Now a day, freedom loving brave, enthusiastic and creative young peoples of our country prefer to do something by his own way rather than serving in the job. In other words, they wish to establish industrial projects through entrepreneurship. It is known to us that the first industrial revolution was held with the invention of steam engine, second one contributed by electricity and third industrial revolution was completed by the advancement of computer-internet based information technology. But in this century, an admixture of artificial intelligence, robotics, learning machine, internet of things and biotechnology has given the birth of fourth industrial revolution.
At the outset of this fourth revolution, enter into the business with the attitude to ‘catch and slaughter the chicken’ will lead to the ample possibility of not being successful but to turn into vain. In this age of globalization and advancement of information technology, the nature and scope of business concern has been changed to a lot. Therefore, taking a new business initiative requires to fulfill the know-how clearly about these situation in detail. Above all, in adopting a new project successfully, a new entrepreneur should analyze project knowing ins and outs, its issues and probable solutions thereof.