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PERSONALITY
Prof. P. S. Francis
SFIMAR
Objectives
. Qualities of an entrepreneur.
Achievement motivation
An urge to excel
Desire to achieve success in competition with self
(previous performances)
Desire to achieve success in competition with
others( role models)
Long term goals and long term achievement
(consistent efforts)
Unique accomplishment
Perfection and excellence
(McClelland his famous book’ The achieving society’
defines achievement motivation as a desire to do well’ not so
muchfor the sake of social recognition but to achieve an inner
feeling of personal accompleshment.
Other motives identified by
McClelland
Ideation
Concept development
Commercialization
Improvement innovation
Business plan based on
Entrepreneurship
The business idea
Business areas
What is outline of your
business plan?
working prezentation
mini-plan
plan plan
The Different Types of Business Plans
Finalise loan
Register
Install machines
Trial production
Open business
Business Plan "Don'ts"
Standard Outline
EXECUTIVE SUMMARY
Form of Business
Organisational Structure
Business Experience and Qualifications of the
Entrepreneur
Pre-Operating Activities
Pre-Operating Expenses
Office Equipment
Administrative Expenses
Section 4 FINANCIAL PLAN
Project Cost
Financing Plan and Loan Requirement
Security for Loan
Profit and Loss Statement
Cash Flow Statement
Balance Sheet
Loan Repayment Schedule
Break-even Point (BEP)
Return on Investment (ROI)
Financial Analysis
When a business plan is being worked out, there
are too many big questions, the answers of which
only the entrepreneur can know, that are far too
important to be left to someone else who claims
that he can spare the entrepreneur the trouble of
preparing his own business plan - no one can do it
better than you!
Summary