Tuesday, October 18, 2016
Entrepreneurship helps in the development of nation. A successful entrepreneur not only creates employment for himself but for hundreds. Deciding on a right project can lead you to the road to success. Entrepreneurship is one of the critical decisions to be made and it involves number of risk and has its own advantages also. But the charm of being a master of you is always above any other form of work. To start you own venture you have to decide on many things. Starting a business involves planning, making key financial decisions and completing a series of legal activities. To run a successful business, you need to learn all about your existing and potential customers, your competitors and the economic conditions of your market place. The small industries sector plays a vital role in the industrial development of the recent globalization process. In both developed and developing countries, the Government is turning to small and medium scale industries and entrepreneurs, as a means of economic development and a veritable means of solving problems. It is a seedbed of innovations, inventions and employment. Any unit or new entrepreneur, establishing or implementing the project needs a complete set of plan and finance for making it successful. You do not need to be a genius to run a successful business, but you do need some help. And that is exactly what this book is, a guide into the stimulating world of business ownership and management.
An integral aspect of starting a successful export business in India is to have a proper understanding of the products being exported. The entrepreneurs need to perform a thorough research of the market where they are intending to export.
India is the 14th largest exporter in the world, exporting a wide range of goods and services. India’s exports are growing each year. India is set to be among the top 5 exporters in the world by the year 2030.
Before starting any business, it is important to draw out a business plan. For those starting an export business, it is important to cover the following aspects thoroughly:
· Identification of goals – How much earnings are required to make it a profitable business.
· Including systems for gauging and analyzing progress – Reviewing the business plan and performance at regular periods, getting professional assistance if needed.
· Listing of activities needed to achieve goals – Setting up contacts with suppliers and other important people in the business as well as government authorities so as to stay updated and informed. Research is also needed. Professional help can be sought to create a business plan.
· Retaining focus needed to achieve ambitions – Keeping a cool head in spite of financial issues and economic crises and looking for alternative products and services if needed.
This book basically deals with the preliminary steps, registration of the firm, organizational export assistance, selection of a product for export, obtaining a export licence, identification of export market, export environment, export marketing assistance, basis of export marketing, export potential products, packaging and labelling , export assistance and facilities, processing of an export order, export sales contract, negotiations for export business tips for success, new developments in business to business marketing, the evolution of strategic management, thirty six trends for the new millennium etc.
This book will help you to handle all aspects of running your own business. This is very useful book for new entrepreneurs. You will see how your dream to be your own boss becomes a reality.
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