STEPS TO START AN ENTERPRISE – Part II
e) IMPORTANT TASKS
*Identification of suitable project/product/enterprise and prepare bankable project report
*Creation of proprietorship/partnership firm/Company/Society/Self-Help Group (SHG), etc
*Filing of Memorandum (EM) with DIC
*Accessing to Bank Loans, Admissible capital subsidy/assistance under various schemes of the central/state Govt. and other agencies/organizations/FIs/Banks
*Establishment of Factory Buildings/Office
*Obtaining Sanction of Power connection
*Selection of Appropriate Technology, installation of Plant &Machinery/office equipment.
*Obtaining various registrations/ licenses/ clearances/ NOCs etc. from concerned regulatory agencies/Govt. Departments/Local Bodies/Municipal Authorities, etc.
*Allotment of PAN no. /Service Tax/Sales Tax/VAT Registration, etc.
*Sanction of Working Capital Loan from Bank
*Arranging tie-up with raw material suppliers
*Preparation and implementation of marketing strategy for the product/service and market development
*Establishment of linkage with a mentor(s) for providing guidance in future
*Creation of web page and e-mail
*Trial Production & Test marketing
*Regular Production & Marketing
*Loan repayment
f) Micro, Small& Medium Enterprises
Enterprises have been broadly classified into: As per MSME Act 2006
i) Enterprises engaged in the manufacture/production of goods pertaining
to any industry
ii) Enterprises engaged in providing/rendering of services
Manufacturing enterprises have been defined in terms of investment in plant & machinery (Excluding Land & Buildings) and further classified into :
Micro Enterprises - Investment upto Rs. 25 Lakhs
Small Enterprises - Investment above Rs.25 lakhs
& up to Rs.5 crores
Medium Enterprise - Investment above Rs.5 crores
& up to Rs. 10 crores
Service enterprises have been defined in terms of their investment in Equipment (Excluding Land & Buildings) and further classified into:
Micro Enterprises - Investment up to Rs. 10 Lakhs
Small Enterprises - Investment above Rs.10
Lakhs & up to Rs.2 crores
Medium Enterprise - Investment above Rs.2 crores
and up to Rs.5 Crores
Monday, June 28, 2010
Tuesday, June 22, 2010
ENTERPRISE DEVELOPMENT
ENTERPRISE DEVELOPMENT
I am posting a series of Posts on Enterprise Management. This is the First Part
STEPS TO START AN ENTERPRISE – Part I
a) Decision to become an entrepreneur- Most important.
b) Select an Activity –Service or Product manufacture-
A preliminary market study of products or services
Where do you want to promote the enterprise?
What resources are available near the location of the enterprise?
What kind of market or consumer pattern exists near the site of enterprise?
What kind of contacts you have to exploit to your advantage for marketing of the product?
What infrastructure is available at the location of your enterprise?
How much capital is available?
c) Major inputs required for setting up an enterprise: Availability of-
Land, building or shed
Machinery and equipments
Raw Materials
Technology
Power and Water
Skilled manpower
Capital
d) Project Report Preparation containing detailed information about:
Land & building required, Manufacturing Capacity per annum
Manufacturing Process, Technology,
Machinery & equipment along with their prices and specifications,
Requirements of raw materials, Power & Water required,
Manpower needs, Marketing, Cost of the project and production,
Financial analysis & economic viability of the project.
..to be continued.
I am posting a series of Posts on Enterprise Management. This is the First Part
STEPS TO START AN ENTERPRISE – Part I
a) Decision to become an entrepreneur- Most important.
b) Select an Activity –Service or Product manufacture-
A preliminary market study of products or services
Where do you want to promote the enterprise?
What resources are available near the location of the enterprise?
What kind of market or consumer pattern exists near the site of enterprise?
What kind of contacts you have to exploit to your advantage for marketing of the product?
What infrastructure is available at the location of your enterprise?
How much capital is available?
c) Major inputs required for setting up an enterprise: Availability of-
Land, building or shed
Machinery and equipments
Raw Materials
Technology
Power and Water
Skilled manpower
Capital
d) Project Report Preparation containing detailed information about:
Land & building required, Manufacturing Capacity per annum
Manufacturing Process, Technology,
Machinery & equipment along with their prices and specifications,
Requirements of raw materials, Power & Water required,
Manpower needs, Marketing, Cost of the project and production,
Financial analysis & economic viability of the project.
..to be continued.
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