Even though Croatia is probably not the first country to come to mind when you’re thinking of outsourcing, it is increasingly becoming a popular outsourcing destination.
An increasing number of businesses are choosing their outsourcing destinations within Central Europe for a wide range of reasons. Croatia is one of the countries that is gaining momentum in outsourcing services. When outsourcing to Croatia, you can expect that the people behind the service are highly skilled, fluent in several foreign languages, and are very pro-technology. Among other things, this kind of service comes at an excellent value for money.
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Croatia is a small country that has shined on the world stage for many reasons, one reason largely being tourism, but another being the innovative technological advancements. By linking its established tourism sector with the advancing technological sector, Croatia can make sustainable improvements and capture new opportunities.
There is an ongoing discussion about whether or not Croatia’s tourism sector is sustainable and what improvements can be made to maintain the success and growth of the sector. One of the main issues regarding Croatia’s successful tourism is the seasonality that limits it to approximately a mere 80 days during the summer…
Where to Invest?
Globalization, tremendous business disruption and the evolution of technology has investors wondering where to invest next? Is anything safe, certain and where is the growth?
What continues to resonate over time is the core tenant that basic human needs for existence and day to day living have proven to present opportunity to date and will continue to do so in future. Applying this logic, one can focus on some key sectors:
Energy: Increasing amounts of energy continue to be consumed for everyday life; quite frankly we are too dependent on it. The world’s population is increasing and…
There is a significant amount of money being poured into investments, start-ups, and new product development? With traditional financials instruments offering very low rates of return, investors are taking greater risk and looking to invest in the next great thing ….. What’s worrisome about this is the expectation of turning a quick profit — there have been a lot of success stories with startups turning around and selling their companies to larger corporations for great profit. For each success story, there are those with not so great outcomes. This environment and expectation of being able to invest and generate great…
Research is an essential input to driving a business forward and helping inform strategy and decision-making. This highlights the importance of ensuring research is objective…. Fact based analysis and problem-solving is critical to making smart business choices.
Leveraging external expertise and/or ensuring internal objectivity in research can help remove existing biases such as:
- Discounting of key information which can change the outcome/disprove assumptions
- Narrowing scope of information, analysis, alternatives based solely on experience
- Expediting research prematurely — making it incomplete
- Decisions and supporting information connected based on “gut” as opposed to facts
Don’t think you know …. ensure you prove it!
Most entrepreneurs start their business without the full contingent of employees they need and it can be difficult….exhausting playing multiple roles. Like many things in life, when challenged, a person grows and that’s certainly the case for those that build their own business. Being an entrepreneur hones a number of skills and a unique accountability that comes from this experience.
There are some foundational skills that are key and most often inherent with entrepreneurs:
· Always need a pipeline of clients and business to drive cash flow and profits
· Better able to identify a need and effective solutions
Today’s business world is becoming uncertain for many; this may be due to economic uncertainty, shareholders, global competition and social-cultural factors.
Since the economic crisis in 2008, there have been constant rumors that there will be another recession or economic depression. To be quite honest, there will be another recession, because the last economic crisis was solved by bailouts and debt. The approach to finance and business has not changed much from the approach prior to the 2008 economic crisis! Furthermore, more corporations are offered via Initial Public Offerings (IPO) and as a result owners and companies are working for…