Make a business in Medellin (without misspelling this time)!!!

RealEstateCOL says on Jun 25, 2009, 15:45:

If you rent a house or apartment the owner CAN´T increase the rent above the yearly inflation rate but for commercial properties there are no limits thus the best way to "protect" yourself is by having a good attorney write or check the contract you´ll sign with the owner.

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Catfish35 says on Jun 25, 2009, 16:05:

Careful NATE....
Please make sure your not suffering from "Fevre de Tourismo". 2nd time? Sounds like you may have the bug if you ask me.
Not being sarcastic..take your time. Slow down...I would not even think of the " business " word just yet!
Make a few more trips, longer, stay awhile..mix it up a bit..get your senses about you..
Just be careful..

Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."

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durito2 says on Jun 25, 2009, 16:28:

Check out the 40% occupancy in the new mall in Sabaneta if you want to see how new business are doing here. Half of em failed in the first year and the rest are empty.

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nategator says on Jun 25, 2009, 16:54:

Thanks for the advises..well i have i girlfriend here and had travel a lot in Europe, Costa Rica, Panama and then here where seems to have so many positives...The thing is that Medellin seems to be a place with a lot of opportunities and also offers you a very good quality of life and cheap compare to Europe or the States.Also it seems that everything growing very fast, malls, hotels, hostels, clubs, restaurants, constructions...more gringos are coming since it starts to have a reputation as a secure place and loses the dangerous fame that had once.I know that there are so many parts of the world i haven't see yet but Colombia seems to be one of the best countries in south America (so many travelers i met are saying that) and that is like a lost paradise where many people haven't discover yet!Sometimes you have to go on and grab the opportunity before is too late!I think that this place in the next 5 years will be much more developed and expensive than now so if i'll do something i have to harry up.
To be honest i was thinking also to buy an apartment but opening a business can offer much more money with less investing.
I was thinking something related with tourism, what is your opinion?

Mac

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Haddeman says on Jun 25, 2009, 18:31:

Kalispera Nategator,
I wish I was in the most beautiful place on earth,the Mani in the Peloponese but Colombia is not a bad place to be with a few pesos.
There are opportunities still here and the word is in the next few years when the financial crisis is over that many high profile investment funds are considering putting their cash here.Many of the smaller cities haven't seen investment on the scale of Bogota,Cartagena and Medellin for example in the service sector and this is perhaps worth considering.I agree that the tourist industry , if the country continues to improve it's security could explode into a mass market industry rather than the niche market it has now.Anyway,good luck with your plans.

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nategator says on Jun 26, 2009, 01:28:

I am surprised you know Mani is a wonderful place to go for vacation and thats around 4 months but no more!
I' d like to hear some more ideas from you guys!What do you think about the tourist field that has to do with hosting?What do you think that Medellin has to offer to the foreigners?How could be a successful business?Do you think it could be successful even now in Poblado or there are already too many so there is a lot of competition and the prices are too high?Which other places you think are good for this kind of businesses?
Appreciate if you can help!

Mac

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CakeDesigner-wannabe says on Jun 26, 2009, 06:22:

If you do not know anything about running a business, you are doomed to fail. You need to take up one of the business courses. I am sure that there are many home study/distance courses available in your country. It does not cost you much.

Taking one of the courses will help you to gain better confidence and the course will tell you how to run business properly. But, it doesn't tell you what business should you set up though

You will have to go to Medellin to check out what you need to start business. You do not want to open a pizza delivery when almost every street in Medellin has one (It is an example).

MARKETING is one of the most important business factors.

You need to know your strengths and weaknesses in order to run a successful business, and you will need to know opportunities and threats against other competitors.

RESEARCH. It is very important for anyone to start up business by doing lots of research and homework. Successful business people do not have dogs eating their homework. They trained their dogs successfully not to eat them :))

Good luck .........

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nategator says on Jun 26, 2009, 22:59:

Sorry that i am asking but are you living in Medellin at the moment?And if you don't mind Morphus what are you doing for living?I do have some experience of opening a business in my country though.We started very good but later on cause of the global economic crises and to other opponents our profit went less..
So you recommend that this invest is a lot of money to start a business?Maybe you are right but have in mind that by selling dry fruit you will not make a good profit unless you turn it to a mass production.Also a good business to me sounds like a business where you don't have to hustle too much in order to get your profit once you make it work for you of course that might take several months!That means that you can have spare time (of course you have to check and control the business) and let the things work for you. Also a research is needed before you open it so is very important you are aware of the demanding of what you sell!I agree with the marketing and if you have good ideas how to do it is an advantage!Sure you have to know your advantages and disadvantages and how you can make the deferent.
But all these are very general!What i would like to hear is like where do the Colombians spent their money?And also any ideas about tourism?What kind of business that has to do with tourism you think would be successful here in Medellin and where?

