Stages for starting New

Venture

By : Deepak Sharma
• Scanning the environment
• Product Development &Selection
• Project Report Preparation
• Project Appraisal
• Resourcing
 Scanning the Environment

Understanding of socio-culture, economic,

technological &changing the life style.
 What are the sources?

• Informal Sources
a. Family
b. Customers
c. Friends
d. Social contacts, etc.
• Formal Sources
a. Bankers
b. Business councilors, etc.
• Written Sources
a. Magazines &General
b. Books, Newspapers &Newsletters
• Impersonal Oral Sources
a. Trade shows
b. Seminars &workshop
c. Professional organizations
 Product development &Selection

• Creativity &Innovation
a. Solving People’s Problem
b. Brain storming
c. Market research
d. Changing fashion & Life style, etc.
Project Report Preparation
 Project Appraisal

• Technical appraisal
• Financial appraisal
• Economic appraisal
• Management appraisal
• Operational appraisal
• Organization appraisal
 Resourcing
• Physical resources
premises, supplies of raw material, tools,
etc.
• Technical resources
technical know-how, designs etc.
• Financial resources
• Human resources
• Marketing resources
 Pre- start-up activities

What is the purpose of the venture?

Business concept What does entrepreneur want to
defined accomplish with the business?

Product research :Is the product or

Product Market Service feasible? Realistic.?
Survey Market research: W?
 Financial projection:
What cash needed?
Financial planning
How will income generated?
What is invested.?
Etc.

Pre -start-up
implementation Getting ready to start