This paper examines the effect of Socio-cultural factors on entrepreneurial activities. The paper sets out to ascertain the influence of Education, Values and Family background on entrepreneurs. The study reviewed related literature and revealed that socio-cultural factors are very important factors in breeding new entrepreneurs, creating new businesses and thus, how societies and economies grow and prosper. Suggestions showed how great benefits accrue to policy makers and firms by explicitly describing how much Socio-cultural factors could be relied upon to help boost supply of entrepreneurs, which would in turn translate into reducing the level of unemployment and poverty in Nigeria.
Keywords: Education, Family background, Values, Entrepreneurial activities