In this paper, I tried to respond in more detail on the subject of connection and influence of modern technology on business development. Entrepreneurship and innovation is now world wide in the center of interest because the further economic growth and reduce unemployment may be based only on the entrepreneurial society. Capitalist society is characterized by entrepreneurial economy with entrepreneurs in whom there are a number of new businesses. The entrepreneur is a person who is willing to take the risk of starting business ventures and the establishment of new businesses. The main characteristics of entrepreneurial companies are constantly establishing various small enterprising-companies/trades who have employed any workers to entrepreneurship employing up to hundreds of employees. Private entrepreneurship based on experiences undeveloped countries is the most efficient economic operations. The success of entrepreneurship is based on the constant changes and responds to changes. Basically all the changes lies the innovation of products and services and high quality new products that may only be confirmed by the market. Keywords: entrepreneurship, innovation, economic growth, technology, business.

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