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EASY PHONES FOR YOUR
LOVED ONES
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ABSTRACT
The New Generation uses mobile phones in a wide range, which are well acquainted
with the technologies being used and the facilities available in it. But think of the old
which are not so much smart to exploit it. Lets give them a chance to use the basic
facilities like dialing a call from a person and receiving a call from a person. The
motive behind this project is to fulfill these main needs in an easier way for the senior
citizens and foe the physically disabled.
2
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ACKNOWLEDGEMENT
Completing a job has never been an easy go for a single person; often it is the result of
invaluable contributions from individuals in the surrounding in a direct or indirect
manner.
I am deeply grateful to my advisor Mr.Jagannath Mohanty for having been a
constant source of encouragement for my Business Plan Report on Easy Phones for
Your Loved Ones.
In my association with my guide for this purpose, I experienced not only his in-depth
knowledge but also his affection towards me. I would like to thank all my friends who
have helped me for successful completion of my report.
Finally I thank Dr. Sangram Mudali, for his continued drive for better quality in
everything that happens at NIST. This report is a small contribution towards the
greater goal.
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TABLE OF CONTENTS
ABSTRACT ................................................................................................................... 2
ACKNOWLEDGEMENT ............................................................................................. 1
TABLE OF CONTENTS ............................................................................................... 2
1. GENERAL INFORMATION ..................................................................................19
2. ENTERPRENEURS PROFILE ...............................................................................20
3. TYPE OF PRODUCT/SERVICES ..........................................................................20
4. DETAILS OF THE PROPOSED PROJECT ...........................................................22
Land and Building: ...................................................................................................22
Machineries / Equipments: .......................................................................................22
Miscellaneous Fixed Assets: ....................................................................................23
Preliminary and Pre Operative Expenses: ................................................................23
Working Capital: ......................................................................................................24
Number of Working Days per Annum: ....................................................................27
Number of Working Shifts: ...................................................................................... 27
5.2.2 Utilities: ...........................................................................................................27
5.2.3 Salaries/Wages: ...............................................................................................28
5.2.5 Selling and Distribution Expenses: .................................................................28
6. TOTAL COST OF THE PROJECT .........................................................................29
7. MEANS OF FINANCE ........................................................................................... 30
8. PROFIBILTY PROJECTIONS ..............................................................................31
9. BREAK EVEN POINT ............................................................................................31
ENTREPRENEURSHIP PROJECT
Example of a footwear manufacturing company proposed to set up a unit
in an underdeveloped country.
Two investigators were engages to explore the possibilities of
manufacturing and selling of footwears.
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First report that no one uses footwear in that country and hence no reason
to setup an industry.
Second provided a different scenario by stating that there is a vast
opportunity of manufacturing and selling of footwear in that country and
untapped market.
A felt need for wearing a footwears can be created in the mind of
consumers.
This is the attitude of the Entrepreneur
Who can be able to identify the opportunity
Who can exploit the opportunity to a business venture?
Who can generate profit out of this venture?
Entrepreneurs are the people who have the ability to see and evaluate
business opportunities, to gather the necessary resources, to take
advantage of them and to initiate action to ensure success.
The quality of entrepreneurs is as follows
Ability to see and evaluate business opportunities
To gather the necessary resources
To take the advantage of them
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To initiate action
To ensure success
The word entrepreneur has been taken from the French word
entreprendre which means to under take
In the 16th century this process was applied to the persons engaged in
military expedition
In the 17th century it was extended to cover construction and other civil
engineering activities
A French banker named Richard Cantillan applied the word entrepreneur
to mean a person who bears uncertainty and risk.
Definitions(s):
An entrepreneur is the economic agent who unites all means of
production
Land of one
Labour of another
Capital of yet another(produces a product)
By selling the product in the market, he
Pays rent of land
Wages to labour ppp
Interest on capital
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Entrepreneur is an economic man who tries to maximize his profits by
Innovation (Involves problem solving).
