Business plans
-Identifies nature & context of business opportunities only if it exists.
-Approach to take to exploit opportunities
-Statement of firm’s goals & strategies : focus on important issues
-Identifies variables determining success/failures.
-Maximize potential returns through cash flows
-Expect opportunities in capital appreciation
Business Ideas
Recognize trends
Brainstorming
Implications of environment
Identify opportunities
Screening and elimination
Evaluation & SWOT analysis
Business opportunity
Simulation of Business Ideas
Cost reduction- Process, RM,Tax, Distribution
Productivity Improvement
Increase in capacity utilization
Improving contribution and margin- new segment/value addition/ new usage
Financing Schemes
Government sponsored programs and Agencies
Investment Companies
Innovative research programs
State and Central Government assistance
Financial Institutions / State Financial Corporations
Community financers
Large Corporations
Venture Capital firms
Stock sales
Private placement
Public issues
EGS schemes for educated unemployed
District Industries Centers
Sources of Ideas
Behavioural Patterns
Caste Origins
Time & Age of entry
Family background
Religious Background
Education and Technical know-how
Occupational background
Migratory character – immigrants
Type of industry started
Types of ownership preferred
– Sole owner, Partner/s
Influencers of entrepreneurial development
Focused on capital – new ideas, invention, capitalization
Scientific/ Technical Research –new products and projects
Government Policy –supportive
Training inputs –SISI, NIED to encourage new entrepreneurs
Conducive Environment –Awards
Sources of generating Business Ideas
Discussion with other people
Books, Magazines, Research Bulletins
Plan document, Government Publication,
Idea focus, Inventory Problems
Product Planning and development
Visiting shops, trade shows & fairs
Brainstorming
New ways for doing old things
Converting hobby into business
Utilizing waste material
Improving an existing product
-Identifies nature & context of business opportunities only if it exists.
-Approach to take to exploit opportunities
-Statement of firm’s goals & strategies : focus on important issues
-Identifies variables determining success/failures.
-Maximize potential returns through cash flows
-Expect opportunities in capital appreciation
Business Ideas
Recognize trends
Brainstorming
Implications of environment
Identify opportunities
Screening and elimination
Evaluation & SWOT analysis
Business opportunity
Simulation of Business Ideas
Cost reduction- Process, RM,Tax, Distribution
Productivity Improvement
Increase in capacity utilization
Improving contribution and margin- new segment/value addition/ new usage
Financing Schemes
Government sponsored programs and Agencies
Investment Companies
Innovative research programs
State and Central Government assistance
Financial Institutions / State Financial Corporations
Community financers
Large Corporations
Venture Capital firms
Stock sales
Private placement
Public issues
EGS schemes for educated unemployed
District Industries Centers
Sources of Ideas
Behavioural Patterns
Caste Origins
Time & Age of entry
Family background
Religious Background
Education and Technical know-how
Occupational background
Migratory character – immigrants
Type of industry started
Types of ownership preferred
– Sole owner, Partner/s
Influencers of entrepreneurial development
Focused on capital – new ideas, invention, capitalization
Scientific/ Technical Research –new products and projects
Government Policy –supportive
Training inputs –SISI, NIED to encourage new entrepreneurs
Conducive Environment –Awards
Sources of generating Business Ideas
Discussion with other people
Books, Magazines, Research Bulletins
Plan document, Government Publication,
Idea focus, Inventory Problems
Product Planning and development
Visiting shops, trade shows & fairs
Brainstorming
New ways for doing old things
Converting hobby into business
Utilizing waste material
Improving an existing product