Sustaining activities

Entrepreneurship in Childcare Services 4 (2+2)

Lesson 2 : Entrepreneurial Development Cycle

Sustaining activities

These activities are those that help ensure continued efficient and profitable functioning of the enterprise. After the stimulation of entrepreneurship and the establishment of a unit through adequate support, there are chances for the unit to become sick, non-profitable & nonviable due to many unforeseen and uncontrollable factors. Hence they need a lot of sustaining activities by the promotional agencies. These activities include

  • modernization,
  • diversification / expansion / substitution of production,
  • additional financing for full capacity
  • utilization.
  • deferring repayment / interest depending on the situation
  • help and guidance in diagnosing the cause of failure or low production / profit.
  • modification or change in legislation
  • creating provision for quality testing and quality improvement on low products.
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Last modified: Wednesday, 1 February 2012, 7:22 AM