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Lithuania: A Country Growing Silently

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I visited Lithuania for first time in 2005. It was a very new country that was born on the 11th of March 1990. Brave Lithuanians are the one that declared Independence from USSR on this day and successfully became an independent Baltic state, though USSR/Russia recognized Lithuania a year later, however the international communities recognized Lithuania already and it had a great start as a Country. With a small territory of 63,500 square kilo meter space and a population of about 2.65 million having its territories with Latvia, Poland, Belarus and Russia, it’s a challenge they have been facing with some of the neighbours that are very well known by all in the World. A country with a lot of lakes and fertile soil does not rely on the agriculture. It’s 1.5 million Human Capital that are key to change this nation what I saw in 2005 and what I saw in 2023 are completely a different story. During my first visit I met number of officials from the Ministry of Foreign Affairs and I was warmly welcomed by the Ministry officials and the Minister, Investment and Business Wings of the Government and some of the private sector companies such as Avia Solutions Group. I met a lot of people during my trip and I clearly understood from the level of intelligent and smart discussions that this country has only one way to and that is growth. I enjoyed working with the Lithuanian companies such Avia Solutions Group, Avia Baltika, Klaipeda Port, and many others that can be named. I saw a lot of new opportunities that this country could bagged in having a strong relationship with the South Asian countries who are manufacturers of Textiles, a growing market for Aviation Business, Technology and others. Thus, I wrote an article on my return to my home country (Bangladesh) that there is Ample scope for Bangladesh to grow the economic and diplomatic relationship with Lithuania and the two other Baltic states which were pretty unknown to the mass people in Asia. The article was posted in the Ministry of Foreign Affairs website for a long time and I wrote another article while I was helping some of the Lithuanian companies grow expand in Asia specially in India, Bangladesh, Malaysia, Indonesia, Vietnam, which was published and still hanging in the website of Lithuanian Embassy in Delhi, India. have seen the growth of cooperation and business, investment by Lithuanian companies in Asia and surely it was a pride for me to see them opening mission in India facilitating the Lithuanian and Asian businesses to grow thus today many of the Lithuanian companies having huge business with South Asian countries with multi million dollars of investment, creating local jobs and transferring technologies. In 2014 I leased an aircraft from Lithuania with 6 Lithuanian flying and engineering crew who performed excellent and I was very proud of them. I gave a clear indication to the business communities in Asia that Lithuania could be a growing market and it could be a hub for other Baltic nations and regional market, which happened in a large scale like this time when I visited the three Baltic States, I saw the most of the textiles are coming from Bangladesh, Cambodia mostly. What a change! See the growth between the country. I felt the people of Lithuania are extremely intelligent and tech oriented. They are result driven, committed and fearless in driving ideas to the emerging market. That made some of the Lithuanian companies today World’s largest conglomerate like Avia Solutions group, where not they are operating today globally. Their contribution towards the GDP growth of the country is remarkable. Let me give a little bit of information on their economy, a country having no natural resources at all, based on its services mostly, with very little agriculture, with a declining population (population grown -1.05%) they have been growing purely based on their merits, plans and leadership quality. They are proud member of NATO, EU, Schengen. Export is higher than Imports which is absolutely stunning. Current Export is 53.39 billion USD and import is USD50 billion. Having a GDP growth of 5.58% with a Central bank reserve of USD:5.58 billion. Having a per capita income of USD39.300, with a Fitch Rating of A, Moody’s A3 is absolutely gorgeous. Stable Political situation growth mindset population and excellence in Tech oriented non- traditional business is making this country Grow Silently and becoming an important player in Global Economy and Politics. I am so proud of Lithuania and shall be glad to see it growing further with a much higher speed to become one of the most developed Economy in the World. DR M HAIDER UZZAMAN haider@businesssummit.net

Business Summits

Investors Summit Dubai 2024

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Imagine a place where the world’s top investors, industry leaders, and entrepreneurs come together under one roof. Welcome to the Investors Summit Dubai 2024. This prestigious event has been a cornerstone for global networking since 2017, attracting thousands of participants from around the world. In this blog post, we’ll explore what makes this Summit a must-attend event, its benefits, and how you can become a part of it. What is the Investors Summit? The Investors Summit is more than just a gathering; it’s a prestigious platform where global investors, entrepreneurs, and industry leaders converge. It’s a place for networking, sharing knowledge, and exploring new investment opportunities. This international event draws participants from various sectors and countries, making it a melting pot of ideas and innovations. Importance of the Investors Summit Why are such summits crucial? For starters, they play a significant role in fostering economic growth and development. The Investors Summit is a catalyst for promoting foreign direct investment (FDI) and encouraging business collaborations. It helps create jobs, spurs innovation, and contributes to overall economic prosperity. It’s not just about meeting people; it’s about making meaningful connections that drive progress. Reasons to Attend the Investors Summit So, why should you attend the Investors Summit Dubai 2024? Here are a few compelling reasons: What Will You Get from the Investors Summit? How to Join the Investors Summit Dubai 2024 Interested in joining? Here’s a step-by-step guide: Preparing for the Investors Summit Preparation is key to maximising your experience. Here are some tips: Highlights of Past Investors’ Summits The Investors Summit has a track record of success. Previous summits have led to: Anticipated Agenda for Investors Summit Dubai 2024 What’s in store for the 2024 summit? Here’s a sneak peek: Networking Opportunities Networking is a cornerstone of the Investors Summit. To make the most of it: Expert Insights and Keynote Speakers The Summit features prominent speakers who are experts in their fields. Learning from these leaders can provide the following: Workshops and Panel Discussions Interactive sessions like workshops and panel discussions are invaluable. They offer: Exclusive Benefits for VIPs VIP attendees enjoy several perks, such as: Business Expansion Opportunities The Summit isn’t just about networking; it’s about growth. Attendees can: Conclusion The Investors Summit Dubai 2024 is more than just an event; it’s an opportunity to propel your business to new heights. With unparalleled networking opportunities, access to exclusive investment prospects, and a wealth of knowledge from industry leaders, attending this Summit can be a game-changer. Don’t miss out on the chance to be part of this prestigious gathering. Come aboard and make a meaningful stride toward realising your business objectives.

