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Business plan to open a Handicraft work

Business plan to open a Handicraft work



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Published by Amit
it's about handicraft work , how to open handicraft work
it's about handicraft work , how to open handicraft work

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Published by: Amit on Nov 21, 2009
Copyright:Attribution Non-commercial


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It has been a good learning experience to do the detailed project report on setting up of theHandicraft industry in the RIICO industrial area, Jhunjhunu as a part of my MBA program.The study has been made an attempt to gain better understanding about how actually themanufacturing plant is set up.Under this, at first I generated the product idea of handicraft, matching with my profile. Themain objective of the project is to the study the feasibility analysis of the handicraftmanufacturing plant. After the idea generation, the industry analysis at both the global anddomestic level was done to understand the market trends and other factors.Then the market analysis was done through the survey in form of questionnaires andinterviews of the manufacturers. After this using the statistical techniques did the demandanalysis. With this the demand estimation, the technical analysis was done.After completing the technical analysis, the financial analysis was done to check the financialfeasibility of the project. It involved the preparation of cash flow statements, working capitalrequirement schedules, profitability statements and the balance sheets of 3 years. This provided the data for using the performance indicators and other capital budgetingtechniques. Lastly, the risk analysis was done to estimate the risk involved in the project.On the whole it was a wonderful experience & a great learning opportunity. The complete project was an eye opener which added to my theoretical knowledge. There were times whenI was disheartened & disappointed, but there were times when things went right & made mefeel proud.Success does not come at once; one has to start right from the scratch & struggle his waythrough all hardships with courage & determination.1
The idea of handicraft manufacturing was conceived by looking the aptitude & qualificationsof the conceiver (myself).
MBA in Marketing & HR - BCA
Along with the above qualification belongingness to a
Business, family
will support my project.
The idea was generated as my Uncle is a manufacturer and exporter of woodenhandicraft. So this project would provide me an in-depth knowledge to set up ahandicraft-manufacturing mill in Jhunjhunu.
The Indian Handicraft Industry is showing continuous growth rate of 15% every year.
The profitability with which the current firms are running nationally as well asinternationally is also one of the factors for conceiving the idea of handicraftmanufacturing mill.Thus, taking all of the above factors into account the idea of setting up a handicraft-manufacturing mill was established.2
The firm
Shekhawati Handicrafts, Jhunjhunu
will be a sole proprietorship firmand will function from Jhunjhunu under the concerned person’s name (myself).
Decision for entrepreneurship is promoted by 5 major reasons. These are:Moreover, it is an
that leads towards
i.e.; idea comesfirst and entrepreneurship follows afterwards.3
PersonalCharacteristicsPersonalEnvironmentPersonal GoalsBusinessEnvironmentIdeaDecision to BehaveEntrepreneurially

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