This study is designed to examine the effect of the three motivational factors/the intention antecedents proposed in the theory of planed behavior (abbreviated TPB): personal attitude, subjective norm and perceived behavioral control, including a control group of variables on the entrepreneurial intention in the specific economic and cultural settings, in our case in the Republic of Macedonia. The research includes 440 respondents. In order to test the hypotheses the data was examined using hierarchical regression. The applicability of the TPB in the context of entrepreneurship has received empirical support in this study, as well. The three independent variables: personal attitude, subjective norm and perceived behavioral control have a positive impact on entrepreneurial intention. On the other hand, results only partially support the influence of the control group of variables.