The current studies of entrepreneurial learning mainly focus on entrepreneur learning, and most of these studies are qualitative. There are few studies that pay attention to the entrepreneurial learning mechanism of other learning subjects such as employees, groups and organizations, and the learning transfer between different subjects. In order to fill this research gap, this paper enriches the entrepreneurial learning theory from a wholly new and unique view of entrepreneurial learning transfer. It establishes 5W1H theory model to define entrepreneurial learning systematically, and perfect the model in the aspects of when, why, who, where, what and how; then it establishes a theory model of entrepreneurial learning transfer, analyzes entrepreneurial learning mechanism of learning subjects at levels of entrepreneur, employee, group and organization, establishes the theory model of entrepreneurial learning transfer from entrepreneur to employee, from employee to group, & from group to organization, and reveals their transfer path and mechanism of entrepreneurial learning subjects at different levels.