Theonly way to determine if your ideas can potentially be profitable as a businessand is worth pursuing further is to conduct feasibility studies. The purposeeach entrepreneur should conduct a detailed feasibility assessment or study isto test if that business idea makes: Personal Sense, Business Sense, MarketSense, and Financial Sense. Withoutlooking at the personal aspect, business concept, the market, and thefinancials, as well as analyzing the data and information, an entrepreneur islikely not to be successful or not as successful as s/he would like to be. Abusiness plan is an essential roadmap for business success. A business planprovides direction, keeps you on track and is usually a requirement when youseek finance. A business plan is a formal grid map of all of your businessgoals, and plans on how to achieve them. Entrepreneurial skills assist Smallscale industries generate growth and development of new ventures in developingeconomies. At the entrepreneurship development level, a key role of theprogramme is to develop tools and programmes that deal with the long termeffects of entrepreneurial culture.