STARTING A BUSINESS IN LATVIA AS A CONTRIBUTOR TO PROSPERITY

Abstract

Most people refuse to start their own business, because they are afraid to take risks, to try something new, especially in this economically difficult moment, when the unemployment rate in the country is increasing every month. Although the world has been hit by an economic crisis, people are creating companies. Companies are created with the idea of making money, and the goal of every entrepreneur is to make as much money as possible by investing minimal funds, but maintaining quality. It is important for potential entrepreneurs to evaluate the possibilities of starting a business in order to make a decision about their own business. Research novelty: the article reveals that starting a business is positive.