EASY PHONES FOR YOUR

8/9/2019 EASY PHONES FOR YOUR

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EASY PHONES FOR YOUR

LOVED ONES


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ABSTRACT

The New Generation uses mobile phones in a wide range, which are well acquainted

with the technologies being used and the facilities available in it. But think of the old

which are not so much smart to exploit it. Lets give them a chance to use the basic

facilities like dialing a call from a person and receiving a call from a person. The

motive behind this project is to fulfill these main needs in an easier way for the senior

citizens and foe the physically disabled.

2


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Entrepreneurship Project

ACKNOWLEDGEMENT

Completing a job has never been an easy go for a single person; often it is the result of

invaluable contributions from individuals in the surrounding in a direct or indirect

manner.

I am deeply grateful to my advisor Mr.Jagannath Mohanty for having been a

constant source of encouragement for my Business Plan Report on Easy Phones for

Your Loved Ones.

In my association with my guide for this purpose, I experienced not only his in-depth

knowledge but also his affection towards me. I would like to thank all my friends who

have helped me for successful completion of my report.

Finally I thank Dr. Sangram Mudali, for his continued drive for better quality in

everything that happens at NIST. This report is a small contribution towards the

greater goal.


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TABLE OF CONTENTS

ABSTRACT ................................................................................................................... 2

ACKNOWLEDGEMENT ............................................................................................. 1

TABLE OF CONTENTS ............................................................................................... 2

1. GENERAL INFORMATION ..................................................................................19

2. ENTERPRENEURS PROFILE ...............................................................................20

3. TYPE OF PRODUCT/SERVICES ..........................................................................20

4. DETAILS OF THE PROPOSED PROJECT ...........................................................22

Land and Building: ...................................................................................................22

Machineries / Equipments: .......................................................................................22

Miscellaneous Fixed Assets: ....................................................................................23

Preliminary and Pre Operative Expenses: ................................................................23

Working Capital: ......................................................................................................24

Number of Working Days per Annum: ....................................................................27

Number of Working Shifts: ...................................................................................... 27

5.2.2 Utilities: ...........................................................................................................27

5.2.3 Salaries/Wages: ...............................................................................................28

5.2.5 Selling and Distribution Expenses: .................................................................28

6. TOTAL COST OF THE PROJECT .........................................................................29

7. MEANS OF FINANCE ........................................................................................... 30

8. PROFIBILTY PROJECTIONS ..............................................................................31

9. BREAK EVEN POINT ............................................................................................31

ENTREPRENEURSHIP PROJECT

Example of a footwear manufacturing company proposed to set up a unit

in an underdeveloped country.

Two investigators were engages to explore the possibilities of

manufacturing and selling of footwears.


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First report that no one uses footwear in that country and hence no reason

to setup an industry.

Second provided a different scenario by stating that there is a vast

opportunity of manufacturing and selling of footwear in that country and

untapped market.

A felt need for wearing a footwears can be created in the mind of

consumers.

This is the attitude of the Entrepreneur

Who can be able to identify the opportunity

Who can exploit the opportunity to a business venture?

Who can generate profit out of this venture?

Entrepreneurs are the people who have the ability to see and evaluate

business opportunities, to gather the necessary resources, to take

advantage of them and to initiate action to ensure success.

The quality of entrepreneurs is as follows

Ability to see and evaluate business opportunities

To gather the necessary resources

To take the advantage of them


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To initiate action

To ensure success

The word entrepreneur has been taken from the French word

entreprendre which means to under take

In the 16th century this process was applied to the persons engaged in

military expedition

In the 17th century it was extended to cover construction and other civil

engineering activities

A French banker named Richard Cantillan applied the word entrepreneur

to mean a person who bears uncertainty and risk.

Definitions(s):

An entrepreneur is the economic agent who unites all means of

production

Land of one

Labour of another

Capital of yet another(produces a product)

By selling the product in the market, he

Pays rent of land

Wages to labour ppp

Interest on capital


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Entrepreneur is an economic man who tries to maximize his profits by

Innovation (Involves problem solving).

