Sources of Finance for Entrepreneurship Development

• Main Authors: Balaban Mladenka, Župljanin Slobodan, Ivanović Periša
• Format: Article
• Language: English
• Published: Institute of Economic Sciences 2016-06-01
• Series: Economic Analysis
• Subjects: enterpreneurship; financial sector; credit; interest rate
• Online Access: http://www.library.ien.bg.ac.rs/index.php/ea/article/view/328/324

Entrepreneurship is one of the most important categories that are now associated with small and medium-sized enterprises, employment and the creation of new jobs and new business category. Entrepreneurial behavior in finance implies a readiness to take risk and a taste for independence and self-fulfillment. It can develop in any sector of the economy and in any type of business. Through entrepreneurship strengthen personal resources - not only the material but also the motives of self-realization, freedom, independence, challenge. Large number of small and medium enterprises provide a huge range of products, and the customers or service users increased choice and lower prices. Considering that entrepreneurship represents the futurethis work is aimed to highlight the role the financial sector plays in its development. The authors suggest that the financial sector has very important role for the development of entrepreneurship, pointing to the different possibilities of cheaper funding development of guidelines for small and medium enterprises, but in other hand in some cases financial sector has negativ impact for growing through expensive sources of financing of development.