Analysis of possibilities for improving entrepreneurial behaviour of young people: Research results in Central Banat district

Abstract

Unemployment, especially among young population, represents one of key economic problems. All important institutions have to be included in overcoming these problems, with the aim of stimulating young people to be involved in entrepreneurial processes. In this paper, global and European trends and trends in the Western Balkans are shown, related to unemployment of young population (aged 15-24). The central part is dedicated to the analysis of possibilities for improving entrepreneurial behaviour of young people in the Central Banat District, on the basis of trends, statistical indicators and the results of conducted research on attitudes of young people towards entrepreneurship and starting their own business. The research sample conducted in 2016 consisted of 350 respondents. The young are often unmotivated to get involved in entrepreneurial processesthey wish to start their own business, but most frequently claim to be distracted by: lack of funds, lack of experience in running a company, lack of knowledge, as well as lack of the right idea. Factors, which distract respondents from starting their own business, represent the result of nonexisting adequate environment for supporting young entrepreneurship.

Lean startups with industry 4.0 technologies: Overcoming the challenges of youth entrepreneurship in Serbia

“…Serbia faces a large set of regulatory and taxation problems, as these create a strong repulsion of the young for any entrepreneurial activity. The lack of motivation among the young in Serbia is due to the lack of starting capital, lack of necessary knowledge, and lack of innovative ideas (Ćoćkalo, Đorđević, Nikolić, Stanisavljev, & Terek, 2017a;Ćoćkalo, Đorđević, Nikolić, Stanisavljev, & Terek, 2017b). These issues should be addressed with introducing financial support and taxation regulations as mentioned before.…”

Business Recovery and Institutional Constraints: Evidence From Visegrad Countries and Serbia

“…Furthermore, it has been found in a recent study that opportunity-motivated, or pull, entrepreneurship might have become further positive after lockdown restrictions and other measures are relieved (Seah, 2021). It also found that the personal factors of entrepreneurs also significantly affect firms' success (Soomro et al, 2019) various entrepreneurial hurdles need to be reduced (Cockalo et al, 2017;Ćoćkalo et al, 2020). Academicians should create and carry out thorough investigations into the causes and impacts of entrepreneurial motivation (Murnieks et al, 2020).…”

Evaluation of Support Program for Young Entrepreneurs: Evidence from Georgia

“…Many authors (Holienka et al, 2016;Green, 2013;Ćoćkalo et al, 2017) have tried to find out what the major incentives are behind the youth entrepreneurial activities. Most of them agree that getting youth population involved in entrepreneurship will create huge value added to the country's economy.…”

“…The study provided by the European parliament (2015) finds that the programs initiated by the state that combines business incubation services and necessary finances trigger young people towards entrepreneurship (Study for the EMPL Committee, 2015). Ćoćkalo, Đorđević, Nikolić, Stanisavljev and Terek (2017) found that as youth unemployment represents one of key economic problems government institutions must take steps to overcome it. Main aim here as authors conclude is to provide stimuli for young people to be involved in entrepreneurial process.…”

“…Main aim here as authors conclude is to provide stimuli for young people to be involved in entrepreneurial process. Au-thors found insufficient financial resources as a main factor behind youth being reluctant to start their own business (Ćoćkalo, Đorđević, Nikolić, Stanisavljev, & Terek, 2017). Providing necessary environment for young people to find impetus for entrepreneurship should be one of the main priorities according to the authors.…”