Setting up Small Enterprise

Steps in setting up small enterprise Deciding to go in to business Analysing Strengths / Weaknesses Product Selection Market Survey Forms of ownership Location

Deciding to go in to business

Analysing Strengths / Weaknesses

Product Selection

Market Survey

Forms of ownership

Location

Steps in setting up small enterprise 7. Technology 8. Machinery and Equipment 9. Project Report 10. Finance 11. Power Connection 12. Installation of Machinery

Steps in setting up small enterprise 13. Recruitment of Manpower 14. Raw Material 15. Production 16. Marketing 17. Quality

Small Business Management 5 Steps Plan Organise Co-ordinate Lead Control

Planning Set Objectives Outline Procedures Assign Responsibility What do you want to achieve? How will you achieve your objectives? Which people and what skills are needed?

Planning Answer these questions! What is to be done? When will it be done? Where will it be done? Who will do it? How will it be done?

Organising Determine all work that needs to be done Divide work logically to be comfortably performed by individuals Aggregate the work // Departmentalization Co-ordinate work Design Organizational Structure

Leading Set a direction for your enterprise towards achieving organizational goals

Co-ordination Ensure no overlap of duties and no job is left undone Left hand knows what the Right hand is doing

Controlling Continuously check actual results against desired results Make changes in work orders, methods or materials