INTRODUCTION: In the previous unit, you studied about the motorcycle and its various parts and systems. In this unit, we shall learn the various aspects of Entrepreneurship Development in auto industry.

Small enterprises play an important role in Indian economy. There is a rapid growth in the services sector economy due to development of small enterprises, particularly in the areas of trade, transport, construction and their ancillary services. One of the main reasons for their rapid growth is that they have been left entirely to the private entrepreneurs, which are comparatively free from the government interference. The reasons behind the success of small enterprises are many. The interest, self-control, self-confidence, sense of urgency and motivation of the entrepreneurs are the key to make a successful enterprise.

Entrepreneurship is a profession in which entrepreneurs create and grow enterprises by their own ideas, resources, knowledge, skills and experience and Entrepreneurs are the peoples who create, enlarge, and manage a business undertaking, assuming the risk for the sake of ultimate profit. Finally, entrepreneurship development is the aggregation of guidelines and facilities to entrepreneur that foster and support the entrepreneurship.

There will be some pros and cons of owning a business as a small business owner. Entrepreneurs are going to have less time for their personal life and probably be using much of what they own as collateral to raise money for the business. Some of the pros and cons of becoming an entrepreneur are discussed in this unit.