Description
Love a challenge and are driven by a need to challenge one’s self - Self motivated High tolerance for ambiguous, unstructured situations. Possess a desire for change and constant improvement
.
ENTREPRENEURSHI P
DEVELOPMENT
ENTREPRENEURSHI P
A purposeful activity to initiate and
develop a profit oriented business.
ENTREPRENEUR
¨Generally, any person starting a new
project or trying a new opportunity.
¨An entrepreneur is an individual
who accepts financial risks and
undertakes new financial ventures.
¨Some one who initiates and actively
operates an entrepreneurial venture.
Qualities of entrepreneur / Skills
Needed
Personal Qualities:
¨ Love a challenge and are driven by a need to
challenge one’s self - Self motivated High
tolerance for ambiguous, unstructured situations
¨ Possess a desire for change and constant
improvement
¨ Action oriented, Dedicated to work, Creative and
Confident
¨ Think positively and quickly get over failures
¨ Learn quickly, enjoy feedback and are able to
learn from mistakes
¨ Both listen and communicate well
Qualities of entrepreneur / Skills
Needed
Physical and Psychological Qualities
¨Ample health and energy
¨Emotional stability
¨Money – enough to start the business
¨Time – A business requires a lot of time and
attention, especially during its launch
¨Influence from entrepreneurial role models
¨Personal intelligence
Qualities of entrepreneur / Skills
Needed
Managerial Skills:
¨ Able to set realistic attainable measurable and
tangible goals
¨ Love to take risks – but not foolish
¨ Able to exert influence and inspiration on others
without a need to impose status or power
¨ Able to get along with all types of people
¨ Possess good communication skills
¨ Possess general financing, production,
administration, human resources, sales, marketing
skills, accounting and managing growth
General Six Qualities that make
an Entrepreneur
¨Dreamer – A big idea of some thing can be
better and different
¨Innovator
¨Passionate - Expressive
¨Risk taker
¨Committed Worker
¨Continuous Learner
How do you come with good
business idea
1. Adverts / Agents
2. Availability of Local resources
3. Opportunity spotting or watching out for
business
4. Improving the existing or traditional
routes – Eg. Father’s Business/ traditional
family business
Identification of the Project
¨The Idea or Need
¨Realizing the Opportunity
¨Engaging the idea or opportunity – The
person who makes things happen exploring
the opportunity to build something of value
Resources – P R O F I T
¨ Physical Resources – Firm’s plant, equipment,
amenities available at that location
¨ Reputational Resources – Brand loyalty
¨ Organizational Resources – Formal or informal
planning, decision making and reporting system
¨ Financial Resources – Represents money assets.
¨ Intellectual and Human resources –knowledge,
training and experience of the entrepreneur and
the team. It includes creativity, vision and
intelligence
¨ Technological Resources – labs, R&D facility,
testing and QC Technologies.
Market Research
To know
¨availability of raw materials
¨current needs of the consumer/customer
¨legal procedure and physical resources
¨technical knowledge about products
¨competitors (strengths, weaknesses,
marketing strategy and their customers)
Points to be remembered while
doing the market research
1. Get your hands dirty : do it yourself
2. Focus on the quality of research rather than
quantity
3. Be prepared and flexible in undertaking research
4. Use an interactive approach
5. Even if you are excited, do not lead the witness
6. Be prepared to change the product or service
7. Do not get frustrated at the lack of data
8. Realize that you also learn after initial
introduction
Structured learning and experiences
including formal education and training
Inborn talent and
temperament
Excellence or
successful
Unstructured learning and experience
Developed talent
Managed temperament
Imparted technique
How the entrepreneur can become successful in her work
Project Proposal
¨ Name of the enterprise
¨ Introduction about the enterprise
¨ Details about the entrepreneur – Name, Age,
Educational Qualification, Experience, Details
about the Technical Skill Training, etc.,
¨ Opportunities for new ventures
¨ Details about the Place of enterprise
¨ Details about the Equipments, EB, Raw materials,
Technical details, Human resources,
Miscellaneous items for production and Product
production details.
¨ Entrepreneur’s Marketing strategy
Cont…
Project Proposal
¨ Project Estimation
¨ Fixed Capital (A)– details, Nos and Rate in Rs.
¨ Working Capitals(B) - details, Nos and Rate in Rs.
¨ Total Capital – (A) + (B)
¨ Source of Finance – Personal, Loan, Marginal
amount and subsidy
¨ Production Expenditure
¨ Sales Income
¨ Net Profit = Sales Income – Production Expenditure
¨ Repayment of Loan – No. of Installments, Monthly
Repayment amount and Interest rate.
