MADANAPALLE INSTITUTE OF TECHNOLOGY & SCIENCE

(UGC - AUTONOMOUS)
MADANAPALLE-517325

ASSIGNMENT – 2
Name of the Student : P.MUBARAK ALI KHAN
Reg. No. : 18691E00M0
Department : Department of Management Studies
Course Title & Code : Entrepreneurship Development & Project
management (18MBAP513)

Academic Year : 2019-20

Name of the Faculty : Syed Shahrukh Saleem

Max. Marks Marks Allotted Signature of the Faculty

Mubarak
 AIR CONDITIONERS

 Business plan:-
A business plan is a written document that describes in detail how a business
—usually a new one is going to achieve its goals. A business plan lays out a written plan
from a marketing, financial and operational viewpoint. Business plans are important to
allow a company to lay out its goals and attract investment. They are also a way for
companies to keep themselves on track going forward.

 Business process :-
Business process is like a blue print of the business plan. It act’s as the guide
for the entrepreneur what to do,when to do, and how to do and also he will identify that
which work is done by whom ,which work is sutitbale for which departmental
employees ,workers, to achieve his goals of the business.
And there is a business process which are fallowed officially by all the entrepreneur.
 Idea generation:-
Idea generation is first and for most step in business to come up with the new
idea and generate innovative in the existing business. And this idea may come up by
different ways like customer’s problems, market needs, and personal experience.
For our business the idea is generated by our personal experience, one day our
vehicle is got repaired we suffered a lot at a movement, there was not even one
service centre was there, then we decided to start a business of Air Conditioner.

 Environmental scanning:-
This is next step after idea generation in the business plan. And it is nothing but
scanning or analyse in our environment surrounding that there are any centres or any
competitors are there , if yes need to know what is new we are doing when compare to
them.
We did analysis our surrounded areas nearly 110 kms there is no CAR A/C
centres are there.

 Feasibility analysis:-
Feasible analysis like testing our ideas and checking the feasibility, and reliability
in that. That how much possibilities are there to success in our business.
And we did analysis of feasibility and reliability, for the start-up of our business
the needed budget is nearly 15 lakhs.
 60 % of the budget is own ( 9 lakhs)
 40 % is from lending’s ( 6 lakhs)
  Land for lease ( 5 years )
 Man power (me and my brothers )

 Project report preparation:-

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We prepared the brief report of our business how to proceed and in how much
period of time we will get our budget and when to add values to the business again

 Evaluation control and review:-

This is the final step in the business process, that is who is going to manage the
company and its financial operations, and who is going to manage operational
department.