Abstract: A new venture success prediction model is proposed based on an overview and analysis of success prediction models, analysis of the venture creation process, and a qualitative research – interviews with company owners. The success prediction model is extended with measurable variables. A survey to statistically validate the success prediction model is currently in progress with 68 responses by owners and managers of Bulgarian companies. A brief profile of the enterprises and their owners are presented. The available data is analyzed with IBM SPSS Statistics and shows a correlation of the company success and the success prediction model variables.
Authors: Yankov, B.