The Factors That Influence an Entrepreneur's Decision to Seek Formal Education

The purpose of this study was to understand the factors that lead entrepreneurs to seek formal education. The evidence shows that entrepreneurs are playing an increasingly important role in producing economic growth in the United States. This researcher examined the theoretical foundations of entrepreneurship based on economic, psychological, and sociological research. With the use of a phenomenological research design, data were collected from entrepreneurs through in-depth interviews. The research questions focused on the factors that lead entrepreneurs to seek formal education, the value entrepreneurs see in formal education, and the barriers preventing entrepreneurs from enrolling in formal education. The participants were selected using purposive sampling and were individually interviewed. The participants were current entrepreneurs enrolled at Delta College, which serves students from three Michigan counties (Bay, Midland, and Saginaw). Data analysis involved identifying common themes from the interviews, and drawing parallels between the research findings, and the literature. The results of the study can help institutions of higher education, researchers, and prospective entrepreneurs improve the educational process. Those who seek to understand and benefit from the phenomenon of successful entrepreneurship through education and mentorship may be best suited to learn from this research. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]