OPPORTUNITIES AND CHALLENGES IN PROMOTING YOUTH ENTREPRENEURSHIP IN MONTENEGRO

Sa？etak The support for youth entrepreneurship in Montenegro is strong. The focus of the entrepreneurship programme at the faculty of economics at University of Montenegro is mostly on youth. There are several other organisations such as The Montenegrin American Youth Alumni Association (MAYAA), and The United Nations Development Programme (UNDP), which also organize a variety of presentations and workshops for students to pursue entrepreneurship. Recently one Montenegrin student’s business plan, a proposal for the establishment of the Centre for Professional Rehabilitation and Employment of Persons with Disabilities, won the national competition in Montenegro, and was ultimately named the winner of the overall Europe-wide competition. However, the analysis shows that although in the areas of youth participation, significant progress has been made in the last several years, youth entrepreneurship programme in Montenegro is still in its early phase of development and needs strong sustainable commitment, assuring the development and efficient functioning of various youth participation mechanisms at the local, regional and national level. It is also essential to continue to standardize and support youth work, youth information and non-formal business education of young people. Surveys show that young people in Montenegro believe they have much to offer and can significantly contribute to all areas of the society’s development. However, their potential remains greatly unused due to the certain obstacles that they face. There are needs for encouragement of the youth informing them about how to participate in all aspects of society. This study is focused on investigation of the analysis of the opportunities and challenges that youth entrepreneurs face in contributing to all areas of the development in Montenegro. A quality research of several successful young entrepreneurs will be presented