Entrepreneurship Development in India

Cover
Half Title
Series Page
Title Page
Copyright Page
Dedication Page
Contents
List of Figures
List of Tables
Foreword
Preface
Acknowledgements
List of Abbreviations
About the Authors
1 Introduction to Entrepreneurship
	1.1 Meaning
	1.2 Background
	1.3 Importance
	1.4 Factors That Influence Entrepreneurship
		1.4.1 Personal Factors
		1.4.2 Psychological Factors
		1.4.3 Social Factors
		1.4.4 Economic Factors
		1.4.5 Environmental Factors
	1.5 Factors Responsible for Entrepreneurship Growth
2 Entrepreneurship Around Us
	2.1 Entrepreneurial Culture
	2.2 Entrepreneurial Society
	2.3 Entrepreneurial Potential in a Prospective Entrepreneur
	2.4 Entrepreneurial Skills and Competencies
		2.4.1 Major Entrepreneurial Competencies
	2.5 New Trends in Entrepreneurship Development
	2.6 Economic Development Through Entrepreneurship
3 Classification: Entrepreneurs and Entrepreneurship
	3.1 Danhof’s Classification
	3.2 General Classification of Entrepreneurs
		3.2.1 Based on Demography
		3.2.2 Based on Scale
		3.2.3 Based on Stages of Development
		3.2.4 Based on Capital Ownership
		3.2.5 Based on Growth
		3.2.6 Based on Business Type
		3.2.7 Based on motivation
		3.2.8 Based on Technology
	3.3 Types of Entrepreneurship
		3.3.1 Rural Entrepreneurship
		3.3.2 Agricultural Entrepreneurship
		3.3.3 Social Entrepreneurship
		3.3.4 Educational Entrepreneurship
		3.3.5 Women Entrepreneurship
		3.3.6 Corporate Entrepreneurship
		3.3.7 Digital Entrepreneurship
		3.3.8 Health Entrepreneurship
4 Entrepreneurial Motivation and Creativity
	4.1 Motivation
	4.2 Maslow’s Need Hierarchy Model
	4.3 Herzberg’s Two-Factor Theory
	4.4 McClelland’s Theory of Needs
	4.5 Creativity and Entrepreneurship
	4.6 Stages in Creativity
	4.7 Innovation and Invention
		4.7.1 Left Brain Skills and Right Brain Ideas
		4.7.2 Legal Protection of Innovation
5 Project and Financial Analysis
	5.1 Identification and Selection of Projects
	5.2 Project Report
		5.2.1 Contents
		5.2.2 Formulation
	5.3 Project Evaluation
	5.4 Methods of Project Evaluation
		5.4.1 NPV Method
		5.4.2 IRR Method
	5.5 Financial Planning
		5.5.1 Cash Budget
		5.5.2 Working Capital
	5.6 Financial Statements
		5.6.1 Balance Sheet
		5.6.2 Income Statement
		5.6.3 Cash Flow Statement
	5.7 Break-Even Analysis
	5.8 Profitability Analysis
	5.9 Cost-Benefit Analysis
6 Funding and Organisational Support
	6.1 Sources of Funding for Entrepreneurs
		6.1.1 Bootstrapping
		6.1.2 Crowd Funding
		6.1.3 Angel Investment
		6.1.4 Venture Capital
		6.1.5 Financial Institutions
		6.1.6 Bank Loans
		6.1.7 Trade Credit
		6.1.8 Issue of Share
		6.1.9 Debenture
	6.2 Role of Government in Promoting Entrepreneurship
		6.2.1 Atal Innovation Mission
		6.2.2 Biotechnology Industry Research Assistance Council
		6.2.3 Department of Science and Technology
		6.2.4 Digital India
		6.2.5 Jan Dhan-Aadhaar-Mobile
		6.2.6 Make in India
		6.2.7 National Skill Development Mission
		6.2.8 Pradhan Mantri Kaushal Vikas Yojana
		6.2.9 Science for Equity Empowerment and Development
		6.2.10 Stand-Up India
		6.2.11 Start-up India
		6.2.12 Support to Training and Employment Programme for Women
		6.2.13 Trade-Related Entrepreneurship Assistance and Development
	6.3 Important Considerations for an Entrepreneur
		6.3.1 Carry on Business (COB) Licence
		6.3.2 Environmental Clearance
