Bali dreaming

baliventure

Thank you for accepting me as a member. There is so much to learn about living in Bali. We hope to start a small restaurant/food truck and maybe buy/rent a villa to rent out when borders open. We are waiting on our Covid jabs then hope to visit Bali via Jakarta and the 5 days quarantine. Hopefully we can assess business opportunities whilst there in person. I assume we need a letter of introduction from a Balinese business in order to receive the relevat Kitas. Seems complicated but definitely doable? Are we crazy like some people have told us or should we pursue our dreams? Look forward to any advice from Balipod members - thank you

spicyayam

From what I understand most people coming here now come on business visas, and agents act as the sponsor. What areas are you looking at to live?

PERtoDPS

spicyayam wrote From what I understand most people coming here now come on business visas, and agents act as the sponsor. What areas are you looking at to live?

That pay for an agent save yourself the headache, PM if you want details of mine, but many others equally as good.

Markit

baliventure wrote Thank you for accepting me as a member. There is so much to learn about living in Bali. We hope to start a small restaurant/food truck and maybe buy/rent a villa to rent out when borders open. [COLOR=rgb(226, 80, 65)]You have possibly been living in a cave for the last 5 years but just to catch you up a little - there are hundreds, if not thousands, of restaurants that have, or are presently going broke at the moment here on Bali. You seem to share the mass delusion that running a F & B operation, be it truck, warung or resto is an easy life. IT IS NOT and you will lose everything you have trying it unless you have extensive experience in the field. Ditto for rental villas!!![/COLOR] We are waiting on our Covid jabs then hope to visit Bali via Jakarta and the 5 days quarantine. Hopefully we can assess business opportunities whilst there in person. I assume we need a letter of introduction from a Balinese business in order to receive the relevat Kitas. Seems complicated but definitely doable? Are we crazy like some people have told us or should we pursue our dreams? Look forward to any advice from Balipod members - thank you

You clearly have done absolutely no research or fact finding BUT luckily you have landed here. So start with the "Search" here and when you are thoroughly pissed off with that THEN start asking questions of the members - we know everything you want to find out but are bored with spoon feeding. SEE we have answered the same GODDAMNED questions many, many times. Go with God, but GO.

harryopal

Hope for the best prepare for the worst. In Australia, pre-covid, one in three [B]new small businesses[/B] in [B]Australia fail[/B] in their first year of operation, two out of four by the end of the second year, and three out of four by the fifth year. No idea what the rate is here in Bali but I doubt it would be better especially now

baliventure

spicyayam wrote From what I understand most people coming here now come on business visas, and agents act as the sponsor. What areas are you looking at to live?

Hi not sure about locations as there are so many options - perhaps outside of Ubud or Canggu. At this stage we are only making enquiries as I doubt the world as we knew it over a year ago will return for some time (if ever)Thanks for your response

baliventure

PERtoDPS wrote That pay for an agent save yourself the headache, PM if you want details of mine, but many others equally as good.

Thank you - I will contact you when the time comes - much appreciated

baliventure

JackStraw wrote You should have listened to the people that told you that you were crazy. They were right. Now, if you can use that as inspiration and prove them wrong then all the power to you and I hope for your success. Just letting you know the failure rate for someone coming to Bali trying to do exactly what you are doing is extremely high. Good luck amigo.

Thanks for your comments. Glad to know we are a little "loco" and will take your comments on board

JackStraw

baliventure wrote Thank you for accepting me as a member. There is so much to learn about living in Bali. We hope to start a small restaurant/food truck and maybe buy/rent a villa to rent out when borders open. We are waiting on our Covid jabs then hope to visit Bali via Jakarta and the 5 days quarantine. Hopefully we can assess business opportunities whilst there in person. I assume we need a letter of introduction from a Balinese business in order to receive the relevat Kitas. Seems complicated but definitely doable? Are we crazy like some people have told us or should we pursue our dreams? Look forward to any advice from Balipod members - thank you

You should have listened to the people that told you that you were crazy. They were right. Now, if you can use that as inspiration and prove them wrong then all the power to you and I hope for your success. Just letting you know the failure rate for someone coming to Bali trying to do exactly what you are doing is extremely high. Good luck amigo.

harryopal

As Markit suggests, use the search engine as there is already a lot of relevant information posted. Tens of thousands of Balinese have lost their jobs with the economic downturn and this has resulted in many turning to food making and selling as a means of getting some income. Long established warungs and restaurants are struggling and lots of closures. Even when borders reopen Indonesia is unlikely to have control of Covid so this country will probably be listed as inadvisable to visit by the trip advisories of many developed countries. It may take some years before tourism moves back to good times. Nothing is impossible but your planned visit to check things out is essential before committing any capital to the proposed venture. Good luck.

baliventure

harryopal wrote Hope for the best prepare for the worst. In Australia, pre-covid, one in three [B]new small businesses[/B] in [B]Australia fail[/B] in their first year of operation, two out of four by the end of the second year, and three out of four by the fifth year. No idea what the rate is here in Bali but I doubt it would be better especially now

You are quite right and I appreciate the reminder regarding the statistics of successful new start ups. Will definitely proceed with caution. Cheers

baliventure

Markit wrote You clearly have done absolutely no research or fact finding BUT luckily you have landed here. So start with the "Search" here and when you are thoroughly pissed off with that THEN start asking questions of the members - we know everything you want to find out but are bored with spoon feeding. SEE we have answered the same GODDAMNED questions many, many times. Go with God, but GO.

Thanks for the straight talk and apologies for asking questions that many have obviously asked prior to myself. I have done some research to date which is how I discovered this Forum in the hope that we may learn from others experience. Will check the "Search" function and see what I come up with

baliventure

harryopal wrote As Markit suggests, use the search engine as there is already a lot of relevant information posted. Tens of thousands of Balinese have lost their jobs with the economic downturn and this has resulted in many turning to food making and selling as a means of getting some income. Long established warungs and restaurants are struggling and lots of closures. Even when borders reopen Indonesia is unlikely to have control of Covid so this country will probably be listed as inadvisable to visit by the trip advisories of many developed countries. It may take some years before tourism moves back to good times. Nothing is impossible but your planned visit to check things out is essential before committing any capital to the proposed venture. Good luck.

Thanks for your response - we have not committed to anything and certainly won't in the near future. I guess we are testing the waters at the moment and trying to amass as much useful information as possible so we will be well informed when the time comes (if ever) to make the jump. Kind regards