Studies on entrepreneurial development have been focused in singular dimensions, such as personality characteristics, entrepreneurial environment etc., but entrepreneurial development is a complicated process influenced by various factors. By exploratory analysis, we investigate elements in the develop process of local entrepreneurs, sort elements of various dimensions into an analytical framework, and exploit the structure of them. We conducted a threestage survey of individual entrepreneurs for 2 years, and the following conclusions were drawn: the elements in entrepreneurial development can be classified to 7 types and integrated into an analytical framework; the new venture initiations of most entrepreneurs are influenced by 2 to 6 factors; personality characteristics is the most significant among all the elements.