This document describes creating Entity Sets for the Service Builder projects complying with OData V4
An entity set allows access to entity type instances. While an entity type describes a data structure, an entity set can expose instances of the specified entity type as well as any entity type inherited from the specified entity type.
You should have created an OData V4 project and created an Entity Type.
If you create two Entity Sets having first 16 characters identical, unique method names are generated for these identical Entity Sets at the time of project generation.