{"id":3349,"date":"2020-08-22T08:58:29","date_gmt":"2020-08-22T08:58:29","guid":{"rendered":"https:\/\/techsylvania.com\/?p=3349"},"modified":"2023-08-22T08:58:44","modified_gmt":"2023-08-22T08:58:44","slug":"the-business-potential-in-romania","status":"publish","type":"post","link":"https:\/\/techsylvania.com\/the-business-potential-in-romania\/","title":{"rendered":"The business potential in Romania"},"content":{"rendered":"<div class=\"fh fi fj fk fl\">\n<div class=\"ab ca\">\n<div class=\"ch bg et eu ev ew\">\n<p id=\"ba55\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">The times we are living have empowered remote connections and work has acquired a whole new meaning due to its ability to take place wherever. Entrepreneurial wisdom is now founded more on a global comprehension of the market and its needs than on the local overview. Yet, there still are some differences when it comes to businesses in Eastern Europe and other parts of the world.<\/p>\n<p id=\"5d19\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">During past editions of Techsylvania, we have debated many aspects of investing or growing a business in Eastern Europe and have discovered valuable insights both from entrepreneurs that have come from other parts of the world to invest or grow their business here or from local entrepreneurs that have chosen to take their businesses on foreign lands.<\/p>\n<p id=\"9fe1\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><strong class=\"lr fp\">What did we discover?<\/strong><\/p>\n<p id=\"785c\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">Narrowing it down to Romania, the region is well-known for its technical talent and many entrepreneurs have put an eye on this scarce resource. Many business-oriented people have discovered this fertile ground for businesses in tech, as high-quality engineers are more visible and even assembling a team can be easier here.<\/p>\n<p id=\"0af8\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">During a panel with 4 worldwide successful entrepreneurs, we got many of our questions answered, regarding how our land may look in the eyes of an outsider and whether they see competitive potential with the tech skills that are found here.<\/p>\n<figure class=\"mn mo mp mq mr ms\">\n<div class=\"mt hz l eb\">\n<div class=\"mu mv l\"><iframe class=\"ek n fc dx bg\" title=\"Panel: Investing in the Local Ecosystem\" src=\"https:\/\/cdn.embedly.com\/widgets\/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2F1CPQ6y7gcP8%3Ffeature%3Doembed&amp;display_name=YouTube&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D1CPQ6y7gcP8&amp;image=https%3A%2F%2Fi.ytimg.com%2Fvi%2F1CPQ6y7gcP8%2Fhqdefault.jpg&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=youtube\" width=\"854\" height=\"480\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div><figcaption class=\"mw mx my mz na nb nc be b bf z dv\"><a class=\"af nd\" href=\"https:\/\/www.youtube.com\/watch?v=1CPQ6y7gcP8\" target=\"_blank\" rel=\"noopener ugc nofollow\">Panel: Investing in the Local Ecosystem<\/a><\/figcaption><\/figure>\n<p id=\"d54d\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><em class=\"ne\">\u201cI don\u2019t think there is a right or wrong answer \u2014 it depends a lot on the attitude and the beliefs of that specific person. Personally, with this environment, here, in Romania, I would try to succeed on my own, I would try to be an entrepreneur, maybe to ask for support, to develop my own idea by my own. We always have time to move from our own entrepreneurial initiative into a large corporation, but being young, being capable, having a possibility as it is here, in Romania, to start my own company \u2014 I would really do that.\u201d\u00a0<\/em>Patrizio Mapelli, CEO at NTT Data<\/p>\n<p id=\"7b7e\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">Patrizio is very fond of Romania and states that he has found very capable professionals here, ready to take it to another level. We hope he inspires you in creating or growing a business here.<\/p>\n<p id=\"81d9\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><strong class=\"lr fp\">How can Romanian entrepreneurs catch the eyes of global investors?<\/strong><\/p>\n<p id=\"1857\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">The relationship with a potential investors ultimately comes down to the same core aspects, regardless of your region.<\/p>\n<figure class=\"mn mo mp mq mr ms\">\n<div class=\"mt hz l eb\">\n<div class=\"mu mv l\"><iframe class=\"ek n fc dx bg\" title=\"Panel: Opportunities and Challenges to Succeed from Eastern Europe\" src=\"https:\/\/cdn.embedly.com\/widgets\/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FjIzzGkM4jMs%3Ffeature%3Doembed&amp;display_name=YouTube&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DjIzzGkM4jMs&amp;image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FjIzzGkM4jMs%2Fhqdefault.jpg&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=youtube\" width=\"854\" height=\"480\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<blockquote class=\"nf\">\n<p id=\"45bc\" class=\"ng nh fo be ni nj nk nl nm nn no mm dv\" data-selectable-paragraph=\"\"><em class=\"np\">\u201cYou have to start building bridges from Day 1.