Are there websites that will help you understand how to start a business in Korea?
*Scroll down to the bottom to view the full youtube video of the crash course
In 2011, I was searching all over the internet for some information on starting a hagwon business in Korea. I knew that there were already websites that showed people how to start online businesses in general and there were also websites that displayed the life of an entrepreneur in general, but I could not find anything that gave me some pointers on how to start a business in Korea. Specifically, I was looking for information on starting a hagwon business. At the time, I had no idea what an English Gyosoopso was and had no idea how I was going to start any type of business in Korea. So from that time on, I decided that I would go through the process myself and make a resource that would help people start a business in Korea one day. Fast forward 7 years and now a crash course for starting a business in Korea is now available!
*And if you didn’t know by now, I created a website called hagwonstart.com that gives you pointers on starting your own small Hagwon business in South Korea.
And for the record, I have actually started my own businesses in South Korea and even sold one for a nice profit. I honestly wanted to make a website like EntrepreneurKorea.com in 2012, but how good would it have been? I guess I could have went through the process of me building a business or my businesses, but I didn’t want people to think of me as someone who was just starting up. I wanted people to know that I knew what I was talking about and that I had real life business experience in South Korea to back it up.
I believe that there are a lot of people out there who “try” to teach other people about business or “teach” people how to do marketing when they themselves never ran a business. I guess you can argue that people could still teach people how to market a product or a service without much business experience, but I don’t think it’s the same for someone to teach someone how to start and run a business with no experience at all. And this reminds me of a short story. About a few years ago, I met someone. And he was talking about how he knew how to use photoshop and stuff, and how he was really interested in doing business. He told me that he offered business consulting services and marketing services to people. So I asked him if he had run any businesses before, and he was like, “no, but I worked closely with someone who did and that he learned a lot of stuff”. And I was thinking to myself, why would I pay you money for something I already know how to do, and something you have next to no experience in? But then again, I launched by business consultancy Tony Teaching, Inc in 2012 when I had next to no business experience as well, so I can’t really blame him. But nowadays, the “fake it to you make it” idea has never been so strong. So I advise you to do your research if you do ever hire a “business consultant” or a “business coach” or a “marketing agency”, because it would only make sense to hire someone who actually knew what he or she was doing.
And the reason I just shared what I shared is to explain to you why it took me about 7 years to create this website and make this type of resource available. It’s because I wanted to make sure that I knew what I was talking about. And also, I just love starting and building businesses. So I put teaching others about starting and building a business in Korea on the side. And it was so great to start and build businesses in South Korea. But now it is time to share what I have learned.
So let’s just briefly talk about the crash course. The Crash Course gives you an overview of what to expect when starting and building your very own small business in South Korea. You’ll learn about what types of businesses you can start in Korea, about registering a business in Korea, about renting business space in South Korea, about accepting payments at or for your business in South Korea, tracking your sales and expenses, and reporting your taxes. And most importantly, it doesn’t cost anything. I wanted to create a resource that everyone could access.
If you don’t know where to start when viewing the crash course, just start off with the Types of Businesses You Can Start section and then at the bottom of the page, it will direct you to the next section. And if you haven’t noticed by now, you can see that the sections are numbered, so just start with 1 and go through till you reach 6. If you have any questions of comments, feel free to comment or email me at firstname.lastname@example.org and I will do my best to answer your questions.