Electronic Entrepreneurship Development Programmes on How To Start Your Own Business & Raise Finance  (eEDPs)

Electronic Entrepreneurship Development Programmes are being organized regularly to nurture the talent of youth by enlightening them on various aspects of industrial activity required for setting up MSMEs. These IEDPs are generally conducted in unemployed candidates and skill development (Example- UPSDM, BSDM & PMKVY etc.) ITIs, Polytechnics and other technical institutions, where skill is available to motivate them towards self-employment.

The course contents of such Electronic Entrepreneurship Development Programmes are designed to provide useful information on product/process design, manufacturing practices involved, testing and quality control, selection and usage of appropriate machinery and equipment, project profile preparation, marketing avenues/techniques, product/service pricing, export opportunities, infrastructure facilities available, financial and financial institutions, cash flow, etc.

 

ABOUT PROGRAMME:

An Electronic Entrepreneurship Development Programme (eEDP) aims at training the S&T graduates and the diploma holders in the essentials of conceiving, planning, initiating and launching an economic activity or an enterprise successfully.

SUGGESTED SCHEDULE FOR Electronic ENTREPRENEURSHIP DEVELOPMENT PROGRAMMES (IEDP)

MODULE – 1: ENTREPRENEURSHIP & SCHEMES OF ASSISTANCE

Day

Session – 1

Session - 2

Session - 3

Session – 4

1st

 

Inauguration

Programme Objectives:

Expectations from trainees, Final Goal, Program me’s Strategy

Who is an Entrepreneur & Charms of Being an Entrepreneur:

2nd

SchemesofAssistanceforMSMEs:

Financial Agencies /Institutions

Schemes of Assistance for MSMEs: NSIC,

SIDBI, DIC and Other Support Agencies

 

 

 

 

 

 

 

 

 

 

 

 

 

MODULE –2: PROJECT SELECTION & IT’S PRE-FEASIBILITY

3rd

How to Identify Business Opportunities

Opportunities identification:

Criteria of selection & Sources of Information

Business Opportunity Guidance Interactions with Rep. From SFC, KVIC, Consultant etc.

4th

Business Opportunity Guidance

Interactions with DIC, SISI, Bank, KVIC etc.

How to conduct Market Survey: Tools, Techniques and

Guidelines

5th

How to find out pre-feasibility of

a Project

Preparing Pre-feasibility Report: Preliminary Project Report (PPR)

6th

Brief on Factory Visit

Factory Visit and Experience Sharing with Entrepreneurs

 

MODULE - 3: CONSOLIDATION OF BUSINESS IDEA

Day

Session – 1

Session - 2

Session - 3

Session – 4

7th

Soft Skill Development:

Communication

Soft Skill Development:

Information Seeking

Briefing and Planning for the Market Survey:

Questionnaire Preparation

8th

 

Field Work: Conducting Market Survey and Data Collection for the identified business opportunities

9th

10th

 

 

Day

Session – 1

Session – 2

Session – 3

Session – 4

11th

 

Feedback and Discussion on Market Survey

Evaluating the PPRs prepared by the Trainees

12th

Linking Business Opportunities with trainees

Interactions with Technical Experts for finalising projects

13th

14th

15th

 

Developing Entrepreneurial Competencies (Achievement Motivation Training)

 

MODULE – 4: PROJECT REPORT PREPARATION

 

16th

How to Prepared Detail Project

Report

Production Planning in MSME

Purchase Technique

17th

How to assess Working Capital Requirement for SSI

Working Capital Management

18th

Product Costing and Cost Consciousness

Break Even Point

19th

Cash flow

Profitability & Balance Sheet

Product Planning & Product

Mixing Strategy

20th

Preparation of Detail Project Report

         

MODULE – 5: MANAGEMENT INPUTS

Day

Session – 1

Session - 2

Session - 3

Session – 4

21st

Marketing Management: Product Promotion, Sales and

Advertisement

Financial Management

22nd

Personal Management: IPR and It’s Management

Pattern, Copy Rights, Trade Mark and Industrial Management

Legal Formalities in an Enterprise: (Factory Act, PF, Labour Laws etc.)

23rd

Negotiation and Networking

Delegation of Authority and Work

Effort

Leadership Modes

Efficiency Orientation and

Systematic Planning

24th

Legal formalities for Loan Disbursement

Taxation: Various Taxes Applicable to MSME

25th

Interfacing with Leading Institutions for Business Plan Appraisal

Feedback from Participants

Valedictory

 

 

 

Rojgar Bharat- Aantmanirbhar Bharat,

 
   


ESSC- Entrepreneurship Sector Skill Council

This Programme is aimed at training Unemployed Candidates in the age group of 18 to 55 years for establishing their own enterprises.

