Page 214 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Unit 14: Sickness in Small Business Enterprises

Notes

Caselet Sarathbabu: An Entrepreneur

eet Sarathbabu, the 27 year old IIM, Ahmedabad Graduate who rejected
lucrative campus offers to start a business. But then this is not special, around
M30-40% IIM graduate reject offers to start their business. What is special about
Sarath babu is even the hard atrocities of life faced by him could not deter him from
achieving the present status and position. He belongs to a very economically weak family,
he was amongst the five children that were nurtured by their single mother, who worked
for mid-day meal, taught in an every programme and sold idlis in the morning so that her
kids could be nurtured and educated.
Even Sarathbabu also helped his mother in selling idlis. His mother’s hard work did not
go in vain, Sarathbabu did well in education, he did his B. Tech from BIT Pilani and was
also selected by IIM, Ahemadabad (one of the most premiere institute in India.) He got
good job offers, the job offers after MBA were especially lucrative for person like Sarathbabu
because his mother dint even have a Pucca house, but he was determined to be an
entrepreneur and started his Food Catering Services Private Limited with an initial capital
of ` 11.75 lakh that he funded from a loan from a bank. He has orders from big institutions –
IIM Ahmedabad, Darpan Academy Gujrat Energy Research Institute & Systems Plus.
Though the business has taken a bigger shape now, the seeds of entrepreneurship were
laid when he drew inspiration from his mother who sold idlis to earn livelihood &
education for them.
Entrepreneurial bug finally hit him when he realized for the first time that people like
Dhirubhai Ambani & Narayanmurthy with Companies like Reliance & Infosys employee
thousands of people & hence take care of the livelihood of the employees and their families
and hence indirectly help lakhs of people. This noble act of taking care of large section of
the society finally unveiled the entrepreneur in him.

Source: Lall Madhurima and Sahai Shikha (2008), Entrepreneurship, Excel Books Pvt. Ltd.
Self Assessment

Fill in the blanks:
1. Small-scale industries continue to play a significant role in………………. activity.
2. The number of small-scale units has increased from an estimated ………………. million
units in the year 1980-81 to over 3 million in the year 2000.
3. SSI sector plays a major role in India’s present ………………. performance.
4. It would surprise many to know that non-traditional products account for more
than ………………. of the SSI exports.
5. The promotional and protective policies of the government have ensured the presence of
this sector in an astonishing range of products, particularly in ………………. goods.

14.2 Causes of Sickness

As far as the causes of sickness in small-scale industry are concerned, it cannot be attributed to a
single factor. In fact, it is an outcome of the cumulative effect of many factors/causes working

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