Small scale business enterprises
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Small scale business enterprises Definition of Small-Scale Enterprise Steps and procedure for setting up small scale business
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Introduction to small scale enterprises
This presentation covers the topic of small scale enterprises, it sheds light on its definition, types, features, relation to large scale enterprises and role played by it in economic development. It also covers the concept of ownership, the various forms ownership structure and selection of an appropriate ownership structure. It uses the study note format. Enjoy learning!
Seven steps to starting your own business
People are always asking for a list of fundamentals, a checklist they can use to start their own businesses. From your business type to your business model to your physical location, there are so many variables it's not easy to come up with a list that will work for everybody. The key, regardless of what type of business you're starting, is to be flexible!
Factors influencing entrepreneurship
Dr. R.Kalaivani from the Department of Biotechnology at Bon Secours College for Women in TamilNadu presented on key factors related to entrepreneurship. Some factors discussed included self-efficacy, education level, technology transfer, and societal culture. Political factors like legal restrictions and market forces such as industry structure and barriers to entry can influence entrepreneurial opportunities. Successful entrepreneurship requires arrangements for funding and resources, the willingness to commit and take risks, and the necessary abilities including skills, knowledge, and experience. Competitive strategies, independence, institutional support, and innovation clusters within an entrepreneurial ecosystem are also important.
Business plans
INTRODUCTION
A business plan is an important document for any business and it can be written for a variety of reasons.
Internally, it can help owners and managers crystallise their ideas, focus their efforts and monitor performance against established objectives.
Externally, the business plan can act as a medium for attracting finance for start-ups or expansion.
INTRODUCTION
For many people, the experience of raising finance is a new one.
Many opportunities presented to financiers are subsequently rejected.
It is essential, therefore, that the entrepreneur prepares a quality document.
The objective of this work-pack is to help you prepare just such a document by providing you with the headings which need to be covered.
CONTENTS
The business plan should summarise the proposed activity and the prospects for success for the venture, paying particular attention to factors that are critical to success or failure.
The contents should be tailored to the particular individual requirements, circumstances or characteristics of the proposal.
In general, they have the following categories:
CONTENTS
Executive Summary
Current position
Objectives
Product/Service and Operations
Marketing and Sales Plan
Competition
Management and Staff
Financial plan
Information and control
Risk factors and mitigation
Entrepreneurship development 1
About Entrepreneurship Development , Need, types, functions, characteristics, barriers, Entrepreneurship Development Cycle
Life cycle of a Business venture
Identification of Potential Entrepreneurs
Strategies for ED
Business Incubation
National small industries corporation (NSIC)
The National Small Industries Corporation Ltd. (NSIC) was established in 1955 to aid and foster the growth of small and medium enterprises in India. It provides various support services to small businesses, including marketing support through exhibitions, buyer-seller meets, and export assistance. It also offers credit support through equipment financing, tie-ups with banks, and financing for procurement of raw materials and marketing activities. Additionally, NSIC provides technology support such as product design, testing facilities, and training as well as operating business incubators to help entrepreneurs start small businesses.
Introduction to entrepreneurship
This document provides an introduction to entrepreneurship including:
- Entrepreneurship involves setting up a business to meet consumer needs for profit. It has roots in barter trade.
- Advantages include independence, flexibility, challenge, direct payoffs, and unlimited earnings. Disadvantages include no regular salary and unpredictable schedule.
- Common business ideas involve capitalizing on skills, filling needs, and franchising. Common reasons for starting a business are independence, creativity, and using skills.
- Entrepreneurship benefits the economy through jobs, income, consumer demands, and linking industries. Small and medium enterprises are defined by assets and employees.
2
Ratan Tata is recognized as an accomplished entrepreneur who led the Tata Group's acquisition of Corus, creating the world's fifth largest steel company. As the chairman of Tata Sons, he helped expand the company's global presence through strategic acquisitions. Entrepreneurship involves recognizing opportunities, pursuing them through innovation and risk-taking despite limited resources, and having the flexibility and resilience to adapt to challenges. Successful entrepreneurs demonstrate traits like passion, creativity, self-reliance, leadership, and a willingness to take risks.
Recommended
Introduction to small scale enterprises
This presentation covers the topic of small scale enterprises, it sheds light on its definition, types, features, relation to large scale enterprises and role played by it in economic development. It also covers the concept of ownership, the various forms ownership structure and selection of an appropriate ownership structure. It uses the study note format. Enjoy learning!
