Development of Small Entrepreneurship in the Republic of Croatia

Entrepreneurship is a driving force of any economy and as such, the foundation of a country’s success. Whether we speak of small, medium or large enterprises, each of them has responsibility assumed by taking on a risk of starting a new business, because every new idea to be realized reveals a true entrepreneur. A small initial idea can become a big business in the course of its implementation, thereby ensuring further development of entrepreneurs, but also contributing to the growth of the entire economy. New “entrepreneurs” are emerging on a daily basis, funding their start-ups with their own or borrowed means. A true entrepreneur is the one who manages to realize his or her idea. Small entrepreneurs account for the largest proportion of new businesses. They have to deal with conditions of ruthless competition characterized by a large number of bankruptcies and financial problems. In this paper we address the situation of small business n the Republic of Croatia and the problems faced by entrepreneurs in conducting their business