Category: Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

Currently, a lot of foreign businesses are operating in Cambodia, but there are also some businesses those do not existed or have not operated their business in Cambodia such as McDonald’s, 7 Eleven, Dunkin, Taco Bell, and Hardee. These have ...Read more

Currently, a lot of foreign businesses are operating in Cambodia, but there are also some businesses those do not existed or have not operated their business in Cambodia such as McDonald’s, 7 Eleven, Dunkin, Taco Bell, and Hardee. These have been observed to have expanded their branches to Southeast Asia and by doing business in Thailand. Based on below elaborations, there’re two main reasons why are these 5 world-class franchises have no present in Cambodia. 1. The franchise cost (onetime payment) is high, and the startup capital required is also high which some of the businessmen consider that it takes time to make profits from such types of business within the kingdom.

Why are these 5 world-class franchises have no present in Cambodia

However, among those brands, you can also decide to consider buying the right or franchise to do business in Cambodia.

  1. McDonald’s

This brand is very famous in the food industry, which is famous for the quality of food, as well as a brand with many branches in the world. And for those who want to buy McDonald’s business rights below. Here are the details of the purchase:

  • The first franchise is a one-time payment of $ 45,000.
  • Capital required to run the store $ 1,008,000 – $ 2,214,000.

  1. 7 Eleven

For this brand is growing rapidly, by the end of 2020, the world’s largest Martfan Chhay brand 7 eleven has nearly 70,000 branches. Previously, there were rumors that there were importers doing business in Cambodia, but later the news disappeared, and now there are three countries that have the most shops: Japan, Thailand and South Korea. The value of the franchise is:

  • First franchise to pay $ 10,000 – $ 1,000,000
  • Capital required to run the store $ 37,550 – $ 1,200,000

  1. Dunkin

It is considered to be the first brand with a large customer index, and as of now, the brand has branches in 32 countries, the purchase price of this brand is:

  • First franchise to pay $ 40,000 – $ 90,000
  • Capital required to run the store $ 110,000 – $ 1,700,000

  1. Taco Bell

A restaurant brand that has been around for 50 years and has received a lot of attention and support from customers. Currently, this restaurant has about 350 branches around the world for the franchise value:

  • First franchise to pay $ 25,000 – $ 45,000
  • Capital needed to run the store $ 525,000 – $ 2,700,000

  1. Hardee’s Restaurants

Hardee’s is a subsidiary of the public trading company CKE. The brand is also a well-known American brand for its franchise value:

  • First franchise to pay $ 25,000 – $ 35,000
  • Capital required to run the store $ 1,600,000 – $ 2,120,000

Franchise Business in Cambodia

Franchise Business in Cambodia

 

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SOVANN
SOVANNExperienced
Asked: January 15, 2021In:

Recently, services for the delivery of anything have become increasingly popular. The main feature of this business is efficiency and customer focus. As you know, time is money. It seems people are willing to pay for any service. They already pay Foodpanda, E-Gets and ...Read more

Recently, services for the delivery of anything have become increasingly popular. The main feature of this business is efficiency and customer focus. As you know, time is money.

It seems people are willing to pay for any service. They already pay Foodpanda, E-Gets and Nham24. to deliver food to their homes and workplaces.

Courier service is a business without serious investments and requirements, so anyone can start it. The advantages of this sphere are high demand for services, a wide range of customers and profitability of up to 90%.

Delivery service is the best service business to start for both an experienced and novice entrepreneurs. Digital ordering and delivery grew 300% faster than dine-in traffic since 2014. The idea is attractive in that it does not require large investments and at the same time guarantees a sufficiently high profit. You can start with a minimal set of resources and gradually develop your business. Moreover, with the growth of e-commerce, delivery services are more relevant than ever. That’s why opening a courier agency is a great solution for an entrepreneur.

But this business, like any other, has its nuances and pitfalls. Before you throw all your energy and money into starting a business, you need to study the main aspects of this type of activity.

How do I start a delivery service business?

Start a delivery service by following these 9 steps:

  1. STEP 1: Plan your Business.
  2. STEP 2: Form a legal entity.
  3. STEP 3: Register for taxes.
  4. STEP 4: Open a business bank account & credit card.
  5. STEP 5: Set up business accounting.
  6. STEP 6: Obtain necessary permits and licenses.
  7. STEP 7: Get Business Insurance.