\u201d<\/em><\/p>\n<\/blockquote>\n<p id=\"1dc5\" class=\"pw-post-body-paragraph lp lq fo lr b ls nq lu lv lw nr ly lz ma ns mc md me nt mg mh mi nu mk ml mm fh bj\" data-selectable-paragraph=\"\">As Felix Peterson revealed his investor point of view \u261d\ufe0f, in order to catch someone\u2019s eye, you have to make yourself visible. Concentrating on places like London or Berlin, where the tech movement happens at the time, going to 2\u20133 conferences\/year, actively following-up with the quality later-stage investors, treating them like they already are your investors, are some of the key ingredients in his successful recipe.<\/p>\n<p id=\"21e2\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">Entrepreneurs have started to consider things differently, and, given our remote nature of interacting, they understand that good companies can come from anywhere nowadays.<\/p>\n<p id=\"22dd\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><em class=\"ne\">\u201cSilicon Valley investors found Facebook in a basement, somewhere in the Valley- so it doesn\u2019t matter.\u201d<\/em><\/p>\n<p id=\"d959\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><strong class=\"lr fp\">But how about working from Romania for American clients?<\/strong><\/p>\n<figure class=\"mn mo mp mq mr ms mz na paragraph-image\">\n<div class=\"nw nx eb ny bg nz\" tabindex=\"0\" role=\"button\">\n<div class=\"mz na nv\"><picture><source srcset=\"https:\/\/miro.medium.com\/v2\/resize:fit:640\/format:webp\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 640w, https:\/\/miro.medium.com\/v2\/resize:fit:720\/format:webp\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 720w, https:\/\/miro.medium.com\/v2\/resize:fit:750\/format:webp\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 750w, https:\/\/miro.medium.com\/v2\/resize:fit:786\/format:webp\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 786w, https:\/\/miro.medium.com\/v2\/resize:fit:828\/format:webp\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 828w, https:\/\/miro.medium.com\/v2\/resize:fit:1100\/format:webp\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 1100w, https:\/\/miro.medium.com\/v2\/resize:fit:1400\/format:webp\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 1400w\" type=\"image\/webp\" sizes=\"(min-resolution: 4dppx) and (max-width: 700px) 50vw, (-webkit-min-device-pixel-ratio: 4) and (max-width: 700px) 50vw, (min-resolution: 3dppx) and (max-width: 700px) 67vw, (-webkit-min-device-pixel-ratio: 3) and (max-width: 700px) 65vw, (min-resolution: 2.5dppx) and (max-width: 700px) 80vw, (-webkit-min-device-pixel-ratio: 2.5) and (max-width: 700px) 80vw, (min-resolution: 2dppx) and (max-width: 700px) 100vw, (-webkit-min-device-pixel-ratio: 2) and (max-width: 700px) 100vw, 700px\" \/><source srcset=\"https:\/\/miro.medium.com\/v2\/resize:fit:640\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 640w, https:\/\/miro.medium.com\/v2\/resize:fit:720\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 720w, https:\/\/miro.medium.com\/v2\/resize:fit:750\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 750w, https:\/\/miro.medium.com\/v2\/resize:fit:786\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 786w, https:\/\/miro.medium.com\/v2\/resize:fit:828\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 828w, https:\/\/miro.medium.com\/v2\/resize:fit:1100\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 1100w, https:\/\/miro.medium.com\/v2\/resize:fit:1400\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg 1400w\" sizes=\"(min-resolution: 4dppx) and (max-width: 700px) 50vw, (-webkit-min-device-pixel-ratio: 4) and (max-width: 700px) 50vw, (min-resolution: 3dppx) and (max-width: 700px) 67vw, (-webkit-min-device-pixel-ratio: 3) and (max-width: 700px) 65vw, (min-resolution: 2.5dppx) and (max-width: 700px) 80vw, (-webkit-min-device-pixel-ratio: 2.5) and (max-width: 700px) 80vw, (min-resolution: 2dppx) and (max-width: 700px) 100vw, (-webkit-min-device-pixel-ratio: 2) and (max-width: 700px) 100vw, 700px\" data-testid=\"og\" \/><img decoding=\"async\" class=\"bg oa ob c\" role=\"presentation\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:989\/1*kk2WOv6R_CXNVINCNiBFrA.jpeg\" alt=\"\" width=\"700\" height=\"467\" \/><\/picture><\/div>\n<\/div><figcaption class=\"mw mx my mz na nb nc be b bf z dv\" data-selectable-paragraph=\"\"><a class=\"af nd\" href=\"https:\/\/www.youtube.com\/watch?v=SuGkDpwP32c\" target=\"_blank\" rel=\"noopener ugc nofollow\">Shahar Nechmad (Credit Stacks) \u2014 So You Want to be a Freelancer? How to Win American Customers<\/a><\/figcaption><\/figure>\n<p id=\"c3a5\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">Another satisfying aspect that comes along with our remote connections is our remote work. Many professionals choose this route, not necessarily for the monetary facet, but for the flexibility it gives you.