Description
Enterpreneurship
INTRODUCTION
An entrepreneur is a person with a dream, originality and daring, who acts as the boss, who decides as to how the commercial organisation shall run, who co-ordinates all activities or other factors of production, who anticipates the future trend of demand and prices of products. The entrepreneur of every business enterprise tries to invent and introduces new ideas, a new product or a new process of some revolutionary machine and who, in general, carries out new activities in his business organisation. Hence the above factors make the role of entrepreneur an important in every business organisation. Peter Drucker defined entrepreneur, as “An entrepreneur is one who always searches for change, responds to it, exploits it as an opportunity. Entrepreneurs innovate. Innovation is a specific instrument of entrepreneurship.
ABOUT COMPANY
Naresh Pvt. Ltd. is one of the small size manufacturers and suppliers of PVC insulated wire and cables in India. They produce various ranges and sizes of wires like household electrical wire, television cables, engine wires and cables, machinery wires etc. Sandeep Gandhi started Naresh Pvt. Ltd. a trusted name engaged in the manufacture of various insulated wires and cables in the year 1993. Based in Thane, the company had faced and still has been facing competition. The company had invested around 50-60 Lacs to start this business at that time. Having experienced for around 12-13 years, Naresh Pvt. Ltd. is one of the small players in making wires. They strive to ensure that every product performs as per customer's expectations so that they achieve complete satisfaction and loyalty. The company is among those that do not believe in having a single supplier. It keeps varying its supplier depending upon the situation and the need. Over years, the company has created a position in the market that has helped it to amass a huge list of clients. The clients of the company are spread in many parts of the country.
ABOUT ENTREPRENEUR
Mr. Sandeep Gandhi is a skilled and talented person. He always wanted to become a businessman or an entrepreneur of company, which he fulfilled when he entered in the wire making business in 1993. He graduated as a mechanical engineer and wanted to work to get some field knowledge. Hence he worked at a lower level in a company as a factory supervisor. He got lot of knowledge about the machines and about handling the working process. He also learned about controlling the financial aspect. As he got promoted he started knowing about how to trade for buying of raw materials and other products from the seniors or the elders who were working. He worked for almost 5 years. After quitting the company Mr. Sandeep wanted to open a manufacturing unit. He got the idea of manufacturing insulated wire, which he presented in front of his father. He borrowed some money and a manufacturing unit at thane from his father. He also got a loan from the bank. With the help of his father and the knowledge he had acquired he started the company Naresh Pvt. Ltd. He started with one machine initially as and when the business grew he added more and more machines. Initially he faced many hardships. When the business was started he didn’t get many orders and also the profits available was very low but when people started knowing the product and its quality he started getting more and more orders.
The pricing of the product is basically depends on the customers type of order and its quality. If the quality ordered is of high quality then the price of the product is very high. Mainly the company’s promotion is basically by contacts or by word of mouth by the customer. Initially when the company was started, the promotion was done by getting contacts from friends and other people who were in the business. The company promotes its products through advertising in trade journals or participating in trade fairs. The company’s annual turn over is approximately around 1 crore. The accounts and other financial decisions of the company are handled by him. Mr. Sandeep has come a long way along with the company and has learnt lot of things with it. The company today is running very well without many problems. He also has many plans for expanding the business in other products in future but presently not thinking about it.
doc_529824509.doc
Enterpreneurship
INTRODUCTION
An entrepreneur is a person with a dream, originality and daring, who acts as the boss, who decides as to how the commercial organisation shall run, who co-ordinates all activities or other factors of production, who anticipates the future trend of demand and prices of products. The entrepreneur of every business enterprise tries to invent and introduces new ideas, a new product or a new process of some revolutionary machine and who, in general, carries out new activities in his business organisation. Hence the above factors make the role of entrepreneur an important in every business organisation. Peter Drucker defined entrepreneur, as “An entrepreneur is one who always searches for change, responds to it, exploits it as an opportunity. Entrepreneurs innovate. Innovation is a specific instrument of entrepreneurship.
ABOUT COMPANY
Naresh Pvt. Ltd. is one of the small size manufacturers and suppliers of PVC insulated wire and cables in India. They produce various ranges and sizes of wires like household electrical wire, television cables, engine wires and cables, machinery wires etc. Sandeep Gandhi started Naresh Pvt. Ltd. a trusted name engaged in the manufacture of various insulated wires and cables in the year 1993. Based in Thane, the company had faced and still has been facing competition. The company had invested around 50-60 Lacs to start this business at that time. Having experienced for around 12-13 years, Naresh Pvt. Ltd. is one of the small players in making wires. They strive to ensure that every product performs as per customer's expectations so that they achieve complete satisfaction and loyalty. The company is among those that do not believe in having a single supplier. It keeps varying its supplier depending upon the situation and the need. Over years, the company has created a position in the market that has helped it to amass a huge list of clients. The clients of the company are spread in many parts of the country.
ABOUT ENTREPRENEUR
Mr. Sandeep Gandhi is a skilled and talented person. He always wanted to become a businessman or an entrepreneur of company, which he fulfilled when he entered in the wire making business in 1993. He graduated as a mechanical engineer and wanted to work to get some field knowledge. Hence he worked at a lower level in a company as a factory supervisor. He got lot of knowledge about the machines and about handling the working process. He also learned about controlling the financial aspect. As he got promoted he started knowing about how to trade for buying of raw materials and other products from the seniors or the elders who were working. He worked for almost 5 years. After quitting the company Mr. Sandeep wanted to open a manufacturing unit. He got the idea of manufacturing insulated wire, which he presented in front of his father. He borrowed some money and a manufacturing unit at thane from his father. He also got a loan from the bank. With the help of his father and the knowledge he had acquired he started the company Naresh Pvt. Ltd. He started with one machine initially as and when the business grew he added more and more machines. Initially he faced many hardships. When the business was started he didn’t get many orders and also the profits available was very low but when people started knowing the product and its quality he started getting more and more orders.
The pricing of the product is basically depends on the customers type of order and its quality. If the quality ordered is of high quality then the price of the product is very high. Mainly the company’s promotion is basically by contacts or by word of mouth by the customer. Initially when the company was started, the promotion was done by getting contacts from friends and other people who were in the business. The company promotes its products through advertising in trade journals or participating in trade fairs. The company’s annual turn over is approximately around 1 crore. The accounts and other financial decisions of the company are handled by him. Mr. Sandeep has come a long way along with the company and has learnt lot of things with it. The company today is running very well without many problems. He also has many plans for expanding the business in other products in future but presently not thinking about it.
doc_529824509.doc