| Summary: | The article is devoted to the problems and prospects of youth’ business development in the Republic of Sakha (Yakutia). The article describes the results of a sociological research. The course on an innovative development of economy, the social, economic and political situation of the Russian Federation and the Republic of Sakha (Yakutia) in the context of an economic crisis of the past few years, as well as a number of other factors increase need for formation of new generation of the businessmen – young, dynamic, modern people that are capable of playing an active role in business, economy and in development of a society. Young businesspersons are defined by high mobility, activity, ‘initiativeness’, high speed of adaptability and innovation. The key problems disturbing the formation of business processes among young businessmen of the Republic of Sakha (Yakutia) are defined in the course of research. The social portrait of the businessman is ‘drawn’, practical recommendations on support of youth business and main antecedents for entrepreneurship in the Republic of Sakha (Yakutia) are developed. DOI:10.5901/mjss.2015.v6n6s7p337
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