SWOT Industry Skills

Industry Skills
Excelling at the workplace

Agenda
Entrepreneurship Skills
⚬Concept of Entrepreneurship
⚬Entrepreneurial Motivation
⚬Source of Business Ideas, Entrepreneurial Opportunites
⚬Project Preparation and Marketing Analysis
⚬Institutional Support
⚬Investment Procurement
Productivity
⚬Introduction to Productivity
⚬Affecting Factors
⚬Comparative Productivity in Developed Countries
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Agenda
Personal Finance Management
⚬Banking Process
⚬Personal Finance
⚬Handling ATM
⚬KYC Registration
⚬Safe Cash Handling
⚬Personal Risk and Insurance
Labour Welfare Act

⚬The Factories Act
⚬Apprenticeship Act
⚬Employees’s State Insurance Act
⚬Payment of Wages
⚬Employees Provident Fund
⚬Workmen’s Compensation Fund Act
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Entrepreneurship
Skills
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Concept of
Entrepreneurship
‹#›
What is Entrepreneurship?
Entrepreneurship is the act of creating a

business or businesses while building and
scaling it to generate a profit
It is also about transforming the world by

solving big problems. Like initiating social
change, creating an innovative product or
presenting a new life changing solution
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Enterprise, Entrepreneur, Entrepreneurship
An enterprise is an
already formed
business organization An entrepreneur is a Entrepreneurship is the
that offers some goods person who establishes process of establishing
or services etc and manages the new business enterprise
enterprise. He/she is along with the capacity
often the founder and to identify the
owner of the business opportunities and threats
and to undertake all the
risks to gain profits in
results
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Concept of Entrepreneurship Idea
Generation
Entrepreneurship Innovation
Growth
Vision
‹#›
Concept of Entrepreneurship
The meaning of Many start up Entrepreneurship is

entrepreneurship entrepreneurs solve a about execution of
involves an problem that many ideas
entrepreneur who struggle with each day,
takes action to bring people together
make a change in in a way no one has
the world before, or build
something
revolutionary that
advances society
‹#›
Creating an Entrepreneurial Mindset in Students
• Entrepreneurial education in schools have become widely recognized in recent times.

• Developing knowledge on entrepreneurship need not make a person an entrepreneur,
but it will definitely nurture an enterprising mindset which leads one towards excellence
in school and beyond the school years.
Inspires Young
Minds Nurtures
Customized Promotes Economic
Unconventional Talents
Teaching Entrepreneurship and Skills Growth
education fosters
Teaching such skills advanced skills of It helps them to identify Economic growth of a
requires in depth creativity and innovative and hone their latent nation is supported by
planning, balancing thinking which empowers talents as wells as act in the entrepreneurial
theory with real-life and inspires students to a socially responsible thinking skills and
experiences take initiatives, risk way activities of its people
decisions and accept
responsibility
Entrepreneurship vs. Management
#1. Meaning
Entrepreneurship Management
A new business Team of people
started by an managing the
entrepreneur business
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#2. Ownership
Entrepreneur is owner Team of management
are employees
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#3. Risk
Entrepreneurship
Entrepreneur bears Management
the risk of business Management don’t
bear any risk of
business
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#4. Remuneration
In kind of profits In kind of salary
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#5. Motivation
To start a new To manage the
business existing business
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#6. Decision Making
Entrepreneurship
In the hands of Management
entrepreneur In the hands of
owners, key
managerial personnel
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#7. Mission
Suitable growth of To accomplish define
business organizational goal
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How To Be An Entrepreneur While Working For An Organization
• Entrepreneurial spirit is an attitude and approach to thinking that actively seeks out change, rather than
waiting to adapt to change.
• It’s a mindset that embraces critical questioning, innovation, service and continuous improvement.
Create Disruption
Take Ownership
Discovering and
implementing Find a Passion
Take risks/
radical Stay Inquisitive
decisions that
approaches to Look for a
lead to
the tried and project within
innovation or Keep learning
true processes the organization
that put the and continue
where you can
company asking questions
channel that
forward
enthusiasm to
create change
‹#›
Entrepreneurial
Motivation
‹#›
Entrepreneurial Motivation
It is the process that activates and motivates the

