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tanford University of United State. They build or create Yahoo from their hobby of responding to the persistent challenge to breakthrough in simplifying the use of internet. Yahoo began as a student hobby and evolved into a global brand that has changed the way people communicate with each other, find and access information and purchase things. Today the Yahoo! Inc. is a leading global internet communication, commerce and Media Company, which also provides online business and enterprise services to the users (Yahoo, 2009).

Besides education is related to the intention to involve in entrepreneurship and E-entrepreneurship, the knowledge is also playing an important role in cultivating the Entrepreneurship and E-entrepreneurship. Braunerhjelm & Lundblad (2007) pointed that knowledge is an externally factors for entrepreneurship. In the past times, the economic variables of knowledge, entrepreneurship, and economic development had treated as different and separated entities. Until the recent 10 years that literature had come into view that the economic concepts of knowledge, entrepreneurship and economic development were integrated into a coherent framework.

In a 1998 article, Malone and Laubacher pointed out that knowledge is the most important strategic resources in a new economy. Knowledge in e-entrepreneurship is increasing the number of firms to review their traditional practices and the powerful information tools can make the firms to handle commercial transaction on a much broader scale, deal with new customers and suppliers through network and help to discover for new business opportunities and innovations.

According to Shane (2003) findings, the article said there are many evidence showing on the effects of various life experience on the decision to develop entrepreneurial opportunity. She finds that there are positive links between unemployment, marital status, education, income, social networks, and career experience. So she comes out a conclusion by showing the evidence of a positive relationship between prior experiences (especially in career experience and education) and venture success (growth, profitability and survival).

By viewing the journals of Cheng, Chan & Amir (2009), they pointed out that learning is needed in entrepreneurship. The learning includes integration of experience, skills and knowledge to be prepared for new venture. They emphasize skills and knowledge is needed by students to recognised business opportunities and understands the needs of the market. Other than that, students with skills and knowledge can easily to create ideas, develop a business plan, evaluate the environment and run a business.

Government Regulations and Incentives

Entrepreneurs are concerned about the government regulations and incentives toward the Entrepreneurship and e-Entrepreneurship sector. They will look into the regulations and the incentives before they choose to start up the business. Most governments encourage the growth in creating own business or local Small Medium Enterprise (SME) because it can help to create more jobs in the sector and also the growth in the economic (UNDP e-note 4, 2005)

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