Entrepreneurship

A good business plan is a living proof that your company has a future. It can help you with your organization and management of the company. Business plan can also help you find investors or partners who can then easily understand what the goal is and what are the chances for success. Actually, business plan is never finished. Planning is the most important process for success of the company that is being established. That process shall be regularly repeated – as the captain must always direct his ship and know the destination.

”Entrepreneurship is an activity directed at initiating, organizing and innovating the business of the company with the main aim of establishing a new market and making a profit. It is related to all aspects of human behavior – it develops creativity, improves new ideas and enriches human needs”

Dr Nenad D. Penezić, ''How to become an entrepreneur'', Belgrade, 2003.

Company Law (Official Gazette, Republic of Serbia, No. 125/2004) defines a company (enterprise as it was called before introduction of the mentioned Law, and it is still used in everyday speech) as a legal entity which is founded by legal entities and/or natural persons by Articles of Association for the purpose of conducting activities with the aim of gaining profit.  The company can be established in the following legal forms: general partnership, limited partnership, limited liability company and joint stock company (open and closed). In addition to the legal forms of companies, specific other laws may prescribe other forms of companies or enterprises.