The global conditions implicate a different way of conducting businesses. The modern entrepreneur must understand the basics of international entrepreneurship in order to be successful in his/her transnational organization/business entity. Although this type of entrepreneurship is similar in some ways to the national entrepreneurship, it is a more difficult process. The number of implications that influence or may arise from the transnational entrepreneurship is much higher. This means that the modern entrepreneur must be well educated and trained in order to operate in an international manner.