ENTREPRENEURSHIP
GANGAINATHAN A
SASTRA University
Basic Questions to Answer
Who are you?Why Entrepreneur?
SWOT AnalysisStrength WeaknessOpportunitiesTreads
Basic requirements of Entrepreneurs
Risk TakingDedicationPassion on WorkPresence of mind
Merits of Entrepreneurship
BossNo limit for IncomeCan do what ever we wishSelf satisfaction
Initial Thing to doCreate website To register the brand For the purpose of copy-right
ThinkingMechanical Thinking – casual Intrusion – inner voiceStatistical Thinking – predict future
Go with Intrusion
Multiple Face of Entrepreneur
LeaderAware of
Govt Scheme
s
Future Predictio
nCustomer handling
Ambani’s MottoThink bigThink fastAct fastAchieve fast & Grab Opportunity before other could smell
Basic Requirement of Business
LandWaterPowerMachineryType of ownership
Land
Suppose to be in Remote areaCost cheaperExtension is easierHiring is preferable
Water & Power
Water quality should be good Power connection should be easy to get
Machinery
Can get loan from GovtNISC – hire purpose , spl for EntrepreneursInterest – 9% If loan paid in proper time , 2% concession
Ownership
Initially start individualIf cant , try partnership
Registration
Register as Entrepreneur @ DIC in district headquarterDIC – District Industry CentreOnline registration is possible
Types of Industry
Micro Scale industrySmall scale industryMedium scale industryLarge scale industry
Subsidy20% reservation for micro, small & medium Enterprises)Subsidy for capital upto 30 lakhsWomen & handicap – 55% subsidy upto 2 lakhsEmployment for 25 peoples – 60% subsidy20% subsidy for power upto 1st 3 yearsVAT – 100% subsidy for 1st 6years50% for cost of application upto 3 lakhs15% price preference in Tenders for small scale industry100% subsidy for Pollution control equipmentTNIC – Tamilnadu Industrial Investment Corporation Limited
Business Plan Change your idea into plan,
Brand nameTag-lineMarket AnalysisMarketing StrategyService lineProfit & loss detailsBalance sheet – investmentRatio analysis – turn over-% of return investmentBreak even analysis
BANKERS EXPECTATIONS
Who is borrower?Purpose of loanQuantum of financeRepayment capacityViability of projectSecurity
Amount of LoanUpto 10 lakhs no security requiredAt spl case for innovative project, upto 1 crore also givenUnder CGTMSE scheme, 1% interest of loan annuallyIOB Engg for Engineers
Micro , Small Enterprises
Industry
Manufacture
Service
Micro 1 Upto 5 lakhs Upto 4 lakhsMicro 2 7.5 – 25
lakhs4 L – 2 C
Small 25L – 5C 2C – 5C
Original Investment in Plant & Machinery
DocumentsKYC(know your customer)Project study / Viability ReportProjection/FinancialsIT return for last 3 yearsMore than 1 crore , security detailsApplication form
Wish You All
Success !!!!!
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