An entrepreneur is one who always searches for change, responds to it and
exploits it as an opportunity.An entrepreneur is
Decision maker under uncertainty.
The one who does things in a new and better way.
Entrepreneurs are the people who have the ability for see and evaluate
business opportunities, together the necessary resources to take advantage
of them and to initiate appropriate action.
Combining the essence of all the above definition:
An Entrepreneur can be defined as visionary who dreams of innovation
through opportunities of in the environment who converts the dream into reality by
assembling factors of production and who undertakes the risk and handles the
uncertainties involved in a business venture
Characteristics of an entrepreneur:
A successful entrepreneur must be a person with:
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Technical Competence
Initiative goof judgment
Intelligence
Leadership qualities self confidence
Energy
Attitude
Creativity
Fairness
Honesty
Tactfulness
Emotional stability
Important characteristics of an entrepreneur:
Calculated Risk-taker
Innovation
Organization skill
Technical knowledge
Optimistic
Effective communication ability
Decision making
Creativity
Self-confident
Human relation ability
Business secrecy
Clear objectives
Mental ability
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Visionary
Desire for high achievement
Hard worker
Socially responsible
Courage to face adversities
Ability to exploit opportunities
Independence
Foresight
Calculated risk-taker:
Ability to take calculated risks.
Greater is the risk involved.
Avoids low-risk situation due to lack of challenge.
Avoids high-risk situation, because he wants to succeed.
Innovation
Innovation ability involves doing things in a new and better way.
Innovation ma y take several forms:
o Development of new products.
o Adoption of new methods of production.
o Creation of a new market.
o Conquest of a new source of raw-materials.
o New form of origin of industry.
o Entrepreneur conceives new ideas and puts them into effect in the
process of economic growth and development.
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Organization skill:
Has the capacity to combine all resources required for starting of an
entrepreneur and to produce goods.
Entrepreneur combines land, labour, capital to produce a product.
By selling product in marker
o He pap interest on capital
o Renton land
o Wages to labour
Being a good organizer entrepreneur is
o Energetic
o Resourceful
o Alert to new opportunities
o Able to adjust according to changing conditions.
He defines line of business, expansion, growth of an enterprise.
He performs planning, co-ordination, control-function.
Technical Knowledge
Minute details of the process and technology of marketing and marketing
of goods /services.
To keep abreast of latest changes in technology.
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Optimistic:
Look at the brighter side of the situation
Believe that the future will be favorable and they will be able to clean all
the hurdles for a bright future.
Effective Communication ability
Dealing with people to get his objective accomplished.
Decision making
Selection from among alternatives and evaluate the alternatives and come out
with the best decision.
Creativity
Shouted be creative
Ability to devise and successfully implant something new and better
This involves innovation or introduction of new product new method of
production new form of business, differ may be of dealing with problems.
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Self confident
Must have self confidence
Must have belief in themselves and ability to achieve their goals
Human relation
Must maintain good relation with his customers to get their loyalty
Must maintain good relations with his employees to motivate them to
perform their jobs at high level of efficiency
Must maintain good relations with suppliers, creditors, community etc
Business secrecy
A successful entrepreneur must be able to guard his business secrets from
leakages to trade competitors.
Clear objectives
Should have a clear objective about the nature of his business nature and
type of goods to be produced so as to provide purposeful direction
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Mental abilility:
Consists of intelligence and creative thinking to deal with different situations.
Must be able to study different business problems and situations.
Should be able to anticipate the business changes in changing environment.
Visionary:
Must be a visionary
Must have a visual for further growth and development commitment to
constructive changes and energy to achieve results.
Can create new ideas, and provides added value to society.
Desire for high achievement:
Have a strong desire to achieve high goals in business.
Hard worker:
To hard work towards never ending goal of excellence.
Socially responsible:
Entrepreneurial ability may create jobs for others.
May invent new products and new manufacturing methods.
Courage to face adversities:
Must have the ability and courage to face the adversities boldly and bravely.
