DEVELOPMENT AND MANAGEMENT ENTREPRENEURSHIP DEVELOPMENT AND MANAGEMENT

UNIT : 1

Entrepreneur: Am entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures.

Qualities of Entrepreneur: Initiator 8. Technical Knowledge Opportunity seeker 9. Self-Confident Calculated risk taker 10. Saving Habit Information seeker Committed to work Efficiency lover Proper planner

Function Of Entrepreneur Innovation Risk Taking Organization Building

Entrepreneurship: Entrepreneurship has been described 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

Need Of Entrepreneurship: Capital Formation Improvement in per capita income Development of entrepreneurial culture Generation of employment Balanced regional growth Competitive market Social development

Barriers In Entrepreneurship: Management Factor Production Factor High Cost Factor Marketing Problem Financial Problem Neglecting of Business

Sole proprietorship: A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work 'alone'—it is possible for the sole trader to employ other people.[1]

Partnership: A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach.

NSIC : National Small Industries corporation To develop small sale unit to large scale unit. To assist small industries with marketing through their depots. To distribute basic raw material. To provide the small scale industry. To import and distribute part of actual small scale industry.

NABARD National bank for agriculture and rural development. It provided credit for promotion of agriculture, small scale industry. NABARD provide short term loan for 18 month. NABARD provide Middle term loan for 4 Years. NABARD provide Long term loan for 25 years.

TCO: Technical Consultancy Organization. To prepare project report and feasibility study. To conduct entrepreneurship development programmes. To identify the potential of entrepreneur and provide them technical and management assistance.

KVIC : Khadi and village industry commission was started in 1953. It objective of developing khadi and village industries and improving rural development. It provide assistance to khadi and village centers. KVIC execute through state khadi and village industries board.

SIDBI : Small industries development bank of India. SIDBI was set up to function as the principal financial institution. It take initiates step to technological and modernization of existing unit. To expand the channels for marketing the product.

UNIT : 2

Scanning of Business: Study the Political, Economical, Social and technological events and trends which influence a business an industry or even a total market. There are no. of common approaches for such type of analysis. Most important analysis is PASTEL analysis.

PASTEL Analysis: P - Political Factor E - Economical Factor S - Socio- Cultural Factor T - Technological Factor E - Environmental Factor L - Legal Factor

Market Survey: Raw material data Machinery data Market data Financial data Personnel data General data

Product Selection : Present market Scope of growth of market Costs Availability of main production factor Risks

UNIT : 3

Project Report : The document which contains the required details like the personal bio-data of the entrepreneur, the product to be manufactured, its design, manufacturing process, raw materials, machines and equipment required, staff needed and the likely profit etc. is called a project report.

Contents of a Project Report : Objective 9. personnel Promoters profile 10. Source of finance Location 11. Source of Finance Land and building Plant and machinery Production process Raw materials Market potential

Preliminary Project Report (PPR) A preliminary project report is a brief summary of a project describing the expected inputs and outputs like finance, manpower, machinery, materials, technology, Expenses, production, sales and profit etc. of a project before the project is actually implemented.

Detailed Project Report (DPR) : Detain project report is nothing but a detailed of each and every information and estimated mention in the preliminary project report. While preparing a detained project report the entrepreneur may take the help of expert to do the job.

Stages of Project Appraisal : Economical Analysis Financial Analysis Technical Feasibility Managerial Competences Market Analysis

Increased National Income P T Increased Employment Increased Output Increased Services Higher Earning Increased National Income Improved Income Higher Standard