The paper presents a 5-step behaviouristic model for the development of entrepreneurs. The stages are (1) entrepreneurial dispositions, (2) decisions to be an entrepreneur; (3) professional socialization; (4) environmental explorations; and (5) organizational socialization. Several factors characterizing each stage are discussed. The model is a sequential decision process model. Research studies conducted in India have been quoted to support the different factors contributing to each stage and the process of the development of entrepreneurship. Implications of the model for future researches, selection and training of entrepreneurs have been discussed.