Su: INDUSTRIAL MANA GE MENI

AND
ENTRE PRENEURSHIP DEVELoPMENT
SECTION- A ENTREPRE NEURSHIP
Chajtes 1: INTRODUCTI ON
- Concept and it naecd
Quclities/Meantont
and ay entoepreneus
and bariexs y eytsepreneela Shup
Sole paietosship and Patners hip fomy
and bther fesons a bsines crganistans
Schermes ay aislanee by entepreneoe!
ad Ntional, atte, Distsict
post agencies
Jevel gamisattn : NSiC , NRDC, Dc,MSmE
SLDRI,NABARD, NIESBUD HARDICON
Ltd, commercal banke , SC's,Teo, kviß,
DIC, Technalogy,busineK neubatoss(TeI)
and Science amd tocknolo9 Entrepreneur
Parks

# Conc ept o Entzepsencurship

EntrepreneurShip sefess ta ite onept
and mmahaqma a bsinesf
vnire m Uorcer to gn
m,
sevexal
ksinply put enteprenur'ship s the illi -
neg to Atast a nw
 Date

Enteepacneunskip has played a vital ole

econo c develepnent the spa
gletoal mas Kelplace "
An ehtrepreneur 4 Sorneoe who
ta cwosk for hunse amd by
kinsey Skius
seqused bi Entsepreneucs
Perceieeneur
An entepreneur h Commmly Seen
and prceired' kmhoratos,
SKills. vequired f Succested entep
Teneur Ship are hmhovatlm cd abilit
cteatie VentgEate
to genesate ned des
for a kusine yentale
An ernireprenius
musthare the qualityb e leadatship
n tteanse
as A i nSense

# Kmds q Entepreneurlhip
ihnk that the teto
has one Sngle, mean n Holeer, eke
mentined eatlier te tom
clastic and has a wide amge
eremt mas&
pohular knda entrepreherShipqe
tepreneurShip Atast -lep aah
 Date

benesses
entepreneudip
Flexibiliti having do
contol
naximun UContool
agten help to
auttarta
on tt
on tte ctosk one a
maxmum benefit .being
t i auttoritatile tgure at workplace
often leads toalo a personal and pa
essimal benetits Flexibiity n one of ths
perk Peaple often od
that
poeinas peple oeand im nd seprecurship
careere
Comes eanily
advantege
One excelent Qrpeet ay ente
piversikt
preneurship s that ay entreen eurs
Hhe advantege a Coming up witn divexseergdias
de advane unitue
(adao'be unitue n th qlobal market
plae Havng a ay ideas tochoote
aondi
faon, toyour entrepvtneual viAIm, yo
can gam Uonarinum beneit -foom the
'eome up with
 Necd

Lite- ne Qa natan,
NO Qenly cam fo9ren
itheut the odavelopzent entzeprener
o
dtdadeothat iuis ae Uto ahare thi
beneis develetnentJhercfore, entrepr
eneiirhips ihe yadatck to measure.
the level
develapment a county
Rovides innoyaton_ Entsepreneusship þnde
nes deas, imagnaton andl visiom to the enter
pie An ent preneur ag nnovato ay
ke dries ta tnd hiw tocknology poduca
Qnd maiKet,' JF hocreases t nductv
Y¢AOUsCes he entrepreneur
cland at tte eenter Lohole poes
bsines develepment .Henceres
ideas Ohnd put them mto ess eets
to enhamee the
proces
develotment