Financial Institutions
¨ State financial Corporations (SFCs)
¨ National Small Industries Corporation (NSIC)
¨ State Small Industries Corporation (SSIC)
¨ Commercial Banks
¨ Small Industries Development Bank of India (SIDBI)
¨ District Industries Centre (DIC)
¨ TAHDCO – for SC/ST
¨ CODISSIA – Coimbatore
(http://www.codissia.com/index.html)
¨ Small Industries Dept, Tamil Nadu
(http://www.tn.gov.in/gorders/sind-e-44-2004.html)
¨ Micro Credit – NABARD, SIDBI, GOI (Various Dept.),
State Government, Leading Associations and NGOs
Skill Training Institutions -Tamil Nadu
¨ Centre for Entrepreneur Development
(http://www.ced-tamilnadu.org)
¨ Indian Institute of Entrepreneurship
(http://www.iie.nic.in)
¨ Entrepreneurship Development Institute of India
(EDI), (http://www.ediindia.org)
¨ Avinashilingam Janshikshan sansthan, CBE
¨ All Community Polytechnics
¨ Small Industries Service Institutes(Chennai,
Coimbatore and Tuticorin),
(http://exim.indiamart.com/sisi-network/sisi-
chennai.html)
Skill Training Institutions -Tamil Nadu
¨ Dr.Ambedkar Self Employment Training Institute
(www.coimbatore.net/education/aseti.html)
¨ TAHDCO – for SC/ST
¨ CODISSIA – Coimbatore
(http://www.codissia.com/index.html)
¨ Small Industries Dept, Tamil Nadu
(http://www.tn.gov.in/gorders/sind-e-44-
2004.html)
¨ Dept.of Science and Technology, Government of
India (http://dst.gov.in/about-us/ar03-
04societal.pro.htm)
Are you an “Entrepreneur”
First answer the following Question
¨ I get my greatest satisfaction from accomplishing goals I
set
¨ I am a self starter. I don’t need to be pushed
¨ I am willing to work hard to accomplish my goals
¨ I am persistent
¨ I like to build teams to work toward a common goal
¨ I am self confident. I know who I am and what I can do
¨ I am willing to take risks
¨ I am an active learner
¨ I treat failure as part of learning process
¨ Once I get started I am committed to achieve my goals
I f you answered ‘yes’ to most of these statement, you have
the potential of a successful entrepreneur
doc_268826198.pdf
Love a challenge and are driven by a need to challenge one’s self - Self motivated High tolerance for ambiguous, unstructured situations. Possess a desire for change and constant improvement
.
ENTREPRENEURSHI P
DEVELOPMENT
ENTREPRENEURSHI P
A purposeful activity to initiate and
develop a profit oriented business.
ENTREPRENEUR
¨Generally, any person starting a new
project or trying a new opportunity.
¨An entrepreneur is an individual
who accepts financial risks and
undertakes new financial ventures.
¨Some one who initiates and actively
operates an entrepreneurial venture.
Qualities of entrepreneur / Skills
Needed
Personal Qualities:
¨ Love a challenge and are driven by a need to
challenge one’s self - Self motivated High
tolerance for ambiguous, unstructured situations
¨ Possess a desire for change and constant
improvement
¨ Action oriented, Dedicated to work, Creative and
Confident
¨ Think positively and quickly get over failures
¨ Learn quickly, enjoy feedback and are able to
learn from mistakes
¨ Both listen and communicate well
Qualities of entrepreneur / Skills
Needed
Physical and Psychological Qualities
¨Ample health and energy
¨Emotional stability
¨Money – enough to start the business
¨Time – A business requires a lot of time and
attention, especially during its launch
¨Influence from entrepreneurial role models
¨Personal intelligence
Qualities of entrepreneur / Skills
Needed
Managerial Skills:
¨ Able to set realistic attainable measurable and
tangible goals
¨ Love to take risks – but not foolish
¨ Able to exert influence and inspiration on others
without a need to impose status or power
¨ Able to get along with all types of people
¨ Possess good communication skills
¨ Possess general financing, production,
administration, human resources, sales, marketing
skills, accounting and managing growth
General Six Qualities that make
an Entrepreneur
¨Dreamer – A big idea of some thing can be
better and different
¨Innovator
¨Passionate - Expressive
¨Risk taker
¨Committed Worker
¨Continuous Learner
How do you come with good
business idea
1. Adverts / Agents
2. Availability of Local resources
3. Opportunity spotting or watching out for
business
4. Improving the existing or traditional
routes – Eg. Father’s Business/ traditional
family business
Identification of the Project
¨The Idea or Need
¨Realizing the Opportunity
¨Engaging the idea or opportunity – The
person who makes things happen exploring
the opportunity to build something of value
Resources – P R O F I T
¨ Physical Resources – Firm’s plant, equipment,
amenities available at that location
¨ Reputational Resources – Brand loyalty
¨ Organizational Resources – Formal or informal
planning, decision making and reporting system
¨ Financial Resources – Represents money assets.
