Easy Phones For Your

EASY PHONES FOR YOUR
LOVED ONES
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. Let’s 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
Entrepreneurship Project
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.
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 footwear’s.
 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 footwear’s 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
 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
 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:

 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
 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.
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.
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.
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
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.
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
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
 Co-ordination
 Controlling
4. Commercial functions
 production
 marketing
 finance
 personal
 accounting
How to become a successful entrepreneur
 Knowledge of organization
 Technical knowledge
 Administrative ability
 Ability to instruct and inspire
 Ability to communicate
 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.
 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.
 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.
 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.
 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
2. ENTERPRENEURS PROFILE
3. TYPE OF PRODUCT/SERVICES
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
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 Area Total Remarks

r Required Value(Rs)
1. Land NA
2. Building 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
Miscellaneous Fixed Assets:
Serial Particular Requirement Rate Total Value (Rs.)

No. (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 Particulars Amount Remarks

No. (Rs.)
1. Interest during
Implementation
2. Establishments
3. Start Up Expenses 1,20,000
Total : 1,20,000
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.
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 can’t be detected by any means.
Marketing Strategy:
The Marketing Strategy will be advertising the product in the media and by
company’s 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:

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
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:
Particulars Annual Remarks

Sr.No.
Expenditures(RS)
Power/Electricity 1,00,000
1.
2. Water 10,000
3.
Coal/oil/stream
4. Any other item(Misc.) 5,000
Total 1,60,000
5.2.3 Salaries/Wages:
Sr.No. Particulars No. Wages/salaries per Annual
Expenses(RS)
Months(RS.)
1. Skilled 15 20,000 36,00,000
2. Semi Skilled
3.
Un Skilled
4. Office Staff 3 4,500

1,62,000
5. Any Other
Total 37,62,000
5.2.4 Repairs and Maintance:-
Particulars Amount(RS.)
Sr.No.
1. Computer and Electronic goods 20,000
5.2.5 Selling and Distribution Expenses:

Particulars Ammount(RS) Remarks
Sr.No.
1. Publicity Expenses 1,10,000
2.
Travelling 50,000
3. Freight 10,000
Total 1,70,000
6. TOTAL COST OF THE PROJECT
Sr. No. Particulars Total Value(Rs.)

1. Fixed Capital 2,51,500
2. Working Capital margin 38,730
3. Preliminary & Pre-operative 57,000

Expenses
4. Raw Materials 14730
Total 3,61,960
7. MEANS OF FINANCE
Sr. No. Particulars Amount Remarks

(Rs.)
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
8. PROFIBILTY PROJECTIONS
Serial Particulars Amount (Rs.)

No.
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

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 doesn’t 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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EASY PHONES FOR YOUR

I am deeply grateful to my advisor Mr.Jagannath Mohanty for having been a

Example of a footwear manufacturing company proposed to set up a unit

 Two investigators were engages to explore the possibilities of

 Second provided a different scenario by stating that there is a vast

 A felt need for wearing a footwear’s can be created in the mind of

This is the attitude of the Entrepreneur

 Who can be able to identify the opportunity

The quality of entrepreneurs is as follows

 Ability to see and evaluate business opportunities

An entrepreneur is the economic agent who unites all means of

By selling the product in the market, he

Combining the essence of all the above definition:

“An Entrepreneur can be defined as visionary who dreams of innovation

A successful entrepreneur must be a person with:

Important characteristics of an entrepreneur:

 Ability to take calculated risks.

 Innovation ability involves doing things in a new and better way.

 Being a good organizer entrepreneur is

 He defines line of business, expansion, growth of an enterprise.

 Minute details of the process and technology of marketing and marketing

 Look at the brighter side of the situation

Effective Communication ability

 Dealing with people to get his objective accomplished.

 Must have self confidence

 A successful entrepreneur must be able to guard his business secrets from

Desire for high achievement:

 To hard work towards never ending goal of excellence.

 Entrepreneurial ability may create jobs for others.

Courage to face adversities:

 Have a good foresight to know about future business environment.

How to become a successful entrepreneur

 Ability to instruct and inspire

 Ability to secure co-operation

 Ability to judge people

Some of the characteristics can be both qualities as well as abilities

 Desire for doing something unique.

 Goal directed thinking .

 Quality control capacity .

Distinguishing features of an entrepreneur

A person going to an entrepreneur should have the following feature to be successful

1.1 Name of the Entrepreneurs’:

1.2 Proposed Project:

Hardware Interface and software Enhancement.

1.4 Proposed Locations:

3.1 Type of the Project:

Software development and Hardware Interface

3.2 Product / Services Description:

Land and Building:

Serial .No. Particula Area Total Remarks

2. Building 2000 SqFt Rs.2,40,000

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

4. Fax 1 5,000 5,000

Serial Particular Requirement Rate Total Value (Rs.)

2. Coffee Maker 1 5,000 5,000

3. A.C. 5 20,000 1,00,000

Preliminary and Pre Operative Expenses:

Serial Particulars Amount Remarks

3. Start Up Expenses 1,20,000

Serial No. Item Amount Rs.

1. Raw Material 10,00,000/year