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Angkor Times Latest Questions

Angkor Times
Angkor TimesExperienced
Asked: November 16, 2021In: Make Money

Is it easy to start a business in Cambodia?

It is easier and cheaper to start a business in Cambodia than in most other countries. A company can be set up with a simple registration at the Ministry of Commerce and be operational within one day. There are also ...Read more

It is easier and cheaper to start a business in Cambodia than in most other countries. A company can be set up with a simple registration at the Ministry of Commerce and be operational within one day. There are also no formalities for foreign ownership. Taxes are lower than in most countries, and there is no capital gains tax or withholding tax on dividends. The cost of labor is low as well, particularly when it comes to skilled labor such as lawyers and accountants. It’s also easy to find office space or retail space for rent. The only thing that might be difficult is getting credit from banks, but all it takes is time and patience and they will eventually give you a loan if they know you’re financially sound

Starting a business in Cambodia is a fairly straightforward procedure. To do business legally, you must first register with MoC business registration. Now, the service is done online. You can start reserving a name before registering your business or start registering your business right away.

You can register a business online in Cambodia here: http://www.businessregistration.moc.gov.kh

Starting a business in Cambodia

Starting a business in Cambodia

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SOVANN
SOVANNExperienced
Asked: November 7, 2021In: Make Money

How to Start A Gym Business in Cambodia

Building Your Gym: Start by thinking about what you want your gym to be based on your values, goals, and the needs of the people in your community. Starting a gym business, you need to be public or have a ...Read more

Building Your Gym: Start by thinking about what you want your gym to be based on your values, goals, and the needs of the people in your community. Starting a gym business, you need to be public or have a license to start a gym business. Starting a gym requires thoughtful preparation. First you need to find a location, find an appropriate space for your equipment, and then you need to decide which equipment you will use for your first few workouts. There are many different gyms available to visitors on the internet. This is true for many different types of gyms.

Why start a gym business in Cambodia?

Many people in Cambodia want to work out, but there are very few gyms. Start-up costs are low and demand is high, so if you’re looking for a business opportunity, consider opening a gym in Cambodia. Should you open a gym in Cambodia? Starting a fitness-related business in Cambodia is not an easy undertaking. There are many factors to consider before deciding to either open up a gym in Cambodia or anywhere else. For one, the cost of living is much lower than in most western countries, so you may be able to get by on less money than you would if you were opening up in London or New York.

In a country where most people cannot afford to go to a gym or have the time, starting a gym is an excellent idea. The benefits from going to the gym can include weight loss, better sleep, and general happiness. Starting a gym also means that people will have a place to go to work out, and they will not have to rely on themselves or their friends.

What is a gym?

A gym is also a place where people can get a free workout because they are not paying for the gym. The gym gives people the opportunity for work out without the help of others. A gym is the most popular place for people to work out. An exercise gym is a place where people go to work out. They can be found in most large towns in the world as well as in smaller towns.

How to Start A Gym Business in Cambodia

How to Start A Gym Business in Cambodia

How to get started: What steps should someone take to start a gym business? One of the things I love about the gym world is the constant innovation and evolution. I’ve been around gyms and fitness for decades now and I’ve seen so many new gyms open and how they’ve changed the game over time. I’ve also seen how some old gyms have just simply stopped. So here are my top tips about how someone could get started with a gym business:

1. Location

Finding a good location is one of the most important factors in starting a gym business. Having a location close to where people live is a big plus. It’s also important to have a location that’s close to where customers live.

2. Gym equipment

Your gym must have the necessary equipment for your customers to exercise. You should have certain equipment items that you’ll use in a gym. This includes a treadmill, a stair climber and a bike. You should have a good mix of cardio equipment. You should also have a good mix of free weights and weight machines.

start a gym business

start a gym business

3. Gym design

A good design will increase your gym’s appeal. You should have a clean gym and a good front desk. You should also have a good lighting system.

