Two Cases of Entrepreneurial Evolution in a Challenging Environment

Atanas Damyanov () and Ivaylo Petrov ()
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Atanas Damyanov: D.A. Tsenov Academy of Economics, Svishtov, Bulgaria
Ivaylo Petrov: D.A. Tsenov Academy of Economics, Svishtov, Bulgaria

Chapter 2008-18 in The European Entrepreneurship in the Globalizing Economy – Challenges and Opportunities. Proceedings of the International Conference, 9 – 12 September 2008, Varna, Bulgaria, 2009, pp 274-294 from Bulgarian Association for Management Development and Entrepreneurship

Abstract: The paper introduces two successful entrepreneurial cases of micro companies from towns in North Central Bulgaria with similar current SME indicators. In 2001-2006 Bulgaria’s North Central region registered a slow decrease of private enterprise and newly registered SMEs. It slowly becomes unattractive for all sizes of businesses. Micro-enterprises’ share declines, wholesale and retail trade remaining first choice among them, hotel and restaurant-keepers catching up. Cases observe what are the initial choices and decisions in different economic fields (production and service sectors), the industry situation, stages of expansion and business profiling. Further development and perspectives are provided after each case.

Date: 2009
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