entrepreneur to exert higher level of efforts for the
achievement of his/her entrepreneurial goals
It refers to the forces or drive within an entrepreneur that

affect the direction, intensity and persistence of his/her
voluntary behavior entrepreneur
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Entrepreneurial Motivating Factors
Internal External
Factors Factors
• Desire to do something
• Become independent
• Achieve what one wants • Government assistance
to have in life and support
• Be recognized for one’s • Availability of labor and
contribution raw material
• One’s educational • Encouragement from big
background business houses
• One’s occupational • Promising demand for
background and the product
experience in the
relevant field
‹#›
Role & Function of Entrepreneurs with Relation to Enterprise
Preliminary work
Starting of production
Mobilization of capital
Innovations
Co-ordination
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Organization of labor force
Supply of tools and machines
Marketing mechanism
Anticipation of market changes
Division of labor
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Risk taking
Uncertainty bearing
Distribution of profits
Creation of values
Scientific management
‹#›
Role of Entrepreneurship in Economic Development
Wealth creation & sharing
Create jobs
Balanced regional
development
GDP and per capita
income
Standard of living
Exports
Community Development
‹#›
Source of Business Ideas,
Entrepreneurial Opportunities
‹#›
Sources of Business Ideas & Opportunities for Entrepreneurs
Interests and hobbies
Customer surveys
Brainstorming and dreams
‹#›
Franchises
Mass media
Trade fairs and exhibitions
‹#›
Personal experience and talents
‹#›
Process of Setting up a Business
⚬Do your research

Step
1
⚬Make a plan
Step
2
⚬Plan your finances

Step
3
‹#›
⚬Choose a business structure

Step 4
⚬Pick and register your business name

Step 5
⚬Get licenses and permits

Step 6
‹#›
⚬Choose your accounting system

Step 7
⚬Set up your business location

Step 8
⚬Get your team ready

Step 9
‹#›
Step ⚬Promote your business

10
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Project Preparation and
Marketing Analysis
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Qualities of a Good Entrepreneur
Disciplined Self Starter Competitive

Confidence Open
Minded
‹#›
Qualities of a Good Entrepreneur
Creativity Determination Strong Strong Work Passion

People Ethic
Skills
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SWOT and Risk Analysis Concept
Do you think English is phonetic

Strengths Weaknesses
Opportunities Threats
‹#›
Purpose of SWOT
To consolidate your strengths

To improve the aspects that are
considered weaknesses
To explore the opportunities present in

the environment
To avoid threats that can endanger

your business
‹#›
Domain Strengths Weaknesses
Encompass the internal
It refers to the qualities of components that
the business generate competitive
disadvantages
High quality product;
Products or design
licenses; patents, unique Equipment wear
services
processes; innovation
Funding sources;
Finances Lack of funding
rigorous financial control
Brand awareness;
Marketing efficient market Low degree of promotion
positioning
Experience and business
Big fluctuation; lack of
Human resources expertise in particular
necessary competencies
domains; loyalty
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Domain Opportunities Threats

Monopoly of
Governmental programs, government-run
Governmental policies
grants businesses; frequent
changes in legislation
Favorable economic Recession, growth of

Economic
environment business costs
Consumer salary Shifts in consumer

Social increase; the existence behavior; income
of qualified personnel decrease
Innovation; lower prices

Low access to new
for technology, the
Technological technologies; high prices
increased access to new
for new technologies
technologies
‹#›
SWOT and Risk Analysis Concept – Examples of Questions
Strengths Weaknesses
What are we best at? DoWhere

you are think
we most English is phonetic
vulnerable?
What specific attitude What kind of training are

does the work force our employees lacking?
have?
What is the loyalty
What unique resources degree of our
do we possess? employees?
What financial What is our financial

resources do we status?
have?
What technology do
we use?
‹#›
SWOT and Risk Analysis Concept – Examples of Questions
Opportunities Threats
Do you
What shifts of the external think
What could English
our competitors do to is phonetic
environment can we exploit? say ahead of us?
What new technologies can we What new legislation could

access? damage our interests?
What new markets can we tap What social changes could pose
into? a threat for us?
How has the consumer behavior How will the economic cyclicality
shifted among potential affect us?
customers?
‹#›
Application of Product Life Cycle
The phase of the Product Life Cycle

