Ali Sabanci
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Businesses State in Turkey

This article is written by Clinton James, a Contributor Author at Startup Turkey.

The entrepreneurial system should never stop developing. There has never been a short way to make money, that is, a previous culture such as “You make it and keep quiet,” its all turned to “Do and share with others how you do it.”

The special thing about Turkey is that the country has succeeded in recovering from the coup and won democracy. Therefore, it is important to recognize the growth of more than 100 investors, three-quarters being foreign investors.

Ali Sabanci is the chairman of Pegasus Airlines, one of the best cheap airlines in Turkey. Chairman of the Young Entrepreneurs Council and is the founder of the Angel Group in Turkey, he is an active angel investor for entrepreneurs. Currently he is the Chairman of Desas (commercial vehicle rental) and Esaslı Gıda (grocery store) and board members from several other group companies.

It is estimated that Asli and Burak, who he met through Startup Istanbul six years ago, with only 20 people in the community and now grown to 2,000 people, half of them are foreigners.

Sabanci went to Copenhagen to discuss what had happened ten years ago. He founded a successful airline, then a food company, and received two-thirds of his money in US currency. He also invested in a retail film business chain and doubled their money to a Korean company. He told them about their interest in going to Turkey if they wanted to experience the same thing.

We have benefits related to reduced income tax deductions, there are TEB banks that help finance, and many other companies that work with entrepreneurs. Even traditional companies want to connect with these startups and entrepreneurs, their names are labeled next to them to create added value. This happens not only in the US, but also in other places such as Silicon Valley.

Like today, some young people turned to him with ideas. Well, many people have ideas and if someone can excel, anyone else can. In both cases we have the same government. Most new governments want the same thing as the previous one.

Not only is there democracy, after July 15, many businesses have developed. That season, the network was focused on building and growing a business. Entrepreneurship was not initially that high, but it is realized, create a bubble, determine its value and then sell it.

Regardless of political, economic and social instabilities or challenges, any place can be ideal for growth.

Imagine yourself as an ideal investor. It’s fun to track your finances and your mutual growth so as to be happy. Investors cannot meet high interest rates in banks, so psychologically be more open to entrepreneurship.

Look at the definition of entrepreneurship, it refers to influence and improvement. If you can influence your improvement habits, people will consume and won’t be forced to purchase. You can only influence that by increasing the benefits they get from the business and what they do now. You will eventually get the money.

─ March 26, 2020

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