Nowadays, the impossibility of finding employment, uncertain future and lack of professional experience that was not acquired during formal education represents problems that young people face with. Although the high rate of youth unemployment and their migration to the other countries are among biggest problems in the Republic of Croatia, there are different opportunities for youth to improve skills, expand network of contacts and get closer to the labour market even before their first employment. One of such opportunity is a student volunteerism which helps student engage in a broad spectrum of activities and develop so-called soft skills that employers highly appreciate. The main objective of this thesis is to explore the impact of volunteering on the development of entrepreneurial skills of young people. The first part of this paper will analyse the current situation of volunteering in the Republic of Croatia, as well as the importance and benefits of volunteering, for both the volunteers and the community in which the volunteers work. Empirical part of this paper will explore perception of students of Faculty of Economics in Osijek on volunteering, motivation for volunteering and opportunities for development of entrepreneurial skills through volunteering. The paper identifies entrepreneurial skills that students possess and that can be enhanced and developed through active volunteering activities.