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Tuesday, March 19, 2013

A Handbook for New entrepreneurs

There is a useful information published in the MSME Chennai pages ..about what project to select..!
PRODUCT SELECTION
  • Look up for all possible trade publications and secondary data.
  • Consult with specialists/ resource persons from MSME-DIs, SSIDC, CSIR, NRDC, DoIs, APCTT etc. Extensive use of Internet is also suggested.
  • Undertake a market survey for the proposed product/services proposed to be manufactured/ service rendered.
  • Assess technology sources, raw materials availability, suppliers of required machinery & equipments. Total investment required for the project, promoter's contribution need to be estimated. Analyse your personal strengths and weaknesses are other considerations.
  • Assess your capacity to invest from own sources and resourcefulness to offer collateral security.
read more on tips to Entrepreneurs here

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