Must have faith in himself and attempt to solve problems even under pressure.
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Ability to exploit opportunities:
Must be able to exploit new business opportunities to earn maximum profit in
coming future.
Independence:
Develop their own path than trading into others foot steps.
Foresight
Have a good foresight to know about future business environment.
To visualize the likely changes to take place in the market consumer attitude
technological development and take timely action.
Function of an entrepreneur
Entrepreneurial
functions
Promotional
functions
Managerial functions
Commercial
functions
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Entrepreneurial functions
Innovation
Risk taking
Organization building
2.Promotional functions
Discovery of an idea
Detailed investigation
Assembling the requirements
Financing the proposition
3.Managerial functions
Planning
Organizing
Staffing
Directing
Leadership
Communication
Motivation
Supervision
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Ability to listen
Ability to secure co-operation
Ability to judge people
Leadership quality
Social sensibility
Physical qualities
Other qualities
Some of the characteristics can be both qualities as well as abilities
Qualities of an entrepreneur :
Self confidence.
Competitive of spirit
Risk taking
Decision making
Independent thinking
Intelligence
Visualizing.
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Organizing .
Ego involvement .
Ego strength.
Inner direcetiveness
Emotional directiveness.
Desire for doing something unique.
Achievement orientation.
Goal directed thinking .
Conflict resolving .
Imaginative thinking.
Per suability.
Sensitivity to problems .
Budgeting to problems .
Non conformist .
Popularity .
Reality oriented.
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Cooperative .
Communicability .
Observational quality .
Reasoning skill.
Quality control capacity .
High motivation.
Management skill.
Abilities of an Entrepreneur:
Planning.
Controlling.
Directing.
Managing.
Self-executing.
Deciding.
Coordinating & integrating.
Demonstrating.
Evaluating.
Consoling.
Organizing.
Motivating.
Innovating.
Supervising.
Sensing problem.
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Visualizing.
Conflict resolving.
Dictating.
Investing capital.
Risk taking.
Knowledge of labour laws.
Knowledge of accounting.
Knowledge of cost counting.
Knowledge of income tax and siiisales tax rules.
Managerial skills.
Result orientation.
Distinguishing features of an entrepreneur
A person going to an entrepreneur should have the following feature to be successful
in his venture. Persons having the same have the potentiality of becoming good
entrepreneurs. Such distinguishing features are called traits , which make a person
distinct from others.
Intiative.
Concern for quality .
Urge to take calculated risk.
Seeing and opportunities
Urge for solving problems.
Urge to learn new things.
Planning .
Effectiveness.
Self confidence.
Risk taking.
Leadership.
Task and result oriented.
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Originality .
Sense of responsibility.
Efficiency orientation.
Commitment.
Time management.
Thinking and acting differently.
Future orientation.
1. GENERAL INFORMATION
1.1 Name of the Entrepreneurs:
1.2 Proposed Project:
Easy phones for your loved ones
1.3 Major Product / Services:
Hardware Interface and software Enhancement.
1.4 Proposed Locations:
Bangalore/Chennai/Delhi (NOIDA)
1.5 Type of Organization:
Hardware Development and Software Enhancement
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2. ENTERPRENEURS PROFILE
3. TYPE OF PRODUCT/SERVICES
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3.1 Type of the Project:
Software development and Hardware Interface
3.2 Product / Services Description:
It is a product oriented firm which includes software enhancement. Our firm develops
an interface for a cell-phone to senior citizens and the physically disabled. This needs
an enhancement of one of the soft wares used.
3.3 Major Consumers:
Can be used by all, specifically senior citizens, and the
physically disabled.
PROMOTERS:
1. Major Promoter of our project will be loans taken from banks.
2. Capital from reliable and supportive Capital Ventures.
3. The company with which our firm collaborates.
4. Mr.Sunil B.,Project Manager,S.T.Microelectronics Ltd.,NOIDA
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4. DETAILS OF THE PROPOSED PROJECT
This Project is about developing an interface for a cell-phone which would be handy
for the senior citizens and the physically disabled.This needs an enhancement of one
of the speed-Dial Software used. We use Touch Sensors in our Product which makes
easy for them in receiving calls.
