Setting Up Small Enterprises

Setting up Small Enterprise

Steps in setting up small enterprise

1. Deciding to go in to business

2. Analysing Strengths / Weaknesses

3. Product Selection

4. Market Survey

5. Forms of ownership

6. Location

Steps in setting up small enterprise

7. Technology

8. Machinery and Equipment

9. Project Report

10. Finance

11. Power Connection

12. Installation of Machinery

Steps in setting up small enterprise

13. Recruitment of Manpower

14. Raw Material

15. Production

16. Marketing

17. Quality

Small Business Management

5 Steps

Plan

Organise

Co-ordinate

Lead

Control

Planning

Set Objectives

Outline Procedures

Assign Responsibility

What do you want to achieve?

How will you achieve your objectives?

Which people and what skills are needed?

PlanningAnswer these questions!

What is to be done?

When will it be done?

Where will it be done?

Who will do it?

How will it be done?

Organising

Determine all work that needs to be done

Divide work logically to be comfortably performed by individuals

Aggregate the work // Departmentalization

Co-ordinate work

Design Organizational Structure

Leading

Set a direction for your enterprise towards achieving organizational goals

Co-ordination

Ensure no overlap of duties and no job is left undone

Left hand knows what the Right hand is doing

Controlling

Continuously check actual results against desired results

Make changes in work orders, methods or materials