NOT SMALL AND MEDIUM-SIZED ENTERPRISES, BUT FAMILY AND TRADITIONAL ENTERPRISES IN BULGARIA. SUCCESSION AND TRANSFER OF BUSINESS

Velizar Petrov

Abstract


The SMEs are an extremely heterogeneous category, which means that special efforts are needed to properly cover the different sub-groups and especially small family and traditional enterprises. After the creation and growth of a business, transfer or inheritance is the third decisive phase in its life cycle. Successful succession and business transfer are a key to maintaining jobs and guaranteeing the continuation of existing businesses. It is important to know that the transfer or succession / inheritance of a business is an integral part of the strategic management of the company. Correct answers to questions such as when, how, to whom, and how much it might cost, can make a business rich or bring it down. In addition, taking on a business is a real alternative for start-ups to swim in the deep waters of a market economy. How to support family business is very important issue for sustainable economy grow.


Keywords


SMEs, transfer and succession, family companies, regional development, family business support

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References


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