<\/p>\n<p id=\"cf94\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">The first and most significant guidance Shahar gave us was that:<\/p>\n<p id=\"f5c2\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><em class=\"ne\">\u201cIt\u2019s all about who knows you \u2014 you really need to realise that networking is your job. Your job is not to be the best developer out there,\u00a0<\/em><strong class=\"lr fp\"><em class=\"ne\">your job is to make sure that everybody knows that you\u2019re the best developer out there<\/em><\/strong><em class=\"ne\">.\u201d<\/em><\/p>\n<p id=\"f207\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">From his vast experience as a freelancer and consultant, Shahar has understood that you have to eliminate risks in order to be among the most sought-after experts in the market. Even though this type of contracting comes with many freedom, it also presents more risks, both for the contractor and the contractee. Here are some steps you need to have in mind if you want to present your work as a responsible and risk-free one:<\/p>\n<p id=\"77f0\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">\u270f How does your thinking process look like?<\/p>\n<p id=\"fd18\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">\u270f What\u2019s your process of work?<\/p>\n<p id=\"6d0d\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">\u270f What happens at the end of the project?<\/p>\n<p id=\"f8a7\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">\u270f How are you going to transfer knowledge?<\/p>\n<p id=\"c9fa\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">\u270f How do you do documentation?<\/p>\n<p id=\"edcd\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">\u270f How do you do testing?<\/p>\n<p id=\"bd0a\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><em class=\"ne\">*All these matters that people hate to do \u2014 these are the things that you need to talk about, because nobody else is talking about them and they represent the aspects that customers really fear.<\/em><\/p>\n<p id=\"8ebb\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><strong class=\"lr fp\">And finally: How do you build a business in Romania?<\/strong><\/p>\n<figure class=\"mn mo mp mq mr ms\">\n<div class=\"mt hz l eb\">\n<div class=\"mu mv l\"><iframe class=\"ek n fc dx bg\" title=\"Panel: Should you Build your Business from Romania or Go Abroad?\" src=\"https:\/\/cdn.embedly.com\/widgets\/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FfRJYZjjSG_U%3Ffeature%3Doembed&amp;display_name=YouTube&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DfRJYZjjSG_U&amp;image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FfRJYZjjSG_U%2Fhqdefault.jpg&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=youtube\" width=\"854\" height=\"480\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p id=\"6a3c\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\"><em class=\"ne\">\u201cI think it\u2019s the same as it would be anywhere else: just think of who the customer is, what problem you want to solve and go solve it. If that happens to be here, stay here. If that happens to be in New York, go to New York. Wherever you need to be to make the world a better place. I think the location is becoming more and more irrelevant.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ab ca oc od oe of\" role=\"separator\"><\/div>\n<div class=\"fh fi fj fk fl\">\n<div class=\"ab ca\">\n<div class=\"ch bg et eu ev ew\">\n<p id=\"23d4\" class=\"pw-post-body-paragraph lp lq fo lr b ls lt lu lv lw lx ly lz ma mb mc md me mf mg mh mi mj mk ml mm fh bj\" data-selectable-paragraph=\"\">Although, there are many pros &amp; cons when we\u2019re referring to building a business in Romania, in the EE or to even just building a business wherever, there is only one conclusion that we\u2019ve come down to, after so many editions of interviewing entrepreneurs regarding it:\u00a0<strong class=\"lr fp\">just start that business!<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The times we are living have empowered remote connections and work has acquired a whole new meaning due to its [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15,51,79,80],"class_list":["post-3349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-techsylvania","tag-cluj-napoca","tag-business","tag-romania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - 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