Entrepreneurial Success and Risk Perception among Small-scale Entrepreneurs of Eastern India

Abstract

The paper is based on empirical research done on industrial units which are often categorised under the small-scale sector. The paper makes an attempt to explain the relationship that exists among various socio-economic variables with different success levels among the enterprises. The findings reveal that there are associations between the success levels of an enterprise with factors like technical education of the entrepreneur, occupational background of parents, previous background of the entrepreneur and capability to arrange working capital. The paper also brings out the entrepreneur’s perception of risk namely, the functional risk and business risk. It makes an attempt to learn about the hindrances encountered by the entrepreneur. This research conducted in four Indian states thereby establishes the necessary interventions one could do to strengthen the small-scale sector which according to the author has both an economic as well as a social advantage over other sectors.