The economic development comes into existence through intellectual process of mobilization, combination and allocation of productive resources and the same task is meaningfully carried out by entrepreneurship which is given life force by the entrepreneur. Entrepreneurship is a creative activity. It is the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale and an entrepreneur is a person who starts, organizes and manages any enterprise, especially a business, usually with considerable initiative and risk rather than working as an employee”. He is an innovator and generates new ideas and business processes. Management skill and strong team building abilities are often perceived as essential leadership attributes for successful entrepreneurs.