Seven steps to starting your own business
People are always asking for a list of fundamentals, a checklist they can use to start their own businesses. From your business type to your business model to your physical location, there are so many variables it's not easy to come up with a list that will work for everybody. The key, regardless of what type of business you're starting, is to be flexible!
Factors influencing entrepreneurship
Dr. R.Kalaivani from the Department of Biotechnology at Bon Secours College for Women in TamilNadu presented on key factors related to entrepreneurship. Some factors discussed included self-efficacy, education level, technology transfer, and societal culture. Political factors like legal restrictions and market forces such as industry structure and barriers to entry can influence entrepreneurial opportunities. Successful entrepreneurship requires arrangements for funding and resources, the willingness to commit and take risks, and the necessary abilities including skills, knowledge, and experience. Competitive strategies, independence, institutional support, and innovation clusters within an entrepreneurial ecosystem are also important.
Business plans
INTRODUCTION
A business plan is an important document for any business and it can be written for a variety of reasons.
Internally, it can help owners and managers crystallise their ideas, focus their efforts and monitor performance against established objectives.
Externally, the business plan can act as a medium for attracting finance for start-ups or expansion.
INTRODUCTION
For many people, the experience of raising finance is a new one.
Many opportunities presented to financiers are subsequently rejected.
It is essential, therefore, that the entrepreneur prepares a quality document.
The objective of this work-pack is to help you prepare just such a document by providing you with the headings which need to be covered.
CONTENTS
The business plan should summarise the proposed activity and the prospects for success for the venture, paying particular attention to factors that are critical to success or failure.
The contents should be tailored to the particular individual requirements, circumstances or characteristics of the proposal.
In general, they have the following categories:
CONTENTS
Executive Summary
Current position
Objectives
Product/Service and Operations
Marketing and Sales Plan
Competition
Management and Staff
Financial plan
Information and control
Risk factors and mitigation
Entrepreneurship development 1
About Entrepreneurship Development , Need, types, functions, characteristics, barriers, Entrepreneurship Development Cycle
Life cycle of a Business venture
Identification of Potential Entrepreneurs
Strategies for ED
Business Incubation
National small industries corporation (NSIC)
The National Small Industries Corporation Ltd. (NSIC) was established in 1955 to aid and foster the growth of small and medium enterprises in India. It provides various support services to small businesses, including marketing support through exhibitions, buyer-seller meets, and export assistance. It also offers credit support through equipment financing, tie-ups with banks, and financing for procurement of raw materials and marketing activities. Additionally, NSIC provides technology support such as product design, testing facilities, and training as well as operating business incubators to help entrepreneurs start small businesses.
Introduction to entrepreneurship
This document provides an introduction to entrepreneurship including:
- Entrepreneurship involves setting up a business to meet consumer needs for profit. It has roots in barter trade.
- Advantages include independence, flexibility, challenge, direct payoffs, and unlimited earnings. Disadvantages include no regular salary and unpredictable schedule.
- Common business ideas involve capitalizing on skills, filling needs, and franchising. Common reasons for starting a business are independence, creativity, and using skills.
- Entrepreneurship benefits the economy through jobs, income, consumer demands, and linking industries. Small and medium enterprises are defined by assets and employees.
2
Ratan Tata is recognized as an accomplished entrepreneur who led the Tata Group's acquisition of Corus, creating the world's fifth largest steel company. As the chairman of Tata Sons, he helped expand the company's global presence through strategic acquisitions. Entrepreneurship involves recognizing opportunities, pursuing them through innovation and risk-taking despite limited resources, and having the flexibility and resilience to adapt to challenges. Successful entrepreneurs demonstrate traits like passion, creativity, self-reliance, leadership, and a willingness to take risks.
Micro, small and medium enterprises development act, 2006 (msmed act, 2006) (1)
The Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) provides definitions for micro, small and medium enterprises based on investment in plant and machinery or equipment. It requires medium enterprises engaged in manufacturing to register with authorities and makes registration optional for others. The Act provides for timely payment to registered micro or small enterprises within 45 days and imposes 18% interest on delayed payments. It also establishes councils for resolving payment disputes. The Act requires disclosures in buyer's financial statements about amounts unpaid to micro and small suppliers.