 

Qualification Title

ElectronicEntrepreneurship Development Programme (eEDP) for Micro Entrepreneurs

Qualification code

NARQ40001

 

Pre-requisites to training

 

Inclination for taking up self employment activities in the interested areas of agriculture / service / manufacture or trade business. Candidate should be able to read and write local language. Minimum 8th passed is preferred.

Training outcomes

At the end of the training, the candidates will be able to

 

1.       Appreciate the importance of embarking on self-employment and has developed the confidence and personal skills for thesame.

2.       Indentify business opportunities in chosen sector / sub-sector and plan and market and sell products /services

3.       Start a small business enterprise by liaising with different stakeholders

4.       Effectively manage small businessenterprise

 

Sl.

No.

Course Component

Key Learning Outcomes

Estimated size (Learning

hours)

NSQF

Level

1

Professional Knowledge-

 

1.  Introduction to Entrepreneurship

2.  Knowledge ofAchievement Motivation and Positive Psychology

3.  Understanding of the basic aspects of Business Management

§  Concepts related to planning andefficiency

§  Concepts related toRisk Assessment

§  Various aspects offinancial

1.     Trainee is clearly able todifferentiate between wage employment, self- employment andentrepreneurship

2.     Understand, appreciate and develop positive thinking and self-confidence for embarking on self-employment / entrepreneurship.

3.     Candidate is able to appreciate the importance of systematic planningin setting up and managing a business enterprise.

4.     Candidate is able to understand the concept of efficiency and its key rolein success of anenterprise

5.     Candidate is able to understandthe

 

 

36 Hours (Theory)

 

 

Level 4

 

 

management

·      Book Keeping and Accountancy

·      Banking and Sources of Finance

·      Working Capital Management

·      Costing andPricing

·      Insurance

·      Business lawsand Taxation

§  MarketingManagement

·      Overview of IndianRural Market

·      MarketSegmentation

·      4 Ps ofMarketing

·      Concept ofUSP

·      MarketingMix

·      MarketSurvey

4.  Legal aspects,regulatory aspects of SMEs and LaunchingFormalities

5.  Business Strategy and Growth

concept of Risk and Risk Assessment and Risk Taking Ability

6.     Candidate knows various aspects of financial management and its keyrole in the success of small business enterprise.

7.     Candidate has understood the concepts relating to Insurance and taxation and its role in ensuring proper functioning of anenterprise.

8.     Knows the legal aspectsgoverning MSMEs

9.     Understands the concept of Government regulation with examples of varioussectors.

10.  Understands the procedure involvedin launching an enterprise and issues involved in thesame.

11.  Knows the concept of ‘business strategy’ and importance ofgrowth oriented thinking andplanning.

 

 

2

ProfessionalSkills

 

6.  Ability to develop understanding of self and do SWOTAnalysis

7.  Abilities relating to self-motivation anddeveloping positivePsychology

8.  Entrepreneurial Competencies (RUDSETI Model  of 15Competencies)

9.  Business Management Skills in the followingareas:

·   FinancialManagement

·   OperationsManagement

·   Materials and Inventory Management

At the end of the training the trainee is able to:

 

12.  Engage in process of self-understanding (to limited extent) through reflection and peerfeedback

13.  Is able to do one’s own SWOTanalysis

14.  Has developed the ability to engagein positivethinking

15.  Knows how to motivate one-self and others

16.  Is able to know and practice the 15 entrepreneurial competences suchas:

·   Initiative

·   Identifying and acting on opportunities

·   Persistence

·   Informationmanagement

·   Qualityorientation

 

36 Hours (Practical)

 

Level 4

 

 

·   MarketingManagement

10.  Business Opportunities IdentificationTechniques

11.  Conducting MarketSurvey

12.  Preparation of BusinessPlan

·   HonoringCommitments

·   SystematicPlanning

·   EfficiencyOrientation

·   Problem solvingabilities

·   Developingself-confidence

·   Assertiveness

·   Persuasion

·   Ability to influenceothers

·   Ability to monitor self andothers

·   Concern and respect for others especiallyemployees

 

 

