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Entrepreneurs Business Plan


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Why a business plan for an entrepreneur? The reason is it defines your business, identifies your goals and serves as your firm’s resume. The business plan should include a current and pro forma balance sheet, an income statement, and a cash flow analysis. Additionally, it informs sales personnel, suppliers, and others about your operations and […]

Entrepreneurs Marketing


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Marketing is probably the most important activity of your venture. Unfortunately most of us are not well equipped in this area. It is worth spending your time to explore and learn marketing well before embarking in your venture.

Marketing Plan must integrate various marketing components to create customer value. In order to have a marketing […]

Entrepreneurs Project Management


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What is a project?

A project has a specific timeframe. It is inter-dependent on events with defined outcome and unique characteristics.

A specific timeframe means a temporary undertaking. The timeframe is usually from days to years (usually maximum 1 year). It is worthy to note that all projects must end and have deliverables along the […]

Entrepreneurs Strategic Planning


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Now that you have a good understanding of the finance aspect you can move on to look at the strategic planning for your idea. As former President of India said strength respects strength this is not only true with strength but with anything, if you are strong is something people will always respect you. Under […]

Intellectual Property Rights – India – Part 3


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Trade Marks

India is governed by the Trade Marks Act, 1999. A trademark is any distinctive word/s, symbol, emblem, name, logo, slogan, letters, drawings, pictures, colours or combination of colours or trade dress that a company uses to identify the origin of a product or to distinguish it from other goods in the market. It […]

Intellectual Property Rights – India – Part 2


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Patents

India is governed by The Patents (Amendment) Act 2005 and the Patents (Amendment) Rules 2005

A patent is a monopoly or exclusive rights granted by the government to a person who has invented a new and useful article or an improvement of an existing article or a new process of making an article […]

Intellectual Property Rights – India – Part 1


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Now that you have found your vehicle you need to stir it without the fruits of your labors being robbed. As all good entrepreneurs we must give credit when is due therefore I must place on record this article is written based on Chittu Nagarajan’s original material.

A good idea in itself is just an […]

Role of Venture Capitalist


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To provide funds for high risk but high return ventures. To arrange additional financing from other sources if required. Constantly assist study and revise the proposed business model and work on reformulating the overall strategy. Be on the look out identifying and employing key people and firing. Provide help in identifying supportive service companies and […]

Funding Options for your Venture


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Now that we have explored financial plan. In order to do so we need funding. In this chapter we will explore how to go about to funding your idea. I love the quote by Josephine Tessier “Anything that comes easy, comes wrong.” and I absolutely agree with her and I am sure you will also […]

Cash Flow Budget


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A cash flow budget is a projection of your business’ cash inflows and outflows over a certain period of time. A typical cash flow budget predicts the anticipated cash receipts and disbursements of a business on a month-to-month basis.

At least a six-month cash flow budget has to be prepared in advance. The primary purpose […]