The 9 Critical Stages of Building a Business
1. You can’t sustain a business without positive cash flow. Even though profit may not be your driving motivation, you can’t sustain any business without generating cash. In most businesses, this means selling something, and proving that your product or service... Read More →
How Can I Tell Whether My Business Ideas Are Good or Bad?
With an estimated 100 million new businesses launched globally each year, the chances of coming up with an entirely unique business idea literally become slimmer by the second. However, even if a similar product or service, you can still offer a unique experience that... Read More →
Bulgaria reports 0.3% economic growth in Q1 2020
Bulgaria’s economy grew by 0.3 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 4. The figure was in line with NSI’s flash estimate released last month.... Read More →
Foreign Investments in Bulgaria Increased by 100 Million Euros in the First Quarter of 2020
According to data of the Bulgarian National Bank, foreign investments in Bulgaria increased by 100 million euros in the first quarter of 2020 compared to the same period of 2019. By the end of March, more than 254m euros were invested in... Read More →
Income of Bulgarians Increases by 12% for the First Quarter
An increase in the income of Bulgarians of over 12% at the beginning of the year was reported by the National Statistical Institute. The average income already exceeds BGN 1,700 per month. At the same time, the total costs increase... Read More →
Why Now Is Still a Good Time to Start a Business
To most people, this may not seem like a great time to start a new company, but that’s exactly why it is. If you follow conventional wisdom, then this is likely the worst time to start a new business. People are more... Read More →
5 Small Business Trends to Pay Attention to in 2020
2020 hasn’t turned out like most companies expected, but these trends offer an opportunity to move the needle in the right direction. As an entrepreneur, you’ve likely had to embrace change lately so you not only continue to succeed, but you also find... Read More →
Bulgarian economy to grow by 3% in 2020 – World Bank forecast
Bulgaria’s economy was set to grow by three per cent in 2020, according to the latest World Bank’s Global Economic Prospects report, released on January 9. That figure is below the 3.6 per cent growth estimate for Bulgaria’s economic growth... Read More →
Unemployment in Bulgaria in November 2019 was 3.7%
Unemployment in Bulgaria in November 2019 was 3.7 per cent, down from 4.8 per cent in November 2018, according to seasonally-adjusted figures released on January 9 by European Union statistics agency Eurostat. The November 2018 figure represented about 294 000... Read More →
12-Step Guide to Starting a Business
There are no limits on who can become a great entrepreneur. You don’t necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success. However,... Read More →
