Entrepreneurship Development

ENTREPRENEURSHIP DEVELOPMENT FOR RURAL FAMILIES 4(1+3)

Lesson 5 : Process of Initiating an Enterprise

Introduction

People think that, it is easy to start an enterprise if they have necessary money required to establish it. But it is not an easy task howsoever small it may be. It requires many decisions and steps to be taken at various stages. At first an entrepreneur has to prepare a plan and has to take decisions about the location, nature of business, sources of raising necessary capital, physical and material resources. Though the procedure for setting up an enterprise is not the same for all types of enterprises, there are certain steps which one has to take to initiate any enterprise.