Pros and cons of establishing a lastminute.com in Lithuania

Essay by LudiA+, March 2005

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Pros and cons of establishing a lastminute.com in Lithuania

Idea or more than that?

Nowadays new ideas are the basis of the world and Lithuania is one of the best space for bringing ideas to life as its market is not yet full. Establishing brand new companies here can result in a significant rise of income; however the possibility of failure can not be excluded. Thus before embodying an idea, one should weight the pros and cons of it.

Time, money and trustworthiness

On the one hand, establishing such a service might enlarge a number of those using entertainment services among business people as this takes little time and the offers are very time flexible

Moreover such facility is also very comfortable to use as it provides a customer with offers collected from various sources. This requires a high level of professionalism from the employees, creating work places for young and responsible people and saves the time on searching for information in a wide range of sources which are often not reliable.

In addition to advantages that have already been mentioned, founding such a provision will as well be profitable, because it is useful both for the founders and their colleagues who will have a perfect space for publishing their offers

And the most important advantage of such service it is that it offers the cheapest possibilities giving young and middle class people the opportunity of exploring other countries, visiting concerts and etc. for the lowest price.

Mentality is hard to change

On the other hand, as it has already been stated, the possibility of failure can not be excluded, thus it is very important not to forget the other side of the advantageous look .

Firstly, the fact that not so many people in Lithuania are using credit cards...