MICROPROJECT

Subject : Entrepreneurship
Development(22032)

Topic:- E V Charging
Station
 CERTIFICATE

MAHARASHTRASTATEBOARDOFTECHNICAL
EDUCATION, MUMBAI

GOVERNMENT POLYTECHNIC, SOLAPUR.

This is to certify that Bharat Khalate Roll no 86 Of 6th Semester

of Diploma in Computer Technology has satisfactory completed
Report Work in this subject Entrepreneurship Development
under the guidance of Ms. Ashwini Mane mam the academic year
2021-2022 as prescribed in the curriculum.

Place:Enrollmentno:1900150332
Date: Exam seat no:

Subject teacher. HOD. Principal

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 PART A – Micro-Project Proposal

Title of Micro-Project: E V Charging Station

1.0 Brief Introduction:

An electric vehicle charging station is equipment that connects an electric vehicle

(EV) to a source of electricity to recharge electric cars, neighbourhood electric
vehicles and plug-in hybrids. Some charging stations have advanced features such
as Smart metering, cellular capability and network connectivity, while others are
more basic. Charging stations are also called electric vehicle supply equipment
(EVSE) and are provided in municipal parking locations by electric utility companies
or at retail shopping centres by private companies. These stations provide special
connectors that conform to the variety of electric charging connector standards.

2.0 Aim of the Micro-Project:

To represent business model followed in EV Charging Station

3.0 Intended Course Outcomes :

1. To built entrepreneur qualities.
2. Prepare plans to manage the enterprise effectively.

3.0 Literature Review :

An electric vehicle charging station is equipment that connects an electric

vehicle (EV) to a source of electricity to recharge electric cars, neighborhood
electric vehicles and plug-in hybrids. Some charging stations have advanced
features such as Smart metering, cellular capability and network connectivity,
while others are more basic.Charging stations are also called electric vehicle
supply equipment (EVSE) and are provided in municipal parking locations by
electric utility companies or at retail shopping centers by private companies.
These stations provide special connectors that conform to the variety of
electric charging connector standards.
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5.0 Proposed Methodology :
1. Studied about entrepreneur qualities
2. Studied business management of EV Charging Station.
3. Studied about market and modern technology used in auto sector.

6.0 Resources Required:

S. Name of Specifications Qty Remarks
No. Resource/material
1 Browser Google 1 -

7.0 Action Plan:

Sr. Details of activity Planned Planned Name of Responsible
No. Start date Finish Team Members
date
1 Started the project 20/3/22
2 Studied about different 22/3/22
entrepreneurs
3 Studieddifferent 24/3/22
entrepreneur qualities
4 Represented the qualities 26/3/22
5 Started working on project 1/4/22
6 Completed the project
7 Shown to Teacher

*************

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 PART B – Micro-Project Report

Title of Micro-Project:EV CHARGING STATION

1.0 Rationale:
Globalization, liberalization, privatization along with revolution in
information technology have opened up new opportunities transforming lives
of masses. In this context there is immense opportunity of establishing,
manufacturing and service etc . Entrepreneurship requires distinct skill sets
which are attempted to be developed.

2.0 Course Outcomes Addressed:

1. To built entrepreneur qualities.
2. Prepare plans to manage the enterprise effectively.

3.0 Literature Review :

An electric vehicle charging station is equipment that connects an electric

vehicle (EV) to a source of electricity to recharge electric cars, neighborhood
electric vehicles and plug-in hybrids. Some charging stations have advanced
features such as Smart metering, cellular capability and network connectivity,
while others are more basic. Charging stations are also called electric vehicle
supply equipment (EVSE) and are provided in municipal parking locations by
electric utility companies or at retail shopping centers by private companies.
These stations provide special connectors that conform to the variety of
electric charging connector standards.

4.0 Actual Methodology Followed:

1. Studied about entrepreneur qualities
2. Studied business management of EV Charging Stations.
3. Studied about market and modern technology used in auto sector.

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5.0 Actual Resources Used:
S. Name of Specifications Qty Remarks
No. Resource/material
1 Browser Google 1 -

6.0 Outputs of the Micro-Project:

On page number-

7.0 Skill Developed / learning out of this Micro-Project:

1. Communication and presentation skills.
2. Bussiness and entrepreneur skills.

8.0 Applications of this Micro-Project:

1.Used in start-up sector of automobile industries.

9.0 Area of Future Improvement:

1. More advancement in these designs and modern business techniques.

**************

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 INDEX

Sr. Title Pg.

