The purpose of this paper is to create a conceptual framework for comprehending the crucial component of the entrepreneurial orientation among Omani University students. A conceptual model is presented based on an analysis of 150 questionnaires and reviews of the literature on entrepreneurial orientation. Analyzing PLS-SEM is used to test it. The findings imply that students place a high value on starting their own businesses. Additionally, several factors—such as entrepreneurialism, environmental protection, and family support—encourage students to start their own businesses. Although there has been a lot written about the significance of entrepreneurial orientation in Oman, this work serves as a starting point for identifying the environments in which achieving this is more challenging than others. The findings make it possible to identify a number of crucial components needed to comprehend and enhance university students’ entrepreneurial orientation. As previous research has mostly concentrated on the development of entrepreneurial orientation and presented global insights about the elements that improve entrepreneurship in Oman, this paper adds to the body of knowledge on entrepreneurial orientation.