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Two Cases of Entrepreneurial Evolution in a Challenging Environment

In: The European Entrepreneurship in the Globalizing Economy – Challenges and Opportunities. Proceedings of the International Conference, 9 – 12 September 2008, Varna, Bulgaria

Author

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  • Atanas Damyanov

    (D.A. Tsenov Academy of Economics, Svishtov, Bulgaria)

  • Ivaylo Petrov

    (D.A. Tsenov Academy of Economics, Svishtov, Bulgaria)

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.

Suggested Citation

  • Atanas Damyanov & Ivaylo Petrov, 2009. "Two Cases of Entrepreneurial Evolution in a Challenging Environment," Conference Proceedings Chapters, in: Ken O’Neill & Kiril Todorov (ed.), The European Entrepreneurship in the Globalizing Economy – Challenges and Opportunities. Proceedings of the International Conference, 9 – 12 September, edition 1, chapter 127, pages 274-294, Bulgarian Association for Management Development and Entrepreneurship.
    • Handle: RePEc:mdv:cpchap:y:2008:18
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