No. No.
1 Acknowledgement
2 Introduction
3 Outline for Supercharge EV charging station
4 SWOT Analysis of your enterprise
5 Business ideas for intrapreneurial and entrepreneurial opportunities
6 Self- assessment test to discover entrepreneurial traits
7 Business opportunity suitable for me
8 Survey the industry- note grade, investment, turnover, pollution
9 Visit bank/financial institution to enquire various funding schemes
12 Collect loan application forms of nationalize banks/other financial institutions.

13 Financial agencies that will help to set up the business enterprise.

14 The government agencies that will help to set up the business enterprise.
15 Technological feasibility report of your enterprise
16 Financial feasibility report of your enterprise
17 Vision and mission statement of your enterprise
18 Set of short term, medium term and long term goals for starting enterprise.
19 Prepare marketing strategy for your chosen enterprise
20 Various insurance schemes covering different risk factors
21 Report of profit/loss of the chosen enterprise
22 The breakeven point of an business idea
23 Discussion with successful entrepreneur
24 Business plan of the chosen enterprise

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 ACKNOWLEDGEMENT

We wish to express our profound and sincere gratitude to our guide Prof. Prof. Ashwini Mane

who guided us in the structure of micro project as well as some main points in that micro

project also they cleared our all doubts about micro project .We are Indebted to his constant

encouragement, co-operation and help .It was his enthusiastic support that helped us in

overcoming various obstacles in the project. We would also like to express our thankfulness to

our beloved Principal as well as HOD and other faculty members of our third year department

for extending their support and motivation Finally, we completed our micro project that

regarding to our syllabus as well as department.

Once more thanks for Respected Prof. Ashwini Mane, Principal, HOD and other Faculty

Members who helped us in the micro project completion.

Thanks!!

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 INTRODUCTION

The Chittenden County Regional Planning Commission (CCRPC) has established goals
to reduce greenhouse gas emissions from the transportation sector and increase the
energy efficiency of Vermont’s motor vehicle fleet. This is an important factor in
realizing energy efficiency improvements and greenhouse gas reductions detailed in the
2013 Chittenden County ECOS Plan1 and the draft Chittenden County Climate Action
guide; as well as climate action and energy plans across all levels of government in
Vermont. The draft Chittenden County Climate Action guide prioritizes the promotion of
electric vehicle infrastructure for electric vehicle charging as a key action to meeting
greenhouse gas reduction targets established by the State legislature. Electric vehicle
(EV) technology supports these goals by providing low carbon, highly efficient and cost
effective transportation. The technology, data and costs documented in this guide reflect
the most current information available at the time of publication. However, potential
owners and installers of charging equipment should expect the information and
recommendations in this guide will change as the EV industry matures.

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 OUTLINE

➢ Business Name: Sunlight EV charging station

➢ How the service is unique

When it comes to traditional vehicles, people in India often tend to check the meter twice at the
gas station even before filling the tank. There exists a trust issue. Similarly, in electric charging
stations, electric vehicle owners wonder whether or not the vehicle is getting charged, or
whether the charging station is working properly. The trust issue with electric vehicle charging
stations is something manufacturers and charging station providers are trying to solve. In other
words, the quality of the electricity supplied from the grid to the charging stations always keeps
fluctuating in India, and it varies from one location to another.

According to a Market Watch, at present, there are about 250 public charging
stations operating in India. In the coming days, the number of charging stations is expected to
witness massive growth. As per Kenneth Research, the Indian electric vehicle infrastructure
market is expected to grow at a compound annual growth rate (CARG) of over 40% during a
forecast period 2019-2025.

Theoretically, to sustain the growth of one million electric vehicles, India will need about 4 Mn
(100kW) fast-charging stations, which will charge the vehicle in 1-2 hours. However, as
per DataLabs by Inc42 estimates, India will need 2 Mn (mix of both fast and slow) charging
stations to sustain 1 Mn electric vehicles on the road in each city or region.

The Union Ministry has sanctioned 6000 EV stations on 9 expressways. The union minister,
Mahendra Pandey stated that charging is the main problem when it comes to the usage of EVs.
The Minister requested that the Automotive Research Association of India create technologies
to shorten the charging period for electric vehicles. He also explained that the cost of EV
batteries can reduce if produced locally in India. According to him, the sale of electric cars has
surged dramatically in recent months due to the government’s different plans and incentives.

