<p>Almost everyday we can read about or listen to the radio the creation of a new company, which is of course successfull and just started several months ago. One succeed but for how many other failures. In our everyday life we only know the companies which exist. We never consider all the high number of companies that have failed. In addition to that, by analyzing some cases, we can notice that some"good"companies, with good team, good concept can failed too. In order to understand the views that exist, one needs to elucidate this problem. The early stage of a new-created company is the most important phase of the firm´s life, according to the fact that it will determine the evolution of its whole structure, and therefore will deeply affect its future. All the more so a firm in order to be successful must be able to growth in the long run. With this thesis, we hope to contribute to a better understanding of the key- success factors ofyoung companies. Therefore we will try to clarify issues concerning this early stage. In particular we will highlight and describe that the early development in a firm is a very important phase in its life. And to determine which factors must be take in consideration in order to avoid future difficulties.</p>

Almost everyday we can read about or listen to the radio the creation of a new company, which is of course successfull and just started several months ago. One succeed but for how many other failures. In our everyday life we only know the companies which exist. We never consider all the high number of companies that have failed. In addition to that, by analyzing some cases, we can notice that some"good"companies, with good team, good concept can failed too. In order to understand the views that exist, one needs to elucidate this problem. The early stage of a new-created company is the most important phase of the firm´s life, according to the fact that it will determine the evolution of its whole structure, and therefore will deeply affect its future. All the more so a firm in order to be successful must be able to growth in the long run. With this thesis, we hope to contribute to a better understanding of the key- success factors ofyoung companies. Therefore we will try to clarify issues concerning this early stage. In particular we will highlight and describe that the early development in a firm is a very important phase in its life. And to determine which factors must be take in consideration in order to avoid future difficulties.