We explore four stages about entrepreneurs' morality developing, which are moral anomie stage, moral obedient stage, moral capital stage and moral converting stage based on the theoretical and case study. And we construct the model of entrepreneurs' morality developing stages too. At the same time, we discuss the methods about how to promote the entrepreneurs' morality developing level. This study is better for us to surpass the limit of looking at the entrepreneurs' morality statically. If we can look at the entrepreneurs' morality from the dynamic and developing view, which can help entrepreneurs judge whether their moral object are right or not, it can give a clear moral developing direction to the entrepreneurs.