Final paper „The importance of the environment for entrepreneurial initiatives analyzes the environmental factors that have the most significant impact on the development of entrepreneurship and the SME sector in the world and the Republic of Croatia. This paper gives an overview of entrepreneurship as one of the key life competences. The concept of entrepreneurial ecosystems is defined, with special emphasis on investing in entrepreneurship education as the basis for the development of a quality business environment. Reference is made to the importance of the free market and the necessity of competition. Furthermore, through the four integrative tasks that were created as final works of the individual semesters during the two-year attendance of Postgraduate specialist study of entrepreneurship, through practical examples of the accepted knowledge is presented. The aim of the first integrative task was to evaluate to what extent globalization (including changes at the national, organizational and personal level) influences the life and work of the interviewed person through a semi-structured interview. Second integrative task was to create a business plan to start a business venture. The assignment was made as a team work. In third integrative task, it was necessary to analyze the case of the company and write recommendations to the owners within a limited time frame. The fourth integrative task is conceived as a consultancy report assessing whether a certain company has potential for growth by using A. Gibb’s growth model. The conceptual framework and the conclusion of these four papers in one whole, attempted to answer the question of the most important influences from the environment that affect the development of entrepreneurship and why entrepreneurship in Croatia has not reached a higher level of development until today.