This report provides a comprehensive overview of entrepreneurship, focusing on the characteristics, traits, and skills that define successful entrepreneurs. It examines the importance of innovative thinking, leadership, and risk-taking, using examples like Elizabeth Gooch and Tom Mercer to illustrate these concepts. The report delves into the aspects of entrepreneurial personality, including the OCEAN model, and how these traits reflect motivation and impact decision-making. Furthermore, it explores how background and experience can either hinder or foster entrepreneurial ventures, analyzing the positive and negative factors that influence entrepreneurs. The conclusion summarizes the key findings, emphasizing the significance of these traits in achieving entrepreneurial goals. References to relevant academic literature are also included.