An entrepreneur is one who always searches for change, responds to it and

exploits it as an opportunity.An entrepreneur is

Decision maker under uncertainty.

The one who does things in a new and better way.

Entrepreneurs are the people who have the ability for see and evaluate

business opportunities, together the necessary resources to take advantage

of them and to initiate appropriate action.

Combining the essence of all the above definition:

An Entrepreneur can be defined as visionary who dreams of innovation

through opportunities of in the environment who converts the dream into reality by

assembling factors of production and who undertakes the risk and handles the

uncertainties involved in a business venture

Characteristics of an entrepreneur:

A successful entrepreneur must be a person with:


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Technical Competence

Initiative goof judgment

Intelligence

Leadership qualities self confidence

Energy

Attitude

Creativity

Fairness

Honesty

Tactfulness

Emotional stability

Important characteristics of an entrepreneur:

Calculated Risk-taker

Innovation

Organization skill

Technical knowledge

Optimistic

Effective communication ability

Decision making

Creativity

Self-confident

Human relation ability

Business secrecy

Clear objectives

Mental ability


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Visionary

Desire for high achievement

Hard worker

Socially responsible

Courage to face adversities

Ability to exploit opportunities

Independence

Foresight

Calculated risk-taker:

Ability to take calculated risks.

Greater is the risk involved.

Avoids low-risk situation due to lack of challenge.

Avoids high-risk situation, because he wants to succeed.

Innovation

Innovation ability involves doing things in a new and better way.

Innovation ma y take several forms:

o Development of new products.

o Adoption of new methods of production.

o Creation of a new market.

o Conquest of a new source of raw-materials.

o New form of origin of industry.

o Entrepreneur conceives new ideas and puts them into effect in the

process of economic growth and development.


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Organization skill:

Has the capacity to combine all resources required for starting of an

entrepreneur and to produce goods.

Entrepreneur combines land, labour, capital to produce a product.

By selling product in marker

o He pap interest on capital

o Renton land

o Wages to labour

Being a good organizer entrepreneur is

o Energetic

o Resourceful

o Alert to new opportunities

o Able to adjust according to changing conditions.

He defines line of business, expansion, growth of an enterprise.

He performs planning, co-ordination, control-function.

Technical Knowledge

Minute details of the process and technology of marketing and marketing

of goods /services.

To keep abreast of latest changes in technology.


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Optimistic:

Look at the brighter side of the situation

Believe that the future will be favorable and they will be able to clean all

the hurdles for a bright future.

Effective Communication ability

Dealing with people to get his objective accomplished.

Decision making

Selection from among alternatives and evaluate the alternatives and come out

with the best decision.

Creativity

Shouted be creative

Ability to devise and successfully implant something new and better

This involves innovation or introduction of new product new method of

production new form of business, differ may be of dealing with problems.


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Self confident

Must have self confidence

Must have belief in themselves and ability to achieve their goals

Human relation

Must maintain good relation with his customers to get their loyalty

Must maintain good relations with his employees to motivate them to

perform their jobs at high level of efficiency

Must maintain good relations with suppliers, creditors, community etc

Business secrecy

A successful entrepreneur must be able to guard his business secrets from

leakages to trade competitors.

Clear objectives

Should have a clear objective about the nature of his business nature and

type of goods to be produced so as to provide purposeful direction


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Mental abilility:

Consists of intelligence and creative thinking to deal with different situations.

Must be able to study different business problems and situations.

Should be able to anticipate the business changes in changing environment.

Visionary:

Must be a visionary

Must have a visual for further growth and development commitment to

constructive changes and energy to achieve results.

Can create new ideas, and provides added value to society.

Desire for high achievement:

Have a strong desire to achieve high goals in business.

Hard worker:

To hard work towards never ending goal of excellence.

Socially responsible:

Entrepreneurial ability may create jobs for others.

May invent new products and new manufacturing methods.

