Start – Up and Managing an Agricultural Business in Albania

Founding new businesses in agricultural sector in Albania has a number of advantages for the country's economy.Such advantages can be combined according to two key criteria: firstly, the country's agricultural sector is powerful and promising in terms of its significant part in the country's GDP, the creation of a considerable number of jobs and export potential.Secondly, small businesses are a source of innovation and generally contribute to the growth of the country's economy.However, for the founders of new businesses (start-ups) in Albania there are a number of difficulties, the identification and outline of minimisation ways which is a relevant study subject in terms of the positive effect of the elimination of such difficulties both for business owners and for the country's economy as a whole.Thus, the study purpose is to outline the problems of start-ups in the agricultural sector of Albania and to suggest ways to solve these problems at the state level and at the level of individual businesses in the terms of determining the most promising development directions.During the study, the following methods were used: analysis and synthesis, economics and statistics analysis, the method of establishing cause-and-effect relationships and graphic methods.As a result of the conducted study, the main characteristics of the start-ups ecosystem both in general and in Albania in particular are outlined.The main problems connected with the access of budding entrepreneurs to financing were identified.The main legislative aspects connected with start-ups and the steps taken by the government to improve the business climate in the country are characterised.The main statistical characteristics of start-ups in Albania were revealed.The importance of the country's agricultural sector for its economic development and the main difficulties connected with its functioning are determined.In the study conclusion, a generalisation of the main problems and promising development directions of startups in Albania is provided.The practical significance of the study is in the outline of directions for improving the government's policy regarding the support for new businesses development, as well as the most promising directions of start-ups operation in Albania in the agricultural sector.