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RANJEET KUMAR
SHUDHANSHU SETHI RAVI RAJORIA UMMED SINGH
SOURABH JAIN
BUSINESS LOCATION
BUSINESS LOCATION
In
general a business will look to locate its activities where the costs of production are minimised The nature of the business will heavily influence location decisions:
Type and nature of market Type of business production of goods or services, retail, wholesale? Sector primary, secondary, tertiary, quaternary?
QUANTITATIVE FACTORS
QUANTITATIVE FACTORS
COST
Fixed Costs
Site costs Availability of grants/subsidies Cost of loans associated with set up Cost of utilities - gas, water, electricity Cost of hiring fixed salaried staff Cost/availability of technology
Variable Costs
Nearness to market Cost of raw materials Cost of sourcing supplies Transportation costs
LOCATION
Some businesses have in little Others may depend choice locate a some where cases they on specific coal mine has tobusy be near a locations in source of coal but city shopping areas, transporting the where for example coal but to could it is needed can be expensive have a virtual location through developments in technology
Image copyright: Joshua Argeliss, http://www.sxc.hu
QUALITATIVE FACTORS
QUALITATIVE FACTORS
Factors that cannot be quantified but which may have a significant impact on the location decision May influence the long term outcome of the location decision Need to consider impact on and response from stakeholders in the business
INTERNATIONAL LOCATION
Business Formation Team The Business Formation team is group of people, entrepreneurs or investors who are interested to start the new entrepreneurial venture with common goal . Other Funding Resources Several outside resources to assist with funds to ensure a robust development program for new venture concepts. Catalyst Resource Network The functionality of Catalyst Resource Network is to provide a worldwide network of advisors, volunteers, consultants, management candidates and students for the talent needs for technologies and start-up ventures and other assistance.
BUSINESS OWNERSHIP
Legal Forms of Business
Sole Proprietorships
Partnerships
Corporations
General Partnership
Regular Corporation
Limited Partnership
SOLE PROPRIETORSHIPS
Business owned (and usually operated) by one person Simplest form of business ownership Most popular form of business organization 72.2% of all Most common in:
Ease of Startup
Least expensive to start Pride of Ownership Retention of profits Flexibility No Business Income Tax
PARTNERSHIPS
Two or more owners Least numerous form 7.7% of all businesses Partnership Agreement
Specifies rights and obligations of partners If written, called the Articles of Partnership (Articles of Co-partnership)
PARTNERSHIP -- ADVANTAGES
Greater Access to Capital Greater Access to Credit Retention of Profits More Management Expertise No Business Income Tax
PARTNERSHIP -- DISADVANTAGES
Shared Profits Unlimited Liability for General Partners Each partner has Agency power Limited Life
TYPES OF PARTNERS
General Partner
Limited Partner
Liability limited to Investment May not take active managerial role
TYPES OF PARTNERS
General Partnership
Limited Partnership
CORPORATIONS
Generally
Considered
Ownership
CORPORATIONS -- ADVANTAGES
Limited Liability Ease of Ownership Transfer Unlimited Life Greater Access to Capital Specialized Management Expertise
CORPORATIONS -- DISADVANTAGES
ORGANIZATIONAL CHART
Owners/ Stockholders/ Shareholders
Board of Directors
President
TYPES OF CORPORATIONS
Government-Owned
Corporation
aka Public Corporation Owned & operated by government Post office, NASA, FDIC
Quasi-Government
Corporation
Aka Quasi-Public Corporation Privately owned, government controlled monopoly Public utilities, Fannie Mae, Freddie Mac, Sallie Mae
Private
Corporation
TYPES OF CORPORATIONS
Not-For-Profit
Corporation
Organized to provide a social, educational, religious, or other service Habitat for Humanity, Red Cross
For-Profit
Corporation
Stock is bought and sold on security exchanges Can be purchased by any individual
GOVERNMENT
(1)
SUPPORT TO
ENTREPRENEURSHIP
To provide information on regulation standard taxation, customs duties, marketing issues
(2)
To advice on business planning, marketing and accountancy, quality control and assurance
To create incubator units and space for business beginner and innovators To help in looking for partners
(3)
(4)
Promotional schemes- government accords the highest preference to development of MSME by framing and implementing suitable policies and promotional schemes Concession on excise duty- a turn over of 1 crore or less per year has been exempted from payment of excise duty
Credit facility credit to micro, small and medium scale sector has been covered under priority sector leading by bank small industrial development bank of India (SIDBI) has been established as the apex institution for financing the MSME
Seed capital/margin money assistance schemes Priority in allotment of power connection, water connection Consultancy and technical support
The governments of India as well as several state governments provides several benefits and incentives to promote industrialisation of backward area both the central and state governments share the cost of some of the incentives provided
PRESENTATION ON LICENSING
Licensing
It is a contractual agreement between two business entities whereby the licensor (selling firm) allows the licensee (the buying firm) to use its Technology - Patents - Trademarks -Designs - Processes - Intellectual property in exchange for a fee or a royalty.
