Dafinka with a burger and pizza kiosk
Dear friends and supporters,
I hope you have enjoyed a relaxing and cool summer with plenty of time for the family and loved ones.
The high summer temperatures in Bulgaria were not really motivating for the businesses but what a dramatic change happened on September 1st! The towns were suddenly transformed - traffic multiplied, new deals, increased sales and busy environment… And so it happened with our entrepreneurs. We had quite a busy month of November with a number of individual consultations. Our Bulgarian consultants did a wonderful job in identifying the real problems, the areas where the entrepreneurs needed encouragement and the specific actions that need to be taken from now on with each of them. The consultants provided extremely valuable input to each beneficiary and the comments that we heard were all very positive: "I have never heard that before!", "It was so motivating to hear this confirmation!", etc. etc. Almost all entrepreneurs were taking notes while they were consulted and in some occasions they even asked the consultants to pause and repeat so they can take notes.
Some of the most encouraging business situations are with:
Silvya with the healthy snacks kiosk re-opened on September 1st and is not making a profit that allows her to hire a person for 2 hours/day.
Vasil - car detailing workshop. His business now turned 3 years and is still going. He is able to provide for his family and they can pay all their bills. They admitted that when they started they had no idea how to run this business and it was due to our help and counseling that they made it so far.
Lilia, the hairdresser, was ready to launch her business, but she was surprised by the changes in prices – it turned out she needs almost a double start-up amount than what had planned in the beginning. She was not discouraged though and now we are launching her business in stages.
Daniel - biowaste business. Less than two years after opening his business Daniel now has 200 customers. He is working hard, approx. 10 hours/day, the business is now able to break even. He is still not making much profit, but he has a good network of customers that trust him.
I would also like to mention that ALL entrepreneurs confirmed that they do not have anybody else to consult with individually, neither on a business, nor on a personal development level. Individual mentorship and guidance is not popular in Bulgaria. If it does exist, it is quite expensive and provided by not trustworthy coaches. So for these young entrepreneurs, having someone speaking in their lives personally, was more than anyone has ever done for them.
Thank you very much for your support and prayers!
Yes, a reminder: The 2016 #Giving campaign will begin November 29th, 2016, at 00:00:01 EST and end at 23:59:59 EST on November 29th, 2016.Your donations will be matched at 50%.
Lilia will be doing the best hair style in town
The brave women with Daycare center, one is widow
Vasil with the car detailing workshop