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 !!!!!