CEFE (Competency-based Economy through Formation of Enterprise) is a method of long-term training and consultancy for start-up and existing SMEs. The main purpose of CEFE method is the development of small and medium entrepreneurship. As the title of the program (Competency Based Economies through Formation of Enterprises) shows, achievement of this goal is linked to promotion of entrepreneurs’ competency. During a 1-month training CEFE provides the entrepreneur with the basic knowledge required for business organization. But what is more essential here, the entrepreneurs develop their business thinking and characteristics. Another significant achievement of CEFE is that while participating in the program the businessmen develop a business plan for their concept, which is already manifestation of a competent approach to business. Through development of a business plan the entrepreneurs get a better understanding of the current situation on the market and foresee all the details and obstacles in implementing a business concept.