1 CHAPTER-1 2 INTRODUCTION Anentrepreneurisapersonwhopaysacertainpriceforaproducttoresellitatan uncertainprice,therebymakingdecisionsaboutobtainingandusingtheresourceswhile consequently admitting the risk of enterprise. Entrepreneurisapersonwhostartsanenterprise.Theprocessofcreationiscalled entrepreneurship.Theentrepreneuristheactorandentrepreneurshipistheact.Theoutcomeof theactorandtheactiscalledtheenterprise.Anenterpriseisthebusinessorganizationthatis formedandwhichprovidesgoodsandservices,createsjobs,contributestonationalincome, exports and overall economic development. Entrepreneurship is defined as a systematic innovation, which consists in the purposeful andorganizedsearchforchanges,anditisthesystematicanalysisoftheopportunitiessuch changes might offer for economic and social innovation. Entrepreneurshipisadisciplinewithaknowledgebasetheory.Itisanoutcomeof complexsocio-economic,psychological,technological,legalandotherfactors.Itisadynamic and risky process. It involves a fusion of capital, technology and human talent. Entrepreneurship isequallyapplicabletobigandsmallbusinesses,toeconomicandnon-economicactivities. Different entrepreneurs might have some common traits but all of them will have some different anduniquefeatures.Ifwejustconcentrateontheentrepreneursthentherewillbeasmany models as there are ventures and we will not be able to predict or plan, how and where, and when these entrepreneurs will start their ventures. 1.2 COMPETENCIES OF ENTREPRENEURS Entrepreneurialcompetenciesaretheskillsnecessaryforanentrepreneurtoventure into an enterprise. Organize and manage an enterprise ably and competently. Realize the goal for whichtheenterpriseisestablished.Thesecompetencieshelpandentrepreneurtosuccessfully entrepreneur into an enterprise.

3 There are ten entrepreneurial competencies that a would-be entrepreneur should possess: 1.Organizing ability Anentrepreneurshouldbewiseenoughinchoosingthepeoplewithwhomhewillwork.He mustchoosepeoplewhopossessskillsthatareneededfortheimprovementandsuccessofthe business. 2.Problem-solving ability Anentrepreneurshouldberationalratherthanemotionalinhandlingobstacles.Heisalsofirm enough when making decisions without hurting others. 3. Ability to absorb setbacks and recovery Analysisinabsorbingsetbacksandrecoveryofthebusinessareimportantcompetenciesofthe entrepreneur. Accepting and analyzing the difficulties encountered help in the improvement and success of the business. 4. Human relations ability Personalityfactorssuchasemotionalstability,personalrelations,sociability, consideration, and tactfulness are important contributors to the entrepreneur manager's success in small business. One of the most important facets of human relations is one's ability to put himself insomeoneelse'splaceandknowhowtheotherpersonfeels.Thisistheabilitytopractice empathy. Anentrepreneurmustmaintaingoodrelationswithhiscustomersifheistoestablisha relationshipthatwillencouragethemtocontinuetopatronizehisbusiness.Theycanbegiven personal consideration to fit their specific needs. It is because of them that business is producing productscontinuously.Anentrepreneurshouldbeabletohandlecustomercomplaintsdirectly. He must train his employees to maintain good customer relations. He must develop and maintain harmonious working relationships with his employees to make them perform their jobs at a high level ofefficiency.Thisrelationship will give him opportunity togaingreater understanding of their needs and wants. Problems can be worked out on a face-to-face basis. One problem is 4 incomethatsometimescannotsustainemployees'needs.Ifitispossible,givethembenefits, allowances, and the like. In this way, employees will cooperate to form an effective work team. 5. Communications ability Anentrepreneurshouldhaveanabilitytocommunicateeffectivelybothorallyandin writing.Communicationalsomeansthatboththesenderandthereceiverunderstandandare understood. The employee