None of the 3 but if you put a gun to my head it would be the one with the least staff.
(imagine 10 workers....the torture and suffering)
(imagine 10 workers....the torture and suffering)
- Thread starter MiamiDRGuy
- Start date
Investment Choice and Why?
Agreed 100% .. None of the above. The DR is a place to come and enjoy that money, not to put it into something that will give you headaches no matter how bored you are. You have extra cash, travel and see the world.
An investment also doesn't mean open a beach shanty or a wings and pizza joint. Either way there are more sane things into which one can sink his hard earned cash. I believe they were discussed above.
I just sold an apartment building at a reasonable profit on what I paid for it, and spent fourteen years living there free of charge. If you're not looking to make a killing, but just to have a reasonably comfortable life, it can work out OK investing here.
I've always wanted half a million dollars, so investing one million in any D.R. business would work for me.
Please take a look at https://taxsummaries.pwc.com/dominican-republic/corporate/taxes-on-corporate-income and other pages in there (if you want to do it properly) and decide whether it is worth the hassle. @Manuel01 has it right
Anyone who bought anything in this country 14 years ago, regardless of what it is, and sells at today's price is going to make a nice profit.
Back when I was working and traveling a lot to the home office, I used to go to a small breakfast place nearby. (Small being a 12 seat bar and maybe 4 tables.
The guy opened at 5 and closed at 12, IIRC, and did all of the cooking himself.
All he had on the menu was breakfast items. Cheap and fast. Eat and leave, not a bunch of folks sitting around chatting and drinking coffee.
Every time I went, there was a line outside, usually 5-10 persons.
Another example of making money on volume, not price.
The guy opened at 5 and closed at 12, IIRC, and did all of the cooking himself.
All he had on the menu was breakfast items. Cheap and fast. Eat and leave, not a bunch of folks sitting around chatting and drinking coffee.
Every time I went, there was a line outside, usually 5-10 persons.
Another example of making money on volume, not price.
Not accurate. Volume sales affect total profit, price points (which are derived based on a goal margin) reflects efficiency. You can sell a shit ton of mangu and eggs very inefficiently but the overall effect on profit is in the black.