The paper is based on a current topic related to the business of small and medium companys and the importance of socially responsible business for successful entrepreneurship. The aim of this paper was to present and bring closer the importance of entrepreneurship and ways to encourage the initiation of small and young entrepreneurship and the importance of the state in starting entrepreneurship. . The biggest characteristic is socially responsible business, ie profit business as an important aspect of the entrepreneurial venture itself. The author independently, with the help of various researched sources of literature, both online and professional, compiled this paper and supported it with various real calculations. The result of this work was, in addition to the knowledge gained so far, to acquire some new information related to the importance of entrepreneurship itself and the importance of encouraging the development of entrepreneurship in Croatia itself. These facts can make certain people think about improving education and higher employment of young people so that they are as independent as possible and to one day increase the number of young entrepreneurs and create responsible business for both young people and all other companies. By writing this paper, I found that a small number of young people become entrepreneurs, which is very bad, and that by encouraging the development of entrepreneurs, the situation in the country itself would improve. By working together and working hard for all people, we can create better living conditions for all of us.