eipiseofesatamaphänging
 Date

Jhe ehfepeneun moulds tho endesprizc m, Sucl

mo
changg envisomnent ho late molds not
ti entesprise,but alo alters he envicon
dses ,to enlure tha ucCes ap 2La enterprise
9m oder to mect the clhalenge ay
utonattan
and tte complexities ag advaced "techueloa
iÀ a naed ta the alevelopment q tare
entreprerierrihip
Increased þoo<its 3- Pafib cam be increasd m
setepLise
any entexprke,eithe bu thcreasing tte Soles
by
Kevnue r Teducing Cost.To kacreae te Sales
Yevehil
begandby Othe cotyol aq an enterprile
xeducing Cosk, mcreane is
penit' and paendos oproctueniieJfor ulü gooath and
deieletanet
employnent epþoctunitie, - Entrepreneuxs hip amd
t actities provida the maRimum employment þotenhal
Large mubmtber apersons ae nployt entreprem
eurial aetivites m dhe Couny he
sheae activiti es bring more andmoe
dmoe empleqmaent
opþortumities .
So cia) sene7iti i- 9t s not oy benehicial ste the ucs
ines enterpripe, but to thaAociet, at lage.3
Kases the standard a living bay
qualty pdcts and 'Sesviles at dt 'ae doe
Cest: ao nakes the optinom cse
scalee resousces and ponoles peact anol
 Gualities
Nhee are Cexlen qualiies a
Sucetd entepreneur
Sey- bieiplin he ferst
Successel' entxepxeneurs
dsait ttat
mst pocies
Amale most' imp tawtSoyiniline
qualily foc Aucceet
lite Cnd bsinen , a
whetee to da
Sucees
do lhat
eeltike
Aheuld do,
ike it or not yaur
yithially
plint requirey Aeqkastesy, sey-cotaal,
sely xponsibilt and sa
Se direin

Inteqsit
aut Auccest
NheeCand daait ttat
nteprehcs must
Pexhaps the most yalued aod
respected qualit yeu an olexdop ii a
reputation honet eveykhaO yeu do
sanyactin Cand activit
 Date

Nevex Comþme goue integrity'AAu

business baßed on drsust
3" feasistence - She ttind dsait tat au
Auccexshl entrepienes ont poses A
þexsuténce . Persutence is tte iron quality
ay chaxader Per siutence is to te charater
a4 maa ad Caxbn to teel

4i Aclear Sense ay Direction i

tel entrepseneu must
becaual. a, tha tlenca amd
xapi ekschang
oinnes oners have beln xeduced to epet
dag g day,abmost tike yirealtess.
5. Decisive dhmd actin Oiented
taitthal al Aules
fd ent reprenecs must pases
olgcisive cad acton onienta hes mt
thnk amd make de cieti on qwic
hey dis cipline then Selves to lak
asta amd to Cas deciSoy
have made
 Date

#function af dn dpreneuc
Entreprcheurial
tunction
Taking initative
Manageial
henlion
plann
Stfy
Arimg mhorin
osakisein Buitling
oirecin Supesisig
Cont
Dission Making
fnekm a am Entrepreneuy
Bomotional Cornmescial
tuncks tumcn
Pyoductin
busines Plan
AMemsle the Marketing
Pexsonnel
Yequrement

Social finanial
tunetian tuncion
pems and Fmancl plann
Cetejobs Raise tunds
utilize mney
Devclspnt
chaptes 1: sasiers tn Ent ep seneurshif

#ndui'nqmes -to nvest nmey i

Eren Kovgk people hove oong
o not cmato erdrepreneerih
are not to foke the iSK a

wlbngines
Patiene i
he lecire to achieve u cees bn
te irst attempt r to beCome ich very acn s
the pame Smotiveting {actos mdern youth
shen such oreams d not come suehen lole
interest Jhis gralually
qradually drives -to m

bines

# Lack ay Contdenee
people thnt
Jask Mamd
hat it takes to become an edreprenr
master au the
hey eel ttt they eeuld mot
thus moft
moSt people Qre eluctant to
becone endoepeneurs

EndsepYe neuss Who are shost o

Vim beJomemes
ceme satis<ied witk hatm tuYEher
thet
achiere oje mteres
buneM
 Date

Notes
tSoial nsasiers
he Socal a t tude mhebti an.
people fuom hm.a Stastrag a
budme
folo)s.
Two npostant kassrs
yodal barsirs are are

