This paper focuses on youth’s decision process to become innovation entrepreneurs. The first part of the paper delivers the problem statement and a literature review of latest (empirical) contributions in the field of entrepreneurship. The present survey indicated the view of the potential entrepreneurs as well as already successful youth’s entrepreneurs – indicating suitable attempts for possibilities of improvement. In addition, it was useful to track youth’s entrepreneurship along the enterprise life-cycle to reveal specific strengths and weaknesses in specific phases of enterprise development