The concept of entrepreneurship exists since the 11th century and can be defined as the realization of innovative ideas and the creation of new value on the market, as well as the control and allocation of resources for the purpose of generating profit. The focus of this paper is on the entrepreneurship of young people, their characteristics and willingness to take risk of investing in a business with an unknown outcome, as well as researching the advantages and disadvantages of young people in entrepreneurship, opportunities for development and limitations, the amount of unemployed and self-employed young people in the European Union and the ways in which the European Union and the Republic of Croatia encourage young people to find employment and develop an entrepreneurial spirit. Empirical research was conducted on students of all universities in Split and the goal was to collect opinions about employment in state institutions, large and small state-owned or private companies, family businesses or founding one's own company. Respondents stated the reasons why they prefer employment, such as a sense of security and stability and the reasons why they prefer starting a company, such as more control over their own life and work. They also stated which factors have the most negative impact on young entrepreneurs, in which branches of industry they see the biggest potential and whether Republic of Croatia provides enough incentives for young people to start a company.