Introduction Growth Maturity Decline
‹#›
Market Introduction Defining Characteristics of this Stage
Costs will be highest. This is because

determined Do you think English is phonetic
Product branding and quality will be
economies of scale are yet to be realized and
there are few (if any) sales to drive costs down
Sales volume will be relatively slow to begin
Any intellectual property protection is obtained
with. Market adoption takes time to achieve
Pricing may be either low (to gain market Little or no competition. It is hoped, though not
share) or high (to quickly recoup development always the case, that there will be little
costs) competition for a new product
Distribution is selective (pending market Demand needs creating. Marketing is
acceptance of the product) particularly important to create demand
Marketing is targeted at innovators and early
Customers need to be encouraged and
adopters to try and encourage rapid
educated to use the product
awareness building for the product
‹#›
Growth Defining Characteristics of this Stage
Do you think English

Costs begin tois
Quality is maintained and development
prioritizes additional features, phonetic
decline as economies of
scale kick in
complementary products and support
Pricing will be maintained as the product Sales volume rises appreciably compared
is likely to enjoy a competitive advantage to the on introduction phase
Distribution is increased to accommodate

Profitability will rise
increased demands
Marketing focuses on a wider audience Brand/Product awareness will rise
Competitors are likely to enter the market
‹#›
Defining Characteristics of this Stage
Maturity

Products features will normally be enhanced to Costs decrease to reflect rising sales volumes
enable strong differentiation of the product from and the experience of the business in
competing products producing the product
Prices may have to be cut to ward off Sales volume reaches a peak and market
competitive threats saturation is attained
Distribution will become more intense and new
incentives may be introduced to try and Further competitors enter the market
encourage sales vs. competitors’ products
Marketing focuses on the differentiation of the
Prices will drop based on competition
product in the market
Brand differentiation and product diversification
becomes a possible strategy to protect market
share
Profitability begins to decline
‹#›
Decline Defining Characteristics of this Stage

Costs begin to is
Product goes into a maintenance phase phonetic
become less than optimal
Attempts are made to recreate the product

through new users or by significantly Sales volumes decline significantly
changing the product
The product may become a legacy offering

Sales volumes decline significantly
sold to a niche group
Costs are reduced as far as possible Prices fall further
Profitability depends less on sales that the

Finally, the product is discontinued when it
efficiencies of production and distribution
is no longer economic to sell
efforts
‹#›
Sales & Distribution Management
Sales refers to the Do you think English is phonetic

exchange of Distribution is the process
goods/commodities of making a product or
against money or service service available for use or
⚬It is the only revenue consumption to the end
generating function in an
organization
consumer or business
‹#›
Sales Management
Sales management is a business discipline, which focuses on

the practical application of sales techniques and the
management of a firm’s sales operation
It is done in an efficient and effective manner through

planning, staffing, training, leading and controlling
organizational resources
The main objective is to develop and administer a selling

program that effectively contributes to the organization’s goals
‹#›
Importance of Sales Management
⚬It facilitates the sale of a product at a price, which

realizes profits and helps in generating revenue to the
company
⚬It helps to achieve organizational goals and objectives

by focusing on the aim and planning a strategy
regarding achievement of the goal within a timeframe
⚬Sales team monitors the customer preference,

government policy, competitor situation, etc., to make
the required changes accordingly and manage sales
‹#›
Importance of Sales Management

⚬By monitoring the customer preference, the
salesperson develops a positive relationship with the
customer, which helps to retain the customer for a long
period of time
⚬Both the buyers and sellers have the same type of

relationship, which is based on exchange of goods,
services and money. This helps in attaining customer
satisfaction
‹#›
Distribution Management
Do you
It refers to think
Adopting a English
Distributionis phonetic
It is the process of activities and distribution management
overseeing the processes such management helps keep things
movement of as packaging, strategy is organized and
goods from inventory, important for a keeps customers
supplier or warehousing, company’s satisfied
manufacturer to supply chain and financial success
point of sale logistics and corporate
longevity
‹#›
Difference between Small and Large Scale Business
Decision Allocation of Understanding of

making process Attitude towards resources business models
risk
‹#›
Market Survey - Definition
It is the survey research and analysis of the market for a

particular product/service which includes the investigation
into customer inclinations
A study of various customer capabilities such as

investment attributes and buying potential
Market surveys are tools to directly collect feedback from

the target audience to understand their characteristics,
expectations and requirements
‹#›
Market Survey - Purpose
Gain critical customer feedback