4. Customer experience

The customer experience is important when starting a gym business. If you have a good customer experience, you will have loyal customers. Most people find it embarrassing to go to the gym. Good customer service – Every customer has a story. If you have good customer service, you can help customers get to their goal.

5. How do you market a gym?

Marketing is important to a gym business. You must have a good website to attract your customers to your gym. You can also hire a professional to make your website looks good. You have to set a strategy for how you will market your gym. You can advertise your gym through word of mouth, social media and newspaper.

6. What does it cost to start a gym business?

Every year, gym memberships skyrocket. People are ready to work out for themselves, but not many are willing to do the heavy lifting of starting a business.This can cost you around $5,000 to $10,000 depending on your existing resources. If you don’t have own land or location, you will need to rent a place which could double your start-up cost.

7. What is the best business model for gyms?

This depends on who you are. Some like to start a gym franchise where they can franchise their gym to a local store.

8. How do you finance a gym business?

You can raise funds from your family and friends. You can get loans from banks, private investors and the government

9. How can one find and hire qualified staff for their gym?

Finding qualified staff for your gym can be an arduous task, but it’s not impossible. Before you start looking for staff, make sure you’ve taken care of everything else first. Get all the equipment in place, set up the fee structure, and create a website to help market your gym – all before you worry about hiring someone to work there. Take these steps first and then start looking for staff that have experience in the fitness field.

10. How to make money from Gym business?

You can make money with memberships or sell products in your gym. You can also charge a fee for people who want personal training or to get into a program.

11. Working with partners to grow your Gym business

Networking is important for starting up any business, and finding partners to help you grow your business can make all the difference. How to work with partners.

Conclusion

Starting a gym requires thoughtful preparation. Try to think of everything that could go wrong, and plan ahead. The tips in this guide should help you to make sure that you have all the information you need to get started. Good luck!

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Angkor Times
Angkor TimesExperienced
Asked: November 4, 2021

What is life like for young people in Cambodia?

What is life like for young Cambodians (15-30 year olds) and how are they participating in civic life? In our nationally representative survey, respondents were asked which values from a list they felt were most important to their lives. The ...Read more

What is life like for young Cambodians (15-30 year olds) and how are they participating in civic life?

In our nationally representative survey, respondents were asked which values from a list they felt were
most important to their lives. The three that came out top were health, education, and support from parents.

Keeping their family in good health (62% very important) and having an education for themselves or their family (60% very
important), are priorities for young people aged 15-30 years old. This is closely followed by having support from parents
– 59% said it is very important to them.

What are young people’s attitudes towards civic participation?

What are young people’s attitudes towards civic participation?

Hopes and aspirations for young people revolve around economic security, however life stage has an
impact on the challenges and responsibilities they face.

Overall, finding a job is the biggest challenge young people say they are facing. 15-17 year olds, however, are much less
likely to say this, with a third of this age group saying they are not facing any challenges.

Challenges around employment

The pandemic has had a widespread impact on Cambodians. Nearly half surveyed raised the
impact of COVID-19 on employment as a national issue.

Not having sufficient networks to secure a job is also perceived as a challenge, especially amongst lower socio-economic groups.

Young people report that a lack of money can make following their chosen career path more challenging – preventing them starting or extending a business, attending costly career training courses to improve their skills, or enabling them to continue to higher education.

Interests, issues and inspiration

Internet (in particular social media) and smartphone use is high for young Cambodians, whilst traditional media platforms like television and radio are becoming less popular.

Young Cambodians use the internet for connecting and socialising with others – through social media sites and messaging services – as well as for entertainment and keeping up to date. Different social media platforms serve young Cambodians in different ways; whilst Facebook is used for socialising, and getting information, YouTube and TikTok are more likely to be used for entertainment.

Almost two-thirds (65%) report feeling knowledgeable about local and national issues, however over a quarter (26%) do not
– this is especially prevalent amongst those in rural areas, men, younger age groups (15-17s) and and non-internet users.