who tells his boss what he thinks his boss wants to hear rather than what he considers to be bad news is not really communicating. Lack of communication can result from differentwaysofdoingthings.Tooneperson,belongingtoacertainorganizationmaymean social acceptance. To another person, it may mean conformity for the sake of conformity. Words also have different meanings for different individuals. Effectivewrittencommunicationismuchmoredifficulttoachievethaneffectiveoral communication. For example, the teacher might walk into his class and in a pleasant voice, with asmile,say,"Thisclasscangojumpinthelake."Veryfewstudentswouldbeoffended, although they might be puzzled. On the other hand, if the instructor wrote the same message on theblackboardandleftitfortheclasstoread,hewouldprobablyreceiveawiderangeof reactions, from anger to amusement. Thesmallbusinessmanagerwhocaneffectivelycommunicatewithcustomers, employees, suppliers, and creditors will be more likely to succeed than the manager who can not. For example, a businessfirm may have agoodcustomer who hasforgotten to makea payment ontime.Itsendsoutaformletterthatsays,"Wehavenotreceivedyourmonthlypayment; pleaseremitatonce."Thebusinessfirmintendsonlytoremindthecustomer,however,the customermaytakeitasadunandanimplicationthatheisnotmeetinghisdebts.Some individuals may be offended enough to stop trading with the business, and the firm would never know why. 5 6.Ability to make sound decisions and to take full responsibility for decisions made Anentrepreneuristheleader,theboss.Allthoseunderhimaredependentonthe decisions he makes. Thus, he should have a sound judgment which will be fair to all. 7. Persistence and patience to wait until the business really becomes successful Failure in running a business is not an obstacle for entrepreneurs. It will instead be a challenge to their abilities to handle it. Searching for the best way to succeed is a necessary skill for them. 8.Technical knowledge on how to operate the business Abasicknowledgeinhandlingabusinessisnecessaryforentrepreneursinordertobeableto organize and manage a business. 9.Sense of independence and self-confidence Anentrepreneurshouldhavetrustinhimselfandinhiswork.Hissoundjudgment,self-confidence, and independence in his job will enable him to succeed. 10.Good health and enthusiasm An entrepreneur who is physically as well as mentally fit would have a good chance of success. He will be able to grapple with the problems in the business. 1.3 ENTREPRENEURIAL PROCESS Entrepreneurialprocesscanbedefinedastheprocessthroughwhichanewventureis createdbyanentrepreneur.Thisprocessinvolvesfinding,evaluating,anddevelopingan opportunity by overcoming the strong forces that resist the creation of something new. Steps in entrepreneurial process The process has four distinct phases: 1)Identification and evaluation of the opportunity, 2)Development of the business plan, 3)Determination of the required resources ,and 4) Management of the resulting enterprise 6 Phase-1: Identify and evaluate opportunity:- Opportunityidentificationistheprocessbywhichanentrepreneurcomesupwiththe opportunity for a new venture. Opportunity identification and evaluation is a very difficult task. Mostgoodbusinessopportunitiesdonotsuddenlyappear,butratherresultfroman entrepreneurs alertness to possibilities or, in some cases, theestablishment of mechanisms that identify potential opportunities. Phase-2: DevelopBusinessPlan:Abusinessplanisthewrittendescriptionofthefuture directionofthebusiness.IthelpsentrepreneurinPuttingIdeastogetherandPreparingB-Plan Draft Agoodbusinessplanmustbedevelopedinordertoexploitthedefinedopportunity.Thisisa verytime-consumingphaseoftheentrepreneurialprocess.Anentrepreneurusuallyhasnot preparedabusinessplanbeforeanddoesnothavetheresourcesavailabletodoagoodjob.A goodbusinessplanisessentialtodevelopingtheopportunityanddeterminingtheresources required, obtaining those resources, and