Class 12 Entrepreneurship: Entrepreneurial Planning
Chapter 2: Entrepreneurial Planning — understand the forms of business organisation, business plan preparation covering venture, production, finance, HR, marketing, and risk assessment, and the formalities for starting a business. CBSE Class 12 Entrepreneurship notes covering 11 topics: Economic Activities and Business, Forms of Business Organization, Sole Proprietorship, Partnership, Joint Stock Company, HUF and Co-operative Society, Introduction to Business Plan, Business Plan Venture and Production, Business Plan Finance and HR, Business Plan Marketing and Risk, and Formalities for Starting a Business.
Topics(11)
Economic Activities and Business
Meaning of economic and non-economic activities, types of economic activities, nature and characteristics of business. CBSE Class 12 Entrepreneurship notes
Forms of Business Organization
Classification of business enterprises: private sector, public sector, joint sector, and factors affecting choice of business form.
Sole Proprietorship
Meaning, characteristics, suitability, legal formalities, and case study of sole proprietorship. CBSE Class 12 Entrepreneurship notes
Partnership
Meaning, characteristics, partnership deed, consequences of non-registration, and registration procedure. CBSE Class 12 Entrepreneurship notes
Joint Stock Company
Meaning, characteristics, private vs public company comparison, privileges, and suitability. CBSE Class 12 Entrepreneurship notes
HUF and Co-operative Society
Joint Hindu Family business, co-operative societies, and comparison of all business forms. CBSE Class 12 Entrepreneurship notes
Introduction to Business Plan
Meaning, importance, and components of a business plan for entrepreneurial ventures. CBSE Class 12 Entrepreneurship notes
Business Plan: Venture & Production
Venture description, production plan, and operational aspects of the business plan. CBSE Class 12 Entrepreneurship notes
Business Plan: Finance & HR
Financial plan, human resource plan, and organizational structure in the business plan. CBSE Class 12 Entrepreneurship notes
Business Plan: Marketing & Risk
Marketing plan, risk assessment, and contingency planning for the business venture. CBSE Class 12 Entrepreneurship notes
Formalities for Starting a Business
Legal procedures, registrations, licenses, and compliance requirements for new business ventures. CBSE Class 12 Entrepreneurship notes
Questions by Textbook
Study Simplify Special
Frequently Asked Questions
In which business organisation, there is a separation of ownership and management?
AB Ltd. was into manufacturing security cameras for household and commercial buildings. Their Research and Development team came up with a new idea of manufacturing drones as security cameras which will give a 360-degree view of the entire building. They needed huge finance for the same. The company MD Sharath heard of this group of venture capitalists who are ready to invest in new ideas. He seeked an appointment with them and started preparation of a business plan to be presented before them. His plan was to make an informative PowerPoint presentation showing key graphs of financial trends. It was meant to trigger discussion among the members. Which format of business plan is Sharath using?
Vinita, Bhavana, Rani and Nandini are all good friends in the age group of 15-17 years of age. All of them decided together to start a business venture of making soaps at home using natural ingredients. They decided to name their venture as 'O & HM' meaning Organic and Home Made. They spoke about their venture to their parents and asked them if their business could be registered so that it will be easy to divide the profits. Vinita suggested that they should register it as a partnership firm. Can they form a partnership firm?
Karan has learnt the art of zardozi work from his grandfather and father. He opened a designer boutique exclusively for bridal wear all by himself. He introduced new designs in his work which is highly appreciated by everyone. What form of business organization is operated by him?
Match the following characteristics of a joint stock company as given in Column I with the meaning as given in Column II:
| Column I | Column II | | --- | --- | | Artificial Person | It has an independent status separate from its members | | Separate legal entity | The liability of the shareholders is limited to the extent of the amount of shares held | | Limited Liability | It can be terminated as per the Companies Act | | Winding up | It is treated by law and has a distinct personality of its own |