The entrepreneur is the key factor in the economic development of a nation. Entrepreneurial Development has been recognised globally as vital to rapid and sustainable economic growth as well as welfare of the people.
The expected development is possible only when educated young people come forward to start industries of their own. In these days of uncertain business environment and highly sophisticated information technology, prospective entrepreneurs have to be motivated and trained to take up self employment ventures.
Recognising the importance of entrepreneurial development, the Government of India has formulated several policies, established many institutions and initiated incentive schemes to motivate, train and develop entrepreneurs in the country. In addition, the state governments have implemented their own schemes to develop and nature the growth of MSMEs.
Having felt the need to stimulate and develop the hidden talents of entrepreneurship in the minds of students, almost all Universities and colleges have included a component relating to entrepreneurship development in their undergraduate and postgraduate programmes.
The present book is designed as a text book to cater to the reeds of students who pursue undergraduate courses in colleges of Tamil Nadu.
The major features of the book are as follows:
● Exhaustive coverage of the syllabus.
● Presentation of various aspects of entrepreneurial development in a simple and lucid style.
● Arrangement of chapters in a cohesive and logical manner.
● Inclusion of both objective and descriptive type questions at the end of each chapter.
Contents –
1. Entrepreneur
1.1 Meaning
1.2 Definitions
1.3 Characteristics of an Entrepreneur
1.4 Functions of an Entrepreneur
1.5 Types of Entrepreneurs
1.6 Entrepreneurial Competencies
1.7 Entrepreneur and Economic Development
1.8 Test Your Knowledge
2. Entrepreneurship
2.1 Meaning
2.2 Definitions
2.3 Characteristics
2.4 Types of Entrepreneurship
2.5 Phases of Entrepreneurship Development
2.6 Environment for Entrepreneurship
2.7 Self Employment
2.8 Entrepreneurship Scenario in India
2.9 Test Your Knowledge
3. Business Idea
3.1 Business Idea
3.2 Design Thinking Process
3.3 Business Opportunities
3.4 Turning Idea into Business Opportunity
3.5 Value Addition
3.6 Test Your Knowledge
4. Creativity and Innovation
4.1 Meaning of Creativity
4.2 Phases of Creativity
4.3 Areas of Creativity
4.4 Techniques to Enhance Creativity
4.5 Key Aspects of Creativity in Business
4.6 Core Components of Creativity
4.7 Importance of Creativity
4.8 Innovation – Meaning
4.9 Sources of Innovation
4.10 Drucker’s Five Principles of Innovation
4.11 Types of Innovation
4.12 Organisation Culture and Innovation
4.13 Creativity, Innovation and Entrepreneurship
4.14 Test Your Knowledge
5. Project Identification
5.1 Meaning of Project
5.2 Definitions of Project
5.3 Project Life Cycle
5.4 Project Identification
5.5 Information Technology
5.6 Test Your Knowledge
6. Project Appraisal
6.1 Meaning and Definition
6.2 Market Feasibility Analysis
6.3 Technical Feasibility Analysis
6.4 Financial Feasibility Analysis
6.5 Break-even Analysis
6.6 Test Your Knowledge
7. Project Report
7.1 Meaning
7.2 Components of a Project Report
7.3 Contents of a Project Report
7.4 Importance of a Project Report
7.5 Test Your Knowledge
8. Sources of Finance
8.1 Introduction
8.2 Long-term Sources of Finance
8.3 Short-term Sources of Finance
8.4 Test Your Knowledge
9. Forms of Ownership
9.1 Introduction
9.2 Sole Proprietorship
9.3 Partnership
9.4 Cooperative Organisation
9.5 Joint Stock Company
9.6 Limited Liability Partnership
9.7 One Man Partnership or One Person Company
9.8 Choosing the Form of Ownership
9.9 Test Your Knowledge
10. Institutional Support to Entrepreneur
10.1 Introduction
10.2 Institutions at National Level
10.3 Institutions in Tamil Nadu
10.4 Other
10.5 Test Your Knowledge
11. Women Entrepreneurs
11.1 Meaning
11.2 Concept of Women Entrepreneur
11.3 Types of Women Entrepreneurs
11.4 Male Entrepreneurs vs. Women Entrepreneurs
11.5 Institutions Supporting Women Entrepreneurship Development
11.6 Government Schemes for Women Entrepreneurs
11.7 Scenario of Women Entrepreneurs in India
11.8 Test Your Knowledge
12. Micro, Small and Medium Enterprises – An Overview
12.1 Introduction
12.2 Evolution of Concept of Small-scale Industry
12.3 Concept of Micro, Small andMedium Enterprises
12.4 Importance of MSMEs
12.5 Test Your Knowledge
13. Starting A Micro, Small and Medium Enterprise
13.1 Business Idea
13.2 Preparation of Preliminary Project Report (PPPR)
13.3 Form of Ownership
13.4 Preparation of Detailed Project Report
13.5 Location
13.6 Procurement of Land/Shed
13.7 Apply for Registration
13.8 Apply for Term Loan and Working Capital Loan
13.9 Apply for Subsidy
13.10 Place Order for Machinery
13.11 Arrange for Power Connection
13.12 Insurance
13.13 Government Clearances
13.14 Procurement of Raw Materials
13.15 Recruitment and Training of Staff
13.16 Establish Product Distribution Network
13.17 Trial Runs
13.18 Commencement of Commercial Production
13.19 Test Your Knowledge
14. Incentives for Micro, Small and Medium Enterprises
14.1 Meaning
14.2 Objectives
14.3 Subsidy – Meaning
14.4 Central Government Subsidy Schemes
14.5 Assistance
14.6 Technical Assistance
14.7 Subsidy Schemes of Government of Tamil Nadu
14.8 Test Your Knowledge
