re in Small Business

8/8/2019 re in Small Business

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` An entrepreneur is a person who has possession of

a new enterprise

, venture or idea and assumes

significant accountability for the inherent risks and

the outcome.` An entrepreneur issomebody who manages a

business, takes risks and usesinitiative to make it

successful.


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` More than lakh ofpeople in India venturingentrepreneurship skillsin small business .

` Approximate 50% ofthe entrepreneursfailure in 2nd

year or 3rd year .

` Some corporate also take initiative for entrepreneur

Like Infosysfounder N.R. Narayanamurthy and

Birla group.

Indian managementcolleges also providesspecific

course for entrepreneurship.


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` Founder of food king

He was born and brought up in a slum

in Madipakkam, Chennai

Sharath did his schooling from KingsMatriculation Higher Secondary School,

Chennai, and graduated in Chemical

Engineering from BITS, Pilani. After

working for 3 years in Polaris

Softwares, he went on to complete hisMBA from IIM Ahmedabad


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` Sharaths mother, a 'mid-day meal' worker in a

governmentschoolcookedidlis, which he and his

two younger brothers used tosell. He believed that

there lay a businessidea under all the experience hehadgatheredin sellingidlis which would help him

make a successfulforay in the catering business,

Sharath refused an offer ofRs 8.5 lakh from a

reputed IT firm to pursue his hunch.


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` Foodking was setup with a vision to offer

employment to illiterate and semi-illiterate people

and bring up their living standards.

` Foodking started its operations on May 16th, 2006

by supplying snacks to corporate sectors, banksand software firms.

` It undertook Event Catering, Industrial Catering

and Institutional Catering and also has RetailOutlets.


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` Today Sharath is CEO ofFoodking Catering

Services which is provides services at BITS,

Pilani, IIM, Ahmedabad, BITS, Goa, BITS

Hyderabad and SRM, Chennai among others and

has a turnover in Crores.

` serving someone food is an extremely satisfying

feeling. The smile you get after giving good food to

someone is an experience to cherish.

` Food King catering services, was inaugurated at

Ahmedabad by IIM-A chairman and chief mentorof Infosys N.R. Narayanamurthy.


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` Begun with just Rs 2,000 of seed money andstarted from a mess in Ahmedabad his venturetoday is spread across several locations to thetune of Rs 9 crores and is geared to double by the

year-end.

Through Food King he desires to give qualityemployment to the poor. In the next 5 years he

aims to make Food King a source of employmentfor 50,000 people by opening 400-500 branchesall over the country.


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` Food King was specially designed for the

customers to serve them good food at nominal

prices. The specialty of the food king is to serve

good food at a nominal price.

` We design the menu according to the customers


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` the future lies in spreading his business to every

part of the country.

` In addition to that Sharath also wants to grow his

political career. Very few know that Sharathcontested in the 2009 Lok Sabha elections and

managed to get around 15,000 votes which is a

great achievement for an independent candidate.


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` He aims to improve employment opportunities and

provide education to all. Top on his list of goals,

though, is poverty alleviation. He states "I know

what real hunger is ... the pain of not being able to

afford food

` Sharath Babu has also started edu bharat an

enrichment programme for local management

students.


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