Is a delivery service a good business to start?

Starting your own delivery business is a great way to be your own boss and make a respectable living without a lot of hassle. With low start-up costs, especially if you already have a vehicle, starting a delivery service is a very achievable goal, and here are a few tips to get you on your way.

 Is a delivery business profitable?

If you’d like to be your own boss and get paid to deliver packages, then you should consider starting your own courier service. Couriers make on average $36 an hour, and provide a much-needed service for any community. With a little hard work, your courier business can be profitable in no time.

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Angkor Times
Angkor TimesExperienced
Asked: January 14, 2021In:

SEO is important because it keeps the search results fair. The higher you rank in results pages, the more clicks and traffic your site will generate. SEO also improves user experience, making it more likely for customers to become repeat buyers. And SEO is cost-effective. ...Read more

SEO is important because it keeps the search results fair. The higher you rank in results pages, the more clicks and traffic your site will generate. SEO also improves user experience, making it more likely for customers to become repeat buyers. And SEO is cost-effective.

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Angkor Times
Angkor TimesExperienced
Asked: January 12, 2021In:

Cambodia demands a lot of vegetables! By 2020, Cambodia will produce only 700,000 tons of vegetables, while the total demand is 1 million tons / year Cambodia needs a lot of vegetables to supply the local people, we see that by ...Read more

Cambodia demands a lot of vegetables! By 2020, Cambodia will produce only 700,000 tons of vegetables, while the total demand is 1 million tons / year

Cambodia needs a lot of vegetables to supply the local people, we see that by 2020, Cambodia can produce more than 700,000 tons of vegetables, while the actual demand is 1 million tons per year. That is why Cambodia needs to import more than 300,000 tons of vegetables from neighboring countries to supply its people.

Vegetables are in high demand in Cambodia

According to an official post by HE Veng Sakhon, Minister of Agriculture, Forestry and Fisheries: The government encourages and encourages people to focus on growing local vegetables to supply markets, increase household incomes, create jobs and seize opportunities as the world faces a global crisis. Of Kovid-19 to expand the potential of safe vegetable production leading to reduced imports.

In response to this need, the Ministry of Agriculture, Forestry and Fisheries, under the General Department of Agriculture, has received timely support from the Royal Government through the Ministry of Economy and Finance and development partners, especially the International Fund for Agricultural Development has been supporting and encouraging the private sector, along with development partners such as ASPIRE, CASDP, LEAP, and CHAIN, to implement safe vegetable production projects with farmers and partners across the country, and through this excellent collaboration The Ministry strongly hopes and believes that in the near future, Cambodia will have enough safe vegetables to supply the local market and export. In addition, the Ministry has also carefully studied the possibility of expanding the production of some important vegetables such as cabbage, cabbage, carrots, potatoes and garlic, etc. In Mondulkiri province, which has the geographical characteristics and potential to produce these important vegetables to contribute to meet demand.

He added that in order to improve the quality of production, economic efficiency, provide justice and trust to consumers, the General Department of Agriculture in collaboration with the Capital-Provincial Department of Agriculture, Forestry and Fisheries to train on good agricultural principles on vegetable crops (GAP). Organic technical principles, modern vegetable cultivation techniques according to GAP principles and organic, general characteristics of plant management, management of agricultural inputs, prevention of contamination and biological control methods, harvesting techniques and post-harvest techniques and procedures to Obtained the Certificate of Good Agricultural Practices (GAP) and Organic (CAM-ORGANIC).

Meanwhile, according to the report of the General Department of Agriculture (11/01/2012), in 2019, the total production area of ​​57,208 hectares of vegetable crops nationwide can be harvested a total of 681,099 tons. According to estimates, the demand for vegetables in 2020 will be 1,045,725 tons, and in fact, domestic vegetable production will be able to supply only 716,113 tons, equivalent to 68%, of which 69% in the dry season and 75% in the dry season. In addition, Cambodia needs to import a total of 329,612 tons of vegetables, most of which Cambodia can not produce.

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