E - CELL

03/05/2016

yes!! The deadline has been extended . Now you can submit your designed logo for the E-CELL of UIT,BU.
Send in your entries to
[email protected]
and stand a chance to win cash prize and certificate of merit.
The new deadline for the submissions is 31st may 2016.
P.S- go through the notice earlier published on the page for further deatils)

14/03/2016

UITians!!!....boost up your creativity with entrepreneurship cell,UIT logo competition and make it a grand success.
All the information is given below....go through it.

04/10/2015

For a simple business plan example, imagine a woman making jewelry at home and selling it at a local flea market on the weekend. A business plan could give her a chance to step back from the normal flow and look at ways to develop and improve the business.

The planning process should help her understand her business. It should help her define what she wants from the business, understand what her customers want, and decide how to optimize her business on her own terms. She might benefit from developing a simple sales and expense forecast, maybe even a profit and loss, so she can plan how to use and develop her resources. She might not need to create detailed cash flow, balance sheet, and business ratios. A simple business plan may be just what she needs to get going.

See Also: Business Planning Guide
This first stage of a plan, that we call the concept kick start, focuses only on a few starter elements. The mission statement, keys to success, market analysis, and break-even analysis give you a critical head start toward understanding your business.

However, not all startups are that simple. Many of them need product development, packaging, retail fittings and signage, office equipment, websites, and sometimes months or even years of payroll before the sales start. Unless you’re wealthy enough to finance these expenditures on your own, then you’ll need to deal with bank loans or investors or both; and for that you’ll need a more extensive business plan. Startup company or not, the plan has to meet expectations.

24/08/2015

Step 1: Write a Business Plan
Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location
Get advice on how to select a customer-friendly location and comply with zoning laws.

Step 4: Finance Your Business
Find government backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.

Step 6: Register a Business Name ("Doing Business As")
Register your business name with your state government.

Step 7: Get a Tax Identification Number
Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.

Step 8: Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.

Step 9: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.

Step 10: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.

20/08/2015

guyzz just now an idea clicked to my mind ... how about starting a small scale setup ...of hand made items ???...more details to be discussed in next meeting .....

15/08/2015

HAPPY INDEPENDENCE DAY!!!!!


http://www.firstpost.com/business/data-business/from-1947-to-2014-how-the-indian-economy-has-changed-since-independence-1983853.html

Here is a look at the key macro indicators of the nation's economy from independence till now. - Firstpost

13/08/2015

Scope of Entrepreneurship development in India
Introduction
We are a very young nation – just over 55 years since independence – setting out on a path of sustained economic growth, for decades to come.
We already have over a billion fellow Indians. Within the next 20 years, we will have 400 million people below the age of 35 years – more than the entire population of the United States! Each person, in this bold new generation, will be in the prime of his or her life, striving for a better tomorrow – creating, in the process, new growth opportunities, for budding entrepreneurs!
Then, there is the entire global opportunity, across diverse sectors internationally, the "Made in India" tag is now an increasingly respected brand, valued for quality, reliability, and competitiveness.
Truly, with economic reforms in the country, and with the virtual removal of all trade barriers, the world is now our market – and our opportunity!
The pursuit of these opportunities requires an indomitable spirit of entrepreneurship!
Entrepreneurship
Entrepreneurship is ubiquitous and is reflected in all the major dimensions of civilization viz. social, political and economic. It involves creativity that is consistent with the healthy edge required to change the basis of competition.
Entrepreneurship involves a willingness to take responsibility and ability to put mind to a task and see it through from inception to completion. Another ingredient of entrepreneurship is sensing opportunities, while others see chaos, contradiction, and confusion. Essence of Entrepreneurship is going against time with maturity and serving as a change agent.

Current Perspective
In a country like India, social (value system) and cultural issues hold their importance besides issues related to infrastructure. Any innovation to succeed in our society needs to be accepted by our value systems and cultural issues. It will not be wrong to say that Dot.com (or any innovation) will not succeed until and unless a high level of awareness is achieved and the idea is taken to the common people. An acceptance by the mass in itself is a kind of social innovation. Further, in our country, where the population is more concerned about making both ends meet, entrepreneurial activity will achieve sustainability only when support is provided both at the societal and governmental levels.