Types of entrepreneurs
There are many types of entrepreneurs, which can be classified in various ways. Some key classifications include innovative entrepreneurs, who introduce new products or ideas; imitative entrepreneurs, who copy innovations; and business entrepreneurs, who establish enterprises to produce new products or services. Entrepreneurs can also be classified based on their industry, such as technical entrepreneurs, who focus on production, or non-technical entrepreneurs, who focus on marketing. The document also discusses spontaneous, induced, motivated, first generation, inherited, and third generation entrepreneurs.
Emerging trend in entrepreneurship
The document discusses emerging trends in entrepreneurship, including the rise of startup accelerators, student sandboxes and business labs, crowd funding, coworking spaces, and entrepreneurship degrees. Specifically, it notes that startup accelerators help tech startups obtain funding in exchange for equity, student sandboxes mentor student startups and provide seed funding, crowd funding uses social networks to raise money, coworking spaces offer collaborative work environments for entrepreneurs, and more universities now offer entrepreneurship degrees with virtual components.
Theories of entrepreneurship_shriram.dawkhar
The document discusses several theories of entrepreneurship including:
1) Economic theories like those proposed by Cantillon and Schumpeter that see entrepreneurs as risk-takers and innovators.
2) Sociological theories that view entrepreneurship as influenced by cultural values and social support.
3) Psychological theories like McClelland's need for achievement theory that identify personality traits like motivation and drive as important for entrepreneurs.
4) Anthropological theories proposed by Barth that see entrepreneurs connecting different social spheres.
The document also discusses innovation theories of Schumpeter, Knight's risk-bearing theory, and Hagen's theory of social change and status withdrawal in relation to entrepreneurial development.
MSME
MSMEs play an important role in the Indian economy, contributing approximately 8% to GDP, 40% to manufacturing output, and 45% to exports. They emerged based on Gandhian principles and were encouraged by the MSME Act of 2006. Common challenges faced by MSMEs include lack of access to financing, raw materials, skilled labor, and effective marketing strategies. The government has implemented various schemes and programs to support MSME growth and address these challenges.
Concept of Entrepreneur and Entrepreneurship
An entrepreneur is one who undertakes the risk of investment to create and market a good or service for financial gains. Entrepreneurship is defined as the capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit. Successful entrepreneurs are perceptive, take advantage of business opportunities, and are willing to take risks to generate high profits. They provide important benefits to the economy such as employment, goods/services, and economic growth. However, entrepreneurship also carries risks such as business failure or difficulties competing.
PPT on MSME
This document defines and provides information about micro, small, and medium enterprises (MSMEs) in India. It states that MSMEs require small investments compared to large enterprises, and defines investment limits for different sectors. It also lists the top 10 MSMEs in India, problems faced by the sector like lack of capital and technology, products reserved for large industries, and the importance of MSMEs in creating jobs and supporting initiatives like 'Make in India'.
ppt on Entrepreneur
The document defines an entrepreneur as someone who creates a new business while taking risks and uncertainties in order to make a profit. It discusses various theories of entrepreneurship including economic, sociological, and psychological theories. It also covers characteristics, types, functions, and barriers of entrepreneurs. The stages of the entrepreneurial process include discovery, concept development, resourcing, actualization, and harvesting. Entrepreneurial culture and its components that promote entrepreneurship are also summarized.
Entrepreneurial Mindset
The document discusses the entrepreneurial mindset and what makes an entrepreneur. It defines entrepreneurship as taking risks and having creative ideas to start a business. It profiles several famous entrepreneurs like Walt Disney, Bill Gates, and Steve Jobs. While business plans are important, some very successful companies were started without formal plans by entrepreneurs who just took action. The document also discusses risks of entrepreneurship like financial and career risks and how to balance work and personal life. It emphasizes qualities of entrepreneurs like seeing opportunities, working hard, and having an optimistic attitude when facing challenges.
Entreprenuership: An Overview
The document discusses key concepts around entrepreneurship including defining entrepreneurs, comparing them to businessmen, and factors that motivate entrepreneurship. It outlines the entrepreneurial process and resources available to entrepreneurs at different stages. The document also explores how entrepreneurship contributes to economic growth and trends in entrepreneurship research in the 21st century. Examples of successful entrepreneurs like Steve Jobs, Baba Ramdev, and Dr. Achuta Samanta are provided.
