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4.1.3. Women Entrepreneurship
Women entrepreneurship means women are turned into entrepreneurs by initiating, organising and setting up
production and marketing of the products. Women initially joined the business world with innovative ideas to start
small and medium scale ventures such as papad making, pickle preparation, food items, paintings, handicrafts,
etc. Nowadays women are successful entrepreneurs in modern technology-based business ventures like tours and
travels, business related to IT, etc.
Some of the well-known women entrepreneurs are:
• Kiran Mazumdar Shaw: She is the founder of Biocon Limited. This firm has entered
the US biosimilars market and is getting the attention of investors. As per Forbes, it
is the first company to get approval from the USFDA.
Kiran Mazumdar Shaw
• Falguni Nayar: The Founder of Nykaa, which sells cosmetic and wellness products
online.
Falguni Nayar
• Kalpana Saroj: She is the first woman entrepreneur in India and she is the CEO of
Kamani Tubes. Her journey from a Dalit child bride to Kalpana Saroj multi-millionaire
is commendable and full of challenges.
Kalpana Saroj
4.1.4. Small-Scale Entrepreneurship
Small-scale entrepreneurship means doing business at small scale in manufacturing, trading, providing services,
productions etc. It involves less capital investment, less labour and fewer machines to operate in a small place
which can be from home or a small rented place in a locality nearby. These businesses play a very important role
in the economy of many developing countries. Some of the small-scale entrepreneurship are bakery, candle
making, potato chip making, toy making, dairy and related products, liquid soap making, spices, etc.
4.2. WORK DONE BY AN ENTREPRENEUR
When an entrepreneur runs a business:
• They use their creativity to come up with a new business idea that
will fulfill the changing demands of the customer’s.
• They use the available material and people available around them
in an innovative way merged with new technology to create new
products.
• They work for the welfare of the society by saving the environment,
contributing their money to build new schools and hospitals in
their locality.
• They create jobs by hiring the skilled and unskilled labourers and helps in bridging the gap of unemployment.
Entrepreneurial Skills-II 85

