terri
26 Dec 2016
Work / Poland Business Help - I'm interested in investing in this country [28]
Investing in second hand shops is out- there are too many of them. In Krakow, they have for years sold things by weight. This business was good 20 years ago, not now. I have never seen a hand car wash business - chances are Poles would rather do the car themselves than pay for it.
Before you invest in any business, you have to consider the nature of the Poles and what services they are likely to pay for. There are still untapped niches in the market. The best way is to ASK Poles on any street in Poland what businesses they feel that are missing. Do your research first.
40K pln - would not even last a year. You have to rent premises, staff and deal with bureaucracy.
Best way - buy a flat in a GOOD location and rent it out. You cannot lose if you have property - this is 'your pension'. Business is always risky.
Investing in second hand shops is out- there are too many of them. In Krakow, they have for years sold things by weight. This business was good 20 years ago, not now. I have never seen a hand car wash business - chances are Poles would rather do the car themselves than pay for it.
Before you invest in any business, you have to consider the nature of the Poles and what services they are likely to pay for. There are still untapped niches in the market. The best way is to ASK Poles on any street in Poland what businesses they feel that are missing. Do your research first.
40K pln - would not even last a year. You have to rent premises, staff and deal with bureaucracy.
Best way - buy a flat in a GOOD location and rent it out. You cannot lose if you have property - this is 'your pension'. Business is always risky.