Entrepreneurship
The document discusses entrepreneurship, defining key terms like income generation, self-employment, and entrepreneurship. It identifies the four factors of enterprise as land, labor, capital, and entrepreneur. Entrepreneurship is described as taking risks to start a productive venture seeking profit. Internal driving forces within a business and external forces outside its control are discussed. The document also covers classifications of entrepreneurship, barriers to entrepreneurship, and the difference between entrepreneurs and managers.
Entrepreneurial Ecosystem
This presentation provides an overview of the elements that comprise the entrepreneurial ecosystem and shares the best practices for new product development. It also provides measures that can be used to evaluate the effectiveness of the entrepreneurial ecosystem and proposes a world class solution that can be used to increase the success rate of entrepreneurial ventures.
Characteristics of a successful entrepreneur
Successful entrepreneurs exhibit creativity by developing new ideas and concepts to solve problems or discover niche markets. They are also innovative in converting new ideas into successful products or services. Entrepreneurs must be flexible and multi-skilled to carry out various tasks across different business areas like human resources, accounting, and promotion. They are also goal-oriented in setting clear targets for themselves and employees to achieve the business aims. Entrepreneurs persevere through challenges by continuing their efforts in the face of adversity and rethinking ideas when businesses seem to be failing. They also take calculated risks by pursuing ventures only if costs and benefits analysis show potential for profit.
Theories of Entrepreneurship
The main theories of entrepreneurship are:
1)Innovation Entrepreneurship theory.
2) Economic Entrepreneurship theory.
3) Sociological Entrepreneurship theory.
4) Psychological Entrepreneurship theory.
5)Opportunity based Entrepreneurship theory.
6) Resource-based Entrepreneurship theory.
7) Anthropological Entrepreneurship theory.
Entrepreneurial process
The document discusses the entrepreneurial process which consists of 5 stages: discovery, concept development, resourcing, actualization, and harvesting. Discovery involves generating business ideas and studying the market. Concept development involves creating a business plan. Resourcing involves acquiring financial and human resources. Actualization involves operating the business. Harvesting involves deciding on the business's future growth or demise.
A brief history of entrepreneurship
This document provides a brief history of entrepreneurship through the ages:
- In the earliest period, entrepreneurs like Marco Polo acted as go-betweens for trade, taking loans to purchase goods and share profits with money partners who bore the financial risks.
- During the Middle Ages, entrepreneurs managed large projects for governments and churches, but did not take financial risks themselves.
- In the 17th century, the concept of the entrepreneur as someone who contracts with governments or bears risks emerged. Notable entrepreneurs included John Law in France.
- The 18th century saw the differentiation of entrepreneurs, who needed capital, from capital providers. Inventors like Eli Whitney and Thomas Edison became archetypes
Entrepreneurial Marketing
Entrepreneurial marketing focuses on developing relationships with customers, innovating new product concepts, and leveraging limited resources. It involves taking a proactive, opportunity-driven, and customer-focused approach while tolerating some risk. Various entrepreneurial marketing strategies are discussed, including relationship marketing, viral marketing, digital marketing, and buzz marketing. Pricing strategies like skimming, penetration pricing, and assessing price sensitivity are also covered.
Entrepreneur & Entrepreneurship Development
Being an entrepreneur can be challenging, rewarding, frustrating, satisfying, disappointing, and exhilarating. To help you through all the highs and lows of starting your own enterprise here is easy to understand guide with basic fundamentals of entrepreneurship being explained.
Small and medium enterprises ppt
This document defines and classifies small and medium enterprises in India based on investment levels. Small enterprises are defined as those with plant and machinery investment over Rs. 25 lakhs but not exceeding Rs. 5 crores, or equipment investment over Rs. 10 lakh but not exceeding Rs. 2 crore. Medium enterprises have plant and machinery investment over Rs. 5 crore but not exceeding Rs. 10 crore, or equipment investment over Rs. 2 crore but not exceeding Rs. 5 crore. The Small and Medium Enterprises Development Act of 2006 established guidelines for classifying and promoting SMEs in India.
Role of ngo in microfinance
NGOs play a vital role in microfinance in India by promoting self-help groups and providing financial services to low-income individuals. They help convert pilot microfinance programs into large-scale operations, acting as direct lenders, helping link borrowers and savers to banks, providing training to rural enterprises, developing innovative financial products, and training other organizations. NGOs are critical to the growth of microfinance in India and extending financial access to those not served by traditional banks.