Courage to face adversities:

Must have the ability and courage to face the adversities boldly and bravely.

Must have faith in himself and attempt to solve problems even under pressure.


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Ability to exploit opportunities:

Must be able to exploit new business opportunities to earn maximum profit in

coming future.

Independence:

Develop their own path than trading into others foot steps.

Foresight

Have a good foresight to know about future business environment.

To visualize the likely changes to take place in the market consumer attitude

technological development and take timely action.

Function of an entrepreneur

Entrepreneurial

functions

Promotional

functions

Managerial functions

Commercial

functions


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Entrepreneurial functions

Innovation

Risk taking

Organization building

2.Promotional functions

Discovery of an idea

Detailed investigation

Assembling the requirements

Financing the proposition

3.Managerial functions

Planning

Organizing

Staffing

Directing

Leadership

Communication

Motivation

Supervision


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Ability to listen

Ability to secure co-operation

Ability to judge people

Leadership quality

Social sensibility

Physical qualities

Other qualities

Some of the characteristics can be both qualities as well as abilities

Qualities of an entrepreneur :

Self confidence.

Competitive of spirit

Risk taking

Decision making

Independent thinking

Intelligence

Visualizing.


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Organizing .

Ego involvement .

Ego strength.

Inner direcetiveness

Emotional directiveness.

Desire for doing something unique.

Achievement orientation.

Goal directed thinking .

Conflict resolving .

Imaginative thinking.

Per suability.

Sensitivity to problems .

Budgeting to problems .

Non conformist .

Popularity .

Reality oriented.


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Cooperative .

Communicability .

Observational quality .

Reasoning skill.

Quality control capacity .

High motivation.

Management skill.

Abilities of an Entrepreneur:

Planning.

Controlling.

Directing.

Managing.

Self-executing.

Deciding.

Coordinating & integrating.

Demonstrating.

Evaluating.

Consoling.

Organizing.

Motivating.

Innovating.

Supervising.

Sensing problem.


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Visualizing.

Conflict resolving.

Dictating.

Investing capital.

Risk taking.

Knowledge of labour laws.

Knowledge of accounting.

Knowledge of cost counting.

Knowledge of income tax and siiisales tax rules.

Managerial skills.

Result orientation.

Distinguishing features of an entrepreneur

A person going to an entrepreneur should have the following feature to be successful

in his venture. Persons having the same have the potentiality of becoming good

entrepreneurs. Such distinguishing features are called traits , which make a person

distinct from others.

Intiative.

Concern for quality .

Urge to take calculated risk.

Seeing and opportunities

Urge for solving problems.

Urge to learn new things.

Planning .

Effectiveness.

Self confidence.

Risk taking.

Leadership.

Task and result oriented.


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Originality .

Sense of responsibility.

Efficiency orientation.

Commitment.

Time management.

Thinking and acting differently.

Future orientation.

1. GENERAL INFORMATION

1.1 Name of the Entrepreneurs:

1.2 Proposed Project:

Easy phones for your loved ones

1.3 Major Product / Services:

Hardware Interface and software Enhancement.

1.4 Proposed Locations:

Bangalore/Chennai/Delhi (NOIDA)

1.5 Type of Organization:

Hardware Development and Software Enhancement


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2. ENTERPRENEURS PROFILE

3. TYPE OF PRODUCT/SERVICES


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3.1 Type of the Project:

Software development and Hardware Interface

3.2 Product / Services Description:

It is a product oriented firm which includes software enhancement. Our firm develops

an interface for a cell-phone to senior citizens and the physically disabled. This needs

an enhancement of one of the soft wares used.

3.3 Major Consumers:

Can be used by all, specifically senior citizens, and the

physically disabled.

PROMOTERS:

1. Major Promoter of our project will be loans taken from banks.

2. Capital from reliable and supportive Capital Ventures.

3. The company with which our firm collaborates.

4. Mr.Sunil B.,Project Manager,S.T.Microelectronics Ltd.,NOIDA


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4. DETAILS OF THE PROPOSED PROJECT

This Project is about developing an interface for a cell-phone which would be handy

for the senior citizens and the physically disabled.This needs an enhancement of one

of the speed-Dial Software used. We use Touch Sensors in our Product which makes

easy for them in receiving calls.

Land and Building:

Serial .No. Particula

r

Area

Required

Total

Value(Rs)

Remarks

1.

2.

Land

Building

NA

2000 SqFt Rs.2,40,000

Total : Rs.2,40,000

Machineries / Equipments:

Sr. No. Description Nos. Required Rate(Rs.) Total Value(Rs.)

1. Computer 20 30,000 6,00,000

2. Printer 5 3,000 15,000

3. Scanner 5 3,500 17,500

4. Fax 1 5,000 5,000

Total: 6,37,500


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Miscellaneous Fixed Assets:

Serial

No.

Particular Requirement Rate

(Rs.)

Total Value (Rs.)

1. Furniture T(20),c(20) 1,000 40,000

2. Coffee Maker 1 5,000 5,000

3.

A.C.

5 20,000 1,00,000

Total 1,45,000

Preliminary and Pre Operative Expenses:

Serial

No.

Particulars Amount

(Rs.)

Remarks

1. Interest during

Implementation

2. Establishments

3. Start Up Expenses 1,20,000

Total : 1,20,000


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Working Capital:

Serial No. Item Amount Rs.

1. Raw Material 10,00,000/year

2. Salary/Labour 20,000/labour/month

3. Rent 2,40,000/year

4. Insert on loan 4,00,000/year

MARKET POTENTIAL:

Present demand and supply of the Product Competition:

The wireless communication is the technology which has the fastest growth

Information hiding in a.WAV file is a new technology which integrates with theories

And technologies of many academic and technical subjects. For information hiding,

digital media are used as the carrier of the information to be hidden. The carrier

conceals secret messages by covering the form of their existence. The information

hiding technology based on digital audio processing is closely related to Human

Auditory System. When the messages are having been concealed, the human ears are

due to verify the existence of hidden messages. That is, the status of information

coverage depends on the Human Auditory System. It is obvious that the

characteristics of Human Auditory System are to be taken advantage. The added

secret information in the digital audio has no effect onto human ears. In our product,

an implementation of information hiding technology system which is based on digital

audio encoding is proposed. First by analyzing knowledge of digital audio processing

and the model of Human Auditory System the product has been considered.


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Looking at the present trend various companies provide various security software for

the transfer of data but no software is safe and secure because they can be detected by

various means and thus their hidden messages can be retrieved by any expert

computer professional by cracking the password.So our product is prepared by

keeping in mind these visible and audible aspects of product security .As the

technology what we are providing makes it very much difficult for any expert to crack

it is it has no effect on human ears and thus it cant be detected whether the product

contain any hidden message or not. Right now no such product is available in market.

If this product will be introduced in the market then it will be of great demand.

Target Clients:

Our main target clients are Security Organizations, Banks, Military (Defence)

Software and Hardware Companies who require safe and secure transfer of data in

such a way that it cant be detected by any means.

Marketing Strategy:

The Marketing Strategy will be advertising the product in the media and by

companys representatives by visiting various target clients and by making them

aware of the features, application and the type of technology used in product.

MANUFACTURING PROCESS:

4.1 Technical Know-how Availability:

Books related to VLSI, Microprocessor and Microcontroller, and Embedded Systems.

Different Working platforms like Windows, Linux etc and programming skills like

c,c++,Java and Knowledge of compilers for the enhancement of the software and for

development of the mobile devices and installing the software in the devices.

4.2 Step by Step Description:


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1) Study and analysis of whole project:-It includes knowing the full algorithm of

the project i.e. what the project means how to do the project.

2) Design of the interface on the mobile phone:-It includes assignment of 10

different color codes for the different available users and thus producing a

template with a touch screen display.

3) Assign of a speed dial code using C to the buttons:- It includes writing a C/C+

+ code(or modifying the existing code) for Speed-Dial to its equivalent

hexadecimal code.

4) Program in C to embed the software into the mobile phone:-It includes

embedding of the software and utilizing the required information.

5) Program in JAVA which adds security features to the Program:-It includes

providing password to the user and providing network access


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5. PRODUCTION SCHEDULE

Number of Working Days per Annum:

The Firm will remain open for all weekdays except National holidays i.e. a total of

about 360 days.

Number of Working Shifts:

Since it is a service and solution firm it does not follow any shift system rather it has

working hours from 12.00 am to 10.00 pm.

5.2.1 Sales Revenue:

The sales revenue of the business depends on the number of clients it has dealt with in

the present year.

5.2.2 Utilities:

Sr.No.Particulars

Annual

Expenditures(RS)

Remarks

1.

2.

3.

4.

Power/Electricity

Water

Coal/oil/stream

Any other item(Misc.)

1,00,000

10,000

5,000

Total 1,60,000


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5.2.3 Salaries/Wages:

5.2.4 Repairs and Maintance:-

Sr.No.Particulars Amount(RS.)

1. Computer and Electronic goods 20,000

5.2.5 Selling and Distribution Expenses:

Sr.No. Particulars No. Wages/salaries per

Months(RS.)

AnnualExpenses(RS)

1.

2.

3.

4.

5.

Skilled

Semi Skilled

Un Skilled

Office Staff

Any Other

15

3

20,000

4,500

36,00,000

1,62,000

Total 37,62,000


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6. TOTAL COST OF THE PROJECT

Sr. No. Particulars Total Value(Rs.)

1.

2.

3.

4.

Fixed Capital

Working Capital margin

Preliminary & Pre-operative

Expenses

Raw Materials

2,51,500

38,730

57,000

14730

Total 3,61,960

Sr.No.

Particulars Ammount(RS) Remarks

1.

2.

3.

Publicity Expenses

TravellingFreight

1,10,000

50,00010,000

Total 1,70,000


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7. MEANS OF FINANCE

Sr. No. Particulars Amount

(Rs.)

Remarks

1. Own Investment 1,61,960

2. Term Loan 2,00,000

3. Working Capital Loan 13,86,900

4. Any Other Source

Total: 3,61,960


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8. PROFIBILTY PROJECTIONS

Serial

No.

Particulars Amount (Rs.)

1. Sale Realization 29,20,000

2. Cost of Servicing/Manufacturing

i. Utilities 23,250

ii. Selling and Distribution 3500

iii. Salary \ wages 16,000

iv. Administrative Expenses 2,500

v. Interest 22,000

vi Raw materials 14730

viii Depreciation 20730

ix Misc. expenses 39,500

x Cost of project 3,61,960

Total 5,04,170

3. Annual Working capital 4,64,760

4. Annual Interrest on loan 22000

5. Annual depriciation 20730

6. Gross Profit 4,42,760

9. BREAK EVEN POINT


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Break even analysis gives us the idea about the financial status of the organization.

The costs involved are mainly of two types:-

Fixed cost:-when the nature of the cost is such that it doesnt vary with the volume of

the production then it is know as fixed cost.

Variable cost:- when the nature of the cost is such that it varies with the volume of

the production then it is know as variable cost.

Total cost:- fixed cost + variable cost.

Sales revenue:-Revenue generated by selling the products. It varies directly with the

volume of production. The point of intersection of the total cost and the sales revenue

is known as the break even point. It is the point at which the total cost agrees with the

sales revenue, i.e. no profit no loss.

BREAK EVEN ANALYSIS CALCULATION

Q -> BREAK EVEN QUANTITY

V -> VARIABLE COST/UNIT

S ->SALES REVENUE/UNIT

F->FIXED COST

Break Even Point = Fixed Cost X 100/ Fixed Cost + Profit

= 251500 *100/ 251500+4, 42,760

= 36.225622

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EASY PHONES FOR YOUR