BUILDING TRUST WITH NEW PARTNERS IS CRUCIAL FOR SUCCESS


So it was a very natural thing. It wasn’t something that I think we needed to go through a vetting process because that was already done. We already had that connection. We already knew the quality of the work and the reputation of the company. So it was just a matter of pushing the button.
— Constantin Tzembelicos

BUILDING TRUST IS THE MOST CRUCIAL ELEMENT TO A NEW RELATIONSHIP

Constantin Tzembelicos, Co-Founder of NOBL and a Serial Entrepreneur. We dive into the fascinating journey behind the transformation of NOBL, a luxury business hub in Athens, Greece. 

“Working with Ideoli was another interesting story. Like many interesting stories, it was actually an introduction done by the former Canadian ambassador Robert Peck. It was an early morning. George was in Athens at the time and it was one of those persons that you just had to meet. At that  time we weren't even talking about projects. This project wasn't even on the drawing board really. But as it developed it was almost like a no brainer and said, Hey, George, we're doing this project. Yeah, we're opening up an office in Athens, let's do this together. So it was a very natural thing. It wasn't something that I think we needed to go through a vetting process because that was already done. We already had that connection. We already knew the quality of the work and the reputation of the company. So it was just a matter of pushing the button.”

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Η οικοδόμηση εμπιστοσύνης είναι το πιο σημαντικό στοιχείο!

Κωνσταντίνος Τζεμπέλικος, Συνιδρυτής της NOBL και Σειρά Επιχειρηματίας. Βουτάμε στο συναρπαστικό ταξίδι πίσω από τη μεταμόρφωση του NOBL, ενός πολυτελούς επιχειρηματικού κόμβου στην Αθήνα, Ελλάδα. 

«Η συνεργασία με την Ideoli ήταν μια άλλη ενδιαφέρουσα ιστορία. Όπως πολλές ενδιαφέρουσες ιστορίες, ήταν στην πραγματικότητα μια εισαγωγή που έγινε από τον πρώην Καναδό πρεσβευτή Robert Peck. Ήταν ξημερώματα. Ο Γιώργος ήταν τότε στην Αθήνα και ήταν από τα πρόσωπα που έπρεπε να γνωρίσεις. Εκείνη την εποχή δεν μιλούσαμε καν για έργα. Αυτό το έργο δεν ήταν καν στο σχέδιο.

Constantin Tzembelicos, Co-Founder of NOBL and a Serial Entrepreneur.


WHY IS TRUST SO IMPORTANT IN BUSINESS?

Trust is a fundamental and essential element in the world of business for several reasons:

  1. Building Relationships: Trust is the foundation for building strong and lasting relationships with customers, clients, partners, and employees. When people trust a business, they are more likely to engage with it and develop long-term connections.

  2. Customer Loyalty: Trust leads to customer loyalty. When customers trust a business to deliver quality products or services, they are more likely to return for repeat business and recommend the business to others.

  3. Reputation: Trust is closely tied to a business's reputation. A trustworthy business is more likely to have a positive reputation, which can attract more customers and opportunities.

  4. Reduced Transaction Costs: Trust can reduce transaction costs in business dealings. When parties trust each other, they are more likely to engage in efficient and cost-effective transactions, leading to higher productivity and profitability.

  5. Risk Mitigation: Trust can help mitigate risks in business relationships. When trust exists, parties are more likely to believe that the other party will act in their best interests, reducing the need for costly safeguards and legal protections.

  6. Collaboration and Innovation: Trust fosters collaboration and innovation. In an environment of trust, employees are more likely to share ideas, collaborate on projects, and take calculated risks to drive innovation.

  7. Employee Morale and Productivity: Trust between management and employees is crucial for a positive work environment. When employees trust their leaders, they are more engaged, motivated, and productive.

  8. Attracting Talent: Trustworthy businesses are often more attractive to top talent. Potential employees are more likely to want to work for a company they trust, which can lead to a higher caliber of talent in the organization.

  9. Competitive Advantage: A reputation for trustworthiness can be a significant competitive advantage in the marketplace. Customers are more likely to choose a business they trust over competitors.

  10. Ethical Considerations: Trust is closely tied to ethical behavior. Businesses that operate with integrity, honesty, and transparency are more likely to earn the trust of stakeholders and maintain high ethical standards.

  11. Crisis Management: In times of crisis or adversity, businesses that have established trust with their stakeholders are better equipped to navigate challenges and maintain support.

  12. Long-Term Success: Trust is a key factor in the long-term success of a business. It can lead to sustained growth, profitability, and a positive impact on society.

In summary, trust is crucial in business because it underpins relationships, fosters customer loyalty, enhances a company's reputation, reduces costs, and promotes a positive work environment. Trustworthy businesses are more likely to succeed, grow, and thrive in the long run.

WHAT DOES THE OFFICE SPACE / COWORKING SPACE MARKET LOOK LIKE IN GREECE?

The office space and coworking space market in Greece is experiencing growth and transformation, although it is not as mature or as large as in some other European countries. The COVID-19 pandemic had an impact on office space usage and trends, with an increased interest in flexible office solutions. Here are some key points about the office and coworking space market in Greece:

  1. Growth of Coworking Spaces: Coworking spaces were gaining popularity in major cities like Athens and Thessaloniki. International coworking providers such as WeWork and local operators were establishing a presence, offering flexible office solutions to startups, freelancers, and established businesses.

  2. Flexible Office Space: Flexible office solutions, including coworking spaces and serviced offices, were on the rise as businesses sought to adapt to changing work patterns. Many companies were exploring hybrid working models, which increased the demand for flexible office arrangements.

  3. Local Operators: In addition to global coworking chains, local operators were also expanding their coworking and serviced office space offerings to cater to the growing demand.

  4. Shift in Office Demand: The pandemic accelerated the shift towards more flexible office arrangements, remote work, and the adoption of digital tools for communication and collaboration. Companies were reconsidering their office space requirements, which impacted the traditional office leasing market.

  5. Remote Work Considerations: Many Greek businesses were considering hybrid work models, allowing employees to work remotely part of the time. This shift in work patterns influenced the demand for office space, with a focus on flexible and adaptable solutions.

  6. Economic Challenges: Greece faced economic challenges, which also impacted the office space market. The economic environment had an effect on the decisions of businesses regarding office space and expansion.

  7. Real Estate Market: The overall real estate market in Greece was experiencing changes, with opportunities and challenges for office space providers. Factors like location, pricing, and the availability of modern and efficient office spaces played a role in market dynamics.

For the most current and specific information about the office space market in Greece, it's advisable to consult local real estate reports, industry publications, and experts in the field.


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