		6.3.3 Taxation Benefits
		6.3.4 Quality Standards With Special Reference to ISO
		6.3.5 Government Stores Purchase Programme
	6.4 Specialised Organisations for Entrepreneurial Assistance
		6.4.1 NSIC Limited
		6.4.2 Small Industries Development Organisation
		6.4.3 SSIs Board
		6.4.4 National Institute of Entrepreneurship and Small Business Development
		6.4.5 National Research Development Corporation
		6.4.6 Khadi and Village Industries Commission
		6.4.7 Small Industrial Development Bank of India
		6.4.8 Public Sector Banks
		6.4.9 National Bank for Agriculture and Rural Development
		6.4.10 State Financial Corporations
		6.4.11 State Industries Development Corporation
		6.4.12 State Small Industries Development Corporation
		6.4.13 West Bengal Industrial Development Corporation Limited
		6.4.14 West Bengal Industrial Infrastructure Development Corporation
		6.4.15 West Bengal Electronics Industry Development Corporation Limited
	6.5 Industrial Parks and SEZs
7 Business Plan Development
	7.1 Introduction
	7.2 Business Plan
	7.3 Various Business Models
		7.3.1 The Business Model Canvas
		7.3.2 The Lean Canvas
	7.4 Structure of a Basic Business Plan
	7.5 Creating a Business Plan
		7.5.1 Executive Summary
		7.5.2 General Company Description
		7.5.3 The Opportunity or Competitive Analyses
		7.5.4 Market Research and Industry Analysis
		7.5.5 Strategy
		7.5.6 The Team
		7.5.7 Marketing Plan
		7.5.8 Operational Plan
		7.5.9 Financial Plan
		7.5.10 An Appendix
8 Introduction to Research
	8.1 Classification of Data
	8.2 Classification of Variables
	8.3 Sampling Techniques
		8.3.1 Classification of Sampling Techniques
	8.4 Concept of Hypothesis
		8.4.1 Basic Attributes of Hypothesis
		8.4.2 Null and Alternative Hypothesis
		8.4.3 Type I and Type II Errors
	8.5 Descriptive Statistics
		8.5.1 Measures of Central Tendency
		8.5.2 Measures of Spread
	8.6 Correlation and Regression Analysis
		8.6.1 Pearson’s Product-Moment Correlation
		8.6.2 Characteristics of Correlation Coefficient
		8.6.3 Linear Regression
		8.6.4 Multiple Regression Analysis
	8.7 Statistical Tests
		8.7.1 t-Tests
		8.7.2 Analysis of Variance
		8.7.3 Chi-Square Test
	8.8 Factor Analysis
9 Legal Issues and Legislation
	9.1 Types of Business
		9.1.1 Sole Proprietorship
		9.1.2 Private Limited Company
		9.1.3 Limited Liability Partnership
	9.2 Intellectual Property Rights
		9.2.1 Copyright
		9.2.2 Patent
		9.2.3 Trademark
		9.2.4 Trade Secret
	9.3 Legal Provisions and Legislation
		9.3.1 The Payment of Wages Act, 1936
		9.3.2 The Industrial Employment (Standing Orders) Act, 1946
		9.3.3 The Minimum Wages Act, 1948
		9.3.4 The Employees’ State Insurance Act, 1948
		9.3.5 The Factories Act, 1948
		9.3.6 The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
		9.3.7 The Maternity Benefit Act, 1961
		9.3.8 The Payment of Bonus Act, 1965
		9.3.9 The Contract Labour (Regulation & Abolition) Act, 1970
		9.3.10 The Payment of Gratuity Act, 1972
		9.3.11 The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
		9.3.12 The MSMEs Development Act, 2006
10 Cases on Entrepreneurship
	Case 1: The Success Story of Project Sukanya
	Case 2: SuperProcure: A Disruptor in Logistics
	Case 3: Lijjat Papad: A Unique Case of Women Entrepreneurship
	Case 4: iKure: Transforming the Rural Healthcare
	Case 5: Chefrome: A Distinctive Food Tech Start-Up
Glossary
Index