• NCERT Solutions
    • NCERT Library
  • RD Sharma
    • RD Sharma Class 12 Solutions
    • RD Sharma Class 11 Solutions Free PDF Download
    • RD Sharma Class 10 Solutions
    • RD Sharma Class 9 Solutions
    • RD Sharma Class 8 Solutions
    • RD Sharma Class 7 Solutions
    • RD Sharma Class 6 Solutions
  • Class 12
    • Class 12 Science
      • NCERT Solutions for Class 12 Maths
      • NCERT Solutions for Class 12 Physics
      • NCERT Solutions for Class 12 Chemistry
      • NCERT Solutions for Class 12 Biology
      • NCERT Solutions for Class 12 Economics
      • NCERT Solutions for Class 12 Computer Science (Python)
      • NCERT Solutions for Class 12 Computer Science (C++)
      • NCERT Solutions for Class 12 English
      • NCERT Solutions for Class 12 Hindi
    • Class 12 Commerce
      • NCERT Solutions for Class 12 Maths
      • NCERT Solutions for Class 12 Business Studies
      • NCERT Solutions for Class 12 Accountancy
      • NCERT Solutions for Class 12 Micro Economics
      • NCERT Solutions for Class 12 Macro Economics
      • NCERT Solutions for Class 12 Entrepreneurship
    • Class 12 Humanities
      • NCERT Solutions for Class 12 History
      • NCERT Solutions for Class 12 Political Science
      • NCERT Solutions for Class 12 Economics
      • NCERT Solutions for Class 12 Sociology
      • NCERT Solutions for Class 12 Psychology
  • Class 11
    • Class 11 Science
      • NCERT Solutions for Class 11 Maths
      • NCERT Solutions for Class 11 Physics
      • NCERT Solutions for Class 11 Chemistry
      • NCERT Solutions for Class 11 Biology
      • NCERT Solutions for Class 11 Economics
      • NCERT Solutions for Class 11 Computer Science (Python)
      • NCERT Solutions for Class 11 English
      • NCERT Solutions for Class 11 Hindi
    • Class 11 Commerce
      • NCERT Solutions for Class 11 Maths
      • NCERT Solutions for Class 11 Business Studies
      • NCERT Solutions for Class 11 Accountancy
      • NCERT Solutions for Class 11 Economics
      • NCERT Solutions for Class 11 Entrepreneurship
    • Class 11 Humanities
      • NCERT Solutions for Class 11 Psychology
      • NCERT Solutions for Class 11 Political Science
      • NCERT Solutions for Class 11 Economics
      • NCERT Solutions for Class 11 Indian Economic Development
  • Class 10
    • NCERT Solutions for Class 10 Maths
    • NCERT Solutions for Class 10 Science
    • NCERT Solutions for Class 10 Social Science
    • NCERT Solutions for Class 10 English
    • NCERT Solutions For Class 10 Hindi Sanchayan
    • NCERT Solutions For Class 10 Hindi Sparsh
    • NCERT Solutions For Class 10 Hindi Kshitiz
    • NCERT Solutions For Class 10 Hindi Kritika
    • NCERT Solutions for Class 10 Sanskrit
    • NCERT Solutions for Class 10 Foundation of Information Technology
  • Class 9
    • NCERT Solutions for Class 9 Maths
    • NCERT Solutions for Class 9 Science
    • NCERT Solutions for Class 9 Social Science
    • NCERT Solutions for Class 9 English
    • NCERT Solutions for Class 9 Hindi
    • NCERT Solutions for Class 9 Sanskrit
    • NCERT Solutions for Class 9 Foundation of IT
  • CBSE Sample Papers
    • Previous Year Question Papers
    • CBSE Topper Answer Sheet
    • CBSE Sample Papers for Class 12
    • CBSE Sample Papers for Class 11
    • CBSE Sample Papers for Class 10
    • Solved CBSE Sample Papers for Class 9 with Solutions 2024-2025
    • CBSE Sample Papers Class 8
    • CBSE Sample Papers Class 7
    • CBSE Sample Papers Class 6
  • Textbook Solutions
    • Lakhmir Singh
    • Lakhmir Singh Class 10 Physics
    • Lakhmir Singh Class 10 Chemistry
    • Lakhmir Singh Class 10 Biology
    • Lakhmir Singh Class 9 Physics
    • Lakhmir Singh Class 9 Chemistry
    • PS Verma and VK Agarwal Biology Class 9 Solutions
    • Lakhmir Singh Science Class 8 Solutions

