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Essay from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1.0 - English standard. 77%, University of Leeds, course: BSc Accounting and Finance, language: English, abstract: Entrepreneurship as a fact has always been an integral part of the human society. It has become an engine of progress which led mankind from dark ages into the modern era. However, it was only first mentioned in the works of Adam Smith in the late 17th century. Moreover, the term “entrepreneurship” was largely avoided until the last 40 years (Schumpeter 2012). Nowadays, entrepreneurs have become iconic images of success, power and material stability. As a result, our society adopted this view and practically everyone tries to make their own entrepreneurial path in this world of ideas. Nonetheless, most of us encounter numerous obstacles on our paths which sometimes turn out to be complete disasters. This resulted in gradual research of various factors which help people deal with entrepreneurial issues. After intense research I have deduced four essential groups which make the most impact on the entrepreneurial personality. To my mind, these are interpersonal skills, organisation and leadership, innovation and creativity, and ability to take and deal with risk. I will support my arguments with relevant facts from peer reviewed literature and demonstrate how these skills influenced successful entrepreneurs in their own careers.