The mindset of young people who aspire to be entrepreneurs significantly impacts the economic development of any state or country. This study aims to objectively investigate the characteristics that influence young people in Tripura who are inclined to pursue entrepreneurship as a vocation. The present research imbibes data of 50 young small entrepreneurs involved in different kinds of entrepreneurship endeavors in Tripura.  Data analysis has been done using various statistical tools. According to the analysis's findings, personal factors, business opportunities, the need for achievement, and entrepreneurial compulsion generally influence an entrepreneur's decision to engage in entrepreneurial activities in Tripura.