Yes. People do tend to underestimate the amount of capital required for start-up in general. Then they tend to overestimate the amount of business they will get when opened.
Over here it is harder to get at the true costs for start-up due to language barriers and very little of anything being a fixed price. There seems to be more unexpected costs. Also tourism seems to be all over the map the last few years. Had a few bar owners tell me this low season is even worse then right after the tsunami. Then the "dreaming" factor plays into things a lot more heavily.
All part of Thailand being a tricky place to open a business.
Over here it is harder to get at the true costs for start-up due to language barriers and very little of anything being a fixed price. There seems to be more unexpected costs. Also tourism seems to be all over the map the last few years. Had a few bar owners tell me this low season is even worse then right after the tsunami. Then the "dreaming" factor plays into things a lot more heavily.
All part of Thailand being a tricky place to open a business.