Do You Want to be an Entrepreneur ? <br />
You need an Idea <br />Don’t have an idea<br />The be a Franchise or a Dealer for a company<br />
You need to ask these questions in you<br />Do you have the confidence ?<br />Do you have money to start a business?<br />...
Don’t have confidence <br />You cannot be an entrepreneur <br />Join some company as an employee to gain some experience a...
Don’t have money<br />Approach banks for loan or Venture capitalists<br />Prepare a project report with the working of how...
Don’t have knowledge<br />Gain knowledge by interacting with Entrepreneur’s  in yours specific field of interest    <br />
You have got all the above<br />What type of organization<br />Proprietorship: One owner, Free to make all decisions ,Need...
Considering that you start a Proprietorship<br />What Industry are you going to start?<br />A manufacturing company<br />A...
For starting a trading company(Dealership)<br />Approach the company which has called for dealerships<br />Fulfill their b...
Registration<br />Purchase land for where house ,showroom. based on the region of operation.<br />Land to be registered un...
Laws that apply to trading<br />Sales tax registration , TIN(Tax Identification Number) number to be used to do transactio...
Laws<br />Professional tax to the municipality <br />Labor laws have to be followed strictly<br />Shop and establishment a...
Traders ethics <br />Maintain a high level of credit worthiness<br />Maintain  network with the suppliers <br />Maintain a...
Thus you become an entrepreneur <br />
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Do you want to be an entrepreneur

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Do you want to be an entrepreneur

  1. 1. Do You Want to be an Entrepreneur ? <br />
  2. 2. You need an Idea <br />Don’t have an idea<br />The be a Franchise or a Dealer for a company<br />
  3. 3. You need to ask these questions in you<br />Do you have the confidence ?<br />Do you have money to start a business?<br />Do you have the knowledge?<br />
  4. 4. Don’t have confidence <br />You cannot be an entrepreneur <br />Join some company as an employee to gain some experience and knowledge <br />
  5. 5. Don’t have money<br />Approach banks for loan or Venture capitalists<br />Prepare a project report with the working of how you will be able to return the loan and feasibility analysis <br />Along with the report submit NOC and approval from the head of the region and various departments relating to your project. <br />After submitting the above your proposal will be processed further .<br />
  6. 6. Don’t have knowledge<br />Gain knowledge by interacting with Entrepreneur’s in yours specific field of interest <br />
  7. 7. You have got all the above<br />What type of organization<br />Proprietorship: One owner, Free to make all decisions ,Need not be registered under organization act.<br />Partnership: Min 2 –Max 10 for trading , Min 2 –Max 20 for Financial , Registered under organization act.<br />Private limited: Min 2- Max 50, controlled by Indian companies act and organisation act.<br />Public limited: Min 50 – Any number<br />
  8. 8. Considering that you start a Proprietorship<br />What Industry are you going to start?<br />A manufacturing company<br />A service provider<br />A trading organisation<br />
  9. 9. For starting a trading company(Dealership)<br />Approach the company which has called for dealerships<br />Fulfill their basic requirements such as working capital ,infrastructure ,bank guarantee , manpower, location etc.<br />Receive an LOI(Letter Of Indend) ,this is an appointment and an agreement between you and that company under some conditions for a period of 2 to 3 years <br />
  10. 10. Registration<br />Purchase land for where house ,showroom. based on the region of operation.<br />Land to be registered under registration act.<br />Construction to be done on the basis of town plan. <br />
  11. 11. Laws that apply to trading<br />Sales tax registration , TIN(Tax Identification Number) number to be used to do transactions, service tax.<br />C Forms should be used buy goods from other states <br />With more than 20 employees in your organisation, you have to pay ESI(Employee State Insurance),PF(Provident Fund)<br />
  12. 12. Laws<br />Professional tax to the municipality <br />Labor laws have to be followed strictly<br />Shop and establishment act<br />Factories act<br />Minimum wages act ,minimum Rs 4250(inclusive of PF & ESI)<br />Bonus act ,payment of wages act<br />Child labor act<br />
  13. 13. Traders ethics <br />Maintain a high level of credit worthiness<br />Maintain network with the suppliers <br />Maintain a database of the customers <br />Maintain stock at least for 5 days<br />Motivate the employees to increase your profits<br />Systems to be implemented so that work is done even in your absence<br />
  14. 14. Thus you become an entrepreneur <br />
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