Parents are considered key influencers for young people, their main sources for personal information and their most
trusted sources. Many also consider parents and family members as role models for how they live their everyday lives,
their values, attitudes and even their career choices.

Apart from family and friends, young Cambodians tend to look to figures that can inspire them. Some of the most
common examples given by young people.

What are young people’s attitudes towards civic participation?

Young Cambodians show positive attitudes towards civic engagement; 86% agree that young people should be able to
voice their opinions (with over 1-in-5 strongly agreeing) and 87% agree that if young people come together to voice their
opinions, we can get more done.

In general, those who are more educated, in more skilled employment, and often slightly older are more likely to have
positive attitudes towards expression of opinion, collaboration and the impact of individual action.

Most agree young people should be able to express their opinions, and this is driven slightly by older youth (18+).

Young people report feeling more confident expressing their opinions with peers than with elders – and are split in how valued
they feel they are by elders. Those who are comfortable expressing their opinion with elders tend to be older (18+), women and
those who are more educated, while students are more comfortable expressing their opinions with peers.

Young Cambodians are also more likely to agree that action can happen when people come together. Qualitative results show that
most young people feel they should be engaged in issues and help to solve them as youth are seen as the driving force for change and development.

How are young people currently participating in civic life?

29% report having discussed local or national issues with others.

Participation in traditional forms of civic life – such as raising a concern with elders, attending a meeting, or volunteering
in the community, is low.

Young people are more likely to be expressing views online /social media (43%). These activities tend to be done more
by men than women. However, topics like politics remain sensitive and little discussed.

What are young people’s barriers and motivators for civic engagement?

Whilst the majority of young people agree that individual or collaborative action can lead to change, their agreement is
influenced by how knowledgeable they feel and how equipped they are with information about relevant issues: over a
quarter (26%) of young people report not feeling knowledgeable about local and national issues.

Less conventional forms of civic engagement, such as using digital platforms to express views online, reading and circulating
news, or belonging to an online community, are more appealing than traditional civic activities like raising a concern with
elders, attending a meeting or volunteering in the community.

Young people only tend to express their opinion online about light-hearted content, like entertainment. They do not talk
about sensitive topics or politics for fear of being judged by others.

Barriers to participation also include digital skills, access to information and generation gap

Digital skills tend to be higher among men, those in urban areas and those with greater access to technology. Although
the majority (87%) of young Cambodians use social media sites/apps, high use does not necessarily translate to high level
skills which could limit their ability to participate or discuss online.

Access to information: Over four in ten (41%) claim they find it difficult to get information about local and national
issues that matter to young people like them. This tends to be higher among women (43% compared to 38% of men) and
younger age groups (51% 15-17s compared to 40% of 18-24s and 36% of 25-30s). Those who are living in rural areas and
with low education levels particularly face challenges to access information and digital media. In turn this may hinder their
ability to participate and discuss civic issues.

Generation Gap: Young Cambodians do not all feel comfortable discussing their opinions with elders. This may impact
their ability to participate; they are less likely to agree they feel confident raising a concern with elders (84%) than with
peers (90%), and feel they are less likely to be included or valued in discussions with elders in their community.

Other key barriers and enablers:

  • Politics is perceived as a hot issue but is not widely discussed. Young people report that both themselves and their
    family members are fearful of being connected to any political issues as it may be perceived as taking the side of a
    party – this causes them to worry about their security.
  • Young people and media practitioners feel there is limited information or news on media relating to politics. Moreover,
    politics is viewed as a complicated topic to understand and engage with, and a lack of trust in related news and limited
    capacity to identify fact from fake news are further barriers to engagement.
    • Basic needs are considered more important than participation, especially for those from lower socio-economic groups –
    livelihood is the priority, restricting time available to participate in activities in local communities.
    • Permission to participate in civic life from family/parents can also play a role in limiting participation. Parents are
    more likely to be sensitive to anything about politics or corruption and restrict their children from any related activities.

