This is soon confirmed by the entrepreneur Mindaugas Vanagas, founder of “Vanagas Group,” who welcomes us. Under this group’s umbrella operate the real estate (RE) development company “Citus,” the investment fund management company “Demus Asset Management,” “Oxygen,” and the crowdfunding platform “Profitus.”
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However, real estate development and investments are only part of the topics we discussed with M. Vanagas. The entrepreneur talked about the journey from his first investments in adolescence to the businesses he manages today, about housing prices and their affordability, excessive regulation in the construction sector and how the resulting rising costs ultimately fall on homebuyers’ shoulders, as well as the similarities between art and business and the Kraštai Manor, which he purchased due to personal sentiments.
M. Vanagas does not hide that his work today is quite different from the beginning of his business – now he devotes more time to strategy, searching for new opportunities, and creativity. Moreover, he entrusts a large part of the work to others.
He admits, however, that although he likes to invest in people, he has heard useful advice that he has to use: “Make decisions slowly, forgive quickly.”
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“I am not the kind of leader who says: ‘Let’s give it a try, let’s give trust, let’s inspire a little, and everything will work out.’
For me, that is too big a risk. If the team does not deliver, does not achieve something, makes design, pricing, or attractiveness mistakes, and creates a product that is not what is needed, I cannot tolerate such losses,” M. Vanagas said in the 15min article series “From the First Mouth: Interview with a Leader.”
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