It's on Sugar Beach there's a bunch of resorts on this strip...
Consider Davao province for business 👨💼
Would you say there's much difference there?
Is he talking US$ or pesos? Which area is this? Like Palawan , Davao or Cebu , Bohol?
He's talking in Dollars. This is down in Sipalay at sugar beach in Negros Occidental.
😅😅😅
Lol it's funny right. I try to incorporate humour in my material...
Where is the owner from? Thanks
Just curious, what is the relevance of that question?
@@Expat_Philippines just trying to recognize accent..no worries :)
What would your guess be based on what you heard?
@@Expat_Philippines Turkey ? Or middle east?
PTrucker, what island is this on? Davao?
Negros Occidental
Would you give me and my daughter a chance to work for your resort, my husband who is an American died due to heart attack and my daughter and i left behind.. We PRAYED dearly to our Dear GOD, that i can find a job so that my daughter continued college... Thank you Sir so much
Ma'am it's not my resort. I was just interviewing the man who runs it. I do not have any say or associated with his business...
I dont agree in how treating your workers, I build a house with a crew off 5, what I learned is reward them later fore good work not upfront, that does not work here, if you give a finger your arm is gone
I don't recall anyone mentioning anything about paying upfront? Paying upfront is customary in building a house, not running a business...Also, how would treating workers well with positivity and respect be wrong? This man has had the same staff for 12 years. I've met many of them over time and they do appear happy...
start small in here and it will take long time to ROI, worse, your neighbor will copy your business. that's what happens to sari-sari stores. that's no opinion... that's a fact. how about you go digital nomad and bring your starlink wherever you go?
Well as far as copying, isn't that one of the natures of business and competition?
@@Expat_Philippines you'll be at disadvantage if you're renting commercial space while your competitors own theirs.
@ExpatTruckerPinoy I agree with you, filipinos are free to start a big or even the least kind of business not to compete with anybody else but to have a source of income for their daily needs.
@@FelizaCamba-xc8phwell, we filipinos should also be ready for competition. the expats can also start a business here, that's fine with me, my concern is they should be aware of the risks that they haven't foreseen such as the drawbacks of a sari-sari store business, or any small-scale businesses, for example.