A Western expat in Thailand often has to think about making money. Thailand is for sure a paradise in so many ways, but if you don’t have any money, it can be a hell. Even if one is getting a steady pension check or social security or trust fund payout, there is always the fear that the dollar or other home currency can lose value in comparison with the Thai Baht, so it is important to find some kind of income stream locally. One of the ways to do that is to start your own business, but in Thailand there are special considerations that must be taken into account.
First of all, being an independent entrepreneur is not for everyone. Incomes go up and down, and there are always strange things that hit the business owner, making stress part of the price that must be paid. But that’s the same everywhere. You have it, or you don’t.