Entrepreneurial Planning Entrepreneurship - Entrepreneurial Planning

Distinguish between 'Partnership' and 'Private Limited Company' on the basis of ‘maximum number of members'

Differentiate between 'Value-Added-Tax' and 'Sales tax.'

Vishal was working with Abhinav, a new entrepreneur, as a Production Manager. For smooth and co - ordinated flow of wark he had to pay attention towards various elements. To ensure predetermined quality of products he had to compare the performance with established standards.Identify and state the elements being discussed above which is related to one of the components of a 'Business Plan.'

Define a 'Co-operative Organisation.'

List any two categories of persons that are required to obtain registration from 'Central Excise Department'.

State any two types of utilities created by business activities.

List any six factors that may affect the selection of a form of business enterprise.

Mahesh is a young man of 20 years. He has completed a tailoring course from an industrial training institute. He wants to start a big-size tailoring shop in a modern locality where young men and women working in various multinational companies live. He went to one of his friends who had completed a diploma course in textile designing to discuss about the opening of the tailoring shop. His friend advised him to prepare a written document describing formally all the relevant external and internal elements involved in starting a new venture. It will not only help in understanding the feasibility and viability of the proposed venture but also facilitate in assessing and making provisions for the bottlenecks in the progress and implementation of the idea.
State any six points of importance of the concept discussed by Mahesh with his friend.

Two years ago Gopal started manufacturing low fat, sugar-free ice-cream on a small scale basis in his home town, Vishakhapatnam. After some time his ice-cream became popular among health conscious young customers and old persons specially those having diabetes or some heart ailment. Because of the popularity of the ice-cream, the demand has increased manyfold. Gopal is unable to meet the same, because of his limited managerial ability and limited capital. Gopal also felt that whenever he fell sick his business was temporarily closed. To overcome this problem he decided to admit in the business his friend Mohan who has recently completed his MBA and is ready to invest money for the expansion of the business. Mohan advised Gopal to get their firm registered.

1. State three limitations indicated in the above para from which Gopal’s business suffered.
2. Why did Mohan advise Gopal to get the firm registered?

State any four items of physical infrastructure that should be mentioned in the description of a business plan.

What is a 'Project Report'? Explain the uses of the Project Report for the 'Entrepreneur' and for the 'Government'.

'To find the critical components of the project idea' is one of the objectives of preparing the Project Report. State the other objectives.

What is a 'feasibility plan'? State any three reasons why the entrepreneurs need a feasibility plan.

What is a 'feasibility plan'? Why does the entrepreneur need a feasibility plan?

Explain the concepts of 'Cost, Revenue and Break-Even-Point'. Also explain how Break-Even-Point is calculated.

Kavita has observed that there can be a good market for hand-knitted cotton and woollen trendy garments for small kids up to the age of three years. She thought of starting a small enterprise for the same. She also ensured that the enterprise will require 10 – 15 trained workers and an investment of rupees two lakhs. This will give 40% annual return on investment.

1. Quoting lines from the above para, identify and give the meaning of the entrepreneurship concept being stated in the above para.
2. Also, state the elements of the concept identified in (a) above.

Explain the Steps for the development of the tool of cash management that helps an entrepreneur in knowing how much cash generation and expenditure is anticipated over a chosen period of time in future.

State the six major objectives of preparing the Project Report.

State any six features of a feasibility plan.

State any six objectives of preparing a ‘Project Report’.