17.  Ability to maintain simple booksof accounts and prepare financial statement for smallbusiness

18.  Ability to estimate cash flow and manage thesame

19.  Skills in goods andinventory management

20.  Ability to engage in the exercise of indentifying business opportunities in chosen sector / sub-sector /area of work by gathering and analyzing information from multiplesources

21.  Skills and ability to conduct market survey in local area on a limitedscale

22.  Ability to prepare simple business plan as per given instructions / protocol provided. Trainee is able to analyze major trends in a given economicsector

/ sub-sector and identify Business Opportunities

23.  Trainees able to devise a simple marketing and sales strategies andplan for a smallbusiness

 

 

 

3

Core Skills

13.  CommunicationSkills

14.  Time ManagementSkills

15.  ProblemSolving

16.  CreativeThinking

17.  Developing healthy Inter- personalrelationship

18.  Team WorkAbilities

19.  LeadershipAbilities

24.  Ability to communicate effectively – both oral andwritten

25.  Effectively use various forms ofmedia for businesscommunication

26.  Ability to plan and manage timeand take decisions to ensure good time management

27.  Skills of problem solving andlateral thinking

28.  Think creatively and out of thebox

29.  Manage inter-personal relationshipat work place and resolveconflict

30.  Able to manage small team ofworkers

31.  Demonstrate leadership abilitiesin difficultsituations

 

36 Hours (Practical)

 

Level 4

Inauguration, Valedictory and Assessment

6 Hours

 

Total

104 Hours

 

 

 

 

 

SL

No

Subject

Mode of delivery

Hrs

MODULEI     -    Introduction toEntrepreneurship

 

 

1

Registration & Inauguration.

·         A formalgathering

·         Introduction oftrainers

·         Objectives of theprogramme

·         Rules & Regulations of theInstitute

 

Lecture, Video

 

 

2 hrs

 

 

2

Rapport building & unfreezing – Ice breaking exercise

·         Climate Setting & confidence building by Ice Breakingexercises

·         Familiarizing themselves with eachother

·         Importance of interaction in the learningprocess

·         Psychological approach – Rising participants’consciousness

·         Shedding shyness, reservations, inferiority complexetc.

Games, Exercises, Group discussion, Skits etc

 

 

2 hrs

MODULEII -       Achievement Motivation and positivepsychology

 

 

 

3

Achievement Motivation - Confidence building

·         What is motive? Internal & ExternalMotivation

·         Motivational Factors leading tomotivation

·         Positivethinking

·         Shedding negativefeelings

·         Experience Sharing by successfulentrepreneurs

·         Motivational videoclips

·         Scope for Selfemployment

 

 

Lecture PPT

Video

 

 

 

2 hrs

 

 

 

 

4

Why self employment - Advantages over wage employment, Entrepreneurship Development

·         Need and importance of embarking on selfemployment

·         Advantages of self employment vis-à-vis wageemployment

·         Assessing self to know entrepreneurialtendencies

·         Process of EntrepreneurshipDevelopment

·         Importance of behavioral changes forentrepreneurship

·         Difference between Income Generating Activity, SelfEmployment andEntrepreneurship

·         Characteristics of an entrepreneur – Dynamics ofEntrepreneurship

·         Attitude and its impact onEntrepreneurship

 

 

 

Group Discussion, PPT

 

 

 

 

2 hrs

 

5

Self RatingQuestionnaire(SRQ) on Competencies –

Administering self rating questionnaire from Achievement Motivation Training Workbook

 

Exercise

 

MODULEIII    - Entrepreneurial Competencies

 

6

Entrepreneurial competencies – importance, explanation with examples, case study for identification of different competencies

·         Defining Competencies – Combination of knowledge, skill,motive andtrait

Lecture, PPT, Group Discussion

, Video Clips &

 

8 hrs

 

 

·         Understanding all the 15Competencies

·         Relevance of entrepreneurial Competencies at different stagesof enterprise launching andmanagement

·         Facilitatinginternalizingtheentrepreneurialcompetenciesbywayof stories, viewing videosetc.