Learn CBSE

NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12

Entrepreneurial Planning – CBSE Notes for Class 12 Entrepreneurship

January 17, 2024 by Sastry CBSE

Entrepreneurial Planning – CBSE Notes for Class 12 Entrepreneurship

1. Entrepreneurial activities are of three major categories: Manufacturing, trading and service providing.
2. Business is ‘A state of being busy or occupied’.
3. Activities undertaken to earn monetary benefits are called economic activities.
4. Activities done out of love and affection and not to earn monetary benefits are called non¬economic activities.
5. There are three main forms of enterprises: Public Sector, Private Sector, Joint Sector,
etc.
6. Partnership: Two heads being better than one.
7. The Business Plan is a comprehensively written down document prepared by the entrepreneurship.
8. Business plane is sub-plans from diverse avenues of business, related to:
— Marketing — Finance
— Operations — Human — Legal
9. Business plan is prepared by an entrepreneur with the assistance of experts & professionals from diversified fields.
10. Four C’s of credit are: Character, Cash Flow, Collateral and Contribution (equity)
11. Depending upon the entrepreneurs experience, knowledge and purpose, following are the basic components/parts of a Business Plan.
— Executive summary — Industrial analysis
— Description of venture — Production plan
— Operation plan — Organisational plan
— Financial plan — Marketing plan
— Manpower plan
12. Executive summary highlights in a concrete and convincing manner, the key provisions in the Business Plan, yet stimulating the potential investors that the entire plan is worth reading.
13. Objective of production plan is to plan the work in a manner that each step to be taken in the right place, right degree, right time and efficiently.
14. Operations plan is the soul of business plan.
15. Organizational plan is that part of business plan which describes to proposed venture’s form of ownership.
16. Financial plan is a projection of the financial data about the potential investment commitment needed for the new venture and economic feasibility of the enterprise.
17. In order to build up loyal, efficient and dedicated personal, entrepreneurs needs to pay adequate and proper attention to human resource planning.
18. Marketing plan is a guideline regarding the marketing objectives, strategies and activities to be followed by any enterprise.
19. Formalities for starting a business:
— Obtain PAN Number from Income Tax Department — Open a Current Account
— Register a Limited Liability Partnership (LLP)
— Register Your Company (Pvt. Ltd/Public Limited Company)
— Register For Service Tax — Register for VAT/Sales Tax — Excise Duty (Check Applicability)
— Shop & Establishment Act — Customs Duty
— File Entrepreneurship Memorandum at DIC (Optional)
— Apply for TAN
— Find State Specific Guidelines & Procedures
— Permissions Required at the Construction Stage Employee’s Provident Fund — Employees State Insurance (ESI) Scheme

Words That Matter
1. Business: Business is ‘a state of being busy or occupied’.
2. Economic activities: Activities undertaken to earn monetary benefits are called economic activities.
3. Non-economic activities: Activities done out of love and affection and not to earn monetary benefits are called non-economic activities.
4. Organisational Plan: Organizational plan is that part of business plan that describes to proposed venture’s form of ownership.
5. Financial Plan: Financial plan is a projection of the financial data about the potential investment.
6. Marketing plan: Marketing plan is a guideline regarding the marketing objectives, strategies & activities to be followed by any enterprise.
7. Proforma income statement: Proforma income statement is a projected net profit calculated from estimated revenue minus projected costs and expense.
8. Break even analysis: The Break even analysis is a process of determining a point where firm neither makes profit nor a loss.
9. Target market: Target market refers to the specific group of potential customers whose needs the enterprise aims to fulfil.
10. TAN: TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax.
11. Elevator pitch: Elevator pitch is a three minute summary of the business plan’s executive summary.
12. Production Plan: Production plan is the planning of industrial operations involves four considerations, namely, what work shall be done, how the work shall be done and lastly, when and by whom the work shall be done.
13. PAN: Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued by the Income Tax Department.

