There is NO business in 3rd world countries!!!
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- čas přidán 27. 08. 2024
- This planet, from a commercial perspective is off interest in Western Europe, North America and specific countries in Asia. The rest of the planet, - unfortunately - does not have what it takes to be taken seriously. Exceptions exist, but they are the exceptions, not the rule!
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I tried to start a business in Egypt and here is the summary:
First, the bureaucracy was too much. There were too many hoops to jump through just to get a business license and visa to stay in the country. Second, there was no transparency. Any day, the government could change the laws without warning and the business could be invalid. Third, there wasn't a good market for anything other than common goods and services. There was no room for niche products as people were just trying to get by on the basic necessities. Fourth, there were not enough middle class customers. There were a few rich people and everyone else was relatively poor. So there weren't enough people to buy your stuff. Fifth, if I offered a service, the culture there was people didn't stick with anything. So you couldn't rely on a stable stream of income. Sixth, there was a culture of haggling where everyone tried to nickel and dime you over the price to the point where you couldn't make a profit. Seventh, locals could use their local connections and the government to steal your business ideas and force you out of the market. Government corruption made this easy.
Thanks for sharing what business was it?
Agree
Same thing in Algeria.
Same in libya
As an African it’s cheaper and easier to import and export to Asian countries than Europe. Your statement is based on your experience.
yes
Greece is considered a 3rd world country in Europe
it is
In europe yes, but not overall
My man made a rock solid statement with zero explanation whatsoever
Zero😂
The lack of financial resources, and the wrong perception don't help.
I live in a 3rd world country and we DO have a lot of businesses lol. We have supply chains, factories, restaurants, stores etc. We have so many foreign businesses and franchises coming here. We are most of the world population and those business owners understand *oportunity* in no saturated markets.
Fantastic to hear
Business only thrives in a stable economy he doesn't mean there is nothing he means there are not a stable strategy to thrive its only luck and taking advantage of chaos of economy which is a gable on it self
I am also looking a opportunity, I'm leaving in malta and just finding a way to open business can you please suggest me some idea. Actually I have a company in India accountancy business
I personally believe that there is a better opportunity in 3rd world countries because of weaker competition and more space to dominate. Just need to be smarter than others and have some perks.
Being born in a third world country is the worst thing that ever happened to me
Get paid by the dollar. Work for US companies Remotely. Goodluck
Dam bro it can’t be that bad
@@joel354 think about every single problem in the us and times it by 10, there are no jobs here and the education is terrible
@@sen-eye I feel you.
Im from pakistan 😂😂😂lmao@@sen-eye
The major problem isn't the mentality and the budget, the real problem is the POLICIES that the governments of 3rd world countries make as well as the BUSINESS LAWS because majority of 3rd world countries are rich in NATURAL RESOURCES which they don't even have access too because western companies and corporations bribe the leaders of the 3rd world and if they refuse, they label them a dictator, terrorist and slap severe sanctions on them, it's not that they don't want business and entrepreneurship in their country, it is just that THEY CAN'T even develop their economies even if they wanted too.
There is A LOT of geopolitics and personal interests that hinder investments and business. You must understand that without the resources of 3rd world nations in especially Africa, South America and Central America, then Europe and North America would be Absolutely NOTHING.
Overall, the only way to do business in 3rd world countries is if your business is a sizable business that already has a good following with great brand loyalty, for example, food chains like Pizza Hut and KFC absolutely dominate in 3rd world countries. Never underestimate the soft power that your country has over others, if it comes from Europe or the US, 3rd world citizens will eat it up thinking everything from the west is "high quality" so this is one thing you must take advantage of. Another thing is if your brand is popular in social media because the 3rd world absorbs whatever they see in social media more than the west.
Thank you for your answer. Everything you say is valid. The video gives a "generic" answer. The deeper reasons are ofcourse more complex and vary from country to country. I do not refer to colossal corporations. For example if you are Amazon or Google you are going to do amazing business in Greece. You are going to talk directly with the prime minister, that afterwards is going to distribute the collaboration to his family and friends. My answer is for all the rest. If you are for example a medium, healthy German business, with lets say 100 employees and want to expand in the country, you are going to face such a red tape and unfriendly business environment that at the end you are going to regret your decision.
Those policies are written by Western governments as former Colonialist occupiers. Any time a "third World" country tries to Develop, the USA with its Western Vassals attack it.
@alex.valassidis I'm in such deep waters 😂 here's my situation:
I'm from pakistan. 250 million population. Tons of opportunity.
But I'm a muslim too. So I can't receive or pay in interest hence there's no way i can get funding. I can't sell haram items like alcohol etc. I can't do the "fake it till you make it" thing in services sector because that counts as lying (haram). I can't give or take bribes. But the gangs that operate backed by the government and elite don't let local businesses operate in peace.