successfully managing the resulting venture Phase3: Determine the resources required Assessingtheresourcesneededstartswithanappraisaloftheentrepreneurspresentresources. Any resources that are critical must be distinguished from those that are just helpful. Care mustBetakennottounderestimatetheamountandvarietyofresourcesneeded.Theentrepreneur should also assess the downside risks associated with insufficient or inappropriate resources. The next step in the entrepreneurial process is acquiring the needed resources in a timely manner while giving up as little control as possible. An entrepreneur should strive to maintain as large an ownership position as possible, particularly in the start-up stage. As the business develops, more funds will probably be needed to finance the growth of the venture, requiring more ownership to be relinquished. The entrepreneur also needs to identify alternative sup-pliers of these resources alongwiththeirneedsanddesires.Byunderstandingresourcesupplierneeds,theentrepreneur can structure a deal that enables the resources to be acquired at the lowest possible cost and with the least loss of control Phase4: Manage the enterprise Afterresourcesareacquired,theentrepreneurmustusethemtoimplementthebusinessplan. Theoperationalproblemsofthegrowingenterprisemustalsobeexamined.Thisinvolves 7 implementingamanagementstyleandstructure,aswellasdeterminingthekeyvariablesfor success.Acontrolsystemmustbeestablished,sothatanyproblemareascanbequickly identifiedandresolved.Someentrepreneurshavedifficultymanagingandgrowingtheventure they created. 1.4 ENTREPRENEURSHIP IN INDIA WhenthinkingaboutentrepreneurshipinIndia,itishardnottofocusonnameslikeTata, Ambani,Premji, and Murthy. These pioneers of Indian industry have not only globalized Indian business firms, but they have also helped to pave the way for a new generation of entrepreneurs. Their examples, along with a very deliberate effort by new networks of professionals, are slowly but surely leading to a growing number of start-ups across a range of industries. Entrepreneurship is vital to a vibrant, growth-oriented economy, and this is no less true in India, wheretheeconomyhasgrownsharplysincethereformsoftheearly1990s.Indiahastwo distinct advantages in terms of creating new entrepreneurs and start-ups at this particular time: it isfacingasurgeinitsworking-agepopulation,whentherestoftheworldisconfrontingan aging citizenry; and it is able to leapfrog entire decades because of technology. Indias high rate of economic growth (averaging over 7 percent annually) can only be sustained if approximately 1 million jobs are created per month. If India can, in the next decade, provide its nextgenerationwiththeeducationandtrainingforentrepreneurialventures,itwillnotonly createthejobsnecessarytostayonagrowthtrajectory,itwillfostermorestart-ups,accelerate growth,andspawncreativeindustriesforthebenefitofmillions,includingformanyresiding outside India. 1.5 OBJECTIVE OF THE PROJECT The primary objectives of the program are to: Providetheknowledge,skillsandattitudesinentrepreneurshipskillstrainingin entrepreneurship skills training in the Vocational and Technical education training that will best meet the Ghanaian economyDevelop positive attitude towards selfemployment, judicious use of material and time in classandonthefield.Identifylegalissuesaffectingdevelopment,ownershipand operation of commercial property. 8 Understand strategies to manage and/or exit from distressed properties. Addressing the development challenges that start-ups face. Build skills needed to create high-value technology companies. Analyze prospective venture capital investments. Work in an entrepreneurial firm with instructor coaching. In-depth research regarding a specific business opportunity. Opportunity identification & evaluation. Steps required to start a business. Creativity techniques at the individual and organizational level to identify and capitalize on innovative opportunities. Developskillstotranslatepatentsandotherintellectualpropertyintoviablebusiness opportunities. Analytic techniques to determine highest and best use of property. Understand venture capital and angel investor funding criteria and contractual terms. 