Understand customer inclination
towards purchasing products
Enhance existing products and

services
Make well informed business

decisions
‹#›
Market Survey - Importance
Understanding the demand and supply chain

of the target market
Developing well thought market plans
Figure out customer expectations and needs
Accurate launch of new products
Obtain information about customer

demographics
‹#›
Market Survey – Method Marketing
Method marketing is Method marketers go

working toward beyond the
Do you
thinking think
and feeling English is phonetic
information found on
like their customers to the surface to
understand and solve determine why
problems through the customers are
user experience and interacting with
marketing best brands in various
practices ways
‹#›
Market Survey - The Method-Marketing Framework
Develop personas – Understand customers

better
Determine jobs to be done –Increased sales

by improving product offering to better fit
customer’s needs
Evaluate website – Focus on user

experience and design
‹#›
Advertising and Publicity
BASIS ADVERTISING PUBLICITY
Do you The
think English
activity of generating is
The phonetic
activity of providing
information about an
advertisements of
entity, i.e. a product, an
Meaning products and services to
individual or a company
commercialize them is
to make it popular is
known as advertising
known as Publicity
It is what the company It is what others say

What is it?
says about its product about the product
Very expensive
Cost involved Free of cost
marketing tool
Company and its
Given by Third party
representatives
‹#›
Advertising and Publicity
BASIS ADVERTISING PUBLICITY
Is it under the control of

Yes No
the company?
Which type of message it It may be positive or

Positive
conveys? negative
Credibility and reliability Less Comparatively more
Focus on Target audience Awareness
Results can be
Difficult to measure the
Follow up measured in terms of
result in numbers
sales volume
‹#›
Marketing Mix - Definition

The marketing mix refers to the set of actions, or tactics,
that a company uses to promote its brand or product in
the market
It is about putting the right product or a combination

thereof in the place, at the right time, and at the right
price
‹#›
Marketing Mix – 4P’s
PRODUCT
PLACE Target PRICE

market
PROMOTION
‹#›
Institutional Support
‹#›
Institution Support
The term institutional support refers to

the part of economic environment of
industry and business
These authorities and institutes take
decision and provide active support in
form of laws, regulation, financial and
non financial
The institutions could be governed

govt. owned, statutory, semi
autonomous
‹#›
Preparation of Project
Project Goal
Project Scope
Milestones and Major

Deliverables
Work Breakdown
Structure
Budget
‹#›
Preparation of Project
Human Resource Plan

Risk Management Plan
Communications Plan
Stakeholder Management
Change Management Plan
‹#›
Role of Various Schemes and Institutes for Self Employment
DIC – Direct Industry Centres

The objective of the scheme is to provide financial assistance in
the form of margin/seed money for the promotion of tiny
industries in semi urban and rural areas with a view to generate
employment opportunities including self employment
‹#›
DIC – Direct Industries Centre
The enterprises which are registered as in industrial unit under

MSME development act, 2006 with respective DIC are eligible to
get benefit under the scheme for the following purpose:
For modernization of existing

For establishing new For carrying out unit by investing more than
enterprises which expansion or 25% of its existing gross fixed
commence commercial capital investment to upgrade
diversification with
production during technology by way of
investment more than adopting new technology
operative period of the
50% of its existing gross production process and / or
scheme
fixed capital investment improving quality of products
‹#›
SIDA -Swedish International Development Cooperation Agency

A sustainable economic growth that also includes poor
people requires well functioning markets and institutions
Clear legislation and less bureaucratic barriers helps people

to start a business, get a job or act as a consumer
SIDA can contribute to the development of small scale

industry through training micro credit and by increased
market access for poor entrepreneurs
‹#›
SIDA -Swedish International Development Cooperation Agency

SIDA’s development aid for job creation also includes giving
people access to vocational training, supporting employment
services and job matching, supporting effective social
dialogue and strengthening of labor market parties, as well as
making sure that working conditions are good or developing
the necessary infrastructure
SIDA also supports, among others reforms that help improve

business climate, strengthening of value chains and
development of small businesses
‹#›
SISI - Small Industries Service Institute

