What should you know about the business name reservation in the commercial register?

  Business name (known as a firm) is the name under which the trader carries his occupation and shall be signed. It must correspond to the truth, not be misleading and does not undermine public order and morality. Every firm has content prescribed by the law which may include indication of the sphere of activity, the persons involved and freely chosen supplement. The trader is obliged to write firm’s name in Bulgarian, as he could additionally inscribe it in a foreign language.

  The trader has an exclusive right over the firm. It can only be used by the trader who has made the registration. It can’t be identical or similar to a trade mark or earlier registered company. The firm can be changed upon request of the trader who has made the registration. Continue reading “What should you know about the business name reservation in the commercial register?”

How to make your business successful?

10 GOLDEN RULES FOR SUCCESSFUL BUSINESS:

1. Purpose

Your business is not oriented to everything in order to be useful to all people. Decide on your niche – narrow your focus and choose your target group to which your activity is oriented.

2. Be different

If your competitors are pursuing the same approach, you do not do it. Set your business apart from the overcrowded market where so many of the advertised products look the same, as well as the ads. Be innovative, take risks and create something new and original which has not been done so far. Continue reading “How to make your business successful?”