Business Plan or Project Report 1. What is a

Transcript:Business Plan or Project Report 1. What is a:
Business Plan or Project Report 1. What is a Business Plan or Project Report? BP or Project Report, is a simple brief data-sheet that gives you an insight into the following: i) How much money, manpower and material would be required to set up the project? ii) What type of machines would be required? iii) What are the sources of technology that would be required? and iv) What would be the economic gains from the project? In short, is a brief outline of the project that tells you quickly about the viability of the project, so as to help you decide whether it is worth pursuing further or not. 2. Why Business Plan or Project Report? There are other advantages of preparing a PPR also: i) You get enough data quickly to fill up the form required for provisional registration of your unit with the state government. It is a must before commencing various time consuming formalities connected with planning and setting up of a small - scale unit. ii) The data you get from the report will help you in completing certain formalities in anticipation of setting up a project. For example, if you want to set up an electronic unit, you have to get your production programme approved from the concerned State/Central Government department. For this, you have to supply data about the projected production level and raw-material requirement, which you could get from report. iii) It will help you identify in advance the infrastructural requirement for your project and sound the concerned government agencies accordingly so that you can get necessary facilities such as land/shed at the right time. iv) Finally, the major contribution of a BP at the nascent stage of your entrepreneurial career is that it instills confidence in you and motivates you to start the time-consuming process of data collection and preparation of a Detailed Project Report (DPR). 3. How to Prepare a PPR? Let us, now see how best one can prepare a BP. a) In this section titled,’ General’, there is an item ‘location’. You may not be in a position to pinpoint the exact location, but then, you should indicate the city/industrial estate where you want to set up the unit. What is important is that you should satisfy yourself whether the location, in terms of geographical area, is appropriate after taking into account the availability of raw material, labour, marketing