DEFINITIONS:
According to Andrew Wakefield the transfer of rights to manufacture or market a particular product to another individual or organization through a legal arrangement or contract. It usually requires that a fee, commission, or royalty is paid to the licensor.
According to pat upon licensing is a practice of allowing a manufacturer to affix the idea ,character , design , or other representation owned by another to his product.
OBJECTIVES:
The major objective of licensing system is to give effect to the industrial policy of the government. To protect and promote small scale sector. To regulate foreign capital and technology. To maintain a proper demand-supply balance. To encourage exports and the substitution of imports. To conserve foreign exchange.
LIST
1. 2. 3. 4. 5. 6.
7. 8.
Hazardous chemicals.
Drugs and pharmaceuticals.
5. Possible high rate of obsolescence / short product life cycle for new technology maximize scope for exploitation
4. 5.
4.Giving credibility for moving into new market sectors through product extension 5. Gaining additional retail space and favour
3.
4. 5.
ESTABLISHED:- 1955 MISSION :- PROMOTING AIDING AND FOSTERING THE GROWTH OF MICRO, SMALL & MEDIUM ENTERPRISES (MSMES) IN THE COUNTRY. SELF-EMPLOYMENT OPPORTUNITIES
OBJECTIVES
Collect and disseminate marketing intelligence Database of Bulk Buyers (Product wise) Buyers in Government / Public Sector Undertakings. Database of Rate Contracts of various Government Department and PSUs. Information on Tenders Floated by Government Department and PSUs. Database of Indian Exporters to various Countries with Products. Database of International Buyers with Products. Database of Technology Suppliers & Projects for MSMEs List of Micro & Small Enterprises registered with NSIC for Government
Up gradation of technology, Quality consciousness, Strengthening linkages. wide network of 123 offices and Technical Centres in the country. 48 Training-cum-Incubation, NSIC operates from its office in Johannesburg, South Africa for african nations.
OPPORTUNITIES
FOR
Bulk buyers in Government / Public & Private Sector Exporters International Buyers Technology Suppliers Units registered with NSIC under Single Point Registration Schemes
UNIQUE FACILITIES
Bank
credit facilitation scheme Performance & credit rating scheme . Techmart India-International Technology Exposition
It
Business
Machine & Machine Tool Bio Technology Information Technology Textile/Packaging machine Industrial Products Pharmaceutical & Chemicals Low Cost Building Technologies/Materials Leather & Leather products Auto Components Glass & Ceramics Electricals & Electronics Agro & Food Processing
RECOGNITIONS
Icon of the year Award Meri Dilli Award: Small Business Mentor of the Year Award: FSIA V.B. Gulati Award Mini Ratna
VISION
Enhance the competitiveness of the existing enterprises Contribute towards sustainably establishing more number of potential enterprises Accelerate the employment generation Contribute towards economic growth Provide highly skilled Man Power to industries
STRATEGY
Appropriate adoption of EDP Model Joint screening and selection of candidates Selection of appropriate project Providing hand holding
Financial and marketing support services Entrepreneur Skill Development Programme Entrepreneur Development programme (EDP) Online Provisional SSI Registration Buyer Seller Meet(BSM) Feasibility Reports Industrial Potential Survey Reports Marketing Assistance Seminars, Awareness, Workshop Technical consultancy Preparation of Project Reports Common Facility Workshop - Chennai
MSME DI regularly conducts general and product specific EDPs for prospective entrepreneurs. These programmes are conducted for 4 weeks in the trades of Screen Printing, Manufacture of Leather goods, Chemical and allied products, Electronics, Repair and servicing of electronic and electrical appliances etc,
In the Entrepreneurship Skill Development Programme we provide Entrepreneurship Skill & Technical Skill inputs for employed and unemployed youth in various sectors.