CBSE NotesCBSE Notes EntrepreneurshipNCERT Solutions Entrepreneurship

Filed Under: CBSE Tagged With: cbse notes, Class 12 Entrepreneurship Notes, class 12 notes, ncert notes, Revision Notes

LearnCBSE.in Student Education Loan
  • Student Nutrition - How Does This Effect Studies
  • Words by Length
  • NEET MCQ
  • Factoring Calculator
  • Rational Numbers
  • CGPA Calculator
  • TOP Universities in India
  • TOP Engineering Colleges in India
  • TOP Pharmacy Colleges in India
  • Coding for Kids
  • Math Riddles for Kids with Answers
  • General Knowledge for Kids
  • General Knowledge
  • Scholarships for Students
  • NSP - National Scholarip Portal
  • Class 12 Maths NCERT Solutions
  • Class 11 Maths NCERT Solutions
  • NCERT Solutions for Class 10 Maths
  • NCERT Solutions for Class 9 Maths
  • NCERT Solutions for Class 8 Maths
  • NCERT Solutions for Class 7 Maths
  • NCERT Solutions for Class 6 Maths
  • NCERT Solutions for Class 6 Science
  • NCERT Solutions for Class 7 Science
  • NCERT Solutions for Class 8 Science
  • NCERT Solutions for Class 9 Science
  • NCERT Solutions for Class 10 Science
  • NCERT Solutions for Class 11 Physics
  • NCERT Solutions for Class 11 Chemistry
  • NCERT Solutions for Class 12 Physics
  • NCERT Solutions for Class 12 Chemistry
  • NCERT Solutions for Class 10 Science Chapter 1
  • NCERT Solutions for Class 10 Science Chapter 2
  • Metals and Nonmetals Class 10
  • carbon and its compounds class 10
  • Periodic Classification of Elements Class 10
  • Life Process Class 10
  • NCERT Solutions for Class 10 Science Chapter 7
  • NCERT Solutions for Class 10 Science Chapter 8
  • NCERT Solutions for Class 10 Science Chapter 9
  • NCERT Solutions for Class 10 Science Chapter 10
  • NCERT Solutions for Class 10 Science Chapter 11
  • NCERT Solutions for Class 10 Science Chapter 12
  • NCERT Solutions for Class 10 Science Chapter 13
  • NCERT Solutions for Class 10 Science Chapter 14
  • NCERT Solutions for Class 10 Science Chapter 15
  • NCERT Solutions for Class 10 Science Chapter 16

Free Resources

RD Sharma Class 12 Solutions RD Sharma Class 11
RD Sharma Class 10 RD Sharma Class 9
RD Sharma Class 8 RD Sharma Class 7
CBSE Previous Year Question Papers Class 12 CBSE Previous Year Question Papers Class 10
NCERT Books Maths Formulas
CBSE Sample Papers Vedic Maths
NCERT Library

NCERT Solutions

NCERT Solutions for Class 10
NCERT Solutions for Class 9
NCERT Solutions for Class 8
NCERT Solutions for Class 7
NCERT Solutions for Class 6
NCERT Solutions for Class 5
NCERT Solutions for Class 4
NCERT Solutions for Class 3
NCERT Solutions for Class 2
NCERT Solutions for Class 1

Quick Resources

English Grammar Hindi Grammar
Textbook Solutions Maths NCERT Solutions
Science NCERT Solutions Social Science NCERT Solutions
English Solutions Hindi NCERT Solutions
NCERT Exemplar Problems Engineering Entrance Exams
Like us on Facebook Follow us on Twitter
Watch Youtube Videos NCERT Solutions App