For details research study: research-briefing-cambodia-k9-civic-life-study-june-2021.pdf (bbc.co.uk)

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Angkor Times
Angkor TimesExperienced
Asked: October 30, 2021In: Make Money

Is Cambodia the Next Asian Tiger?

Cambodia is on course to be the next Asian Tiger, and that is good news for America. Ford Motors recently announced that it is building a $21 million assembly plant in the Pursat province of Cambodia. And the recent virtual business summit showcased ...Read more

Cambodia is on course to be the next Asian Tiger, and that is good news for America.

Cambodia the Next Asian Tiger

Cambodia the Next Asian Tiger

Ford Motors recently announced that it is building a $21 million assembly plant in the Pursat province of Cambodia. And the recent virtual business summit showcased the ease of doing business in Cambodia experienced by U.S. companies in a range of industries—from energy to manufacturing, and financial services to health care.

The Asian Development Bank first dubbed Cambodia as “Asia’s New Tiger” in 2016. Two years earlier, the World Bank said that, from 2004 through 2011, “Cambodian economic growth was tremendous, ranking amid the best in the world. Moreover, household consumption increased by nearly 40 percent. And this growth was pro-poor—not only reducing inequality, but also proportionally boosting poor people’s consumption further and faster than that of the non-poor.”

Cambodia has expanded its economy by an annual average rate of 7 percent. But, just like the original Asian Tigers of the 1960s—South Korea, Taiwan, Hong Kong and Singapore—Cambodia’s growth has been strategic and stable. We have not suffered a recession over the last 30 years, even during the Asian financial crisis of the 1990s, the bursting of the dot-com bubble in 2000 and the financial meltdown of 2008.

Cambodia’s conversion to a market economy has been well planned, with growth accompanied by significant social progress. Today, about 13.5 percent of Cambodians live below the poverty line, still too high but a far cry from the desperate poverty we knew some 40 years ago.

Read full article here: http://www.newsweek.com

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SOVANN
SOVANNExperienced
Asked: October 29, 2021In: Skills

What does Meta mean for Cambodian?

Recently Facebook changed its parent company to Meta making the fans, investors, and other businesses doubt that What does Meta mean for Facebook? According to NationalWorld wrote that ” Mark Zuckerberg said in his presentation that he had chosen the name Meta ...Read more

Recently Facebook changed its parent company to Meta making the fans, investors, and other businesses doubt that

What does Meta mean for Facebook?

According to NationalWorld wrote that ” Mark Zuckerberg said in his presentation that he had chosen the name Meta in part because it “reflects the full breadth of what we do and the future we want to help build”. But he also said he had chosen it as in Greek it means ‘beyond’.” More info: meta.com 

Facebook-Meta

Facebook said ” The change is an attempt to bring focus to its work on the “metaverse”, as it refers to a host of augmented and virtual reality features that it claims will be the future of social networking. But it might also be an attempt to shift focus away from its ongoing controversies.”

What does meta mean in English?

Media is an adjective. Meta (of a creative work) referring to itself or to the conventions of its genre; self-referential.

“the enterprise is inherently ‘meta’, since it doesn’t review movies, for example, it reviews the reviewers who review movies”

What does Meta mean for Cambodian?

Meta in Khmer or Cambodian means benevolence, loving-kindness, friendliness, amity, good will, and active interest in others.

Meta commonly a name which is given to a daughter, however, some Cambodian parents love the name so much also give that name to their son as well.

Some Cambodian people believe that Meta will bring luck to other people around them as he or she is loving kindness and friendliness.

What does Meta mean for Cambodian?

Meta in Khmer or Cambodian means benevolence, loving-kindness, friendliness, amity, good will, and active interest in others.

Meta commonly a name which is given to a daughter, however, some Cambodian parents love the name so much also give that name to their son as well.

Some Cambodian people believe that Meta will bring lack to other people around them as he or she is loving kindness and friendliness.

To you, what does Meta mean?

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