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University and Hanseatic City of Rostock - Moving History on the Baltic Sea

07/04/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Rostock is a city in northern Germany and has a long and interesting history. The foundation of the city dates back to 1218, when Prince Heinrich Borwin II of Mecklenburg elevated the settlement on the lower reaches of the Warnow River to a market and granted it the Lübische Stadtrecht.

In the following centuries, Rostock developed into an important trading center on the Baltic Sea. The city belonged to the Hanseatic League, a trade alliance of northern German cities, and benefited from its access to the sea and its location on the important trade routes between Scandinavia, Russia, and Western Europe.

In the 16th century, Rostock was affected by the impact of the Reformation. The city became Protestant and disputes arose with neighboring Catholic countries. During the Thirty Years' War, Rostock was besieged and badly damaged several times

In the 19th century, Rostock experienced an economic boom. The city became an important industrial site and numerous factories, shipyards and trading companies were established. During this time, the port was also expanded and modernized to handle the increasing trade.

During World War II, Rostock was heavily bombed and many historic buildings were destroyed. After the war, the city became part of East Germany and experienced intense urbanization and industrialization in the following decades.

After the reunification of Germany in 1990, Rostock became part of the state of Mecklenburg-Vorpommern. The city has since developed into an important tourist center, known for its historic old town, its beaches on the Baltic Sea and its cultural events. Today, Rostock is a vibrant city with a rich history and diverse culture.

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Why should you found a company in Rostock?

06/26/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several reasons why you should incorporate in Rostock. Here are some possible advantages:

Good infrastructure: Rostock has a well-developed infrastructure, including a modern port, an airport and a well-connected road and rail network. This facilitates the transportation of goods and provides good access to national and international markets.

University and research institutions: The University of Rostock and other research institutions offer access to qualified specialists, innovative ideas and research cooperation. If your start-up is based on research and development, you can benefit from cooperation with these institutions.

Economic diversity: Rostock has a broad economic base with various industries such as shipbuilding, maritime business, tourism, information technology, biotechnology and food industry. This creates a diversified business environment and offers opportunities for different types of companies.

Attractive place to live: Rostock is an attractive city to live and work in. The city offers a high quality of life with a wide range of cultural activities, a beautiful old town, beaches and lots of greenery. This can help attract qualified professionals and retain employees in the long term.

Funding programs and support: There are various funding programs and support services for business start-ups in Rostock and the region. This can include financial support, consulting services and networking opportunities that can help you start and grow your business.

Of course, when making a start-up decision, you should also consider individual factors such as the industry in which you want to operate, the target group, the availability of skilled workers and potential competitors. A careful market analysis and location assessment are therefore important in order to make the best decision for your specific start-up situation.

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Business Location Rostock - What Opportunities Does the Baltic Sea Region Offer?

06/23/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Rostock has developed into an important business location in northern Germany in recent decades. The city is an important port for freight and passenger traffic on the Baltic Sea and a major location for the maritime industry. Shipyards, shipping companies and suppliers to the shipbuilding industry are located here.

Rostock is also an important hub in the logistics industry. The port has modern infrastructure and good transport links via road, rail and waterways. Goods from Scandinavia, Russia and other Baltic Sea states are transshipped here and transported onward.

Another important industry in Rostock is tourism. The city attracts many visitors every year who enjoy the historic old town, the beaches on the Baltic Sea and cultural events. There are numerous hotels, restaurants and recreational facilities that provide jobs.

The University of Rostock also contributes to the city's economic development. The university is one of the oldest in Germany and has a good reputation in research and teaching. Innovative ideas and technologies are developed here that drive the economy in the region.

Overall, Rostock as a business location offers a good infrastructure, a favorable location on the Baltic Sea and a wide range of industries and companies. The city is an important driver of economic development in Mecklenburg-Vorpommern and contributes to the creation of jobs and prosperity in the region.

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What should be considered when starting a business?

06/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There is a lot to consider when starting a business. Here are some important points:

Business idea and market research:

A good business idea and a thorough market analysis are the first steps to starting a successful business. It is important to ensure that there is a demand for your product or service and that you have a meaningful strategy to differentiate yourself from the competition.

Business Plan: A well-thought-out business plan is essential to attracting investors, obtaining loans, and keeping your business strategy on track. A business plan should include a summary of your business idea, market analysis, finances, marketing and sales strategies, and your goals and plans for the future.

Business Plan.

Legal Form: The choice of legal form in which you start your business will affect your liability, tax obligations and other legal matters. There are several options, including sole proprietorships, partnerships, limited liability companies, or corporations.

Finances.

Finance: Solid financing is critical to the success of your business. You need to carefully calculate how much start-up capital you will need, what your ongoing costs will be, and how you can make your business profitable. You should also develop an accounting and tax strategy.

Permits and licenses: Depending on your business and legal form, you may need permits and licenses to operate legally. These can vary widely by location and industry, so it's important to do your research in advance.

Permits and Licenses.

Personnel: If you are looking to hire employees, you will need to learn about labor laws, social security, insurance, and other legal issues. You should also develop an application process and create clear job descriptions and employment contracts.

Personnel.

Marketing and sales: to attract customers and make your company known, you need a strong marketing and sales strategy. Here you should consider which target group you want to address, which channels are best suited for this and how you can stand out from the competition.

Marketing and Sales: To attract customers and make your company known, you need a strong marketing and sales strategy.

There are many more aspects to consider when starting a business, but these seven points should give you a good overview. It's important to do your research thoroughly and, if necessary, seek professional help from tax advisors, lawyers or business consultants to maximize your chances of success.

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How to Get Media Attention - A Guide

06/19/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

For companies and organizations, media attention can be an important factor for success. If you want to present yourself as an expert in your field or want your company to be in the spotlight, the right media presence can help to increase your awareness and promote your business.

But how do you get into the media? Here are some steps that can help you get media attention:

Identify your target media

Before you begin, you should consider what media works best for you. It's important to research your target media to find out what type of content they publish and who their target audience is. Identify the media that best suits your business and make sure you have the contact information for the relevant editors or journalists.

Develop a message

A clear and compelling message is key to attracting media attention. Before engaging with the media, you should make sure you have a clear and memorable message. Think about what makes your business unique and why the media might be interested.

Write a press release

A press release is an important way to get your message across to the media. A well-written press release should get your message across clearly and concisely, and contain all the relevant information a journalist needs to cover it. Make sure your press release is well structured and includes all important information in the first few paragraphs.

Send your press release

Once your press release is created, you should send it to your target media. Make sure you send your press release to the right contacts and that you send a personalized email with a short introductory text highlighting the key points. Also, do not send out your press release too often, as this could attract negative attention from the media.

Offer expertise

Another way to get media attention is to offer your expertise. If you are an expert in your field, you can offer your expertise to the media and serve as a source for future stories. Make sure you state your expertise clearly and concisely and that you provide clear contact information for media representatives.

Use social media

Social media is another way to get media attention. Use your social media to spread your message and showcase your expertise. Use relevant hashtags and mention media companies

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