The government is offering support up to Rs 362 crore per gigaton in this area of EVs through
these newly announced PLI programs, according to Pandey. He also emphasized the
government’s FAME I and II programs have been extended for another two years, through
March 31, 2024. Through the initiative, the government would provide financial assistance
ranging from 8% to 13% for car component makers and from 13% to 18% for EV
manufacturers.

The minister further stated that, in light of the increased use of drones in different applications
in the coming years, the Ministry of Heavy Industries has sanctioned Rs 120 crore for research
and other relevant activities in this respect.
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 ➢ Investment and profit

To start the ev charging station we need approximately 40 lakhs INR Rs.

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EV fast chargers to be more profitable than petrol pumps, claims energy major BP.
BP plans to grow its EV charging business in the coming years to 70,000 charging points
by 2030 from 11,000 now. EV chargers are expected to beat petrol pumps in terms of
business profitability.
To understand the revenue model, lets do some calculations for the next 5 years.

Note: This is just an example, the revenue/profit depends on daily use of the charging station
and various other factors including if you own the charging station installation place or not.

If we assume the upfront investment of Rs. 40 lakhs, we can expect to consume 500-1000 kWh
of EV electricity every day. Lets just say the daily consumption is 1000kWh.

When it comes to the use of electricity (for 360 days and a fixed margin of Rs. 10 per
consumption).

• 1000 kWh per day for 1st year: 1000x360x10 = 36,00,000/-

• 1000 kWh per day for 2nd year: 1000x360x10 = 36,00,000/-
• 1000 kWh per day for 3rd year: 1000x360x10 = 36,00,000/-
• 1000 kWh per day for 4th year: 1000x360x10 = 36,00,000/-
• 1000 kWh per day for 5th year: 1000x360x10 = 36,00,000/-

Total Revenue for 5 years: Rs. 1,80,00,000 /-

EV sales are increasing, and the need for charging stations is increasing daily, even though there
are just 1% of EVs in India compared to regular automobiles.

The answer is YES if you have the financial means and are willing to take on a larger role as an
entrepreneur. Now is the moment to invest in the future, specifically in electric vehicle charging
stations.

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 SWOT ANALYSIS OF YOUR ENTERPRISE

➢ SWOT analysis

1. Strength
 Eco-friendly
 Silent
 Low cost of ownership
 Cheaper to run
 Energy saving achievement from regenerative braking system
 Simple mechanism
 Synergies with existing infrastructure

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2. Weakness
 Needs time to recharge
 Lack of recharging infrastructure
 Batteries change is expensive
 No inherit sensual electricity storage

3. Opportunities
 Government subsidy for ownership
 No congestion charges
 Lower tayes
 Increasing fossil fuel cost
 Advance worldwide infrastructure set-up
 New business model

4. Threats
 Change of fueling process
 Uncertain consumer behavior
 Uncertain impact on distribution grids
 Competition in form of electric hybrid alternative fuel, hydrogen -power car
 Rise in cost of electricity

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 BUSINESS IDEAS FOR INTRAPRENEURIAL AND
ENTREPRENEURIAL OPPORTUNITIES

Existing products/services of EV Charging Station

With EV Charging as a Service, you pay a monthly subscription fee and avoid paying all the
upfront costs of equipment, installation, and permitting. You receive a turnkey EV charging
solution, which includes installation and management software.

If you choose WattLogic as your EV charging company, you may consider charging employees
or the public to use your electric vehicle supply equipment. These charging fees could cover the
cost of your subscription fee. Depending on how robust your EV charging station system is you
could even see positive cash flow!

1. TRICKLE CHARGE

The slowest method of charging your EV at home, using a standard (three-prong) 220V plug. It
is only recommended in urgent cases, with caution and consultation with electricity providers.

2. AC CHARGE

Having a wallbox installed lets you charge 3-4 faster using AC Household Charging. AC Public
Charging is also available.

3. DC CHARGE

The fastest way to charge your EV – at a public DC Fast charging station with power from
50kW and above. With this method you can top up your battery from 20 to 80% in approx. 40
minutes. There are also some ultra-fast charging stations that already provide more than 150kW.

Additional products/services of EV Charging Station

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 SELF- ASSESSMENT TEST TO DISCOVER
ENTREPRENEURIAL TRAITS
Many people dream of being an entrepreneur. They invasion their business as majorly
Successful; allowing them to make enormous wealth, be the boss, have the freedom to come
and go as they Please and work how and when they want. if only, this were reality, every - one
would be entrepreneur! unfortunately this is not the experience for most. Being an entrepreneur
can be tremendously. rewarding but it is hard work.

