This study investigated research, teaching and learning of entrepreneurship of business school graduates in Khyber Pakhtunkhwa. Further, the study intended to investigate the entrepreneurial skills of business school graduates and inherited entrepreneurs. The targets of this study were; to investigate the role of research practices, faculty satisfaction from business schools’ curriculum and instructional practices in business education; to find out the entrepreneurial skills of business schools’ graduates and inherited entrepreneurs and to measure the relationship of research practices, instructional approaches and entrepreneurial skills of business education. Teaching faculty, business school graduates and inherited entrepreneurs of Khyber Pakhtunkhwa constituted the population of the study. A total 117 faculty members, nine business schools graduates and eight inherited entrepreneurs were included in the sample group. Data were collected from the sample group through three research instruments (questionnaire and two interview protocols). Based on the collected data the major finding of the study were that the respondents were agreed that research practices enhance the entrepreneurial skills of business school students, the faculty members were not satisfied from business schools’ curriculum, the faculty of business education mostly follow traditional instructional approaches, a significant relationship of business schools’ education was found with research practices and with entrepreneurial skills. Similarly, the skills of entrepreneurs who inherited entrepreneurship from their family are networking in market, opportunities identification and resilience which they learned from their successors. Based on the findings of the study recommendations were made for all the stakeholders.