My 3.6 Million Peso Loss In The Philippines

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.

HEALTH INSURANCE:
For expat health insurance I recommend
Michael Onstad
Facebook https://www.facebook.com/monstad1?mibextid=ZbWKwL

Email address michael.onstad@loc-consultants.com

Phone 0919 581 3100

CHARITY:

To Donate To the amazing charity causes Click Here https://sulugardenfoundation.org/donations

MY CONTACT:

Email is ThatPhilippinesLife@gmail.com
Facebook https://www.facebook.com/ThatPhilippinesLife

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