9 CHAPTER-2 10 COMPANY PROFILE 2.1 DESCRIPTION OF THE ENTERPRISE Plastechisafastgrowingconcern,manufacturingPetPreformstobeusedinthe manufactureofPetBottlesforvariousapplications.Theconcernwasestablishedintheyear 18.11.2004. The raw material used for the manufacture of performs is Polyethylene Terephthalate and isprocuredformM/s.RelianceIndustriesLtdandSouthAsianPetrochemLimited.Therehas been no shortage of material from the date of inception till this day. Thequalityofthemachineryinstalledisalsoveryhigh.Allmachinesarefrom FERROMATIC MILACRON India Limited. The various types of performs manufactured are of 13Gms,14Gms,19Gms,22Gms,24Gms,25Gms,33Gms,38Gms,40Gms,43Gms,47 Gms, 56 Gms, and 110 Gms weight. Preforms of weight 14 Gms, 21 Gms, 34 Gms, 38 Gms, are manufacturedforbothliquorandwaterpackagingpurpose.Theperformsareofverygood quality and the total production capacity of the unit is 6000 Kgs of Performs every day. The labour force in the factory is well trained, and the quality of the work is exceptional. Moreoverthepromoterisatechnocrat.Sri.S.Sivakumarisagedabout35years,andisa graduateinIndustrialEngineeringandmanagement(BE)andapostgraduateinmanufacturing engineering from the University of Texas in the USA. He has post qualification work experience atM/s.TitanPlasticGroup,Michigan,USA.Therehehadsufficientworkexperiencein production and management. 11 PET PREFORM DETAILS ITEM NOMOULDITEM DESCRIPTIONNECK DIA (MM) NOS.WATER 01P-24013 GMS ALASKA28 MM 02P-64419.GMS ALASKA28 MM 03P-09521 GMS ALASKA28 MM 04P-047A34 GMS ALASKA28 MM 05P-047 C38 GMS ALASKA28 MM 06P-241110 GMS ALASKA46 MM PCO 01P-66513 GMSHOTFILL28 MM 02P-66513 GMSSODA28 MM 03P-66513 GMS SHORT NECK28 MM 04P-177 B23 GMSHOT FILL28 MM 05P-177 B23 GMSSODA28 MM 06P-177 A25 GMSHOTFILL28 MM 07P-177 A25 GMS SODA28 MM LIQUOR 01P-57814 GMS LIQUOR25 MM 02P-67519 GMS LIQUOR25 MM 03P-177 B22 GMS LIQUOR28 MM 04P-177 A24 GMS LIQUOR28 MM 05P-047 B31 GMS LIQUOR28 MM 12 06P-047 A33 GMS LIQUOR28 MM 07P-690 B37 GMS LIQOUR30 MM 08P-690 A40 GMS LIQOUR30 MM 09P-048 B42 GMS LIQOUR30 MM 10P-048 C47 GMS LIQOUR30 MM 11 56 GMS LIQOUR30 MM PRODUCTS AND SERVICES: PET PREFORMS SHORT TERM AND LONG TERM AIM OF BUSINESS oThere is no short term goal. They only focus on long term business based on production Introduction of new advanced technology machinery and equipment 13 2.2 BUSINESS MODEL Process flow chart Raw Material Dehumidification Feeding of Raw Material intoinjection moulding machine Melting of raw material at 300 Degree Fixing the necessary mould inmachine Injection ofmolten plastic into the mould Immediate cooling ofmolten materialat 19 degree C Ejection of preform from mould Quality Checking Counting & packing. 14 CHAPTER-3 15 FUNCTIONAL AREAS 3.1MARKET ANALYSIS:- A market analysis studies the attractiveness and the dynamics of a special market within a specialindustry.Itispartoftheindustryanalysisandthusinturnofthe global environmental analysis. The market analysis is also known as a documented investigation of amarketthatisusedtoinformafirm'splanningactivities,particularlyarounddecisionsof inventory,purchase, workforce expansion/contraction,facilityexpansion,purchasesof capital equipment, promotional activities, and many other aspects of a company. Target market:- Their target market is forCAVIN KARE PVT LTD., DAILY FRESH FRUITS INDIA PVT LTD D.MARIAPPAN (SIBI) EASA EXPORT EMPEE DISTILLERIES LTD FORTUNE CONTAINERS GEO PLASTICS JAYAPRAKASH (KANSAS) JOHN POLYMERS KEEPS PET POLYMERS KERA INDUSTRIES NEW FREAH COMPANEY PAVO BAKELITE INDUSTRIES PELICAN POLYMERS PODARAN FOODS INDIA P LTD RAAJ POLYMERS ROSEPET SABARIES.D 16 STAR PET SUN POLYMERS