Name: Ritanshi Verma

Class: B.COM
Semester: 3rd
Roll no. : 22040140295
ENTREPRENEURSHIP (LOCAL
ENTREPRENEUR) PROJECT

SUBMITTED TO : MS. KUSHA JAMWAL

 CERTIFICATE
This is to certify that Ritanshi Verma of B.Com Semester 3rd under University
Roll No. 22040140295 has submitted her project file to Govt. SPMR College
of Commerce, Jammu. She has carried out the project under the able
guidance and supervision of
Ms. Kusha Jamwal
It is further approved and certified by the following signatures:
_______________ ________________
Prof. Pawan Kumar Gupta Ms. Kusha Jamwal
(HOD, Commerce)
 ACKNOWLEDGEMENT

I would like to convey my heartful thanks to Ms. Kusha Jamwal who have
always given me her valuable suggestion and guidance during the completion
of this work. She has been a source of inspiration and guide for completing this
project.
THANK YOU
Guidance of Ms. Kusha Jamwal
Name of the student : Ritanshi Verma
 DECLARATION

I hereby declare that the project work entitled, ".EDP......" submitted to Govt.
SPMR College of Commerce, Jammu is a record of original work done under
the guidance of MS. KUSHA JAMWAL. The results in this research have not
been submitted to any other university or institution for the award of degree
or diploma.

Ritanshi verma

Name of Student
 STARTUP

The term startup refers to a company in

the first stages of operations. Startups
are founded by one or more
entrepreneurs who want to develop a
product or service for which they believe
there is demand. These companies
generally start with high costs and
limited revenue, which is why they look
for capital from a variety of sources such
as venture capitalists
KEY CHARACTERISTICS OF STARTUPS INCLUDE

Innovation

Scalability

Risk

Funding
ADVANTAGES OF STARTUP

POTENTIAL INCREASE
INCOME

BEING YOUR OWN

BOSS

HELP YOUR
COMMUNITY BY
CREATING MORE
JOBS.
DISADVANTAGES OF STARTUP

High risks.

Limited
Financing.

Lack of
experience.
STARTUP INDIA

"Start Up India" is a
revolutionary scheme that
has been started to help the
people who wish to start
their own business. Success
of this scheme will eventually
make India, a better economy
and a strong nation.
VISHAVKARMA ENGG. WORKS

A Brief History

1999: Start up

2000: Started with Welding shop

2004: Introduced Motor Vehicle

Repair

2008: Introduced tyres,tubes and

many others.

2023: Also Introduced batteries

According to Mr. Ajay kumar, The establishment of
an engineering workshop typically involves securing
a location, acquiring necessary equipment, obtaining
relevant permits, and hiring skilled personnel. It
begins with a comprehensive business plan outlining
goals, budget, and target market. Once I completed
planning, other process usually involves finding a
suitable location, setting up infrastructure, procuring
machinery, and ensuring compliance with safety
regulations. Effective marketing strategies and a
focus on quality services contribute to the shop's
success.

VISHAVKARMA ENGG. WOKRS dedication is to serve quality and every service that the customer
requried.With time, the Shop's reputation grew, not only residents of Bishnah but also people's of
other areas are taking the advantages of services provided here.
 Question and Answer Session with Vishavkarma Engg. Works Shop's Owner

Question: What inspired you to startup with Engg.works?

Answer:I had a great interest in this work. I love work activities that have
to do with ideas and thinking.

Question:What challenges did you face when starting the business, and how
did you overcome them?
Answer:Starting out, the biggest challenge was establishing a customer base. It
took time to build trust and credibility. Also, managing inventory and ensuring
consistent quality were initial hurdles. I tackled these by focusing on
personalised service.

Question:What advice do you have for aspiring entrepreneurs looking to start a Engg. Workbusiness?
Answer:My advice would be to start with something you're really passionate about,and whatever someone
do, patience is a crucial trait.
 INVESTMENT PLAN
1. Infrastructure and Equipment: Estimate costs for
workshop space, machinery, tools, and technology=
50,000
2. Employee Costs: Factor in salaries and benefits for
skilled technicians, engineers, and support staff=10,000
3. Operational Expenses: Include costs for utilities,
maintenance, and consumables required for daily
operations=10,000
4. Marketing and Outreach: Set aside a budget for
marketing initiatives to attract clients and promote the
workshop=5000
5. Safety and Compliance: Ensure compliance with safety
standards and allocate funds for safety measures and
equipment=10,000
6. Technology and Software: Budget for engineering
specialized tools required=10,000
7.Contingency Fund: Include a contingency fund to address unexpected expenses or
market fluctuations=10,000
8. Business Development: Invest in strategies to expand the workshop's client base
and explore new business opportunities=10,000
9.Financial Planning: Develop a detailed financial plan, including revenue projections,
expenses, and potential return on investment= 20,000
10.Legal and Regulatory Compliance: Budget for legal advice to ensure compliance
with regulations and handle any potential legal issues=10,000
Advanced Equipment: Invest in modern and efficient machinery to enhance productivity and
deliver high quality results.
Diversified Services: Offer a range of engineering services to cater to various needs, such as
machining, welding, fabrication, and prototyping.
Skilled Workforce: Hire skilled engineers and technicians to ensure the workshop's capability
to handle diverse projects and challenges.
Safety Protocols: Prioritize safety with comprehensive training programs and strict adherence
to safety protocols to create a secure working environment.
Environmental Sustainability: Implement eco-friendly practices, such as waste reduction and
energy efficiency, to contribute to sustainability efforts.
Client Collaboration: Foster strong relationships with clients through effective communication
and collaboration, ensuring their needs are understood and met.
Quality Assurance: Establish rigorous quality control processes to guarantee the precision and
reliability of the engineering work.
Continuous Training: Provide ongoing training for employees to keep them updated on the
latest technologies and industry trends.
Innovation Hub: Create a space for innovation and experimentation, encouraging employees
to come up with creative solutions and improvements.
Digital Presence: Develop a strong online presence through a professional website and social
media to showcase your capabilities and attract potential clients.

Therefore, adaptability and a commitment to excellence are key factors for the success of an
engineering workshop.
 MY EXPERIENCE:

At last ,I want to share my experience of Visiting an engineering workshop. It

is always fascinating visiting Engg.workshop, as its shop of my own Uncle. The
hum of machinery, the scent of metal, and the sight of skilled technicians at
work create an immersive experience. Observing the precision of the tools,
witnessing various stages of fabrication, and understanding the intricate
processes involved provide valuable insights into the world of engineering. It's
a tangible way to appreciate the application of theoretical knowledge in real-
world projects.