SISI provides consultancy and training to small and
prospective entrepreneurs
They also provide “Economic information services,

provision of workshop facilities, training and other
general consultancy services”
The activities of SISs are co ordinate by

industrial management training division of the
DC, SSI office New Delhi
‹#›
SISI specializes in:
To recommend SSI’s for financial assistance for financial

institutionsDo you think English is phonetic
Conduct economic and technical surveys and prepared

techno economic feasible reports for selected areas and
industries
To advice the central and state governments on policy

matters relating to small industry development
‹#›
SISI specializes in:

To assist in testing of raw materials and
products od SSIs, their inspection and quality
control
Organize seminars workshops and industries

clinics for the benefit of entrepreneurs
‹#›
NSIC - National Small Industries Corporation Limited
National Small
Industries Corporation It is working to aid, NSIC acts as a
Limited (NSIC) is a foster and promote facilitator and has
mini ratna PSU the growth of devised a number of
established by the MSMEs (micro schemes to support
government of India in small and medium enterprises in their
1955. It falls under enterprises) all marketing efforts,
Ministry of Micro Small across the country both domestic and
& Medium enterprise foreign markets
of India
‹#›
NSIC offers small enterprises the following support services through its technical services centers and
extension centers
Do you think
Advice on application of new
English is phonetic
techniques
Material testing facilities through
accredited laboratories
Product Design
Common facility support in

machining
Energy and Environment
Services at selected centers
Classroom and practical training
for skill up gradation
‹#›
SIDO - Small Industries Development Organization
SIDO is the
national SME Do you think English is phonetic
development It is a major
agency of constituent of SIDO partners and networks with
India the ministry of other national providers of support
small scale and financial services to SMEs such
industries of as the small industries development
the bank of India (SIDBI) the national
government of small industry corporation(NSIC), the
India bureau of Indian standards (BIS), the
reserve bank of India (RBI) (India’s
Central Bank) and relevant agencies
of the governments of the 28 states
of the country
‹#›
SIDO provides services to small industry throughout the country by implementing a broad
program of activities and services including the following:

Entrepreneurship development
Two rule services
Testing centers
Extension services
R&D services
Consultancy Services
Policy Development
‹#›
Investment Procurement
‹#›
Project Formation
Conception

Initiation
Planning
Execution, Performance/ monitoring
Project close
‹#›
Project Formation- Management
Clearly define the scope of your project

Clearly select the members of your team
Manage Project
Outline your goals and keep them SMART
Manage your data
Monitor progress daily
Engender internal motivation in your team
Manage your resources wisely and prudently
‹#›
Feasibility
Feasibility is a process to analyze and

evaluate a proposed project to determine the
below mentioned things
Technically Feasibility within

Feasibility Profitability
the estimated
cost
‹#›
Feasibility Technical
Feasibility
Marketing Schedule
Feasibility Feasibility
Feasibility
Studies
Operational Economic
Feasibility Feasibility
Legal/Ethic
Cultural
al
Feasibility
Feasibility
‹#›
Legal Formalities
Register a Do you think English is phonetic

Obtain business
Follow business
Federal tax State and local tax permits and
business name laws and
requirements requirements licenses
regulations
‹#›
Investment procedure – Loan procurement – Banking processes
Availing government loans for small
scale businesses is quite easy
Since most government loans are dispensed

through banks and financial institutions, you
can directly approach them to avail loans
You can visit the nearest branch of the bank

or financial institution or financial institution
who will guide you on the loan application
process
‹#›
Productivity
Entrepreneurship is an important driver of economic
growth, employment and innovation and productivity
‹#›
Introduction to
Productivity
‹#›
Productivity - Definition
Productivity describes various measures of the

Do
efficiency of production you think English is phonetic
The effectiveness of productive effort,

especially in industry, as measured in terms of
the rate of output per unit of input
‹#›
Productivity - Necessity
Increases in output can only be due to increases

in the inputs to the production process, or to the is phonetic
efficiency with which they are used
Productivity growth is our opportunity to increase

output without increasing inputs and incurring
these costs
‹#›
With growth in productivity, an economy is able to produce