SUPREME POLYMERS SUYAZ EXPORT INDIA P.LTD SUYAZ IMPEX S.V.TRADING UDI SALES PVT LTD Total market size for the product/ service:- The population from theTamil Nadu , Kerala & Andhra Pradesh Profile of competitors:- SIBI Polimer Business Type:Manufacturer / Exporters / Wholesale Suppliers Year ofEstd. :1991 Website :http://www.sibipolymers.com Sibi Polimersare the pioneers of manufacturing in plastic components. Company is more than two decades old.Clients are situated in all over India. Some of reputed clients are Bisleri , Sabol, CRI Pumps, Suguna Pumps, Aavin . Now they are looking forward to enter the global market. 17 Competitive advantage 1)Reasonable price 2)Customer Satisfication 3)Goodafter sale service 4)Prompt delivery schedule 5)Competitive prices 6)Stringent quality checks. Benefits to clients/ Customers 1)Theyanticipatetheneedsofconsumersandaccordinglyassemblegoodsofdifferent varieties. Thus they satisfy their demands and provide them a wide choice of goods. 2)They even act as an advisor and guide to the consumers by bringing new products to their notice and educating them about its diverse uses. 3)Theykeeptheconsumersinformedaboutthechangingtrendsinthemarketaboutthe different varieties of products. 4)Theyalsoprovideotherservicestotheconsumerssuchasfreetransport,aftersales services, credit facility etc. 5) They communicate the needs and desires of consumers to the manufacturers. 6) They may also perform storage function by keeping stocks of goods. 3.2 MARKETING/SALES STRATEGY:- Marketing strategy:- 1)Public relations 2)Location promotion 3)Social networking 4)Pricing 5)Packaging 6)Delivery on time 18 Pricing:- Basedontheproductioncost,labourexpenses,transportationchargesandquantityofthe product the MRP is fixed by the company as they are dealers the product are sold at a reasonable price. The products manufactured by the business itself such as hollow blocks and rings are said to be priced by the entrepreneur himself by reference of his competitors and the existing price for the product in the market. Advertising Promotion: Sri.S.K.Sivasubramaniam is a renowned agriculturist and an enterprisingperson . He aimed goodeducationtohisfamilymembersanddevelopedhisfamilythroughagriculture.Hisson, Mr.S.Sivakumar one of the partner, is an engineering graduate. This partner was key to promote thisindustryinthehmetownandhisownlandbut,duetoinfrastructuralrequirementandthe existence of cluster of the end users in pollachi , the unit had taken its birth at Pollachi which is closer to their home town. 3.3 STAFFING AND OPERATIONS Managing the organizationMr. S.Sivakumar HR managerMr. S.Sivakumar Finance ManagerMr.T.Muruganatham InventoryMr.T.Marimuthu System OperatorMrs.S.Prezeedha 19 SupervisorMr.K.Senthil Kumar Operation & ProductionMr.T.Dharmalingam MarketingMr.Govindaraj ORGANISATIONAL STAFFING CHART ENTERPRENEUR GENERAL MANAGER FINANCIAL MANAGER PURCHASE MANAGER SALES MANAGER INVENTORY CONTROL MANAGER SYSTEMS OPERATOR SUPERVISOR WORKERS 20 Itisthewholesalerandretailerdistributionofproductsandservices.Sotheproductsare procurement form various companies they act as a dealers, the company has many load man for helping in storing the goods in warehouse The employee receive salary starts fromRs. 5400 to 20,000 Their working time is 24/7 ( On Basis of Shift) -Since its Continuous production process it work 24/7 Theyprovidefreeteaandsnacksmorningandeveningfortheemployeesandalso providelunch when they work over time

Purchase- source, process, documents

