The small scale sector is assuming greater importance every day. Hundredsof thousands of people start their own businesses at home every year, anduntold more dream about the possibility of becoming their own bosses. Startinga business at home is the best when you do not have enough funds. Whileentrepreneurship has its many potential rewards, it also carries uniquechallenges. Entrepreneurship is an act not a born tact, you need to understandthe environment to set up an enterprise of your own. Making a choice of theright project is a difficult decision for an entrepreneur and is an imperativedecision. In fact, before starting a business also one has to be thorough withthe requirements of current line of industry. Above all taking advantage ofvarious schemes provided by government and other financial institutions. Forthe reason that rest of the challenges for setting up, a business is based onthe type of the product and fund to invest. Entrepreneurship helps in thedevelopment of nation. A successful entrepreneur not only creates employmentfor himself but for hundreds. Deciding on a right project can lead you to theroad to success.