PROCESS
DECISION TO BE SELF EMPLOYED PRODUCT SELECTION PREPARATION OF PRELIMINARY PROJECT REPORT (PPR) DECIDE ON THE FORM OF OWNERSHIP LOCATIONIONAL CONSIDERATIONS PROCUREMENT OF LAND & BUILDINGS
CONTINUE PROCUREMENT OF MACHINERY/EQUIPMENTS PREPARATION OF DETAILED PROJECT REPORT FILING OF ENTREPRENEUR MEMORANDUM PROCESSING FOR FINANCIAL ASSISTANCE OBTAINING STATUTORY LICENSES AND CLEARANCES PROCUREMENT OF BASIC INFRASTRUCTURE REQUIREMENTS
CONTINUE
TRAIL PRODUCTION COMMERCIAL PRODUCTION ESTABLISH YOUR MARKET NETWORK PERFORMANCE REVIEW MODERNISATION AND TECHNOLOGY UPGRADATION AVOIDING SICKNESS
DIFFERENT ARES
AGRICULTURAL TRACTORS SERVICING AUDIO CASSETTE RECORDING CENTRE AUTO TROLLEY RENTALS BATTERY SERVICING BICYCLE SERVICING AND RENTALS CABLE T.V. CEMENT DEALERSHIP COFFEE/TEA VENDING CONCRETE MIXING AND VIBRATING EQUIPMENT RENTAL SER EXERCISE NOTE BOOKS FRUIT JUICE VENDING MAGAZINES AND NOVELS SHOP . AND MANY MORE
BABSON COLLEGE
Established September 3, 1919 Type Private President Leonard A. Schlesinger Students 3,439 Undergraduates 1,851 Location Wellesley, Massachusetts, United States Coordinates: 421753.63N 711540.29W
HISTORY
Roger Babson on September 3, 1919, as the Babson Institute Businessmen made up the majority of the faculty instead of academics
ACADEMICS
Bachelor of science
MBA
RANKINGS
Ranked #1 in entrepreneurship Ranked #39 overall in the Bloomberg Business week 2012 rankings.
Forbes ranked Babson at #44 among US business schools based on return on investment. Bloomberg Businessweek ranked Babson at #11 among US schools based on return on investment
NIESBUD
NIESBUD is an apex institute in the area of entrepreneurship and small business development under the Ministry of Micro, Small & Medium Enterprises, Government of India. The basic objects for which the Institute has been established are : promotion and development of micro, small and medium enterprises including enhancement of their competitiveness through different activities. The Institute has conducted a total of 4,360 Training Programmes covering 1,17,781 participants which includes 146 International Training Programmes with 2,208 participants from ,more than 120 countries till date.
ACTIVITIES
ssisting/supporting EDPs A Training for trainers/promoters Creation & capacity building of EDP Institutions. Small business focus National/international forum for exchange of ideas & expressions. Developing entrepreneurial culture. National entrepreneurship development board (NEDB) Services to affiliate members. Sustaining entrepreneurship
OBJECTIVE
Assisting/supporting EDPs Training for trainers/promoters Creation & capacity building of EDP Institutions. Small business focus National/international forum for exchange of ideas & expressions. Developing entrepreneurial culture. National entrepreneurship development board (NEDB) Services to affiliate members. Sustaining entrepreneurship Objectives:To evolve standardized materials and processes for selection, training,support and sustenance of entrepreneurs, potential and existing. To help/support and affiliate institutions/organizations in carrying outtraining and other entrepreneurship development related activities
To serve as an apex national level resource institute for accelerating the process of entrepreneurship development ensuring its impact across the country and among all strata of the society. To provide vital information and support to trainers , promoters and entrepreneurs by organizing research and documentation relevant to entrepreneurship development. To train trainers, promoters and consultants in various areas of entrepreneurship development. To provide national/international forums for interaction and exchangeof experiences helpful for policy formulation and modification atvarious levels.
To offer consultancy nationally/internationally for promotion of entrepreneurship and small business development. To share internationally experience and expertise in entrepreneurship development. To share experience and expertise in entrepreneurship development across National frontiers
FUNCTIONS
NIESBUD also serves as the secretariat for National Entrepreneurship development Board(NEDB) ,the apex body which determines policy for entrepreneurship development in the country. The institute, therefore, performs the task of processing the recommendations made by the Board. To serve as an apex National level resource institute to accelerate the process of entrepreneurship development ensuring its impact throughout the country among all strata of the society To organize and conduct training programes .
To co-ordinate the training activities of various institutions and organizations in the country imparting training.
To identify potential entrepreneurs from among technical and nontechnical personnel.
To train the potential entrepreneurs who are identified. To assist the potential entrepreneurs who are identified and trained. To hold examinations and test and confer certificates and diplomas on the trainers as well as trainees. To undertake documentations and tests and research in the field of entrepreneurship and small business development. To conduct work-shops, seminars and conferences etc for promotion and development