Mac

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bam m says on Jun 26, 2009, 23:27:

morphus is right on spot with this one...40k usd is a parking spot in a good apto building...thats about it....

make sure that the apto is separate from the parking first....and the taxes are paid...first.... you might get a double (parallel for 40k )

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papiChulo says on Jun 27, 2009, 03:32:

OK... here's something to think about for gringos starting a biz in MDE... Do you know of many Rolos, Costenos, Calenos with sucessful business' in Medellin?

hmmmm... no.

So what makes you guys think you are any different?

That was asked to me by my long time and only upfront Paisa amigo I have ever known.

I'm givin'er... givin'er HARDCORE

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nategator says on Jun 27, 2009, 04:46:

Are you guys living here or what?Why you are so sarcastic and unhelpful?
First of all the Colombians doesn't have any capital to start a business and secondly they don't have any experience in the tourism area since Medellin just now start to be a touristic destination.And listen to that.
2 Israelis open a hostel 1 year ago with a capacity of 30 people and they are going well.They have more visitors every month and they make around 4.000$ evry month clear.Doesn't seem so bad for a start and for an investing of 25.000$, doesn't?
A and don't forget!I enjoy my 6 month vacation here cause of my successful business i opened back to my country.And don't ask me why i don't make the same here cause the cultures are to different and cause of other reasons as well.
Please i would prefer to hear something clever if there are any clever suggestions and not just idiots have nothing to do and just try to be sarcastic!Better from someone that lives now here in Medellin or from a Paisa.What's the meaning of the thread after all?
The tourism is growing here and thats a fact wether someone likes it or not.And if someone can adapt the culture, likes living here and can make a small business where can find job some locals i don't see nothing wrong to that!

Mac

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papiChulo says on Jun 27, 2009, 05:09:

nategator... amigo tranquilo. I was not being sarcastic just telling you a honest convestation I had withan old friend. I have a lot of expereience in Colombia believe me. Look take your $40K there and by the grace of god almighty the best of luck to you... you'll need it. Business is hard enuff in Gringolandia... Seriously we should really talk and I'd be happy to call you even tonight where ever you are to give you my inisight. Just PM me with your number.

Now back to your post... Colombians DO have a truck load of capital to start any business they desire... how do you think those big buldings and shopping centres get built and.... "2 Israelis open a hostel 1 year ago with a capacity of 30 people and they are going well." Did you know that other Colombians refer to Paisas as "The Jews of Colombia"? I SHIT YOU NOT MY FRIEND!!!

I'm givin'er... givin'er HARDCORE

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Catfish35 says on Jun 27, 2009, 09:22:

Tourism could be something..this is true. And yes it is true that Colombia as a whole is a mere babe to the world of jet setters.
Honestly Nate..I just do not know what you can do with 40,000.00us thats gonna twist any nuts. I do not mean to be sarcastic but it is not alot. Esp. when talking of business. The tourism thing is a slow, very slow process. And all you need is to put your eggs in one basket like tourism and have something happen in Colombia like a good ol' fashion mass killing to make world news and thats shot in the ass for another couple years.
Not trying to bust your balls man..just thinking with you. I think it could have possibilties. Just helping you thinking of the plus and menos. I wish you nothing but the very best in all you do..
many people are sarcastic on here and many are not. I like to poke fun. But. I poke fun at myself 10 times before I do to others.
Just use a sifter in all this shit. Some things you will not need and other info you like..keep that stuff ! anyway. Good luck with it!
I would never wish or hope anyone ill will..

Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."

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nategator says on Jun 27, 2009, 15:22:

Papichulo: those Colombians that have the money to buy these buildings they have enough to invest to construction, i believe, so that they can "clear" the black money they made through the drugs.. but anyway i didn't gut the meaning of what did you say about the Israelis.Can you be more clear?If they can make it why not we?

Mac

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CakeDesigner-wannabe says on Jun 28, 2009, 14:23:

Nategator...

It is NOT impossible to start business in Colombia or in USA or even in Mars as long as you know how to set up business.

Some business people invest awful lots of money only to fail.......... because of lack marketing, business skills
Some other business people did not invest lots of money, but success very well.

I did not invest lots of money to start my fashion business

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makopp5 (☼Travelguide writer) says on Jun 29, 2009, 04:04:

nategator
if you are interested in Cali, we are looking for somebody who sells our products in Cali. www.tga.com.co

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makopp5 (☼Travelguide writer) says on Jun 29, 2009, 04:05: