What is Entrepreneurship Development program-EDP?

The EDP is intended to:

Develop entrepreneur and entrepreneurship.

Gives scope of entrepreneurship and small business development in the country.

Objectives of EDP's

Develop and strengthen entrepreneurship quality. Analyse environmental setup relating to small industry and small business Select the product Understand the process and procedure in setting up a new small enterprise Acquire necessary managerial skills to run a small enterprise Knows the pros and cons in becoming a new entrepreneur Appreciate the entrepreneurial discipline

Curriculum of EDP

General introduction to entrepreneurship Motivational training study. Management skills Support system and procedure. Fundamentals of feasibility. Plant visits.

COURSE CONTENT
An Overview of Business Entrepreneur versus Manager Attributes of a Successful Entrepreneur Motivation Development Opportunity Analysis Creating and Analyzing Business Plans Maintaining Books of Accounts Creating Financial Statements Working Capital Management Costing Concepts Sources and Costs of Finance Dealing with Banks and other Financial institutions Demand Forecasting The Managerial Job The Economic and Legal Framework Quality Control Managing People Labor Laws & Labour Management Communication Skills

Phases Of EDP's

Pretraining phase. Training phase. Post training phase.

Six Qualities Taught by EDP'S

Willingness to self connect Willingness to share credit Willingness to break free of established structures

Willingness to cross disciplinary boundaries

Willingness to work quietly Strong ethical impetus

Parametre wise Outcomes of a Good EDP

Rise in activity level of respondent. New entreprise established. Total investment made. Investments in fixed assets made. Number of people employed. Number of jobs created. Increase in profit. Increase in sales. Quality of product and service improved. Quicker repayment of loans.

Format For EDP Classroom sessions for covering the theory and the concepts related to entrepreneurship. Expert talks and round-tables with leading specialists and practitioners from the industry. Exercises in team-work, negotiation and management. Projects for participants decided participants themselves. Preparation or modification of an individual or joint business plan for an existing or new business idea. Networking opportunities between people from diverse backgrounds and interests.

Problems Faced by EDP's

Trainer motivations are not found up to mark in motivating the trianees to start their own entreprise.

ED organisations lack in commitment and sincerity in conducting the EDP's

Non conductive environment and constraints make the

trainer-the motivators role ineffective.

Selection of wrong trainees also leds to low success rate of EDP's.

Obstacles to entrepreneurship

Source: World Development Report, 2005 (World Bank)