– and consume – increasingly more goods and services for
the same amount of work
Productivity growth is our opportunity to increase output

without increasing inputs and incurring these costs
‹#›
Productivity growth is important to the firm because it

means that it can meet its obligations to workers,
shareholders, and governments, and still remain
competitive or even improve its competitiveness in the
market place
A country’s ability to improve its standard of living over

time depends almost entirely on its ability to raise its
output per worker
‹#›
GDP - Meaning
Gross DomesticDoProduct
you think
(GDP) isEnglish
an is phonetic
aggregate measure of production equal to
the sum of the gross values added of all
resident and institutional units engaged in
production and services (plus any taxes
and minus any subsidies, on products not
included in the value of their outputs)
‹#›
Affecting Factors
‹#›
Factors that Affect Productivity
Technical Production
Factors Factors
Location Organizational
Factors Factors
Government Personnel
factors Factors
Productivity
Management Finance
Factors Factors
‹#›
Comparative Productivity
in Developed Countries
‹#›
Comparative Productivity in Developed Countries
Manufacturing
• For manufacturing, there are marked differences in comparisons based on output per worker and those
based on output per hour worked. This reflects wide differences in average hours worked in
manufacturing, with UK manufacturing workers putting in around 20% more hours on average than their
French and German counterparts, but around 12% fewer hours than US manufacturing workers
Germany France The United States
⚬German output ⚬French ⚬US

in per hour manufacturing maufacturing
manufacturing output is per output is per
is estimated to hour 18% hour 45%
be 24% above higher higher
the UK
‹#›
Construction
• A research found that if construction productivity were to catch up with that of the total
economy—and it can—the sector’s value added would increase by an estimated $1.6
trillion, adding about 2 percent to the global economy. Such a gain is equivalent to
about half of the world’s annual infrastructure need
‹#›
Living Standards
• Standards of living are usually higher in developed countries such as the United States.. In fact, basic measures of the standard of
living (such as per capita GDP).
• A standard of living is the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a
certain geographic area. The standard of living includes basic material factors such as income, gross domestic product (GDP), life
expectancy, and economic opportunity. The standard of living is closely related to quality of life, which can also include factors such
as economic and political stability, political and religious freedom, environmental quality, climate, and safety
• A few countries with the highest quality of life below:
• Netherlands — 88.65. ...
• Norway — 88.70. ...
• Sweden — 88.80. ...
• Switzerland — 88.87. ...
• Australia — 89.13. ...
• Denmark — 89.39. ...
• Canada — 89.49. ...
• Finland — 90.09. Everyone says Scandinavian nations have the highest standard of living, and now Finland has made it official
‹#›
Personal Finance
Management
Having personal finances in order is a pre requisite
for being an entrepreneur
‹#›
Banking Process
• There are bank tools that help you to meet your financial goals.
• Personal financial management software simplifies and visualizes

your financial data. Do you think English is phonetic
• PFM banking software makes it simple to track expenses and goal
progress so you can stay organized and on-track for life’s biggest
financial challenges.
Through PFM dashboard, you can:

Improve Track progress Visualize Automate
financial on financial financial health personal
behavior by goals and at any given notifications to
setting and milestones time manage
managing overspending
budgets
‹#›
Personal Finance Income
Do Protection
you think English is phonetic
Spending
Personal
Finance
Investing Saving
‹#›
What is Personal Finance?

Personal finance is the process of planning and managing
personal financial activities such as income generation,
spending, saving, investing and protection
The process of managing one’s personal finances can be

summarized in a budget or financial plan
‹#›
Handling ATM
Starting the Completing Ending your

processDo you transactions
think English session
is phonetic
‹#›
Handling ATM
#1. Starting the Process

Practice Insert your Try to use Select your Enter your
basic safety debit card ATMs and language PIN when
procedures into the debit cards prompted
ATM that are
issued by
the same
bank
‹#›
Handling ATM
#2. Completing Transactions

