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of the entrepreneur is taken into account – as a carrier of entrepreneurial idea and source of entrepreneurship development, entrepreneurial activity – as a purposeful activity of the entrepreneur, entrepreneurship – as a result of their integration. The term «entrepreneurship development” has been updated, which covers qualitative changes in entrepreneurship as a process that has different levels, importance, impact and direction of consequences, which in some way cover innovation, social, economic, technological, scientific and environmental spheres, as well as phenomena, which has key components (components, forms and types, infrastructure support). Abstract Changing the functionality of entrepreneurship due to many external and internal factors, as well as the vector of its development to achieve the goals of sustainable development requires the development of new modern methodological approaches, models, mechanisms and tools for managing business development. This requires understanding the relationships of concepts and categories applicable to describe these methodological approaches, models, mechanisms and tools. This can be achieved by building a detailed semantic circle that combines the basic concepts of entrepreneurship. That is why the purpose of the article is to build and substantiate a detailed semantic range of prototypes (concepts), namely: entrepreneurship, entrepreneurship, entrepreneurship, business development.