Small Scale Business
This document provides details about a mobile cloth store business owned by Muzibor Rahman in Dhaka, Bangladesh. It discusses that Muzibor has been running the business for 11 years, starting with 8,000 BDT in capital and now having over 1,00,000 BDT. As a sole proprietor, Muzibor is responsible for all aspects of running the business independently. While the mobile cloth store business model provides opportunities for entrepreneurs, it also faces challenges such as financial risks and lack of managerial support. The document analyzes the nature, advantages, and disadvantages of this small-scale sole proprietorship business.
Medium and small scale enterprise management
The document summarizes a public workshop held on October 19th, 2010 at Kampala University. The workshop focused on innovation and management in a dynamic work environment, specifically for small and medium enterprises. It covered topics like the importance of effective communication and public relations for business success. MSMEs make up the majority of Uganda's private sector and driving their growth is key to improving the country's competitiveness. The workshop provided guidance on communications best practices, customer satisfaction, and utilizing PR strategies to help small businesses succeed.
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Micro, small and medium enterprises development act, 2006 (msmed act, 2006) (1)
The Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) provides definitions for micro, small and medium enterprises based on investment in plant and machinery or equipment. It requires medium enterprises engaged in manufacturing to register with authorities and makes registration optional for others. The Act provides for timely payment to registered micro or small enterprises within 45 days and imposes 18% interest on delayed payments. It also establishes councils for resolving payment disputes. The Act requires disclosures in buyer's financial statements about amounts unpaid to micro and small suppliers.
Types of entrepreneurs
There are many types of entrepreneurs, which can be classified in various ways. Some key classifications include innovative entrepreneurs, who introduce new products or ideas; imitative entrepreneurs, who copy innovations; and business entrepreneurs, who establish enterprises to produce new products or services. Entrepreneurs can also be classified based on their industry, such as technical entrepreneurs, who focus on production, or non-technical entrepreneurs, who focus on marketing. The document also discusses spontaneous, induced, motivated, first generation, inherited, and third generation entrepreneurs.
Emerging trend in entrepreneurship
The document discusses emerging trends in entrepreneurship, including the rise of startup accelerators, student sandboxes and business labs, crowd funding, coworking spaces, and entrepreneurship degrees. Specifically, it notes that startup accelerators help tech startups obtain funding in exchange for equity, student sandboxes mentor student startups and provide seed funding, crowd funding uses social networks to raise money, coworking spaces offer collaborative work environments for entrepreneurs, and more universities now offer entrepreneurship degrees with virtual components.
Theories of entrepreneurship_shriram.dawkhar
The document discusses several theories of entrepreneurship including:
1) Economic theories like those proposed by Cantillon and Schumpeter that see entrepreneurs as risk-takers and innovators.
2) Sociological theories that view entrepreneurship as influenced by cultural values and social support.
3) Psychological theories like McClelland's need for achievement theory that identify personality traits like motivation and drive as important for entrepreneurs.
4) Anthropological theories proposed by Barth that see entrepreneurs connecting different social spheres.
The document also discusses innovation theories of Schumpeter, Knight's risk-bearing theory, and Hagen's theory of social change and status withdrawal in relation to entrepreneurial development.
MSME
MSMEs play an important role in the Indian economy, contributing approximately 8% to GDP, 40% to manufacturing output, and 45% to exports. They emerged based on Gandhian principles and were encouraged by the MSME Act of 2006. Common challenges faced by MSMEs include lack of access to financing, raw materials, skilled labor, and effective marketing strategies. The government has implemented various schemes and programs to support MSME growth and address these challenges.
Concept of Entrepreneur and Entrepreneurship
An entrepreneur is one who undertakes the risk of investment to create and market a good or service for financial gains. Entrepreneurship is defined as the capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit. Successful entrepreneurs are perceptive, take advantage of business opportunities, and are willing to take risks to generate high profits. They provide important benefits to the economy such as employment, goods/services, and economic growth. However, entrepreneurship also carries risks such as business failure or difficulties competing.