I'm good at English and providing various services to western individuals and firms but to be honest, western people immediately subconsciously think of terrorism when they think of Pakistan and I can feel that while talking to them. So it makes the interactions a bit awkward. Furthermore, there is no PayPal in pakistan because of the lack of security laws in Pakistan. The government and elite is basically one big mafia.
It is expensive to buy subscriptions for basic software like Adobe creative suite because when the dollar converts to pakistani Rupees, its hella expensive. Its even expensive to build a maintain a website.
My family is a 2 time immigrant. First from India to Bangladesh, then from Bangladesh to Pakistan. Hence, I have no assets or land as the local people do. So I don't earn any passive income from rent. The electricity bill is through the roof 💀 we are upper middle class because of my dad's job but we had to install solar panels because it was getting hard to afford the bills 💀 there's a whole IPP scam going on in our country. Search that up if you want to know more.
But things are good. Alhamdulillah. 😅
Its way easier to start a business in 3rd world countries
Good luck
There are no American Black owned: multi million dollar big businesses, corporations, Lending institutions, or Banks, Large Commercial real estate properties in majority Black communities and neighborhoods in urban America.
They are all owned by non Black investors and business people who live outside of the Black communities, but make multiple millions of dollars from the Black people that live in the Black communities in America.
So the story is the same worldwide: the “Haves don’t want the Have Not to own enough wealth to become totally self sufficient!”
💵💷💶💴 🟰 POWER ‼️
You have a point @laurice8056
@@AlexValassidis Trump will surely need them in his battle against Harris and Walz!😂🔥🤣
Belizean here. What to do?
Sounds like a frustrated businessman
The answer is quite straightforward it’s because business attitudes have changed towards western companies. Maybe 20yrs ago even a decade past business doors were readily accessible to western companies. Fast forward today Eastern markets led by China have become dominant in many developing nations because China offers infrastructure that western companies do not. Western companies are being systematically forced out like yours or forced to sell to Chinese firms because of China’s aggressive lobbying compared to western governments. This has ensured pro-Chinese economic policies especially in many nations in Africa, Latin America and the Caribbean. A good example is that Most minerals necessary for tech companies come from developing countries and China controls over 80% of the world mining ores. You want to do business in third world nations partner up with a Chinese firm.
You have a point Juliie
Bro are you aware that china, russia, india, golf countries, Brazil,... Are all third world countries 😂
Please leave this kind of topics to experts.
Bro, I can tell you are a very intelligent man 😄! Thank you for your opinion!
This is an ignorant take on nearly 80% of the world. Learn how to operate in less "advanced" countries. You may learn a thing or two about how peoples and businesses survived before business registration etc was a thing. Now, there are some countries I would never set foot in, but there are many other countries that people called third world that are well on the way to being shining stars.
My comments are generic and not absolute. Through our experience, there is no business in third world countries. There are exceptions, but is better you target North America or Western Europe and a dozen of countries more. The rest, most probably (unfortunately) don't have the budget to invest. Cheers
And it can all be lost in the blink of an eye due to corruption and lack of transparency. At least in 1st world countries you have more rule of law. Also, having to learn how to operate in less advanced countries usually involves learning how to deal with corruption and excessive bureaucracy. Then you have the huge lower class and small middle and upper classes that make up your potential market. You'll spend a whole extra amount of time to get the same results you would in a 1st world. Then there's just setting up a business. If you're in a 3rd world country, this can take many months and thousands of dollars just to set up an LLC let alone fund capital expenses. In my state (the US), I'll pay under $200 to set up the LLC.
Would you set foot in pakistan? 😂
Imagine if 3rd World Countries were to own their own land ‼️‼️‼️‼️
Maybe this is true in your customer target, but not for all. Not talking about primes or bananas. Some industries where 3rd world countries are a primary target:
-Battery systems
-Energy storage
-Photovoltaics supplies
-Automotive
-Logistics
etc
You are absolutely right Gustavo. The video has a generic statement, absolutely it is not always the case! I agree!!!
Then why do all the products i buy say made in third world countries??
Thank you for your comment. All physical products that you buy are either made in China, or in India or in another 3rd world country. However this mass production of (most of the times), simple products does not mean that there is a business environment in those countries. Those are mass produced, state driven products and not a result of a healthy economy. In my country, in Greece every some months the government comes out and brags about new investments from huge corporates. If Microsoft for instance invests in Greece, they speak with the prime minister directly, that does not mean Greece has a business culture. It does not. If you go there as a SMB owner to invest, red tape, bureaucracy and corruption will tear you apart.
Simple answer currency rates
@@alex.valassidis😂China “a third world country”! What did you just say??
