Can Venture Capital and Private Equity Work for You? Six Simple Steps to Guide SMEs in the Western Balkans
Access to finance is ranked as one of the constraints on businesses in the Western Balkans region (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia). Across the region, up to 99 percent of enterprises are small or me...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/543911585889420393/Can-Venture-Capital-and-Private-Equity-Work-for-You-Six-Simple-Steps-to-Guide-SMEs-in-the-Western-Balkans http://hdl.handle.net/10986/33560 |
| Summary: | Access to finance is ranked as one of
the constraints on businesses in the Western Balkans region
(Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North
Macedonia, and Serbia). Across the region, up to 99 percent
of enterprises are small or medium-sized (SMEs). SMEs are a
primary source of economic growth, innovation, and most
importantly, job creation in the region. To attract funding
from investors and grow their businesses successfully
entrepreneurs need the necessary skills to become investment
ready. However, in the Western Balkans, entrepreneurs lack
investment readiness for different reasons, including lack
of knowledge about the availability of external sources of
finance; hesitation to surrender partial ownership and
control of their business; and lack of knowledge of how to
sell their ideas to potential investors. This guide is
targeted at SME owners and managers of SMEs in the Western
Balkans who are interested in developing their businesses
and are considering whether venture capital (VC) and private
equity (PE) could be an option. |
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