21 StarpetTradingPvt.Ltd.isaleadingIndianCompanyinImports,Exportsand Distribution. We are one of the largest sourcing agents from China, Russia, CIS, Middle East and Far East Countries for various products like Plastic Raw materials , Chemicals &Intermediates since almost one decade. We will be happy to receive your inquiries for your requirements. MANAGING DIRECTOR:MR. JASVINDER SINGH PRODUCTS DEALT WITH:Primarily we are dealing in Imported Plastic Raw Materials of PET, EVA, HDPE, LDPE, LLDPE, Polycarbonate, etc. PRODUCT APPLICATIONS: PETisusedinthemanufactureofperformsbytheInjectionMoldingProcess. SubsequentlybytheBlowMoldingprocess,theperformsareconvertedtoBottles&Jars widely used in packaging of Food Products, Pharmaceuticals, Pesticides, etc. PVC is mainly used in the manufacture of Pipes & Sanitary fitting and enjoys a huge market. EVA is used by the Footwear Industry to manufacture Footwear. Polycarbonate is used to make Recordable Compact Discs & Dvd's, 20 Litre Jars for mineral/packaged drinking water, etc. Products : 1. Plastic Raw Materials : ABS RESIN POLYETHYLENE HDPE POLYPROPYLENE PVC LDPE 22 LLDPE NYLON 6.6 EVA POLY CARBONATE SAN PET 2. Pet Chips : PET Chips, also known as Polyester Chips or Polyethylene Terephthalate Chips is the base of any type of plastics & polymer. Depending on the processing, PET may exist both as an amorphous (transparent) commonly known as Bright or Super Bright Chips and as a semi-crystalline material commonly known as PET Semi-Dull Chips.PET Chips are also used to make PET Film. High quality chips without Silica & CiO2 contents are used to make PET Film.

3. Polymers : Starpet has a long-standing commitment to the polymer production industry. Throughout the years, we have been at the forefront of offering producers the ability to work with the most innovative high purity hydrocarbon products, affording greater manufacturing efficiency and higher quality finished products. 23 VineeetEnterprisesareareputedManufacturer,Trader,Supplierand Wholesaler/DistributorofHomeSupplies&Equipment.Thehugerangeofproducts,which includes Cutlery Holder, Bottle Stand, Fruit Basket, Cup Holder, Computer Fan Cover and many more have been successfully meeting the requirements of our esteemed customers. High quality products are made out of finest quality raw materials, which makes our range highly durable in nature.Thesearewidelyusedinhouseholds,hotels,etc.,andhaveprovedtobeveryeffective. They are a client centric enterprise, therefore, they carry all our operations completely according to the requirements of our clients. Business TypeManufacturer, Supplier, Wholesaler/Distributor Products Kitchen Basket Kitchen Wire Racks S.S Kitchen Accessories Fryer Basket Fruit Basket Bottle Stand Cutlery Holder Garment Hooks Cup Holder Steel Products Kitchen Shelves Commercial Kitchen Accessories Computer Fan Cover 24 Inventory ans Storing The products are stored in warehouse with proper store facilities. So the products are not damagedinrainyseason,summeranditisdistributedtothecustomeratthegoodquality without any damaged and goods delivered on time. OperationProcess Process 1: Raw Material Dehumidification 25 Process 2: Inject Moulding Machine The machine has three parts 1.Heating compartments 2.Die fixing section 3.Clamping section 26 Process 3:Chilling Plant Process 4: Cooling Water Process 5: Counting Process 6: Packing 27 3.4 FINANCE Sources of funding At the starting time of business they got funds from Most of the initial investment is the entrepreneurs capital amount. Loan from banks- Term Loan Working Capital Accounting maintenance 1.TheaccountshavebeenmaintainedthroughaComputerisedSoftware(TALLY)bythe entrepreneur and the cash and product flows are recorded as it happens 2. They properly maintain the internal and external audit 3. The account is reviewed periodically INCOME STATEMENT

