Explain various steps in setting up of an Enterprise. class 12th
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. Steps in Setting up of a business unit:
Discovery of an idea.
Determining the objectives.
Identifying opportunities.
Detailed investigation of an idea.
Undertaking various research.
Designing a business plan.
Resource rising.
Setting up the enterprise.
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Setting up of a Small Business Enterprise (Six Steps)
(i) Information Collection
(ii) Information Organization
(iii) Acquiring Required/Vocational Skills
(iv) Financial Requirements
(v) Market Assessment
(vi) Provision for Crisis
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