Name of skiils Present Absent

Creativity Present

Consistency Present

Business mindset Present

Good listener Present

Decision making Present

Optimistic Present

leadership Present

confident Present

Risk taker absent

humanity Present

team building Present

Motivating others Present

energetic Present

perfection absent

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Run for success Present

patience Present

professionalism absent

aggressive absent

BUSINESS OPPORTUNITY SUITABLE FOR ME

To be Successful entrepreneurs, we need to be Continuallyinnovating and looking. for opportunities

to grow our Startups So after research and analyze we need to I think this followingbusiness platform
is Suitable for me.

➢ E-V Charging stations:

as we know the fuel Storage is limited. that's why it is decreasing and its pro Price is increasing,
and that vehicles also have bad effect of nature. that's why people are shifting on the electrical
vehicle in future the majority Vehicles will be electrical. they need. a charging Stations. that's
why this business platform will have large future Scope.
There is need for conveniently accessible charging points for the charging infrastructure
to support the Indian vehicle market.
Because reliability on such high factors maintenance repair became priority issue. As per
reports there are 1 million charging stations in world, and 0.1% of among them are in India and
this could be s great opportunity to work in EV’s sector. The sales of electric powered cars in
local passenger vehiclesegment tripled in 2021 to 14800 units. Last month electric vehicle sales
in country reach grew 296% to 2352 units according to data available with the federation of
automobile dealers association (FADA).

➢ Blogging-

For this project blogging is popular because it gives you the opportunity to create manypotential
sources of income. We can make money from influencer marketing, sponsorship and gated
premium content etc. So we can do it as bajaj is a best quality providing product in a market.

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➢ App Creation-

For creating an app we need to have programming skills. So far this purpose industry can we
give work to programmers who can create apps for mobile devices. So far as the app is very
helpful for people it gives a clear and good feel look for users so that they can get attracted and
discover more range of products.

➢ Freelancing-

Instead of consulting where you can share your knowledge in freelancing you can practice your
skills for other business. If you are looking for a more free hand off business you can hire
freelancer and delegate the project to them so that the business scales better.

SURVEY THE INDUSTRY- NOTE GRADE, INVESTMENT,

TURNOVER, POLLUTION

A successful entrepreneur is who that learns from existing infrastructure by this we can analyze
the reasons behind their success and failure and can understand the required steps/ideas to avoid
failure and bring up success. Some G.O.A.T in field of EV charging are given below

➢ EXICOM
EXICOM was founded in 1994. Exicom tele systems is a company which operates in 3 key
business area around vertical markets of telecom, storage & green mobility. This is the
vertically integrated. Company with over 30 years of experience in designing, engineering of
manufacturing Products and Solutions for needs of today and future.
Their goal is to accelerate the electrification of vehicles in India by Providing Ev Charging
infrastructure and li-on batteries for all types of vehicles with technology that is global, Cost
which is affordable, quality that is World class. Exicom became the largest EV Charger
maker, complating 5ooo installations within four year of inception.

Its authorized Share capital is INR 30.00 Cr and the total paid up capital IS INR 7.23 CY.

Exicom tele-Systems limited's operating revenues range is INR 100 Cr - 500 cr for the
financial year 2021. It'S EBITDA has Increased by 86.02% over the previous year. At the

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 same time its book net worth has increased by 2.07%. Total assets of company is increased
by 19.42%.

VISIT BANK/FINANCIAL INSTITUTION TO ENQUIRE

VARIOUS FUNDING SCHEMES

➢ MUDRA:
The micro units development and refinance agency or MUDRA , is a flagship program of
government of india to provide funds to entrepreneurs. Under the Mudra loan scheme,
people involved in non-farm activities can avail loan up to Rs. 10 lakh. Any businessperson
or business who/which has not been a defaulter on any loan repayment previously is eligible
to borrow under the Pradhan Mantri MUDRA Yojana.

• CGS (Credit Guarantee Scheme) :

The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched
by the Government of India (GoI) to make available collateral-free credit to the micro and
small enterprise sector. The guarantee cover available under the scheme is to the extent of
50%/ 75% / 80% & 85% of the sanctioned amount of the credit facility.

• Bank Credit Facilitition Scheme:

NSIC, National Small Industries Corporation, is an ISO 9001-2015 certified Government of

India Enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME).