PPT on MSME
This document defines and provides information about micro, small, and medium enterprises (MSMEs) in India. It states that MSMEs require small investments compared to large enterprises, and defines investment limits for different sectors. It also lists the top 10 MSMEs in India, problems faced by the sector like lack of capital and technology, products reserved for large industries, and the importance of MSMEs in creating jobs and supporting initiatives like 'Make in India'.
ppt on Entrepreneur
The document defines an entrepreneur as someone who creates a new business while taking risks and uncertainties in order to make a profit. It discusses various theories of entrepreneurship including economic, sociological, and psychological theories. It also covers characteristics, types, functions, and barriers of entrepreneurs. The stages of the entrepreneurial process include discovery, concept development, resourcing, actualization, and harvesting. Entrepreneurial culture and its components that promote entrepreneurship are also summarized.
Entrepreneurial Mindset
The document discusses the entrepreneurial mindset and what makes an entrepreneur. It defines entrepreneurship as taking risks and having creative ideas to start a business. It profiles several famous entrepreneurs like Walt Disney, Bill Gates, and Steve Jobs. While business plans are important, some very successful companies were started without formal plans by entrepreneurs who just took action. The document also discusses risks of entrepreneurship like financial and career risks and how to balance work and personal life. It emphasizes qualities of entrepreneurs like seeing opportunities, working hard, and having an optimistic attitude when facing challenges.
Entreprenuership: An Overview
The document discusses key concepts around entrepreneurship including defining entrepreneurs, comparing them to businessmen, and factors that motivate entrepreneurship. It outlines the entrepreneurial process and resources available to entrepreneurs at different stages. The document also explores how entrepreneurship contributes to economic growth and trends in entrepreneurship research in the 21st century. Examples of successful entrepreneurs like Steve Jobs, Baba Ramdev, and Dr. Achuta Samanta are provided.
Entrepreneurship
The document discusses entrepreneurship, defining key terms like income generation, self-employment, and entrepreneurship. It identifies the four factors of enterprise as land, labor, capital, and entrepreneur. Entrepreneurship is described as taking risks to start a productive venture seeking profit. Internal driving forces within a business and external forces outside its control are discussed. The document also covers classifications of entrepreneurship, barriers to entrepreneurship, and the difference between entrepreneurs and managers.
Entrepreneurial Ecosystem
This presentation provides an overview of the elements that comprise the entrepreneurial ecosystem and shares the best practices for new product development. It also provides measures that can be used to evaluate the effectiveness of the entrepreneurial ecosystem and proposes a world class solution that can be used to increase the success rate of entrepreneurial ventures.
Characteristics of a successful entrepreneur
Successful entrepreneurs exhibit creativity by developing new ideas and concepts to solve problems or discover niche markets. They are also innovative in converting new ideas into successful products or services. Entrepreneurs must be flexible and multi-skilled to carry out various tasks across different business areas like human resources, accounting, and promotion. They are also goal-oriented in setting clear targets for themselves and employees to achieve the business aims. Entrepreneurs persevere through challenges by continuing their efforts in the face of adversity and rethinking ideas when businesses seem to be failing. They also take calculated risks by pursuing ventures only if costs and benefits analysis show potential for profit.
Theories of Entrepreneurship
The main theories of entrepreneurship are:
1)Innovation Entrepreneurship theory.
2) Economic Entrepreneurship theory.
3) Sociological Entrepreneurship theory.
4) Psychological Entrepreneurship theory.
5)Opportunity based Entrepreneurship theory.
6) Resource-based Entrepreneurship theory.
7) Anthropological Entrepreneurship theory.
Entrepreneurial process
The document discusses the entrepreneurial process which consists of 5 stages: discovery, concept development, resourcing, actualization, and harvesting. Discovery involves generating business ideas and studying the market. Concept development involves creating a business plan. Resourcing involves acquiring financial and human resources. Actualization involves operating the business. Harvesting involves deciding on the business's future growth or demise.
A brief history of entrepreneurship
This document provides a brief history of entrepreneurship through the ages:
- In the earliest period, entrepreneurs like Marco Polo acted as go-betweens for trade, taking loans to purchase goods and share profits with money partners who bore the financial risks.
- During the Middle Ages, entrepreneurs managed large projects for governments and churches, but did not take financial risks themselves.
- In the 17th century, the concept of the entrepreneur as someone who contracts with governments or bears risks emerged. Notable entrepreneurs included John Law in France.
- The 18th century saw the differentiation of entrepreneurs, who needed capital, from capital providers. Inventors like Eli Whitney and Thomas Edison became archetypes
Entrepreneurial Marketing
Entrepreneurial marketing focuses on developing relationships with customers, innovating new product concepts, and leveraging limited resources. It involves taking a proactive, opportunity-driven, and customer-focused approach while tolerating some risk. Various entrepreneurial marketing strategies are discussed, including relationship marketing, viral marketing, digital marketing, and buzz marketing. Pricing strategies like skimming, penetration pricing, and assessing price sensitivity are also covered.
