Entrepreneurship has a significant role to play in ensuring sustainable economic growth. However, it can only flourish in an environment conducive to entrepreneurial development and initiatives. Properly nurtured, entrepreneurship can prove to be the key to solving problems like poverty, illiteracy and unemployment, and it has the potential to spur a nation on along the path of development and prosperity. While some are born entrepreneurs, evidence suggests that entrepreneurial characteristics can be inculcated in anyone. But this is dependent on the cumulative impact of a variety of factors i.