• Stand up India Scheme

The scheme is anchored by Department of Financial Services (DFS), Ministry of Finance,

Government of India.Stand-Up India Scheme facilitates bank loans between Rs 10 lakh and
Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at
least one woman borrower per bank branch for setting up a green field enterprise

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• MSME Loan:

MSME Loans also known as Micro, Small, and Medium Enterprise Loans are types of loans
which you can avail if you own a business or is an entrepreneur. The interest rates on MSME
loans start at 7.65% p.a. The loan amount sanctioned ranges from as low as Rs.50,000 and
can go up to a few crores

• NABARD:

The national bank for agriculture and rural development, for short, is primilarly aimed
towards providing credit benefits to agriculture as well as other cottage and village
industries.

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 COLLECT LOAN APPLICATION FORMS OF NATIONALIZE
BANKS/OTHER FINANCIAL INSTITUTIONS.

Loan Application Forms: -

1. Kotak Mahindra Bank

2. Pradhan Mantri Mudra Yojana

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 THE FINANCIAL AGENCIES THAT WILL
HELP TO SET UP THE BUSINESS ENTERPRISE

1. Bajaj Finance Limited- Bajaj Finance Limited was founded in 2007 and is a unit of
Bajaj Holdings and Investments. It offers loans to doctors for career enhancement, home
loans, gold loans, individual Loans, business and entrepreneur loans and is an extremely
popular finance company. Apart from these, Bajaj Finserv also provides services like wealth
advisory, lending money and general insurance. It has over 1400 branches across the country
with more than 20000 employees.

2. L & T Finance Limited- L & T Finance Limited is a strong player in the non banking
financial sector and was established in 1994. Headquartered in Mumbai, L & T offers
funding services to different sectors like trade, industry, agriculture, Commercial Vehicle
loans, Individual Vehicle loans, and corporate and rural loans. The company caters to more
than 10 lakh people. In 2010, L & T was awarded the “Company of the year” in the
Economic Times awards.

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THE GOVERNMENT AGENCIES THAT WILLHELP TO SET UP
THE BUSINESS ENTERPRISE.
1) MUDRA – The Micro Units Development and Refinance Agency or MUDRA, is a flagship
program by the government of India to provide funds to micro and small enterprises. What
sets MUDRA apart from other loan schemes is the fact that no collateral is required to avail
this loan. It is applicable for manufacturing, trading, and even allied agricultural services. It
has 3 modules, Shishu (loan up to 50,000), Kishor (Loan between 50,000 and 5 lakh) and
Tarun.

2) Stand Up India Scheme: Launched in 2016, this scheme was implemented to cater to
women entrepreneurs, as well as those from SC and ST communities. Ranging from 10 lakh
to 100 lakh, it is available for Greenfield ventures in manufacturing, trading, and service
units. Under this scheme, it is mandatory for every bank to lend money to at least one
woman entrepreneur and one SC/ST unit per branch. The loan can be provided as working
capital with a maximum return period of 7 years.

3) ATAL innovation mission: Atal Innovation Mission (AIM) is Government of India’s

flagship initiative to create and promote a culture of innovation and entrepreneurship across
the length and breadth of our country. AIM’s objective is to develop new programmes and
policies for fostering innovation in different sectors of the economy, provide platforms and
collaboration opportunities for different stakeholders, and create an umbrella structure to
oversee the innovation & entrepreneurship ecosystem of the country.

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 TECHNOLOGICAL FEASIBILITY REPORT

A technical feasibility study assesses the details of how you intend to deliver a product
or service to customer Think materials, labor, transportation, where your business will be
located, and the technology that will be necessary to bring all this together. It's the logistical or
tactical plan of how your business will produce, store, deliver, and track its products or services.
A technical feasibility study is an excellent tool for both troubleshooting and long-term
planning. It can serve as a flowchart of how your products and services evolve and move
through your business to physically reach your market.

• Technical feasibility lays outs on details

1. Material / equipment
2. Labour/staff
3. Transportation
4. Physical location
5. Technology

1. Equipment/ Material requirement

▪ Electrical vehicle charger controller
▪ Power source
▪ Three phase electrical power
▪ Computer
▪ Safety equipments
Specifies safety requirements for charging infrastructure including general
safety for EV charging stations, earth protection system, fire safety, testing of
charging stations, inspection and periodic assessment, maintenance of records,
and safety provisions as per international standards that need to be followed.

