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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
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