You didn't even mention the Corripios, the Vicinis, Cesar Englesia, Molinos Modernos, etc.
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Best Business in the DR
What a party pooper...
This is true even in highly developed economies. Take London’s empirical financial juggernaut for instance. For every ten successful financial schemes, there are no less than one thousand failed ones. Many scams and ponzi schemes.
What limits your earnings in the DR is the market you tap and target. If you target the local market, you’d already limited yourself to a 10 mil potential. If you target the export market you have few limitations. If you target both, you would cement your biz and have no limitations on growth potential.
Take Bon as an example. They are a conformist type of biz. Their potential lies externally. A vast untapped market, only halted by greed within its own ranks.
Look at NEDOCA, once a market leader nationally turned a substituted appliance brand with low quality wares from abroad.
Yet, look at Cristal! A once diminished national retailer, turned exports oriented and still expanding.
The local market is for a biz that you’ll make use of to live a very comfortable life with. That’s the truth for 80% of biz here.
The other 10% is for exports and the extra 10% is for the large scale biz, with national coverage, therefore national sized income.
You returns are dependent on your investments.
Invest little, see little returns.
One way to mitigate and manage risks, is to spread your investments in the DR.
A jack of trades, king of none.
I made really good money with a unregistered taxi van. I still maintain you can can pull down some decent change doing that as long as you stay away from airports.
You proved my point so don't backpedal on this one. Only with your "special contacts" and mysterious "partnerships" can anyone make any money in that country. By your own words, you have made business success in the DR a mystical experience. Logistically speaking, the DR is a complete disaster. The chain of products from first producer to end user requires Houdini to make it work.
Foreigners, spare yourself unnecessary anguish and torment. DO NOT invest in this or any 3rd world non-English speaking country. You're out of your waters in a sea of sharks. How many more must fail and lose everything before Pichardo's post gets through your thick skulls?? He has his arcane knowledge of alleged business survival techniques within the DR of which he claims he has profited nicely from.
If his claims are valid they are sure as hell not reliable. There is NO WAY you could replicate his alleged results (no evidence at all) even if he sat next to you and offered a cookie cutter plan towards financial independence in the DR.
Those who are successful in the DR began in the DR with pesos. For the rest of you pikers, the moment you exchange a hard currency for a worthless one (the DR peso) you have already begun the descent towards financial catastrophe. The decline in the peso over time will outstrip any gains you will more than likely never see.
As for the large MNC who set-up shop in the DR, let them to their game. They hedge losses in ways that are not accessible to the hoi polloi. So, please just save yourselves and us the anguish and despair which will most certainly accompany the pikers who think they have a sure bet when it comes to gambling, oops investing, in the DR!!!
How do you explain my successful business then? I didn't have any special contacts or mysterious partnerships.
I'm in the Logistics business, BTW.
I'm in the Logistics business, BTW.
For every success, I'll bring you a 100 dead bodies, economically speaking. Every single Dominican and Foreign Piker and Peddler who saved up dollars in the US and Europe to exchange them for worthless pesos to build their villa or shopping center or purchase an apt. has immediately seen a loss just from the exchange.
Add to that the expenses of maintenance and materials which are always dollarized, you can not win in that game in the long run. The peso just declines at a rate by which losses will always outstrip gains. I've spoken to hundreds of New York Dominicans who once I sat down with them and explained the math have realized the folly of their decisions. Others have come to that conclusion the hard way. They invested and come appraisal time they saw their losses. A sale becomes a fire sale unbeknownst to them!!
Logistically speaking, there are few who can survive in such an unruly and Wild West environment as the DR. Your success will be mirrored in the sampling of companies that more or less dominate the DR market. I am not speaking on that. I am referencing most US based Pikers and Peddlers who have saved up a couple hundred of thousands to fully invest in the DR only to become materially poorer.
I am speaking about the low income and middle income wage earners who through blood, sweat and tears have saved their money only to throw it away in the DR. Once again, the loss immediately begins once you trade in a hard currency for a worthless one and expect to come up ahead. Some will come ahead but so few as to not be of merit when heralding the virtues of DR investing.
In my profession "small Business Development" defined simply as businesses with net profits less than $500,000.cdn per year.
There were many variables that made or broke a business.
There is the Cultural demagraphics . Location, Management capability and experience, defined market including Target population description, once all of that was determined positive then comes the money.
Money is the least of the equation if the Management and Market are securely in place.
I have had several North American well heeled investors lookin to buy or create businesses in RD. But ,so far, they have no idea about culture nor the domestic market. So i decline to assist.
My experience is mostly in depressed areas and Micro economic zones... there are many opportunities here in RD to start businesses.... you just have to do your homework and be cautious whom you partner with.
My company is a silent partner with two Dominican businesses whom are about to expand into bigger portfolios which meet all necessary criteria.
Anyway, the RD is no different than any other developing or for that matter first world countries where up to 95% of small businesses fail within the first five years.