Land and Building:
Serial .No. Particula
r
Area
Required
Total
Value(Rs)
Remarks
1.
2.
Land
Building
NA
2000 SqFt Rs.2,40,000
Total : Rs.2,40,000
Machineries / Equipments:
Sr. No. Description Nos. Required Rate(Rs.) Total Value(Rs.)
1. Computer 20 30,000 6,00,000
2. Printer 5 3,000 15,000
3. Scanner 5 3,500 17,500
4. Fax 1 5,000 5,000
Total: 6,37,500
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Miscellaneous Fixed Assets:
Serial
No.
Particular Requirement Rate
(Rs.)
Total Value (Rs.)
1. Furniture T(20),c(20) 1,000 40,000
2. Coffee Maker 1 5,000 5,000
3.
A.C.
5 20,000 1,00,000
Total 1,45,000
Preliminary and Pre Operative Expenses:
Serial
No.
Particulars Amount
(Rs.)
Remarks
1. Interest during
Implementation
2. Establishments
3. Start Up Expenses 1,20,000
Total : 1,20,000
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Working Capital:
Serial No. Item Amount Rs.
1. Raw Material 10,00,000/year
2. Salary/Labour 20,000/labour/month
3. Rent 2,40,000/year
4. Insert on loan 4,00,000/year
MARKET POTENTIAL:
Present demand and supply of the Product Competition:
The wireless communication is the technology which has the fastest growth
Information hiding in a.WAV file is a new technology which integrates with theories
And technologies of many academic and technical subjects. For information hiding,
digital media are used as the carrier of the information to be hidden. The carrier
conceals secret messages by covering the form of their existence. The information
hiding technology based on digital audio processing is closely related to Human
Auditory System. When the messages are having been concealed, the human ears are
due to verify the existence of hidden messages. That is, the status of information
coverage depends on the Human Auditory System. It is obvious that the
characteristics of Human Auditory System are to be taken advantage. The added
secret information in the digital audio has no effect onto human ears. In our product,
an implementation of information hiding technology system which is based on digital
audio encoding is proposed. First by analyzing knowledge of digital audio processing
and the model of Human Auditory System the product has been considered.
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Looking at the present trend various companies provide various security software for
the transfer of data but no software is safe and secure because they can be detected by
various means and thus their hidden messages can be retrieved by any expert
computer professional by cracking the password.So our product is prepared by
keeping in mind these visible and audible aspects of product security .As the
technology what we are providing makes it very much difficult for any expert to crack
it is it has no effect on human ears and thus it cant be detected whether the product
contain any hidden message or not. Right now no such product is available in market.
If this product will be introduced in the market then it will be of great demand.
Target Clients:
Our main target clients are Security Organizations, Banks, Military (Defence)
Software and Hardware Companies who require safe and secure transfer of data in
such a way that it cant be detected by any means.
Marketing Strategy:
The Marketing Strategy will be advertising the product in the media and by
companys representatives by visiting various target clients and by making them
aware of the features, application and the type of technology used in product.
MANUFACTURING PROCESS:
4.1 Technical Know-how Availability:
Books related to VLSI, Microprocessor and Microcontroller, and Embedded Systems.
Different Working platforms like Windows, Linux etc and programming skills like
c,c++,Java and Knowledge of compilers for the enhancement of the software and for
development of the mobile devices and installing the software in the devices.
4.2 Step by Step Description:
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1) Study and analysis of whole project:-It includes knowing the full algorithm of
the project i.e. what the project means how to do the project.
2) Design of the interface on the mobile phone:-It includes assignment of 10
different color codes for the different available users and thus producing a
template with a touch screen display.