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2. Calculating labour/staff requirements
At initial point we need 10-12 employee in charging stations
▪ Senior level management
▪ Office support
▪ Technical staff
▪ Accountant
▪ Support and cleaning staff

3. Transportation Requirement
To provide mobile emergency services to needed person we need some mini vans

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4. Physical Location
Following graph shows the no. of vehicles gets charged at the specific location

As considering this graph we would like to choose high way location from some
distance to city

5. Technology
▪ Chargers (fast/normal)
▪ Power controller
▪ CCTV system
▪ Billing system
▪ Staff management system
▪ TOD metering system(Time of the Day (TOD) metering is a technology that
enables the implementation of time varying prices under which the price per
unit of electricity varies according to the TOD tariff with higher rates at peak
periods and low rates at off-peak periods.)

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 FINANCIAL FEASIBILITY REPORT

Financial issues we can face in our business-

1. Late payment of bills :

Just as it is important to receive payments on time, it is equally important to pay bills on time.

What could be the reasons for late payment? Could you be facing a cash flow problem?

Solution:Start by renegotiating your payment terms. Even better, look for customers with better

payment terms. You must also make a monthly budget and stick to it. Set a day every week to

go through payments and to sign checks.

2. Underestimating startup costs :

Most entrepreneurs tend to underestimate how much starting a business will cost them. Higher

figures might scare you, and you might be tempted to underestimate your needs, worrying that

investors may not be willing to finance your startup. The reality is quite different. Banks look

for realistic plans when approving investments. If you borrow less money than required, you

could run out too soon and will need to borrow again lagrow

Solution:

Factor in all worst-case scenarios and estimate startup costs accordingly. You will only be

delighted when half your fears are not realised. By borrowing the amount you know you really

need, you are more likely to survive and grow.

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 VISION AND MISSION STATEMENT
A vision statement describes what a company desires to achieve in the long-run, generally in a
time frame of five to ten years, or sometimes even longer. It depicts a vision of what the
company will look like in the future and sets a defined direction for the planning and execution
of corporate-level strategies.

❖ VISION:
We wish to make a positive change in society by providing clean and self-
sustainable e-Mobility solutions with our cost-effective, reliable and high-quality
services.

❖ MISSION:
Promoting the adoption of green technology and contributing to the growth of society by
providing sustainable energy solutions. Also, it aspires to play an instrumental role in
reducing pollution in the country by encouraging the use of Electric Vehicles.

❖ OUR BELIEF:
We strives to achieve zero-emission mobility by encouraging the EV adoption with ease
of EV charging infrastructure availability.

❖ PURPOSE:
Our ultimate motto is to develop modern IoT based AC and DC charging stations
globally to meet the demands of customers. At the same time, we aspire to help the
community with our unique solutions for a clean, self -sustainable and pollution-free
environment.

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SET OF SHORT TERM, MEDIUM TERM AND LONG TERM

GOALS FOR STARTING A ENTERPRISE.

❖ Short term
1. Providing Battery swapping technology
An alternative battery recharging method that is receiving global
attention is battery swapping, in which a depleted EV battery is removed
from the vehicle and replaced with a fully charged one. The technology is
being tried out for various EV segments, including e-2Ws, e-3Ws, e-cars
and even e-buses. Battery swapping has some distinct advantages over
plug-in charging but is also confronted with several challenges in its
development as a mainstream charging method

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 2. Providing Battery cooling system:
Nowdays the incidence of catching fire by the ev’s is getting common to
avoid this we will try to cool the batteries at the time of charging

3. Providing Entertainment zones:

Vehicle takes more to get charged in this time we will try to provide
entertainment to customer.

❖ Medium term:

1. Increasing the numbers of chargers.

By increasing the numbers of chargers will help to increase the
infrastructure and satisfy more customer and the number of vehicles
getting charged will be increased.
2. Setting up public chargers
We will try to set up chargers at public places i.e. Public parking lots, on-
street parking, charging plazas, petrol pumps, highways, metro stations
etc.
3. Charging home batteries
At the time of emergencies we will provide the facilities for charging the
charging home batteries.
4. Increasing network
We will try to increase network to reach more customers.

❖ Long term:
1. To be the leader in this sector
Our aim is to be the top ev chargers provider in coming year’s and
become a role brand in ev charging sector.
2. Increasing network nation wide
We will try all time to increase and establish the charging network to
reach the customer nationwide.
3. Generate renewable energy:
We will try to generate renewable energy using solar system to provide
customer 100% green energy.