·        Identifying entrepreneurial competencies through a casestudy How success is related to EntrepreneurialCompetencies

Case Study

 

 

Self-RatingQuestionnaire (SRQ) on Competencies - evaluation

Exercise

 

 

 

7

Ring Toss Exercise

·         Importance of Risk Taking & Goal setting for becomingan entrepreneur

·         Examine one’s own risk taking behavior i.e a high risk taker, moderate or low risk taker by administering Ring Tossexercise

·         Need to take Moderate and calculatedrisk

 

Game, Discussion, Lecture, PPT

 

 

4 hrs

 

 

8

Systematic Planning & Efficiency Orientation – Boat building exercise

·         What is quality, attributes ofquality

·         Factors affectingquality

·         QualityManagement

·         Systematicplanning

 

Game, Discussion, PPT,

Lecture

 

 

4 hrs

 

 

9

Tower Building Exercise – Eradication of Dependency Syndrome

·         Role of Self confidence in performing anyactivity

·         Importance of planning & scanning theenvironment

·         Developing belief in own ability to complete a given task/facea challenge without depending upon externalassistance

 

Game, Discussion, Lecture

 

 

4hrs

MODULE IV   -   Personal Skills

 

 

10

Problem Solving & Creativity

·         Need for developing problem solvingskills

·         Process involved in problemsolving

·         Importance of Creativity inEntrepreneurship

 

Lecture, PPT,

Video, Games

 

 

2hrs

 

11

Effective Communication

·         Importance of communication skills in running anenterprise

·         Elements of effectivecommunication

·         Barriers of effective communication & the ways to overcomeit

Lecture, PPT,

Exercise

 

2 hrs

 

12

Time Management

·         Time Management – time as aresource

·         Key factors of managing the timeeffectively

·         Prioritizing thework

Lecture, PPT,

Discussion

 

2 hrs

MODULEV  -    BusinessManagement

 

 

 

 

13

Banking - Deposits & Advances, Lending Schemes / Government Sponsored Schemes

·         Various Deposit Schemes and other services ofbanks

·         General Advances -Security Norms & marginrequirement

·         Term Loan & Working Capitalfinance

·         MSMECredit

·         MudraLoan

·         PMEGP Scheme

·         CGTMSE Scheme

 

 

Lecture, PPT,

Discussion

 

 

 

4 hrs

 

 

 

 

 

14

Marketing Management/Packaging/branding

·         Indian rural market anoverview

·         Elements of successfulmarketing

·         Marketsegmentation

·         4 Ps ofmarketing

·         Marketingmix

·         Productmix

·         Unique SellingProposition

·         Need for understanding consumer behavior andpreferences

·         Importance of customerservice

·         Marketing strategies for exploring opportunities in ruralmarket

·         Onlinemarketing

 

 

 

 

Lecture, PPT,

Discussion

 

 

 

 

 

4 hrs

 

 

 

 

 

15

Costing & Pricing, Fixed cost & Variable Cost, Breakeven point etc.

·         Components of direct and indirect, fixed and variablecost

·         Importance of Costing inprofitability

·         Concepts of pricing and factors affecting pricingdecisions

·         Commercial feasibility of anenterprise

·         Break Evenanalysis

 

Lecture, Discussion, PPT and Exercise

 

 

 

2 hrs

 

 

16

Inventory Management

·        StockingPattern

·        DemandForecasting,

·        WarehouseFlow,

·        Inventory Turns/StockRotation,

·        Cycle CountingAnd

·        ProcessAuditing.

 

Lecture, Discussion, PPT and Exercise

 

 

2 hrs

 

 

17

Working Capital and its Management

·         What is WorkingCapital

·         Effect of Credit policies on workingcapital

·         Key points to note while managing workingcapital

·         Cycles of WorkingCapital

Discussion, Lecture, PPT,

Exercise

 

 

2 hrs

 

18

Book Keeping & accountancy – cash book, sales & purchases, book keeping methodology

·         Various types of records to be maintained in small enterprises - Cash Book, General Ledgeretc.

Lecture, PPT,

Discussion, Exercise &

 

4 hrs

 

 

·         Accountingmethodology

·         Various heads of accounts and how to appropriate expenditurethere in

·         FinancialStatements

Case Study

 

 

 

19

Insurance

·         Importance of securing assets throughinsurance

·         Types of insurance coveravailable

·         General Insurance (fire, theft, burglaryetc)

·         Insurance Schemes of theGovernment

·         How to claiminsurance

 

 

Lecture, PPT,

Discussion

 

 

2 hrs

 

 

 

20

Business Laws – Taxation & related laws:

·         Legal aspects of weights andmeasures

·         IT, VAT Sales Tax, state and central Govt. Rules and regulationsin business

·         Compliance for various statutory requirements VAT, CST, Income Taxetc.

·         Compliance for various statutory requirements (VAT, CST, Income Taxetc.)