Mott people ant a rea jot

even pareni Loho are endcepreheurs cocutr't
like he hitren to be endrepreneus:
hinÑpport
Tes (ack Seppost fom seiel and
entrepreneut
Lo status
Sotiely think khat endrepreniers
axe the people ho erplat ¢octy Thy
te attitude taaas entiep.
Yeneur in notposit
 Sole Pscviekoxhip
A Aole
Sole dader . þooieto«ship aho knoon as he
hdividual entrepreneuchp or
patpvietorshie, innaa lype aq entex prize ooned
and Un
un by one peYSÞY and n eohich u there
no Legal stmction belween the coner and 1he
busnet entiy

A Aole paofxietoShip iu ls aiest

kusnes 6 eitblish or -take past , dus too
government
noent vequlatin ASAs Such, these lipes
bsneses Qre ve potular arnng s ole cwsers
businemes mividua sele Corlsacto and Conselto
1ay Sole popretocs do lasin eçs unde tta
names becase Cseating a deperaltt
bwsmes ox tsade name tnecekarg
KEY PoINTS :
A Sole papoietoy ship is an nCNPIRld
lowsines
peesonad .th ar Ooner he p s

Sole pretrsietov&kips are ASy ko establesh

Aoad dimatle ,duk d e to alaCk U govemnt
 hem popular i t
avolvemehter
Small makmg
ousiness oonerU and cgnsactors
Sole prtpyiekorships end u
qettiigMan stoucturet nto an LLe
Syn ata the ex pansiun
CLLc linited Liabilt Conpan1 eA)
Advan tages i
() tax advan teges
(e) Lowfee a Creati
(3) toL)
(4) Ows maintenance
pis ad vanages

Otin) Sole propsietothip

Susvive the deattor mapaiy a
then )-ner end So do no'efan( xaely l
 Cost en amd
9enelyt ttan Pasteate nerkhi'Cp to
ae
ell aj
ano ebty puspoeA tafor mcomne
persm.
al pers oconet to
the thoogk. pased
t.6nay legally Ship
sole faotnexdhip
aike
a
A
ente busineg
teentpantnerships are olher
tHouo
ShelayeY
ases pesonal ptectiy
topxotech
lt limited naypnvide
pvide entiiesenlities
pastnershipsoith Cees buines Some
gel Qre
utomabiati
artne you'se
lok
Atate Dittoul person oheh
go to dede yeu 4
bines mtmo
o go to
all, stati the sith egistered betl
have oloesn't id and bunes
b legal
al a ooneS 9ltiple hare mess
i shippastner A
PastnexShip
tor
 Date

resdt,
ohuck 2enerlly ses Loer
Aaxes han othex bstness stsuctes s uch os
Cosposfing.
faslnershi
A erel Patnerhip She onost
basie korm q past Berskip tt coes'mat sequce
temng a bsines entty coith io Atale In
amost case partness fm teiw bLeslnea b
pastneship goeement:
Sigog a

Ounextt
splt
kpit eYeny ammngie paatners,alttoug h iti
may estaslih ditferent term n the pastner
and digtoled.
ship easy to bem
2- Limited fastnexthip i
ioited Paster shups are fovmal
katines entiia Quttosiz ed'by tlu otrt.ghe
have at least qenera patner eske is
Limited patners coko prDvide money but do not
actirey Limittell favt ners mvest hi te
tor tiam cial neluns and ae not
busine)
it debta amd labuiies
yopntrle
dhis gied partner mited Qiacut,
liniled Rarlners Can Ahare m th
Prott they omnot losc more than
 Date

-iNotes
Lave avest ed:

butit
ackin
AAdinitec
LP) tperafes like a
au pastners
linit the
he
U

Rstnetnep.
Pqrtnertgtk
acivelmanagmg lle busine
Paatners stil bear fel Yespn
the delt and egal laLilties
te osines

4 Limited iabi, limited rastnexship i

A limited ldiabik, Lnited astnerthp
LLP) a nedex type o Pastnership avaikde
m Some states 94 ofpertes like aa L.
with at leat one
bAinecanery pastaer ko
she b t th LlLP mit
manage
nanunoral
Fastneal Patnerho hiakility ie ay
have liability potei