The present paper deals with the founding era of Czech entrepreneurship between 1990-1997. It mainly accentuates renewal of the possibility of entrepreneurship.
This issue has been observed through the prism of small entrepreneurship. Due to the revolutionary exchange of regimes, a unique system of transformational capitalism was created.
This was fundamentally affected by the behavioral patterns rooted in post--socialist society. This required immediate constitution of formal and informal institutions, which greatly influenced the business environment during the nineties.