This report delves into the core characteristics, skills, and traits of successful entrepreneurs, differentiating them from traditional business administrators. It highlights the importance of passion, innovative thinking, and leadership through case studies of Elizabeth Gooch and Tom Mercer. The report further examines how entrepreneurial personality aspects, such as openness, conscientiousness, and extroversion, reflect entrepreneurial motivation using the 'Sea model'. It also explores how an individual's background and experience can either facilitate or impede their entrepreneurial journey, providing relevant examples to illustrate these points. The conclusion summarizes the key findings, emphasizing the role of entrepreneurs in converting ideas into practical ventures and contributing to economic growth.