 

 

Lecture, PPT,

Discussion, Exercise

 

 

 

2 hrs

 

 

21

Inter personal relationship, Labor Management

·         Importance of maintaining good inter personal relationshipwith related people inbusiness

·         Need for leadership in the enterprisedevelopment

·         Various styles of Leadership Characteristics of a goodleader

 

Lecture, PPT,

Discussion

 

 

2 hrs

 

22

IT Factor in managing an enterprise - impending need.

·         Importance of Computer literacy & basic knowledge ofcomputers

·         E filing of various taxreturns

·         Onlinemarketing

Lecture, PPT,

Exercise

 

4 hrs

MODULE VI - Business Opportunity Identification Guidance

 

 

 

23

Business Opportunity Guidance – Description of methodology, case study – group exercise, Selection of product / service

·         What is a business idea/

·         Tools for generating businessidea

·         Screening of business idea – Macro screening & Microscreening

·         Selection of businessidea

·         SWOTAnalysis

 

Group Discussion, Lecture, PPT

 

 

 

4 hrs

MODULE VII -   Market Survey

 

 

27

Market Survey – methodology, sources, nature of information to be collected

·         Need for marketsurvey

·         Methodology to collect and use the informationgenerated

·         How to develop an effective survey plan for the selectedactivity

·         Dos &donts for conducting marketsurvey

 

Lecture, Group Discussion, PPT

 

 

4 hrs

 

 

·         Questionnaire for marketsurvey

·         Market survey reportformat

 

 

 

28

Market survey – Collection of information, field work. Candidates will go to the market and collect information of identified/potential activity to assess the demand /supply position, market trends, marketing practices, competition, current state of

technology etc.

 

Practical work

 

8 hrs

 

 

29

Market Survey – Report Writing, Presentation of market survey report, discussion on presentation

Candidate will prepare Market survey report and present the report in the class followed by discussion to be moderated by the resource Person.

 

Group Discussion, Lecture, PPT

 

 

4 hrs

MODULE III - Business Plan Preparation

 

 

30

Business Plan Preparation?

·         Planformat

·         How to ascertain initial viability of a businessproposal

·         Enlistingtechnical,financial,marketingandcommercialaspectsof business

·         Profitability

 

Lecture, PPT,

Exercise, Discussion

 

 

4 hrs

MODULE–IX    Launching Formalities

 

 

 

 

 

 

27

Field Visit to units established & successfully run by first generation entrepreneurs

Candidates are taken for exposure visits to Enterprises established and successfully managed by RSETI trained Entrepreneurs where in they will be able to:

·      Know various steps involved in establishing a MicroEnterprise

·      Understand how a Micro Enterprise ismanaged

·      To identify the Entrepreneurial competencies &Entrepreneurial behavior

·      To analyze the external factors influencing the success orfailure of theenterprise.

·      Toanalyzetheinternalfactorsaffectingsuccessorfailureofthe enterprise/entrepreneur.

·      Toidentifytheareas/issueswhichcanbeaddressedbyRSETI,ina similar case, to facilitate success of theentrepreneur

 

 

 

 

 

Field Visit, Interaction

 

 

 

 

 

 

6 hrs

 

 

28

Interaction with successful entrepreneurs

·         Identify factors responsible for the development of theentrepreneur

·         Assess the Entrepreneurial Competencies of theEntrepreneur

·         Impact of EDP traininginputs

·         Understand how the entrepreneur reacts to a challengingsituation

 

Interaction followed by discussion

 

 

2 hrs

 

29

Resource mobilization, supporting organizations.

·         Support systems available at various District/State/nationallevel

·         State/Central Government Schemes for giving impetusfor entrepreneurshipdevelopment

Lecture, PPT,

Discussion

 

2 hrs

 

 

 

30

Launching formalities

·         Steps in launching of an enterprise, common crisis inbusiness

·         Pitfall and theircontrols

·         Licensing & Registration: Formalities for obtaining TradeLicense from Panchayath/Muncipalagencies

·         Formalities for obtaining PAN Card, TAN, Service Tax &VAT Registration.

 

 

Lecture, PPT and Discussion

 

 

2 hrs

MODULE X Business Strategy & Growth

 

 

31

Enterprise growth, expansion & diversification

·         Critical factors contributing to the sustenance of anenterprise

·         Need for growth in theenterprise

·         Various avenues for growth of anenterprise

·         Product addition, product deletion and productsubstitution

·         Forward & backwardlinkages

 

Lecture, PPT,

Exercise

 

 

2 hrs

33

Feedback & Valedictory

 

2 hrs

 

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