Unit 2: Entrepreneurial Development Programme

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Unit 2

ENTREPRENEURIAL DEVELOPMENT PROGRAMME


Unit II: Project Process:
The start-up process, Project identification –
selection of the project – project formulation
and evaluation – feasibility analysis, Project
Report.
What Is a Startup?

The term startup refers to a company in the first


stages of operations.
Startups are founded by one or more
entrepreneurs who want to develop a product or
service for which they believe there is demand.
Understanding Startups
Location
Legal Structure
Funding
Pros Cons
•More opportunities to learn •Risk of failure
•Increased responsibility
•Having to raise capital
•Flexibility
•Workplace benefits •High stress
•Innovation is encouraged
•Competitive business
•Flexible hours
environment
Project identification
A project is an economic activity with a well-defined objective with certain
durations and gains
to entrepreneurs.

A project is a scientifically evolved work plan devised to achieve a specific


objective within a specified period of time.
Sources of Project Ideas

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