Challenges Of Entrepreneurship In Romania

Being an entrepreneur nowadays is truly a challenge, a joint synergy between active, innovative behaviour and risk in all its forms, resulting in changes within the socio-economic environment, namely in values to individuals and the society. Personal satisfactions, independence, work safety, the chance of unlimited earnings, power and influence are doubled by major risks such as: loss of invested capital, full responsibility, affecting one’s career and own image, personal and family damage. The importance of start-ups in any economy cannot be denied: they create jobs, generate sustainable economic growth, lead to progress in all forms. In Romania at present, there are about 51,000 active small and medium enterprises accounting for 9% of the total number of companies, yet contributing 24.5% to the total added value. Now, more than ever, there should be emphasis on financing, on the tax environment, regulations, coordinated support, as well as on education and training. Under these circumstances, both the private business environment and the state by its government policies must create conditions for the development of SME’s, generate a competitive entrepreneurial environment, and support the Romanian entrepreneurial culture.