SALES PURCHASE ADD INCOME EXPENSESPROFIT 28 CHAPTER-4 29 DIALOGUE WITH ENTREPRENEUR INTERVIEW 1.What inspired you to start the business? My interest and desire to become an entrepreneur led myto start my business. 2.What is unique about your business? ItsSecond unit of its kind. We are unique due to 100% Quality Check. 3.What are the important competencies for an Entrepreneur? Interest, Time management and sincere involvement in the business 4.Do you think formal education is necessary to succeed as an entrepreneur? Yes,withouteducationwewouldbelackinginsomeskills.Soeducationis necessary. 5.Does your company help the community where it is located? Allourworkforcebelongtothelocalcommunity.Wegivespecialdiscountto local customers. 6.What do you considered to be your greatest achievement? HailingfromAgriculturalBackground.IchoosetobecomeanEngineerwitha Master Degree whichI completed in US. I always wanted to start manufacturing unit in my local town. This I considered greatest achievement. 7.Whatthreepiecesofadvicewouldyougivetoayoungentrepreneurstartingouttoday? Vission Self Confidence Never say die Attitude 8.Explainyour average workdayAn average workday starts at 9am. 30 s The customers are looked to in the business. The employees and workers are monitored. By afternnon he used to visit NGM College as treasure Evening he used to look after his agricultural landReviewing the work at the end of the day. Closes the work at 9pm

9.What entrepreneurial hacks have you developed t stay focused & productive in your day-to-day Simplicity and Simplify Problems 10. Whatarethethingsthatyoulikebestinyourbusinessandwhatarethemost worrisome aspects? I want to give my best of everything to survive and sustain in this business. I like working hard continuously for my business. 11. Is it possible to be ethical and honest in business? We must be ethical to sustain in the market always. 12. Would your children continue your business? Thisdecisionisentirelyuponthemtodecide.ButiftheyarewillingIwilllet them continue with guidance given by me. 31

CHAPTER-5 32 SWOT Analysis STRENGTH Their company is located in the udumalai road, which is the biggest strength for PLASTECH.1) They havinggood financial background andgood relationship with their customers and dealers. 2)They have contact with their dealers.3)Reasonable price for the product4)Delivery on time Computerized accounts and transactions. WEAKNESS OPPORTUNITIES 1)They are having good scope to extend their business like having more branches to serve their customers. 2)Theycanbetheleadingwholesalerandretailercompany,iftheyhavegoodcustomer service in their future. 3)Expand in product variations THREATS: 1)Unhealthy competition 33 CHAPTER-6 34 SUGGESTIONS Since the business has become stable further expansions can be made in the business. More number of advertisements has to be given more to increase sales. Business should build a trade mark. Business can be expanded to other regions through branches also. Marketing of the products and the business itself can be given more focus. Itcanconcentratemoreonitsmanufacturingproductssideashollowblocksandrings can give more branding and name to the business. Since moulding, welding, carrying of molten metal and workings under several machines, the workers needed to wear glows and shoes for safety purpose There is no website for the company so they could start up their new website Workers should be trained to operate machines. 35 CHAPTER-7 36 TASK DONE: I help them for creating websites Entering the details of products in database REFLECTIVE LEARNING 1)Tobethenumberoneinthespecifiedarea;thatpersonhavetoanalyzethatfield thoroughly before starting the business. 2)Theveryimportantpointistoknowtheircustomersandtheirneedsthenhehaveto satisfy them effectively. 3)I learnt about the opportunities for an aspiring entrepreneur in the Management field. 4)We have to fix our target point very carefully and we do not change our goals repeatedly. 5)Communicate with their employee are so good and get work them. 6)Before starting a business more things are needs to be learnt 7)Never say die attitude 8)Education play role for planning and executing the task. 9)The business idea should be clear, in fact very clear. We should have that attitude to look outside the square. We should possess leadership skills to lead an organization.10) Location is important while start of business. 37