December 2018
Beginner
433 pages
21h 2m
English
book
Entrepreneurship Development and Small Business Enterprises, 3rd Edition by Pearson
by Charantimath Poornima M.
Content preview from Entrepreneurship Development and Small Business Enterprises, 3rd Edition by Pearson
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158
PART 2: NEW VENTURE CREATION
PROCEDURE FOR SETTING UP AN ENTERPRISE
The formalities for setting up of a business enterprise are shown in Figure 7.1 and discussed below.
Selection of a Project
A strong entrepreneur is the most vital aspect of every successful project. In order to set up a
business enterprise, a suitable project has to be decided upon. This involves selecting a product
or service, and a location for the unit. Based on these selections, a
project feasibility study has
to be conducted and then a brief profile has to be
prepared for the proposed project. Then an
entrepreneur has to prepare a business plan. Depending on the type ...
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