Entrepreneurial Planning
Unit 2: Forms of business organization, business plan preparation, 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.
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.
Partnership
Meaning, characteristics, partnership deed, consequences of non-registration, and registration procedure.
Joint Stock Company
Meaning, characteristics, private vs public company comparison, privileges, and suitability.
HUF and Co-operative Society
Joint Hindu Family business, co-operative societies, and comparison of all business forms.
Introduction to Business Plan
Meaning, importance, and components of a business plan for entrepreneurial ventures.
Business Plan: Venture & Production
Venture description, production plan, and operational aspects of the business plan.
Business Plan: Finance & HR
Financial plan, human resource plan, and organizational structure in the business plan.
Business Plan: Marketing & Risk
Marketing plan, risk assessment, and contingency planning for the business venture.
Formalities for Starting a Business
Legal procedures, registrations, licenses, and compliance requirements for new business ventures.