In a developing economy, industry plays an immense role, whose most important aspect is innovation. Through innovation there has been a continuous growth in the sophistication of entrepreneurship, from ancient times till the present day world. It is the process of translating an idea into products or services. It is about defining and setting goals and putting in efforts for entrepreneurial success. It is the dynamism of converting an opportunity into a business and an application of better solutions that meet the demand requirements. Therefore, a conceptual relationship has been portrayed in this book between innovation and entrepreneurship. This book covers the concept of entrepreneurship and the challenges, rewards and issues faced by the entrepreneurs at the initial stage of any enterprise—giving the tangible strategies for business owners to build wealth and financial freedom. It inspires those who think that they do not have the potential to get out and put plans into action.