explain in detail the setup process of a small scale enterprise.
Answers
Answer:
Location: You need to choose a location to set up your small scale industry. While choosing the location such factors such as nearness to market, sources of material availability of raw materials, labor, transportation services, modern infrastructural facilities and other things are considered
Explanation:
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The setup process of a small scale enterprise
1. Decision making to prepare the description finalise the type and size of the business
2. Introspection of the business environment
3. Selection of the product after market research
4. Deciding the location considering factors like nearness to market, the availability of raw materials and labour, infrastructure, and transportation services.
5. Analyse technology available
6. Appraisal of the project with respect to the economic, technical, financial, social and other aspects
7. Arranging for finance
8. Provisional registration from the local DIC or Directorate of Industries
9. Production management, setting up water and power connections, machineries, manpower
10. Insurance for fixed assets and later current assets
11. Marketing and quality assurance
12. Permanent registration.