The new generation of entrepreneurs, part of the Millennials generation, comes with a new way of doing business, facing the truth head on and looking for solutions at the first signs of trouble. However, all generations of entrepreneurs must get used to dealing with issues from the standpoint of people working in companies not just from the standpoint of companies and figures.
These are the topics discussed by the managers, entrepreneurs and experts who attended the `Mind your Business and Open your Mind’ conference organized by insolvency firm CITR and Ziarul Financiar on Tuesday.
“The new generations are better at dealing with the truth than the other generations. The young people have learnt to take things as they are,” says Dr. Bogdan Iliescu, neurosurgeon.
When entrepreneurs and managers lack the courage to ask for solutions to recover, they get to the point of being harassed by their own delays, which makes it hard to return to stability and achieve growth after. This is why 80% of the entrepreneurs no longer return to the business world after failing once.
“We must look at history, at the entrepreneurs who have run the major businesses in Romania until now. We come from a romantic phase of entrepreneurship and will go down in history as trailblazers, because we are confident, we buy and sell. The new generations are different, they will manage entrepreneurship differently,” says Corneliu Bodea, CEO of energy service company Adrem.
The attention to important companies, with more than EUR1 million in assets is even greater as they are few (only 4% of the total) and have a great impact overall, since they account for 79% of the revenue of the business sector.
“We’ve started to look not just at the ailing company and figures, but also at the people working in companies,” says Andrei Cionca, chairman and founder of CITR.
(English version by Loredana Fratila-Cristescu)