A biographical and psychological survey of Nepali entrepreneurs was carried out with five objectives: develop a Biographical Information Bank, develop organizational profiles, determine the locus of control, determine whether entrepreneurs are individualistic or collective, and determine the entrepreneurs' profile along the 13 entrepreneurship competencies (initiative, sees and acts on opportunity, persistence, information seeking, concern for high quality of work, commitment to work contract, efficiency orientation, systematic planning, problem solving, self-confidence, assertiveness, persuasion, and use of influence strategies). Nepali entrepreneurs trained by the Small Business Promotion Project were called the New Business Creation (NBC) group. The NBC group (N=151) was compared to a control group (N=88). The instrument, in Nepali, consisted of two parts: (1) demographic variables, family variables, and business profile; and (2) three psychological instruments--Rotter's Locus of Control Scale, INDCOL scale, and Personal Entrepreneurship Characteristics scale. The following are among the findings: (1) typical Nepali entrepreneurs are male, poor or lower middle class, and well educated; (2) their major problems are related to finances and government regulations; and (3) they have internal locus of control and believe in hard work rather than fate or luck. (Biographical, business, and psychological profiles are provided. The document includes 88 references, 20 tables, the study instrument in Nepali and English, and a list of 9 problems faced by entrepreneurs.) (NLA)