Investor Adventure in Romania



Investor Adventure:
  • You choose Romania. Good macro economical indicators, EU country. High Unemployment.
  • You try to buy the land in nice city, a lot of politicians are contacting you asking for a lot of funny things. Cars, money. No, they are not corrupted and yes, you are Santa Claus for them, so bring the gifts! You are amused. However you buy some cars.
  • You plan to recruit your management team in 3 months. Allocated budget X euros/year.
  • You have 20 open management positions and 0.5 candidates. 0.5 because the guy wanted a part time job,with a full payment and luxury company car. In 2 years he expects a private jet for him. He deserves it, because his mother said so.
  •  You hire an headhunter .Finally you recruited all of them. One year passed and your management salary budget is 3 times X. Headhunter delivered. You pay salary proportional commission.
  • You smile again.
  • You bought the land, you start building your plant. Plan 1 year. Budget Y.
  • You cry for the first time since childhood.
  • Your hair is getting either white or off.
  • You finish the plant.After 2 years. you spent double Y. 
  • You are admiring the new beautiful luxury villas that appear in the area where you built your plant. Yes, you empower the area, and no, they didn't took materials from your construction site.
  • You plan to recruit your direct labor. Official unemployment in the area is 40%. There should be a big queue of people waiting to be recruited.
  • Day 1 , open positions 2000, 5 candidates. Motivation for the job, they need money for the one way ticket to Spain, but they want a long term collaboration.
  • You ask again for the unemployment statistics.  No answer from the local authorities.You should have hired the wife of the mayor...Everybody told you! So what if she doesn't speak English and she wants to work only on Tuesdays?
  • Day 2 , open positions 1995, 2 candidates. 
  • Day 300 , open positions 50. Still no answer from the local authorities. Your electricity line is down 2 times per day. The electricity company director is the brother of the mayor. Yes, You should have hired the wife of the mayor...and no, the electricity failures are not planned,they are just accidents.
  • You hire a law firm for fighting the electricity company.
  • Your electricity line is down 4 times per day.
  • After 12 months and 100000 euros spent you lose all legal fights. You have to pay another 100000 euros as penalties.
  • Your electricity line is down 5 times per day.
  • You cry every day.You start to think that the wife of the mayor could be a valuable candidate,despite the English language level. And yes, working  every Tuesdays it can be enough. Maybe she is a highly effective employee?
  • You are not delivering your products in time. You get customer penalties.You need more people and less downtime.
  • In the city there are rumors that in your plant it is Ebola. No, she has no connection. 
  • Your electricity line is down 8 times per day.
  • You hire her. She chooses her title: Executive Vice President of Administration, HR and Financials. She works from home.Unemployment official data arrives. It is 2%. The rest of 38% are already in Italy, France...
  • Your electricity line is down 2 times per day. Much better, no? You smile again.
  • She hires her brother as purchasing manager, mother as payroll specialist
  • She hires a new  Technical Director.He is the former electricity company director. He seems a very professional and motivated gentleman.
  • Your electricity line is down 10 times per day.
  • The Technical Director dies. Electrocution. 
  • At the funeral everybody speaks about Ebola. 20% of employees are quitting your company in the next day. 
  • You increased the gross salary with 30%, but you don't find enough employees.
  • You increased the gross salary by another 30%, you still don't find enough  employees. The funny news is that currently your employees are building a union to request another 30% salary increase, special bonuses and other interesting things. 
  • You want to bring expats for direct labor, forget it, the laws are so complicated that even the law makers don't understand them anymore.
  • After you give to the union an additional 50% increase in gross, you still don't find enough people, you start bringing people from all the corners of Romania, paying millions in accommodation, recruitment and employee leasing fees.
  • Now you have enough direct workers, it is 2018.
  • You must increase your price. 
  • Everything you buy seems expensive. You don't want to fight her brother, the purchasing manager. But still 200 euros per one piece of toilet paper seems a lot. However is not your priority now.
  • Customers are not accepting your price increase...They will not reduce the penalties. Due to high employee turnover you have also quality issues.
  • You have the first strike. The union blocks your business 1 week, Everybody seems so happy so united here.
  • You lose majority of your customers.
  • The number of luxury villas and luxury cars is exploding.
  • The wife of the mayor has the latest Porsche. She did't answer your phone in the last 2 months.
  • You are tired. You sell your plat and your equipment to cover your debt.
  • You fire everybody. You plan to go in 2 months holiday.
  • You cancel your holiday because she sues you. You pay 200000 euros. 
  • After 2 months psychiatric help, you stopped crying.
  • You finally go to holiday.
  • You return, new life, new challenges, reset.
  • Day 1: You choose to Bulgaria. Good indicators, EU country. High Unemployment....

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