Well you all have a good day.
Those are tough odds.
Even for a betting man like me.
Let you know how it went if I make through my first five...
One is simply a spectator with more money than brains.. i worked for him before and above all he is a racist opportunist.
The other already has significant land holdings in RD and wants to exploit it then sell out. In other words he wants to sell off as soon as he can recoup his investment.
Neither one is that reliable nor honest in my opinion.
I am far too old to be prissing around with their likes.
Good news is I do have a good client now purchasing significant waterfront property fir new commercial opportuniyies. I cannot disclose the location as that would jeapordise the potential deal.
This guy is Spanish speaking and has been working in Latin America for decades.
He fits the mold.
But my fat arse has not danced so no deal yet.
The other already has significant land holdings in RD and wants to exploit it then sell out. In other words he wants to sell off as soon as he can recoup his investment.
Neither one is that reliable nor honest in my opinion.
I am far too old to be prissing around with their likes.
Good news is I do have a good client now purchasing significant waterfront property fir new commercial opportuniyies. I cannot disclose the location as that would jeapordise the potential deal.
This guy is Spanish speaking and has been working in Latin America for decades.
He fits the mold.
But my fat arse has not danced so no deal yet.
I said spectator because he gets people to do all the work and he just sits back and counts his money. While a speculator acti would clear that up.ually gets involved. Just thought
Businessmen are much richer than those in politics in my home country.
Yes, people increase their wealth while in office.
But the ones who are truly rich made their money before taking the oath of office.
You are either rich or have morals.
Only those born into wealth had no say on either option.
There’s a remarkable difference between a rich person and a wealthy one.
You can become rich, but you’re only born into wealth.
A rich person can just easily be bankrupt.
A wealthy person will never know poverty.
Politics are now moving into the realm of the wealthy. Only because some of them have morals and see their inaction as irresponsible to the future of their children.
Only those born into wealth had no say on either option.
There’s a remarkable difference between a rich person and a wealthy one.
You can become rich, but you’re only born into wealth.
A rich person can just easily be bankrupt.
A wealthy person will never know poverty.
Politics are now moving into the realm of the wealthy. Only because some of them have morals and see their inaction as irresponsible to the future of their children.
The idea that morals can be tied to being rich or wealthy is:
ludicrous
1 : amusing or laughable through obvious absurdity, incongruity, exaggeration, or eccentricity.
2 : meriting derisive laughter or scorn as absurdly inept, false, or foolish.
The markets (the process that makes one rich or wealthy in a capitalistic economy) do not reward morality.
Only performance.
And money does not judge the person who is making it.
Money cannot decide that you are not worthy and therefore it will not come to you or work for you.
It is that exact beauty of the markets that draws me to them.
If I buy stock X and it triples...
No one can decide that when I sell it I cannot reap the profits of my gain (except my government partner in the form of taxes I have to pay)
That said the best business in the 🇩🇴 is the one that gives you the return on investment that you seek.
Morality has NOTHING to do with it‼️
ludicrous
1 : amusing or laughable through obvious absurdity, incongruity, exaggeration, or eccentricity.
2 : meriting derisive laughter or scorn as absurdly inept, false, or foolish.
The markets (the process that makes one rich or wealthy in a capitalistic economy) do not reward morality.
Only performance.
And money does not judge the person who is making it.
Money cannot decide that you are not worthy and therefore it will not come to you or work for you.
It is that exact beauty of the markets that draws me to them.
If I buy stock X and it triples...
No one can decide that when I sell it I cannot reap the profits of my gain (except my government partner in the form of taxes I have to pay)
That said the best business in the 🇩🇴 is the one that gives you the return on investment that you seek.
Morality has NOTHING to do with it‼️
You can’t be Pious and rich at the same time!
Rich people lack a moral compass.
Wealthy people tend to practice philanthropy above average people.
Highly intellectual 🧐 people, like those geniuses a dime a dozen, lack even basic morals. They see everything black or white.
They tend to focus on an intellect based answer above morality.
Morality is everything if you want to be humane.
The more money, the faker and empty the people you’ll find.
The day you want to learn how miserable your present life is, pack everything you can’t possible live without in two pieces of luggage.
🧳
Step out of your home, put them in your car’s trunk and only then, walk back into the house and you’ll notice how sh i tt y your life is.
In order to maintain that s****y life and all those things, you constantly need to produce money at any cost. You don’t make decisions based on morality but profit. Each turn is a negotiation that must provides you benefit over anything else.
When you retake your morality, that’s when you start living the real life again.
Morality is present at each step of life. When you were a kid and had the chance to flip a girl’s skirt you fancied, but didn’t because you understood the shame she would had felt.
Morality is present when your business makes a ton of profit for you, yet you still don’t share that blessing with the employees that made that possible, other than their usual wages.
Generalities on both sides are inaccurate. Most if not all of us here are rich, at least from where the whole world sits. It's how we share with others that makes us different.