Withdraw Deposit money Check your Transfer money

money account or make
balance payments
‹#›
Handling ATM
#3. Ending your Session

Follow the prompts Don’t forget to take Switch to mobile

to end your session your card and banking
money
‹#›
KYC Registration Process
Do you
Step 1 think English is phonetic
Download KYC form Visit ‘downloads’ Take a print out of

from any of the section of the KYC application
AMC’s website http://www.cvlindia.c form for individual
om/ (for fresh KYC)
‹#›
Step 2
Fill in the form as Provide self attested Proof of identity

instructed copies of the Proof of address
documents and PAN Card
carry originals for in- Photograph
person verification
‹#›
Step 3
Submit the duly filled Or registered transfer There are no fees for
and attested form to agent KYC registration
either AMC with
which you wish to
invest
‹#›
Safe Cash Handling
Organization is key to
effective cash handling
Keep an eye on your

cash
Keep improving
‹#›
Safe Cash Handling
Enforce policies and

procedures
Keep less cash in hand
Maintain a schedule
Ask for help to manage

cash
‹#›
Personal Risk and Insurance
• Personal risk insurances provide a financial benefit in the event of you suffering a serious injury or
illness, or death for you and your dependants.

• You and your dependents rely on your income to meet day-to-day living expenses, their lifetime
expectations and to meet the major expenses that are part of your standard of living.
• If you are unable to work, you may also have to pay for the things you now do for your family.
‹#›
Personal Risk and Insurance
Term
Insurance
Business Endowment
Insurance
Home Loan Life Whole of

Insurance Insurance Life
Disability Critical
Income Illness
Total and
Permanent
Disability
‹#›
Labor Welfare Acts
Labor welfare acts to empower the entrepreneurs
‹#›
Labor Welfare Fund Act
It is the provision of the government to

ensure some basic and necessary
services amenities and facilities to the
workers
‹#›
Labor Welfare Fund Act
This act is to ensure the better life and

standard of living of the employees
‹#›
The Factories Act, 1948 - Benefits
Working Hours Health Safety Welfare

‹#›
Apprenticeship Act, 1961 - Benefits
Stipend Test and grant of Engagement of Age relaxation for

apprentices after
Certificate
training
recruitment
‹#›
Employees’ State Insurance Act, 1948 - Benefits
Medical Sickness Maternity Disablement Dependents’

benefit benefit benefit benefit benefit
‹#›
The Payment of Wages Act, 1936 - Benefits
Employer’s Fixation of wage

responsibility for period Time of payment of
payment of wages wages
‹#›
Employees Provident Fund Act, 1952 - Benefits
Pension Premature Higher

Tax benefit Insurance benefit withdrawal returns
benefit option
‹#›
The Workmen’s Compensation Fund Act - Benefits
Medical benefits Disability/ Indemnity Death benefits

benefits
‹#›

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Industry Skills

Excelling at the workplace

Labour Welfare Act

Entrepreneurship is the act of creating a

It is also about transforming the world by

The meaning of Many start up Entrepreneurship is

• Entrepreneurial education in schools have become widely recognized in recent times.

#6. Decision Making

It is the process that activates and motivates the

It refers to the forces or drive within an entrepreneur that

Organization of labor force

Supply of tools and machines

Anticipation of market changes

Wealth creation & sharing

Interests and hobbies

Brainstorming and dreams

Trade fairs and exhibitions

Personal experience and talents

⚬Do your research

⚬Plan your finances

⚬Choose a business structure

⚬Pick and register your business name

⚬Get licenses and permits

⚬Choose your accounting system

⚬Set up your business location

⚬Get your team ready

Step ⚬Promote your business

Disciplined Self Starter Competitive

Creativity Determination Strong Strong Work Passion

Do you think English is phonetic

To consolidate your strengths

To explore the opportunities present in

To avoid threats that can endanger

Domain Opportunities Threats

Favorable economic Recession, growth of

Consumer salary Shifts in consumer

Innovation; lower prices

What are we best at? DoWhere

What specific attitude What kind of training are

What financial What is our financial

What new technologies can we What new legislation could

The phase of the Product Life Cycle

Market Introduction Defining Characteristics of this Stage

Costs will be highest. This is because

Growth Defining Characteristics of this Stage

Do you think English

Distribution is increased to accommodate

Marketing focuses on a wider audience Brand/Product awareness will rise

Competitors are likely to enter the market

Do you think English is phonetic

Do you think English

Attempts are made to recreate the product

The product may become a legacy offering

Costs are reduced as far as possible Prices fall further

Profitability depends less on sales that the

Sales refers to the Do you think English is phonetic

Sales management is a business discipline, which focuses on

It is done in an efficient and effective manner through

The main objective is to develop and administer a selling