Business Summits

How to Get Investors for a Hotel in 2024

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Securing investors for a hotel venture is a crucial step in turning your hospitality vision into reality. Whether you’re starting from scratch or looking to expand an existing operation, the financial support, expertise, and networking opportunities provided by investors can be instrumental to your success. This blog post explores the importance of hotel investment, the challenges of running a hotel, and offers practical advice on attracting investors. Additionally, we’ll highlight the Investors Summit Dubai 2024 as an excellent chance to network with potential investors for your hotel project. Challenges of Running a Hotel Running a hotel presents numerous challenges, including maintaining high standards of cleanliness and customer service, managing fluctuating occupancy rates, and handling diverse guest needs and expectations. Financial management is crucial, as operational costs can be high and profit margins thin. Staffing issues, such as recruitment, training, and retention, add complexity. Additionally, hoteliers must navigate competition, adapt to market trends, and leverage technology for booking and guest management. Ensuring security, both physical and digital, is paramount. Environmental sustainability and compliance with regulations also pose ongoing challenges. Ultimately, balancing guest satisfaction with operational efficiency is key to a hotel’s success. High Costs Starting and operating a hotel requires significant capital. Initial costs include purchasing land, construction, interior design, and acquiring licenses and permits. Once the hotel is up and running, ongoing expenses like staff salaries, utilities, maintenance, marketing, and guest services quickly add up. Given these high costs, few entrepreneurs can finance a hotel project entirely on their own. This is where investors come in. They provide the necessary funds to cover these expenses, allowing you to focus on creating a unique and memorable guest experience without the constant worry of cash flow issues. Competition The hospitality industry is highly competitive. New hotels are constantly entering the market, and existing ones continually strive to upgrade their offerings. To stay ahead of the competition, it’s important to keep improving our buildings, services, and advertising. Investors are very helpful because they give us the money we need to make these improvements. Seasonality Hotel revenue can be highly seasonal, with significant fluctuations depending on the time of year. Managing cash flow during low seasons while preparing for peak periods is a constant challenge. Investors can provide the financial stability needed to weather these fluctuations and ensure smooth operations year-round. Changing Consumer Preferences Consumer preferences in the hospitality industry are continually evolving. From the rise of eco-friendly hotels to the demand for personalised experiences, staying relevant requires ongoing innovation and adaptation. Investors can help fund these innovations, ensuring your hotel meets and exceeds guest expectations. Why Do You Need Investors for Hotels? Investors play a vital role in helping hotels navigate these challenges. Their financial support ensures you have the resources to invest in necessary upgrades and marketing campaigns. Their knowledge can help you make good decisions to improve your hotel and stay competitive. Also, their connections can lead you to opportunities you might not find by yourself. Financial Support The primary benefit of having investors is, of course, financial support. Investors can provide essential funding to start and sustain your hotel, covering everything from its initial construction to daily operational expenses. This financial cushion allows you to make strategic decisions and investments without being hampered by immediate cash constraints. Expertise Investors offer more than just financial backing. Their profound knowledge of the hospitality industry and related fields provides invaluable insights and guidance. This expertise is essential for running a hotel smoothly, refining operations, and exceeding guest expectations with exceptional service. Networking Opportunities Investors’ extensive industry connections pave the way for new partnerships, creative marketing approaches, and opportunities for securing additional funding. Leveraging these networks can give your hotel a competitive edge and accelerate its growth. How to Get Investors for a Hotel Securing investors for a hotel involves a strategic approach. Start by crafting a compelling business plan highlighting the hotel’s unique selling points, market analysis, and projected financial returns. Take advantage of networking events, industry conferences, and online platforms to connect effectively with potential investors. Showcase your team’s experience and expertise to build credibility. Utilise professional pitch decks and financial projections to present a clear, attractive investment opportunity. Consider offering equity, revenue shares, or other incentives to entice investors. Lastly, engage with investment groups, venture capital firms, and private equity investors specialising in the hospitality sector to maximise your chances of success. Creating a Solid Business Plan A well-thought-out business plan is vital for attracting investors. This plan should outline your vision for the hotel, including its unique selling points, target market, and competitive landscape. It should also include detailed financial projections, demonstrating the potential for profitability and return on investment. A compelling business plan not only convinces investors of your hotel’s viability but also shows that you have a clear strategy for success. Showcasing the Hotel’s Unique Selling Points Investors are more likely to invest in a hotel that stands out from the competition. Highlight what makes your hotel unique, whether it’s a prime location, innovative amenities, exceptional service, or a niche market focus. Use high-quality visuals, such as architectural renderings or photos of your property, to bring your vision to life. Clearly articulate how these unique selling points will attract guests and drive revenue. Networking Within the Industry Building relationships within the hospitality industry can significantly increase your chances of finding investors. Attend industry events, become a member of professional associations, and actively engage in online forums and social media groups to broaden your network and enhance your chances of securing investment. These platforms are golden opportunities to engage with potential investors, gain insights into their preferences, and showcase your exciting hotel project. Networking not only helps you find investors but also provides insights and feedback that can improve your business plan and strategy. Investors Summit Dubai 2024 Attending the Investors Summit Dubai 2024 can significantly enhance your chances of securing investors for your hotel. The event brings together a diverse group of investors actively seeking new opportunities.

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