Scope of entrepreneurship development in India
The scope of entrepreneurship development in country like India is tremendous. Especially since there is widespread concern that the acceleration in GDP growth in the post reforms period has not been accompanied by a commensurate expansion in employment. Results of the 57th round of the National Sample Survey Organization (NSSO) show that unemployment figures in 2001-02 were as high as 8.9 million.
We have all the requisite technical and knowledge base to take up the entrepreneurial challenge. The success of Indian entrepreneurs in Silicon Valley is evident as proof. The only thing that is lacking is confidence and mental preparation. We are more of a reactive kind of a people. We need to get out of this and become more proactive. What is more important than the skill and knowledge base is the courage to take the plunge.
At present, there are various organizations at the country level & state level offering support to entrepreneurs in various ways. The Govt. of India & various State Govts. have been implementing various schemes & programmes aimed at nurturing entrepreneurship over last four decades. For example, MCED in Maharashtra provides systematic training, dissemination of the information & data regarding all aspects of entrepreneurship & conducting research in entrepreneurship. Then there are various Govt. sponsored scheme for the budding entrepreneurs.
What will be the qualities needed to succeed in this new world?
First and foremost, we need the entrepreneurial spirit. Outside India, this spirit has been very evident in the IT industry. 35% of the start-ups in Silicon Valley are by Indians. We need to have similar risk-taking ability within the country as well. Entrepreneurs need more than technical talent, more than business savvy. What they need is the indefatigable energy and incurable optimism that enables them to take the road less traveled and convert their dreams into reality. It is a force that beckons an individual to pursue countless opportunities. Entrepreneurs must learn how to overcome the risk of failure, or of vulnerability. The institutions can give them valuable insights and also support them in this

25/06/2015

How to Come Up With an Idea for a Business
If you know you want to be your own boss but you aren't sure what type of business you want to start, these tips can help you figure that out.

Starting a Business......

Do You Have What It Takes to Be an Entrepreneur?
Before you go into business for yourself, take a personal assessment to see if owning your own business is the best fit for you.

Sharing Economy

How to Launch a Business in the Sharing Economy?
Here are five factors to consider when starting a Airbnb-type platform.
PAULA ANDRUSS DECEMBER 24, 2014
Business Plans
Risky Business: 6 Potential Pitfalls of Writing a Business Plan
There is a downside to putting your business plan on paper. Learn the risks and learn how to protect your interests.

Business Plans

How to Determine the Goals and Objectives of Your Business Plan?
A business plan is only as good as the goals and objectives it outlines.

Business Plans

What to Include in Your Business Plan
Here's what your business plan should contain, how long it should be and what it should look like....

Choose the Right Incubator for Your Startup
Our expert explains what factors should go into your decision...

Business Travel

How to Start an International Travel Tour Business?
Reaching out to trade and government agencies are important first steps in starting a tour business.

How to Create a Fair and Equitable Partnership From Day One?
Our expert lays out how to register your business venture when one partner is providing the majority of the start-up capital

4 Best Practices for Making a Business Offer
Our expert says when making an offer to buy a business, it's essential to understand the seller and the business.

Want to Start an Investment Company? Go it Alone First.
Our expert explains that experience is paramount to building a solid investing track record

Starting a Business

Starting Up? 4 Ways to Turn Your Former Employer Into an Ally.
Quitting your job to launch your own business can be a hard pill for your company to swallow, particularly if your company is in the same industry

15/05/2015

As an entrepreneur, you first go through the idea validation process.
Ideas are the basis of potential business opportunities. Good ideas do not necessarily represent good opportunities (that is, actual business opportunities). A business idea is not necessarily a real opportunity. You need to filter those business ideas, sifting through them, looking for the opportunities........

AMAN ..ecell -s.m

14/05/2015

Entrepreneurship is the process of starting a business or other organization. The entrepreneur develops a business plan, acquires the human and other required resources, and is fully responsible for its success or failure.......