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A landless woman from Bihar has been nominated among the top 25 farmers in Asia by a Mexican website. Forty-five-year old Lalmuni Devi was a daily wage labourer when she decided to take destiny into her own hands and transformed herself into a successful mushroom farmer. Today she manages to make Rs. 12,000 every year for an investment of only Rs. 600. Her feat finds mention on a Mexican website that has grouped her as the top 25 inspirational farmers in its photo gallery. ”I am a poor woman. I thought that mushroom farming would profit henceforth I started it. Now I can earn a living for my family,” said Lalmuni Devi. Successful enterprise The success story has caught on with many women in the Azadpur village on the outskirts of Patna 

”It is effortless farming, which we can even do in our village. Working in the scorching heat is very tiring. Mushroom farming generates more profit,” said Urmila Devi. Lalmuni and other landless women have been encouraged by the Indian Council for Agriculture Research to take up mushroom farming.  ”It is to help the poorest of the poor through alternative livelihood support system. For that we have chosen a village where people have no land and they have to share croppers,” said Dr A.R. Khan, Principal Scientist, ICAR, Patna. Lalmuni’s efforts have paved the way for many other landless women to take up mushroom farming and earn a livelihood for their family with little effort.

What are the benefits and risks of becoming an entrepreneur? How can you guard against the risks?

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2 Answers

Benefits:

  • Decision Making Authority 
  •  Earning Profit. 
  •  Become owner of business Risks: 
  • Financial Risk 
  • Market Risk 
  • Technological Advancement. We can guard against these risks by proper business plan, analysing the market, competitors etc, moving pace to pace with technology.
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Benefits of an entrepreneur 

  • They are the owner of the business, 
  • No worries of job, compensation and reward 
  • They earn profit. 
  • They have full authority to take decisions.

Risks of an Entrepreneur 

  • Market risk 
  • Financial risk
  • Risk in product planning 
  • Risk of Innovative technologies

In order to safeguard from the risk, an entrepreneur should analyse the market well, study about the innovative technologies, prepare the business plan so that financial institutions grant the fund, adopt the best ideas for product planning.

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