PROBLEMS OF START-UPS IN TRANSITION ECONOMIES : THE CASE OF KOSOVO

Abstract

This paper explore the problems facing entrepreneurs respectively business startups in Business Environment of Kosovo. This involved surveying 144 start-up businesses in four regions of Kosovo . The survey method used was a questionnaire, which the respondents completed themselves. A Statistical Package for the Social Sciences (SPSS) program was then used to examine and analyze the findings. The problems for start-ups were during both pre-start-up and ongoing business activities. The main problems during pre-start-up were: lack of initial capital, too much local and national government bureaucracy, lack of pre start up training, getting the bank loan and corruption. Meanwhile, the key problems during ongoing business activities were: high bank interest rates, illegal competition, lack of cash, incorrect competition and disruption to electricity supply

Keywords

• Start-up problems, Entrepreneurship, Business Environment, Transition, Kosovo