@@sylph99 he didn't say China is a third world country. This is simple English
I totally agree.
You have no idea what you're talking about! Africa is diverse with many parts in different counties developing at rates faster than even Greece. It has an abundance of natural resources that even surpass 1st world countries. There are a lot of foreign investors from all around the world who know what levels of success can be achieved here in Africa. DO YOUR RESEARCH WELL BEFORE PUBLISHING SUCH CONTENT
Thank you very much for your opinion.
this is embarrassing to read bro, all those business have ties to the European market. Are there Africans that have a world wide market in their language? are their African's that have expanded their reach to Europe or Asia? The obvious answer is a big FAT NO. all African resources to Europe and their is nothing African's will do about it.
DO YOUR RESEACH BEFORE PUBLISHING SUCH RUBBISH
.
@@cosystudio5822 Thank you very much for your kind words and your opinion!!!
@@alex.valassidis This is interesting
@@cosystudio5822 Actually there are many African companies which have expanded in Europe and Asia MTN group is an example they have a sponsorship deal with Manchester United the 4th richest football club in the world.
Also African companies tend to be focused on catering to there local market. Western companies are exploitative as they seek to under cut and look for cheaper routes to avoid tax and competition in Europe it’s that simple.
There is no business in Egypt as such but there is business among the Copts. There is no business in India but there is in Bangalore. There is business in the USA but not in Louisiana. There is business in Italy but not in the Mezzogiorno.
Unless a country is developed enough to be financially stable, starting a business there wouldn't be wise because the economy is not healthy enough for business growth and people won't have the money to support the business.
Have you ever lived in a third world country? And which one? What their of business have you tried?
* what type of business..
I have lived most of my life in Greece, which might not be a third world country like Bangladesh, but for business is the 3rd world country of Europe. So... trust me, I know what I am talking.
When making a case out of a subjective experience that you may have had, usually your generalization destroys your logic right from the start. First of all, the 3rd world countries are the world's last frontier for unexplored opportunities. Opportunities to maximize profits. If that's not the definition of business, then you need to be a consultant in something else and not sales whatsoever.
Thank you for your opinion.
It's a good opportunity for huge investors not smaller business who Alex is talking about.
@@theplasmacollider6431 I refer to small, medium businesses. I don't mean Amazon, IBM, Deutsche Telekom or huge industrial or state business. That is a different game.
So much BS!
Thank you Denis 😀
But in my opinion greece is a lot better than Iran
I agree.
You speak English pretty dang good !
Thank you anthony
Dont listen to this old brokie geek
There are businesses in 3rd world countries, but im a teenager and im fucked and stuck in Lebanon...
At least the internet speed is good there lol where i live it's in KB
@@Zen2k4r- internet speed? It's absolute dogshit here
@@DutchPlanDerLindeFromTahiti for me it's 500KB
@DutchPlanDerLindeFromTahiti use said Dogshit to get a position as an Appointment setter or SDR for a US company.
@@zizi5721 wdym
According to you what would you consider a third world country as second world country...is Greece Ukraine Hungry a third world country, what about Thailand Vietnam china India Iran and African countries (rich in natural resources)
Business is made in developed western societies. That does not mean that opportunity is not there in Hungary, Greece or India. There is, however the chance is way less than it would be in the UK or US for example.
Any option in India
There is a lot of potential in India. Great country and great people. Most conversations we had however were pointless so far.
@@alex.valassidis any one interested work with me
It depends of you do research well and know the market
I agree Cole C. My standpoint is not absolute. Depends on many factors. There are certainly opportunities. Thank you for your comment.
It's simple - bribe the politicians and police - do whatever you want. If not they won't allow you to run your business
What I noticed in my country (Madagascar), the West comes to do outsourcing activities such as call center, writing, transcription... because the salaries are low, they set up their factories there because the materials are cheap there. and abundant. The West prevents the development of developing countries, if we take the example of payment methods like PayPal and Stripe, it is a brake on online business. Certainly there are payment gateways but uncertain.
The west had made africa, men don't work
If their is a third world then all is third world. The first shall be the last and the last shall be the first
Your English is Really well perhaps you think slower but congratulations 👍 your English sounds well and Fine
Thank you! 😃
Noiice.. this also gives a really nice help of a description of where places and foreign countries are imho are that makes for a good data for making myself a homemade pocket calander for supplementing my person of ocjrse if like zi ever jave to deal with my phone... a cell.. running out of battery or range or in the rare case of it being stolen etc. But that wah I can still have soem info and stuff on hand kf dates omprtant info etc or quick references guide to things etc etc fwiw.
I
United Arab Emirates is one of good country to start a business
Money is there, mentality wise however I'll pass.