This study examines the mediating role of Country Context in the relationship between Entrepreneurial Traits and Early-Stage Venture Creation, aiming to determine whether external business environments significantly influence entrepreneurial success or if individual characteristics remain the primary driver of new venture formation. A mediation analysis used survey data to assess entrepreneurial traits’ direct and indirect effects on Early-Stage Venture Creation, with Country Context as a mediator. The results indicate that Entrepreneurial Traits substantially and directly affect venture creation. At the same time, Country Context partially mediates, suggesting that although a supportive business environment can facilitate venture creation, individual entrepreneurial attributes remain dominant. These findings emphasize the need for entrepreneurship education and skill development programs to enhance individual entrepreneurial capabilities. At the same time, policymakers should focus on improving the business environment and fostering an entrepreneurial mindset through training, mentorship, and resource access. This research contributes to the entrepreneurship literature by clarifying the relative importance of personal and contextual factors in venture creation, highlighting the need for a balanced approach that integrates entrepreneurial skill development and business environment improvements to foster sustainable entrepreneurship.