My 3.6 Million Peso Loss In The Philippines
Автор: That Philippines Life
Загружено: 2025-12-20
Просмотров: 29492
It’s hard to believe, but I dumped over 3.6 million pesos into my beach bar venture in Roxas City. In this video, I’m sharing the brutal truth about what it’s really like to start a restaurant business in the Philippines as a foreigner.
From supply chain nightmares involving multiple inter-island ferries to the endless red tape of permits, I break down exactly where the money went and why my "Western quality at local prices" model was a recipe for disaster. I also explain why I finally decided to hand over operations to my partners and why, despite the massive loss, I don't regret the experience.
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Michael Onstad
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Timestamps:
00:00 - The 3.6 Million Peso Reality 02:40 - My Biggest Mistake: Pricing vs. Cost 07:48 - The Supply Chain Nightmare in the Islands 11:18 - My Advice for Future Entrepreneurs
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