¨ Intellectual and Human resources –knowledge,
training and experience of the entrepreneur and
the team. It includes creativity, vision and
intelligence
¨ Technological Resources – labs, R&D facility,
testing and QC Technologies.
Market Research
To know
¨availability of raw materials
¨current needs of the consumer/customer
¨legal procedure and physical resources
¨technical knowledge about products
¨competitors (strengths, weaknesses,
marketing strategy and their customers)
Points to be remembered while
doing the market research
1. Get your hands dirty : do it yourself
2. Focus on the quality of research rather than
quantity
3. Be prepared and flexible in undertaking research
4. Use an interactive approach
5. Even if you are excited, do not lead the witness
6. Be prepared to change the product or service
7. Do not get frustrated at the lack of data
8. Realize that you also learn after initial
introduction
Structured learning and experiences
including formal education and training
Inborn talent and
temperament
Excellence or
successful
Unstructured learning and experience
Developed talent
Managed temperament
Imparted technique
How the entrepreneur can become successful in her work
Project Proposal
¨ Name of the enterprise
¨ Introduction about the enterprise
¨ Details about the entrepreneur – Name, Age,
Educational Qualification, Experience, Details
about the Technical Skill Training, etc.,
¨ Opportunities for new ventures
¨ Details about the Place of enterprise
¨ Details about the Equipments, EB, Raw materials,
Technical details, Human resources,
Miscellaneous items for production and Product
production details.
¨ Entrepreneur’s Marketing strategy
Cont…
Project Proposal
¨ Project Estimation
¨ Fixed Capital (A)– details, Nos and Rate in Rs.
¨ Working Capitals(B) - details, Nos and Rate in Rs.
¨ Total Capital – (A) + (B)
¨ Source of Finance – Personal, Loan, Marginal
amount and subsidy
¨ Production Expenditure
¨ Sales Income
¨ Net Profit = Sales Income – Production Expenditure
¨ Repayment of Loan – No. of Installments, Monthly
Repayment amount and Interest rate.
Financial Institutions
¨ State financial Corporations (SFCs)
¨ National Small Industries Corporation (NSIC)
¨ State Small Industries Corporation (SSIC)
¨ Commercial Banks
¨ Small Industries Development Bank of India (SIDBI)
¨ District Industries Centre (DIC)
¨ TAHDCO – for SC/ST
¨ CODISSIA – Coimbatore
(http://www.codissia.com/index.html)
¨ Small Industries Dept, Tamil Nadu
(http://www.tn.gov.in/gorders/sind-e-44-2004.html)
¨ Micro Credit – NABARD, SIDBI, GOI (Various Dept.),
State Government, Leading Associations and NGOs
Skill Training Institutions -Tamil Nadu
¨ Centre for Entrepreneur Development
(http://www.ced-tamilnadu.org)
¨ Indian Institute of Entrepreneurship
(http://www.iie.nic.in)
¨ Entrepreneurship Development Institute of India
(EDI), (http://www.ediindia.org)
¨ Avinashilingam Janshikshan sansthan, CBE
¨ All Community Polytechnics
¨ Small Industries Service Institutes(Chennai,
Coimbatore and Tuticorin),
(http://exim.indiamart.com/sisi-network/sisi-
chennai.html)
Skill Training Institutions -Tamil Nadu
¨ Dr.Ambedkar Self Employment Training Institute
(www.coimbatore.net/education/aseti.html)
¨ TAHDCO – for SC/ST
¨ CODISSIA – Coimbatore
(http://www.codissia.com/index.html)
¨ Small Industries Dept, Tamil Nadu
(http://www.tn.gov.in/gorders/sind-e-44-
2004.html)
¨ Dept.of Science and Technology, Government of
India (http://dst.gov.in/about-us/ar03-
04societal.pro.htm)
Are you an “Entrepreneur”
First answer the following Question
¨ I get my greatest satisfaction from accomplishing goals I
set
¨ I am a self starter. I don’t need to be pushed
¨ I am willing to work hard to accomplish my goals
¨ I am persistent
¨ I like to build teams to work toward a common goal
¨ I am self confident. I know who I am and what I can do
¨ I am willing to take risks
¨ I am an active learner
¨ I treat failure as part of learning process
¨ Once I get started I am committed to achieve my goals
I f you answered ‘yes’ to most of these statement, you have
the potential of a successful entrepreneur
doc_268826198.pdf