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 MARKETING STRATEGY FOR CHOSEN ENTERPRISE

1. Harness the Power of social media

2. Work on your Search Engine Ranking
3. Have an Efficient App
4. Make the Most of a Delivery Software
5. Use Video
6. Influencers
7. SMS Marketing
8. Email Marketing
9. Real-Time Marketing
10. Keep up With Modern Trends

VARIOUS INSURANCE SCHEMES COVERING DIFFERENT

RISK FACTORS

1. Liability Insurance Policies

A Liability Insurance is there to help protect you against any claims resulting from damage
or injury that may be caused by your business’s operations, its products, or on its premises.
There are many types of liability insurance:
• General Liability Insurance - A type of insurance coverage that businesses need to
protect themselves against any legal liability for damages or injuries to any third party,
plus advertising injuries and personal injuries as well as any injuries or damages that
take place because of your business's operations.

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 • Public Liability Insurance - Covers you and your business against any damages or losses
caused to a third-party (i.e., anyone other than you—the insured person or business—
and the insurance company) on the premises.

• Professional Liability Insurance - Protects you or your business against claims of

professional negligence, errors, or omissions. It is most useful for professionals like
architects, engineers, consultants, lawyers, building designers, medical professionals,
and accountants.

• Management Liability - This insurance is there to protect your company’s directors and
officers against circumstances that aren’t usually covered under a public or general
liability policy, like allegations of wrongdoing, directed at the company’s managers,
directors and officers.

• Contractual Liability - This covers you and your business against contractual liabilities, or
those liabilities that you and your business would assume from entering into a contract
of any nature, like a lease, rental agreement, or other common business contracts. It will
cover you for things like financial losses and legal expenses.

2. Property Insurance Policies

Property Insurance covers you in case of any loss damage, or theft to your commercial
property, and its contents, whether it is a personal or rented business space.
• Building Insurance - A building insurance plan insures shops, buildings, offices, and other
commercial properties from fires, natural calamities, burglaries, and a number
of other damages to buildings.

• Consequential Loss (Fire) Insurance - A fire insurance covers expenses incurred due to
consequential damages of property due to fire breakouts. So, if your shop is damaged
by a fire, it will help you cover for any loss to your business and revenue that you might
face because of the damage to your shop. *Disclaimer - Fire Insurance is not a

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 standalone product. To avail this cover, you need to purchase Digit's SFSP policy with a
Fire cover add-on.

• Sign Board Insurance - This covers your business against any accidental loss or damage
to the signboards and hoardings that are placed outside and in public from dangers like
natural perils, fire, and theft. It also covers against legal liability in case the signboard is
the cause of any third-party damages.

• Plate Glass Insurance - A type of insurance policy that will protect your business against
any damage or breakage of large panes of glass on your commercial buildings, like shop
windows, glass doors, transparent walls, and more.

• Burglary Insurance - This burglary insurance policy covers you in case of theft of cash,
jewellery and other valuable products, as well as any losses and damages that can be
caused due to a burglary. *Disclaimer - Burglary Insurance is not a standalone product.
To avail this cover, you need to purchase Digit's SFSP policy with a Burglary add-on.

3. Money Insurance

It is there to help you protect your business's money and monetary transactions, including
cash, cheques, drafts, postal orders. You and your business will be protected in case of theft,
loss, or accidental damage to your money, while it is in transit or secured in a safe or
cash counter.
Know more about Money Insurance.

4. Fidelity Guarantee Insurance

This protects you and your business against any loss directly resulting from the dishonest acts
of your employees during the course of their employment. So, a fidelity insurance will protect
your business from any financial costs incurred as a result of dishonesty, theft or fraudulent
acts by employees.

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5. Electronic Equipment Insurance

This will protect you in case your business’s electronic equipment faces any loss or material
damage to electronic equipment (which can include systems software). This includes costs of
repair or replacement, loss or damage to any external data, and the increased cost of working
when your equipment is out of commission.

6. Commercial Vehicle Insurance

A Commercial Vehicle Insurance policy will cover damages and losses caused to or by a
commercial vehicle and its owner-driver in situations like accidents, collisions, natural
calamities, fires, etc.

If your business owns one or many vehicles, or involves the use of vehicles, such as cabs, this
coverage is essential. This type of insurance covers passenger carrying vehicles (like cabs,
autos, buses, etc.), goods carrying vehicles (like trucks, tempos, lorries, etc.) and any special
vehicles used for farming, mining or construction.

It is mandatory for all businesses to buy a commercial vehicle insurance for their vehicles, such
as for auto-rickshaws, cabs, school buses, tractors, commercial vans and trucks, amongst
others.
Know more about:
• Commercial Vehicle Insurance

• Taxi/Cab Insurance

• Auto Rickshaw Insurance

• Truck Insurance

7. Worker’s Compensation Insurance

This policy is for employers when they provide compensation to their employees in case of
accidents that happen while they are on the job. It covers employees in the case of diseases,

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bodily injury, disability, or death caused due to accidents in course of employment and helps
them to get the care they need.

