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able to solve them to their satisfaction. The absence of friction with the
employeespaves the way for the smooth running of the business.
10. Inexpensive management - The soletrader is the owner, manager and
controller of thebusiness. He does not appoint specialists for various
functions. He personally supervises various activities and can avoid
wastage in the business. In this way managerial expenses are reduced to
a large extent.
11. Higher Credit Rating - The liability of a sole trader is unlimited.
Since, apart from his business assets, even his private properties are also
available for satisfying the claims of creditors. Hence, creditors may
give more loans because they can get back the loan from the personal
properties of soletraders. Thus high credit rating helps soletrader to
borrow more funds from suppliers and banks.
12 Self-Employment - Sole proprietorship provides self employment
opportunity to many persons with small resources. It offers a way of life
forsecuring the means of livelihood to those who do not want to serve
under others. It makes people self-dependent by providing selfemployment.
13 Development of Personality - Sole proprietorship facilitates the
development of personal qualities like self-reliance, initiative and
independent judgment.
14. Equal Distribution of Economic Wealth - Sole proprietorship
provides an equal opportunity to everyone for self development.
The unlimited liability of a sole proprietor may affect his enthusiasm and
restrict introducing novel ideas in business.
4. Short Life
Anything which affects the personal life of a soletrader affects his
business also. Prolonged illness or death of the soletrader brings the
affairs of his business to a stand- still. If his children are interested and
efficient to run the business, the sole trader business can be continued.
Otherwise it will be closed. The closure of a business will
cause inconvenience to the consumers and may also result in social loss.
5. Hasty Decisions
Decisions arrived at, after deep deliberations and discussions are sure to
be better than that of a decision taken by one man. It is rightly said two
heads are always better than one.The chances of wrong decision-making
are quite high in a sole trader business. This is because of the fact that
the sole trader takes all decision of the business himself without any
assistance.This may lead to wrong decisions. The hasty decisions may
result in loss and affect the soletrader.
6. Lack of Specialisation
The sole trader has to undertake all the work relating to business himself
such as buying,selling, accounting, financing,advertising etc. He is a
jack of all trades but master of none. It would be difficult to avail the
services of experts in his business because of small resources. So, the
bharti airtel
name
Bharti Airtel Limited.
business description
Bharti Airtel Limited is a leading global telecommunications
company with operations in 20 countries across Asia and Africa.
Headquartered in New Delhi, India, the company ranks amongst
the top 4 mobile service providers globally in terms of subscribers.
In India, the company's product offerings include 2G, 3G and 4G
wireless services, mobile commerce, fixed line services, high
speed DSL broadband, IPTV, DTH, enterprise services including
national & international long distance services to carriers. In the
rest of the geographies, it offers 2G, 3G wireless services and
mobile commerce. Bharti Airtel had nearly 287 million customers
across its operations at the end of Dec 2013
established
July 07, 1995, as a Public Limited Company
ISIN
INE397D01024
proportionate revenue
Rs. 219,385 million (ended Dec
Rs. 193,624 million ( ended Dec
As per IFRS Accounts
31,
31,
2013-Audited)
2012-Audited)
proportionate EBITDA
Rs. 70,934 million ( ended Dec 31, 2013 Rs. 57,749 million ( ended Dec 31, 2012As per IFRS Accounts
Audited)
Audited)
shares in issue
3997.4 Mn shares as at Dec 31, 2013
listings
Bombay
Stock
Exchange
Limited
National Stock Exchange of India Limited (NSE)
stock exchange symbol
NSE
BSE 532454
(BSE)
BHARTIARTL
market capitalisation
customer base
India: 198,513,000 GSM mobile; 3,355,000 Tele media
customers
and
8,807,000Digital
TV
Services
(status
as
on
Dec
31,
2013)
International:
76,733,000
GSM
mobile
customers.
(status as on Dec 31, 2013)
Administration
Joint Director is the head of the District Industries Centre. The post of Joint
Director is of the rank of Special Deputy Commissioner (Revenue). The Joint
Director is assisted by Deputy Director/ Assistant Director, Industrial
Promotion Officer and Industrial Extension Officer at taluk level.
Monitoring of DICs
The functions and activities are monitored by the Directorate of Industries
and Commerce.
Functions
A .Registration of MSMEs
IEM Part I to M S M Es
IEM Part II to M S M Es
of
Prime
Minister
Employment
Training.
Leaving
worksheds.
Improved toolkits.
Venture capital.
Equity Share.
cum
G. Other works
Sensitization programmes.
SECTORAL ADVANTAGES
The state offers very good opportunity for the industries in the sectors of Information
Technology, Bio-technology, agro processing, engineering, textiles, floriculture and
so on. The brief details on advantages-sector wise are given below :
Information Technology
Biotechnology
Electronics and Telecommunications
Agro Food Processing
Apparel
Handicrafts
Automobiles
Banking and Finance
Information Technology
Top
Top
Top
Top
Being a major producer of cotton (1,70,000) tonnes and silk (8,200 tonnes), it is only
natural that Karnataka should be a major center for textiles and garments with
exports of over Rs. 138 crores (US $ 1.4 billion) in the year 2006-2007. Many
leading international brands are now manufactured in Karnataka, viz. Arrow, Allen
Solly, Lacoste,Tommy Hilfiger, Lee, Levi Strauss.
The Karnataka Government actively encourages the industry by setting up apparel
parks that offer all modern facilities required for the industry to flourish.
Handicrafts
Top
Top
Top
Overview
Judith Green set up a lavender farm, cafe, craft shop and online
shopping service using local produce and involving her local
community in Somerset, UK.
About the business
Judith and her husband, Francis,
planned their business, Somerset
Lavender, for four years before they
opened in May 2006.
official help with their plans. They helped each other and had
good friends who helped at the planning stage. Judith went on
sustainable rural tourism course at Norton Radstock College which
was very useful at a critical stage and it helped them to make
contact with local people & refine their thinking.
What makes the business different?
Judith & Francis see sustainability as vital and that they need to
farm the land responsibly. They encourage their customers to
think of sustainability too. They have several initiatives such as
the stampy bag scheme whereby visitors receive a stamp on
their bag every time they visit and if they bring back a honey jar,
for example. This was their daughters ideas she is very keen on
recycling and visitors have responded well to the scheme. They
also recycle water from their roofs and barns through rain butts as
plants prefer rain water. Attractive dry stone walls surround the
farm which they carefully restore if they fall down or are damaged
by cattle. They try to help people to think of the countryside in a
slightly different way and think of what they can do to look after
it.
Managing the business
The visitor attraction is seasonal and is open May to September
when the lavender is in bloom. To manage this seasonality, Judith
attracts business through Christmas shopping events and markets
and online sales throughout the year. They do not make an
admission charge to the farm and generate income from the sale
of products and refreshments.
Judith and Francis are very pleased with the business after a very
steep learning curve. Visitors seem thrilled with the farm and
many return with friends and family.
Entrepreneur Questionnaire
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