Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
20.3k views
in Entrepreneurship by (52.5k points)

What main points should be taken care of while formulation of project report by an entrepreneur ?

1 Answer

+1 vote
by (80.9k points)
selected by
 
Best answer

It is very essential for an entrepreneur to make the project report but its definite outline cannot be determined because the nature and size of every enterprise is different Generally, following point should be kept in mind: 

(1) General Description: The name of the entrepreneur, address qualification, experience etc.are given under this title.If the enterprise is in the partnership from then the description of all the partners and if the company is in format then the details of promoters should be given. Along with, the project is related with which industry, the analysis of the present and past position, problems of it should be given. 

(2) Description of the Project – The whole information regarding the project is given under this title; such as where it will be situated? From where and how the raw material and skilled labourers will be made available? and what will be the arrangement of infrastructure, such as; water, electricity, fuel and transportation arrangement? From which process the production has to undergo? From where will its tools and equipment be available and what will be its cost? What will its capacity be? what will be the possibilities of it in the future? etc. 

(3) Market Potential: In this title description is given that what will be the possibility of product of the project in the market. Its also include the description that what is the present position of this product and what can be the position of the product and what can be the position of its demand in future? 

(4) Sources of Finance: The description of the arrangement of both fixed capital and current capital working capital should be given separately. 

(5) Other Financial Aspects: In this title, the projected Profit-loss Account and Balance sheet of the project should be shown. It shows the expected profit and the possibility of economic position. Expect this, the break-even point of the product of the project should be shown.

(6) Economics and Social Effects: There should be the description of social and economics profit received from the project? Such as: How far the employment will increase? What benefit the local people will get? What will be the development of the above sector? Etc.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...