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Abstract

Entrepreneur is the person who creates the business and owns the risk. In our society, entrepreneurs are large in small scale industries and that comes under two categories                    – entrepreneurs born and entrepreneurs made. It is very useful for first generation entrepreneurs, who started their business newly without support of the family members because this type of entrepreneur does not have enough knowledge about managerial business problems and decision making. This study mainly has been made on the first generation entrepreneurs in small scale industries. For the rapid economic growth of a nation the youngsters are to be advised / motivated at right time to be entrepreneurs and this will solve a lot of problems. Madurai city stands second place in population wise, economy wise, growth wise after the city Chennai, the capital of the state of Tamil Nadu. Hence, the scope is bright to have a research study on the first generation entrepreneurs in small scale industry in Madurai city.

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