Entrepreneur & Entrepreneurship Development
Being an entrepreneur can be challenging, rewarding, frustrating, satisfying, disappointing, and exhilarating. To help you through all the highs and lows of starting your own enterprise here is easy to understand guide with basic fundamentals of entrepreneurship being explained.
Small and medium enterprises ppt
This document defines and classifies small and medium enterprises in India based on investment levels. Small enterprises are defined as those with plant and machinery investment over Rs. 25 lakhs but not exceeding Rs. 5 crores, or equipment investment over Rs. 10 lakh but not exceeding Rs. 2 crore. Medium enterprises have plant and machinery investment over Rs. 5 crore but not exceeding Rs. 10 crore, or equipment investment over Rs. 2 crore but not exceeding Rs. 5 crore. The Small and Medium Enterprises Development Act of 2006 established guidelines for classifying and promoting SMEs in India.
Role of ngo in microfinance
NGOs play a vital role in microfinance in India by promoting self-help groups and providing financial services to low-income individuals. They help convert pilot microfinance programs into large-scale operations, acting as direct lenders, helping link borrowers and savers to banks, providing training to rural enterprises, developing innovative financial products, and training other organizations. NGOs are critical to the growth of microfinance in India and extending financial access to those not served by traditional banks.
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Small Scale Business
This document provides details about a mobile cloth store business owned by Muzibor Rahman in Dhaka, Bangladesh. It discusses that Muzibor has been running the business for 11 years, starting with 8,000 BDT in capital and now having over 1,00,000 BDT. As a sole proprietor, Muzibor is responsible for all aspects of running the business independently. While the mobile cloth store business model provides opportunities for entrepreneurs, it also faces challenges such as financial risks and lack of managerial support. The document analyzes the nature, advantages, and disadvantages of this small-scale sole proprietorship business.
Medium and small scale enterprise management
The document summarizes a public workshop held on October 19th, 2010 at Kampala University. The workshop focused on innovation and management in a dynamic work environment, specifically for small and medium enterprises. It covered topics like the importance of effective communication and public relations for business success. MSMEs make up the majority of Uganda's private sector and driving their growth is key to improving the country's competitiveness. The workshop provided guidance on communications best practices, customer satisfaction, and utilizing PR strategies to help small businesses succeed.
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Small business enterprises
Small and medium-sized enterprises (SMEs) are a major contributor to the economies of both India and the European Union (EU). In India, SMEs employ over 60 million people and contribute nearly half of industrial output and exports. There are over 30 million SMEs in India, which are growing at an annual rate of 8%. In the EU, SMEs provide over half of private sector jobs and value added to the economy, though most are microenterprises with only 2 employees. Both regions recognize the importance of SMEs and have implemented various programs to promote their competitiveness, such as providing funding, supporting new technologies, and facilitating international trade links.
Small and medium enterprise
Small scale industries play a key role in India's economic development and industrialization due to their ability to generate large scale employment, require lower investment, and have shorter gestation periods. They account for 54% of India's exports and are important for utilizing India's abundant labor supply. However, they face challenges from globalization and trade agreements that liberalize markets. The document goes on to define micro, small, and medium enterprises based on investment levels and classify them as either manufacturing or service. It discusses the advantages small businesses provide like decentralized development and flexibility, as well as some disadvantages like financial and branding challenges.
Small scale business
The real time business game in PSG Institute of Management for MBA Operations students. We decided to Thattu Vadai Settu in Coimbatore.
Thattu vadai set | thattai sandwich is a popular snack in Salem, a small town in Tamil nadu.
“The basic recipe is to take two small thattai discs, smear both sides with chutney and sandwich between them shredded beetroot, carrot, onion and coriander leaves.
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SOLE PROPRIETORSHIP 1
This document provides definitions and characteristics of sole proprietorship, partnership, and company forms of business. A sole proprietorship is owned and controlled by one person who is personally liable for all debts. A partnership is owned by two or more people who share profits and liabilities. A company is a separate legal entity from its owners, with shareholders having limited liability but also separation of ownership and management.
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Ashish Chopra
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Small scale business enterprises
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