March 10, 2011

Bucharest

This week I’m holding another seminar in Bucharest. I am writing the essay before taking the stage so I do not know how many participants will request a one-to-one consultation meeting afterwards. However, three of the businessmen I met after the last seminar were under 30 years of age.

Although 20 years have passed since the change of the Romanian political system, it is not so easy to find  many businessmen of advanced age. Most probably it takes more than a couple of decades to gain the necessary experiences to function successfully in a competitive business environment.

While younger businessmen quickly adapt themselves to the new system, it is not that easy for the ones who grew up in the old system.

The new generation’s main problem is not having whom to turn to for advice. There are not enough stories on the new system’s business life to be told by their fathers, uncles, aunts or by any other acclaimed person. At the points where the old paradigms encounter the new concepts the decisions get complicated.

During our meeting, one of the businessmen said: “I know the theory but I don’t know how to apply this knowledge to my business. Most of those whom I consult have not faced such a situation either.”

As I see it, even though countries undergoing a change of system face such difficulties during their long transition period, they also present a great opportunity to experienced investors. Many young businessmen express positive views on going into a partnership with such a company.

One of the good sides of giving seminars in Bucharest is the dinner in the same evening that I enjoy together with our Romanian business partners in Gallo Nero. My recommendation: Tagliatelle al Salmone. :)

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