The importance of business environment in the development of entrepreneurship

Abstract

Entrepreneurship is important in the mobilization of capital, adding value to natural resources, producing goods 
and services necessary, creating new jobs and bringing healthy competition. Development of entrepreneurship is 
a very important factor for economic development of the country and promoting entrepreneurship in economy is 
believed to be a prerequisite for development. There is a strong link between entrepreneurship development and 
quality of legal and regulatory environment, ease access to finance, and bringing of healthy competition. 
Policymakers can encourage entrepreneurship development by creating a favorable environment. Failure of 
many new businesses in Kosovo is attributed to adverse environmental factors. This paper will focus on the 
preferential policies that policymakers can take to build an environment that offers opportunities for a greater 
incentive to entrepreneurship and Removal of support measures that will enable faster development of this 
process. Improving the business environment in Kosovo will encourage the creation of new enterprises by young, 
creative people, as growth of existing businesses. Only innovation growth and strengthening competitiveness 
and progress may improve the supply quality products and local services, so as to create new jobs, increase 
exports and to advance the position of Kosovo's economy in local and global market. They are fundamental for 
development and future prosperity. Only the knowledge-based economy leads towards growth and prosperity in 
the modern world, while the wise and capable people  transform knowledge into creative ideas , these ideas will 
prosper and will soon open new working places.