“…In pursuit of exploring the various reasons for a person's choice of entrepreneurship, the important model/theories constructing the ideology are-the 'Entrepreneurial Intentions Model' (EIM) has been instrumental in divulging the key role played by behavioural and psychological construct in explaining the entrepreneurial intention (Krueger, 1993;Krueger and Brazeal, 1994;Krueger et al, 2000;Elfving et al, 2009, Ferreira et al, 2012; the 'Theory of Planned Behavior' (TPB) expounds the intention to be driven by perceptions of self, regarding personal and social desirability of behaviour and an underlying acuity of whether they can effectively perform such actions (Ajzen, 1988;1991;Karimi et al, 2013) and Shapero's 'Theory of the Entrepreneurial Event' (Shapero, 1975;Shapero and Sokol, 1982;Elfving et al, 2009) unearthed that each entrepreneurial event is a result of dynamic process, which provides a situational momentum impacting the perception of those whose values are socially and culturally driven (Thurik and Dejardin, 2012) and a result of previous experience. When younger generations are desirous of venturing out into their own business, family firms become the stepping stone for access to existing resources and honing their skills by expertise gained from family firm practices over many years' (Moores and Barrett, 2002;Barrett and Moores, 2010), hence creating in them the desirability to become a business owner in future course of action.…”