The real entrepreneurs are passionate, driven, and resourceful to get success and improve in global era. They are comfortable and pioneers fitting on the frontline. The effective ones are ready to be laughed at and criticized in the beginning because they can found their way ahead and are too busy working towards their achievement. An entrepreneur is a business person who not only conceives and organizes ventures but also frequently takes risks in doing so. All independent business people will not be true entrepreneurs, and not all entrepreneurs are created equal. Different degrees or levels of entrepreneurial intensity and drive depend upon how much independence one exhibits, the level of leadership and innovation they demonstrate, how much responsibility they shoulder, and how creative they become in envisioning and executing their business plans. This paper focuses and provides an insight into the meaning, qualities required for an entrepreneur, opportunities and challenges faced by them and at least with a small discussion on entrepreneurship as a career.

KEY WORDS: Challenges, Opportunities, Entrepreneurship, Economic Development