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Staying in Asia After Teaching? How to Start a Business as a Foreigner

Your teaching gig in Asia is going great. You’ve mastered the culture (and the lyrics to the latest BTS album). So what’s next?

If you decide to stay in Asia, you may need more financial support besides your teaching job. Your first thought might be getting another one, but how about starting a business? Awesome idea, right? 

Your teaching job will give you an edge, but there’s still a lot you need to learn on the business end. It can be anything, from work ethics, to navigating good service tax for the goods or services you’ll offer.

 

What Kind of Business Can You Start in Asia?

The trick to any good business idea is having one that fills a gap in the marketplace. It doesn’t mean you have to invent something from scratch. For example, your business idea can be an improvement of an existing product. 

Here’s a list of a few business ideas you can consider.

Teaching

Since you’re already familiar with this, it’ll be a more comfortable venture. Your business can focus on teaching career-based skills such as computer programming. The diversity will help you grow your business.

Fitness

Staying healthy is a growing trend, and more people are searching for ways to achieve their goals. There are plenty of opportunities to tap into this market. You can offer yoga classes, personalized fitness regimens, or anything else. 

Beauty

The beauty industry has been around for ages and will likely stay relevant forever. There are many possibilities to explore with such an enterprise. You can sell beauty products or even offer services like makeup and manicures.

Jewelry

We live in a fashion-forward world, and the fashion scene is always changing. This means tonnes of people will always be ready to buy the next in-thing from you.

What You Need to Start a Business in Asia

The exact requirements vary according to the type of business you want to start and the location. Regardless, the general requirements for starting any business are the same. The only difference might be the documentation you might need to run a business in a foreign country.

The list below contains some of the most common requirements you’ll need to get started.

Business Plan

A business plan outlines your idea in detail, target market, goals, and startup costs. Having this plan in place will give you a guideline to follow to ensure the success of your business.

Funding

It’s no mystery that running a business comes with a lot of expenses. Getting estimations of how much money you might need is a good start to planning for how you’ll cover the costs.

Legal Business Structure

Choosing what type of entity your business is before you register it is a necessary legal step. It affects certain aspects of a company, like how you file your taxes. There are several business structures to choose from based on how you want to run your business.

Documentation

The documents you’ll need to register your business will depend on the structure you choose. So, if your business is a corporation, you’ll need an “articles of incorporation document.” You may also need an Entrepreneur Pass, especially if your business will be in Singapore.

Registration

To make things official, you’ll need to register with the government and local tax authorities. This involves submitting the documents mentioned above and other company details during registration. During the registration process, you’ll have to open a business bank account as well.

Insurance Policy

The right kind of insurance will protect you in the event of incidents such as theft or a customer lawsuit. 

When you’ve taken care of all the legal stuff required to get started, you can focus on marketing your business and building your brand. You may need someone familiar with the area to help with your marketing. It’s the best way to ensure an effective campaign.

Pros and Cons of Starting a Business

Pros

  • You create your wealth and have full control over your finances
  • Some countries offer incentives for foreign investors and tax advantages for business owners
  • Flexible schedule

Cons

  • A language barrier between you and local customers
  • Breaking even may take a while
  • You’re likely to meet a lot of failure along the way

Conclusion

Owning a business is quite fulfilling, even though it comes with a whole lot of work. It’s even more challenging when you’re trying to break into a foreign market, but that’s nothing proper research and perseverance won’t fix.

How Writing Services Help Students to Study and Work

Whether you are looking to write a resume or manage your academic writing assignments, writing services come in handy in various ways. You do not need to burden yourself to perfect your work when you do not even know what you ought to incorporate to make it outstanding. As a student, it is not wrong to get custom essay writings help from writing companies. This is because it can benefit you in several ways and below are some of them.

Benefits of custom essay writing services

Essay writing services can help you with all your academic assignments regardless of the academic discipline and writing level. Also, below are some of the other means through which they are advantageous.

Boost your grades

Seeking essay writing help can enable you to boost your grades thereby improving your overall academic performance. With help from an expert, you can get writing tips which you can use to improve your writing skills or they can draft a perfect paper for you which complies with all your professor’s writing requirements.

Essays are written by well-versed specialists and receive unique and well-researched content

The articles are also written by professionals who better know how to compose and structure an essay with well-researched content. Thus, when it comes to meeting the quality and writing requirements of essay writing, you need not worry about anything.

Benefits of resume writing services

A resume writing service is a company which can aid you in drafting a resume which guarantees you a high chance of getting the job you are applying for. With its team of professional authors, you do not need to worry about crafting a document which appeals to the hiring managers. Some of the other benefits of these companies include;

Can help you with resumes

Writing a resume is a hectic and tiresome process as you have to tell an employer more about yourself to get the job that you so much desire or are applying for. The difficulty lies in finding the appropriate words and phrases to use as well as comprehending what the different sections of a resume entail. But, with assistance from a proficient writer, there is nothing to fret about. These specialists can help you produce a cover letter or CV which meets the job requirements as well as one which will bring out your personality and achievements in a logical and coherent manner. The documents written by these experts can increase your chances of landing a better job. Hence, you do not need to struggle with your resume when you can get professional aid from a resumethatworks writing company.

Writers are keen on details to highlight in resume to make it more interesting for employers

Additionally, the authors from these companies are ardent on the information to highlight in your document which will not only make it stand out from those of other applicants but also make it more appealing and fascinating to the recruiter or hiring manager. They know the ideal phrases and vocabulary to use to capture and attract the attention of the readers. So, instead of looking for ways to perfect your resume, consider using buy resume services and relieve yourself of the stress that comes with resume writing.

Some more benefits of essay writing services

Despite enabling you to boost your writing skills and improve your grades, essay writing services can also benefit you in other many ways.

Essay writing services are very affordable

Essay writing companies are easy to access. You do not need to worry how soon you need to draft and deliver your paper. You can get professional help from experts of https://perfectessay.com/ at any time. Furthermore, their prices are quite affordable. Thus, you need not vex over the expenses or costs that you will incur when getting resume writing help.

Save your time for work

Also, when getting academic writing help, you get to save your time for work. You do not need to pressure yourself with meeting the deadline and get to rush to work to accomplish the day’s tasks. You can hire resume writers and have them craft your paper for you more so if you have a very short and strict deadline with your assignment and work duties.

In conclusion, writing services are beneficial in various ways. As a college graduate looking for a job or a student who is studying and working at a go, you may have a lot to deal with as you have to write as many documents each day. But, that should not trouble you more so if you do not have good writing skills. You can always get assistance from writing services and enjoy their benefits with it such as the ones above. So, if you are looking to land your dream job or want to juggle between your work and studies, consider seeking writing help from these companies and enjoy the perks that come along with them.

Tell Us Your Story

If you have traveled to or are currently traveling in Asia then we want to hear your story.

We are looking to interview several Asian traveler/teachers for the next few weeks.

Please fill out this form if you are interested: