DEPARTMENT OF MANAGEMENT STUDIES

KDK COLLEGE OF ENGINEERING

PRESENTATION ON- CHALLENGES AND OPPORTUNITIES FOR ENTREPRENEURS AND SMALL BUSINESS

OWENERS

PRESENTED BY-DEVENDRA N. UPRADE

ENTREPRENEURS???? Entrepreneurship= Entrepreneurs +

Enterprise (Process) (Person) (Object)

Entrepreneurs are the persons who take all the activities to establish enterprise and run it smoothly.

Helps in economic development.

Helps in Regional Development.

INDIA SPECIFIC CHALLENGES Lack of Capital.

80% of New Entrepreneurs Having Good Idea but not have Sufficient Funds.

High Inflation. The annual inflation rate is 3.78% (Indian Ministry of Statistics

and Programme Implementation.) Support from the family.

Only 3% Family Support the Students to become an Entrepreneur other than Family Business. (TOI)

Best example of Family Support is from Gujrat State. (TOI) Lack of Knowledge/ Skills.

Every Year from RTMNU there are 12,000 and 2,000 students from MBA becomes Engineers and Managers respectively. (RTMNU Source)

Managing People. Managing Quality of Workforce.

Regulation and Governance. obtaining government clearance and licenses, paying taxes etc.

OPPORTUNITIES Advancement in Technology.

Information Technology. High Income.

Comparing to the Job Holders. Become a Own Boss.

Unlimited Power, Self-Development. Government Support.

Now a days there is start of Startup India from Central Government

Financial Support from Banks. Institutional Support.

SIDBI, EDI, NIESBUD, DIC, NABARD, MSME, MIDC, MITCON.

Employment. Provide Employment to the unemployed persons.

TO DEVELOP SUCCESSFUL ENTREPRENEURS.

Training and Skills Essential for the Development of Successful Entrepreneurs.

Create the Right Environment for Success.

Ensure that Entrepreneurs have access to the Right Skill.

Ensure that Entrepreneurs have access to ‘Smart Capital’.

Enable Support System.

Government Support.

CONCLUSION Most entrepreneurs simply got tired of

working for others.

The country’s economic policy environment must be favourable.

The economic conditions is highly dependent on the number of entrepreneurs.

If entrepreneurs grow in numbers India will go from developing to developed position.

Thank you!