Young entrepreneurship refers to businesspeople between the ages of 18 and 35. The key to success when it comes to young people lies in taking initiative, perseverance, and the readiness to take risks. The goal of this paper is to show the opportunities and challenges young entrepreneurs face in their business activities. The paper also describes the role of the government in subsidising entrepreneurship. In order to hasten and facilitate the growth of business, multiple supporting institutions have been established: the Ministry of Economy, Entrepreneurship, and Crafts, the Croatian Agency for Small Business, the Croatian Chamber of Economy, the Croatian Chamber of Trades and Crafts, the Croatian Association of Cooperatives, and the Croatian Employers’ Association. Young entrepreneurs can find additional support through entrepreneurial infrastructure programs such as business incubators, entrepreneurial zones and centres, all of which help by influencing legislation, allocating funds, and establishing institutions. A portion of the questioned entrepreneurs emphasised high taxes on wages for the highest-ranking employees and possible financial losses that can create problems for businesses as the greatest challenges, while others highlighted bureaucracy as the greatest issue. The underlying opportunity recognised by all questioned entrepreneurs is access to new markets where businesses can promote their services and the quality of their products. Entrepreneurs have to constantly study and monitor their business surroundings so they can promptly react to changes, implement measures against outside threats, and seize all the opportunities that are offered. The situation in Croatia is not bad, but it depends greatly on the entrepreneurial and economic climate that will predominate in the country, as well as on young entrepreneurs who could drive further development.