Abstract- Over the years it has been debated that are Entrepreneurs are BORN or MADE so it is important to identify and study the various factors that encourage students, especially management students to start their own business. It is essentially a journey which creates a character of an individual, as someone supporting self and society at large. Hence, it is worth understanding those reasons/factors that make someone different from others and have such intention to get into entrepreneurship while others are not motivated to plunge into it. This literature review would be to understand the researches done in understanding the motivating factors to become an entrepreneur, especially among management students, as they are the best fit to become start a business or take their existing family business ahead.