By doing this, it enables employers to meet the requirements of the Workmen Compensation
Act and protection from lawsuits.
Know more about Workmen Compensation Insurance.

8. Group Health Insurance Policies

• Employee Health Insurance - An Employee Health Insurance is a health insurance plan

that covers the employees of an organization, under one policy, where the premium is
borne by the employer. The price for the same is comparatively a lot less as compared
to individual health insurance plans and, it also benefits employers in tax reductions,
therefore making it beneficial for both the employer and employee.

• Group COVID–19 Cover - COVID-19 Group Protection is a health insurance policy that is
designed to cover employees during the coronavirus pandemic. It provides coverage for
any medical expenses that they may have during treatment for COVID-19.

Define risk factors of our business:

1) Technical Risks:
• Accidents in factory or office.
• Property risk.

2) Physical Risks:
• Accidental death of employee.
• Car or bike accidents.
• Hospitalisation cost of employee.

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 THE BREAKEVEN POINT OF AN BUSINESS IDEA

The breakeven formula for a business provides a dollar figure they need to break even.
This can be converted into units by calculating the contribution margin (unit sale price fewer
variable costs). Dividing the fixed costs by the contribution margin will provide how many units
are needed to break even

The information required to calculate a business's BEP can be found in its financial statements.
The first pieces of information required are the fixed costs and the gross margin percentage.

Let’s look at these example statistics from a restaurant’s last quarter:

• The restaurant had $450,000 in sales.

• Their total variable costs amounted to $180,000.

• Their total fixed costs amounted to $200,000.

Now, let’s turn these costs into one-month averages:

• On average, the restaurant had $150,000 in sales per month.

• On average, the restaurant had $60,000 in variable costs per month.

• On average, the restaurant had $66,666 in fixed costs per month.

With these numbers, we’ll first subtract the number of total variable costs ($60,000) from total
sales ($150,000). Next, we divide that difference ($90,000) by the total sales number
($150,000). Then, we take one minus that quotient (0.4), which equals 0.6. Finally, we divide
the total fixed costs ($66,666) by 0.6.

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Ready to see it all made clear? Using this example, let’s crunch some numbers to see how to
calculate break-even point in dollars:

• Break-Even Point = Total Fixed Costs ÷ (Total Sales - Total Variable Costs ÷ Total
Sales)

• Break-Even Point = $66,666 ÷ ($150,000 - $60,000 ÷ $150,000)

• Break-Even Point = $66,666 ÷ ($90,000 ÷ $150,000)

• Break-Even Point = $66,666 ÷ 0.6

• Break-Even Point (in Dollars) = $111,110

In this example, we calculated that the restaurant’s break-even point was when it reached an
average of $111,110 in sales per month.

Let’s say you discovered from your sales records that the average dollar amount per guest for
the same previous three months is $45. You can use that number to determine your break-
even amount when it comes to the number of guests you need per month. All you need to do
is divide your monthly break-even amount by the average amount spent per guest.

• Break-even point (in guests) = $111,111 ÷ $45

• Break-even point = 2,469 guests

• Comes out to an average of 83 guests per day

There you have it. We hope these formulas and breakdowns help you better understand how
to calculate break-even point for your restaurant.

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 business plan for small scale enterprise..

Business Plan:-

A business plan is a document that defines in detail a company's objectives

and how it plans to achieve its goals. A business plan lays out a written roadmap
for the firm from marketing, financial, and operational standpoints. Both startups and
established companies use business plans..

Skills for starting business :-

• Financial management. Being able to effectively manage your finances is critical.

• Marketing and customer service.
• Communication and negotiation.
• Leadership.
• Project management and planning..
• Delegation and time management.
• Problem solving.
• Networking.
• Smart working.

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Resources available with us to start business :-
The resources you need to start a business can be broken into five broad categories: financial,
human, educational, emotional and physical resources. To start the business we have
Knowledge, proper planning and confident.

Business plan in future:-

A business plan is a written description of your business's future. That's all there is to it--a
document that describes what you plan to do and how you plan to do it. If you jot down a
paragraph on the back of an envelope describing your business strategy, you've written a plan,
or at least the germ of a plan.

Our business plan in future to make our business grow, set the target of our business where
we now where we want to go in future.

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