Kamalpokhari, KTM, Nepal

www.hcm.edu.np

Assignment of Entrepreneurship

Submitted By Submitted To
Dikchhya Tamrakar Himalayan College of Management
MBA 4th Sem Kamalpokhari ,Ktm.
1. As an entrepreneur you may create a business web site for several reasons. You may wish to sell
products, provide information or just endorse your services. With relating this statement explains
the various legal issues that an entrepreneur should face while running entrepreneurship.

An entrepreneur is an individual who creates a new business, bearing most of the risks and
enjoying most of the rewards. The process of setting up a business is known as
entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas,
goods, services, and business/or procedures. Entrepreneurs play a key role in any economy,
using the skills and initiative necessary to anticipate needs and bringing good new ideas to
market. Entrepreneurship refers to the concept of developing and managing a business venture
in order to gain profit by taking several risks in the corporate world. Simply
put, entrepreneurship is the willingness to start a new business.

Now, In today's world Technology plays a vital role to surive the business as well to achieve
organizational goals. Acc to the time every company needs to adopts the new technology anad
go with changing time . So, creating website to connect with customers and provide information
about company to the customers website is necessary.

There are various legal issues that an entrepreur face while running entrepreneurship while
using website for promoting business, product , services. Ones company should not display any
images that are violated ,harmful for others , others copy, others wills., Copyright concerns.
Domain name concerns, Trademark concerns, Defamation.,Linking and framing., Illegal Use of
Trademarks. Defaming Problems. ...Ambiguous Posts on Social Media. ...Illegal Use of
Copyrighted Work.& dishonest advertising regarding products and promotions, 2) improper
procedure regarding client privacy rights, and 3) posting insensitive social statements, Avoid
intentionally (or unintentionally) taking others’ content,Maintain a strict security policy to avoid
negligence,Pay attention to rules about transactions (e.g. an eCommerce store).

An entrepreneur needs to observe the market trends, policy to survive in the market and
sustainable growth. Customers satisfaction is first and foremost things a business
entrepreneur should understand . Because customer are the one who buy, use and prefer our
products& services. To capture market our business idea should be innovative , new to the
market that draw the attention of customers.
2. A BUSINESS PLAN is a document that summarizes the operational and financial
objectives of a business. It is a business's road map to success with detailed plans and
budgets that show how the objectives will be realized. With relating this statement
prepares a business plan with a reference and submit it within deadline.
A business plan is a written document that describes in detail how a business—usually a
startup—defines its objectives and how it is to go about achieving its goals. A business
plan lays out a written roadmap for the firm from marketing, financial, and operational
standpoints.
A business plan is a written document describing a company's core business activities,
objectives, and how it plans to achieve its goals.
Startup companies use business plans to get off the ground and attract outside investors.
Businesses may come up with a lengthier traditional business plan or a shorter lean
startup business plan.
Good business plans should include an executive summary, products and services,
marketing strategy and analysis, financial planning, and a budget.
Executive summary: This section outlines the company and includes the mission
statement along with any information about the company's leadership, employees,
operations, and location.
Products and services: Here, the company can outline the products and services it will
offer, and may also include pricing, product lifespan, and benefits to the consumer. Other
factors that may go into this section include production and manufacturing processes, any
patents the company may have, as well as proprietary technology. Any information about
research and development (R&D) can also be included here.
Market analysis: A firm needs a good handle of the industry as well as its target market.
It will outline who the competition is and how it factors in the industry, along with its
strengths and weaknesses. It will also describe the expected consumer demand for what
the businesses is selling and how easy or difficult it may be to grab market share from
incumbents.
Marketing strategy: This area describes how the company will attract and keep its
customer base and how it intends to reach the consumer. This means a clear distribution
channel must be outlined. It will also spell out advertising and marketing campaign plans
and through what types of media those campaigns will exist on.
Financial planning: In order to attract the party reading the business plan, the company
should include its financial planning and future projections. Financial statements, balance
sheets, and other financial information may be included for already-established
businesses. New businesses will instead include targets and estimates for the first few
years of the business and any potential investors.
Budget: Any good company needs to have a budget in place. This includes costs related
to staffing, development, manufacturing, marketing, and any other expenses related to the
business.

Business Plan provides road map to achieve organization goals & objective . So good
plan provides to run business effectively and efficiently. Following are some Ideas to
sustain my business and Come over Crisis of Current COVID-19 Situation
1)Find leads and customers ahead of time.
2)Adapt services to the current situation.
3)Market solutions with COVID-19 in mind.
4) Ensure services will still be relevant at later phases.
5) Identify the challenges to business.
6)Plan solutions with several scenarios in mind.
7) Use alternative solutions to maintain daily operation.
8) Implement tech upgrades to keep communication flowing.
Also In such uncertain and volatile times, taking my business online can help my
company keep it running. If I make my business online-based, employees can work from
home. Use technology to boost communication – tools like Slack, Microsoft Teams, and
Zoom can help the team come together, maintain productivity and retain clients.
I will Invest in a strong online infrastructure. This will take a while, but in the long run it
will help me remain in business and gro,w
Now is the best time to make use of social media as a legitimate source of income. Invest
in digital partnerships to give my business an edge. Network on platforms like Instagram
and LinkedIn and look for companies whose services/products I can incorporate in my
products/service, and vice versa. If possible, barter my way through with these
partnerships, instead of paying cash.
Look for areas where my company can launch new initiatives and introduce new products
and services. Seek out new opportunities aggressively and re-align my team to make the
most of this situation to develop an edge over company’s competition