The ability of young entrepreneurial people to create micro, small and medium-sized entrepreneurship in Poland, with particular emphasis on the impact of the economic environment and socio-economic phenomena

Abstract

This study deepens the understanding of the relationship between selected socio-economic factors and entrepreneurial intention by analyzing their impact on perceived risk and recognizing opportunities among different groups of respondents divided into individual age groups. The results of the ANOVA model applied to the sample of 128 respondents (people whose still unfulfilled entrepreneurial intention appeared in the last 5 years) showed that both the circumstances of the entrepreneurial intention and the fact of not implementing it are still statistically significantly different compared to other age groups identified in the study. The article broadens the current knowledge on how entrepreneurial intention is shaped and what impact the recent social and economic events have had on its implementation. The results suggest practical implications for shaping and implementing the emerging entrepreneurial intention in the youngest respondents participating in the study, i.e., up to 30 years of age. Specifically, these implications focus mainly on the development of mechanisms for securing the risk of a financial gap at the first stages of the development of one’s own business, which should help develop the perception among young entrepreneurial people that the creation of ventures is associated with low risk of failure and that the identified business opportunity should be realized for the benefit of the economy and society.