Entrepreneurship is the process of identifying an opportunity and turning it into a venture. An entrepreneur is a person who undertakes risk to start a business of his/her own. An entrepreneur is self-employed, willing to take a calculated risk, and brings in a new idea to start a business. It is important to understand that all self-employed persons are not entrepreneurs, for example, a shopkeeper cannot be called an entrepreneur unless he/she introduces a new method or idea in the business. Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. Entrepreneurship plays a crucial role in economic development, is characterized by dynamic economic activity and has its own rewards for the entrepreneur. Entrepreneurship development is the process of strengthening the skills and knowledge of budding and existing entrepreneurs by handholding them during their entrepreneurial journey. It involves enabling entrepreneurs through structured training and institution-building programs, which empowers them to run their business effectively and efficiently.