Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Explain ‘Care to Ecology and Environment’ and ‘Concern for Workers’ as social responsibilities of an entrepreneur.

Name the factors which affect the operational plan.

What is elevator pitch?

What does the marketing strategy of a company include?

The scope of the company's business is determined by certain documents. Name them.

Given the characteristics of budget.

''All business planned for sales volumes and revenues, resources quantities, cost and expenses, etc."Identify the concept involved in the above planning and state any two benefits of this concept.

Explain with example how 'Existing Products or Services' help in generation of ideas.

Value chain analysis works towards one goal. What is it?

Naveen after completing his M. Tech in Nano Technology wanted to start his own business. He thought to manufacture sophisticated instruments used in surgery. He knew that his knowledge of Nano Technology will help him in manufacturing these instruments. According to him such instruments will help the surgeons to operate upon the patients with accuracy, with minimum blood loss and quick post operation recovery; Such types of instruments are used in advanced countries only and there was a risk in marketing the same. The cost price of machinery required, for manufacturing such instruments was very high and more research was required in this field of Nano Technology. For seed funding, Naveen approached 'Himani Capital Ltd.' who finance such types of projects. 'Himani Capitals Ltd.' after analysing the proposal agreed to provide seed capital to Naveen.
Explain the different stages of 'Early stage financing' to seek venture capital finance after the one discussed above.