3) Assign of a speed dial code using C to the buttons:- It includes writing a C/C+
+ code(or modifying the existing code) for Speed-Dial to its equivalent
hexadecimal code.
4) Program in C to embed the software into the mobile phone:-It includes
embedding of the software and utilizing the required information.
5) Program in JAVA which adds security features to the Program:-It includes
providing password to the user and providing network access
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5. PRODUCTION SCHEDULE
Number of Working Days per Annum:
The Firm will remain open for all weekdays except National holidays i.e. a total of
about 360 days.
Number of Working Shifts:
Since it is a service and solution firm it does not follow any shift system rather it has
working hours from 12.00 am to 10.00 pm.
5.2.1 Sales Revenue:
The sales revenue of the business depends on the number of clients it has dealt with in
the present year.
5.2.2 Utilities:
Sr.No.Particulars
Annual
Expenditures(RS)
Remarks
1.
2.
3.
4.
Power/Electricity
Water
Coal/oil/stream
Any other item(Misc.)
1,00,000
10,000
5,000
Total 1,60,000
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5.2.3 Salaries/Wages:
5.2.4 Repairs and Maintance:-
Sr.No.Particulars Amount(RS.)
1. Computer and Electronic goods 20,000
5.2.5 Selling and Distribution Expenses:
Sr.No. Particulars No. Wages/salaries per
Months(RS.)
AnnualExpenses(RS)
1.
2.
3.
4.
5.
Skilled
Semi Skilled
Un Skilled
Office Staff
Any Other
15
3
20,000
4,500
36,00,000
1,62,000
Total 37,62,000
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6. TOTAL COST OF THE PROJECT
Sr. No. Particulars Total Value(Rs.)
1.
2.
3.
4.
Fixed Capital
Working Capital margin
Preliminary & Pre-operative
Expenses
Raw Materials
2,51,500
38,730
57,000
14730
Total 3,61,960
Sr.No.
Particulars Ammount(RS) Remarks
1.
2.
3.
Publicity Expenses
TravellingFreight
1,10,000
50,00010,000
Total 1,70,000
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7. MEANS OF FINANCE
Sr. No. Particulars Amount
(Rs.)
Remarks
1. Own Investment 1,61,960
2. Term Loan 2,00,000
3. Working Capital Loan 13,86,900
4. Any Other Source
Total: 3,61,960
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8. PROFIBILTY PROJECTIONS
Serial
No.
Particulars Amount (Rs.)
1. Sale Realization 29,20,000
2. Cost of Servicing/Manufacturing
i. Utilities 23,250
ii. Selling and Distribution 3500
iii. Salary \ wages 16,000
iv. Administrative Expenses 2,500
v. Interest 22,000
vi Raw materials 14730
viii Depreciation 20730
ix Misc. expenses 39,500
x Cost of project 3,61,960
Total 5,04,170
3. Annual Working capital 4,64,760
4. Annual Interrest on loan 22000
5. Annual depriciation 20730
6. Gross Profit 4,42,760
9. BREAK EVEN POINT
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Break even analysis gives us the idea about the financial status of the organization.
The costs involved are mainly of two types:-
Fixed cost:-when the nature of the cost is such that it doesnt vary with the volume of
the production then it is know as fixed cost.
Variable cost:- when the nature of the cost is such that it varies with the volume of
the production then it is know as variable cost.
Total cost:- fixed cost + variable cost.
Sales revenue:-Revenue generated by selling the products. It varies directly with the
volume of production. The point of intersection of the total cost and the sales revenue
is known as the break even point. It is the point at which the total cost agrees with the
sales revenue, i.e. no profit no loss.
BREAK EVEN ANALYSIS CALCULATION
Q -> BREAK EVEN QUANTITY
V -> VARIABLE COST/UNIT
S ->SALES REVENUE/UNIT
F->FIXED COST
Break Even Point = Fixed Cost X 100/ Fixed Cost + Profit
= 251500 *100/ 251500+4, 42,760
= 36.225622
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