Abstract: This article examines the factors influencing the socioeconomic development of Russia. The systemic development of entrepreneurship is one of the key factors of stabilization, revitalization and gradual ramp-up of the Russian economy. The current conditions for the development of Russian entrepreneurship are characterizes by the absence of clear and targeted organizational-economic policy. The questions regarding the development of entrepreneurship in Russia remain relevant, as their pendency negates the effectiveness of the separate business structures, as well as the business community overall. The author underlines that the achievement of economic growth requires a set of qualitative, productive measures, including the expansion of structural reforms in the economy, improvement of the investment and entrepreneurial climate, increase of opportunities for small and medium businesses, implementation of innovations, and improvement of legislation. The formulation of measures aimed at reducing the various types of business risks is a paramount component within the mechanism of the development of entrepreneurship.