INTERNATIONAL INSTITUTE

OF PROFESSIONAL STUDIES

SUBMITTED TO: SUBMITTED BY:

HIMANSHU MEHTA
MALVIYA SIR
B.COM HONS 4TH
SEM
IB-2K10-20
NEW VENTURE

AND ITS ASPECTS

 Introduction

When starting or running our own

business, one face these entrepreneur
challenges.

Entrepreneurs face challenges from

many sources... External threats may
come from competitors, from the bank
that turns you down for financing or the
government agency that refuses your
license application. Internal challenges
are far more deadly to your success.
Problems Faced By The
Venture
 Selecting the form of organization.
 Choosing the name.
 Selecting the location.
 Initial capital structure.
 Starting the operations.
 INTERNAL PROBLEMS
 Paperwork: You hate doing and
organizing the paperwork. You'd love
to throw it out, but you can't decide
what you can get rid of and what to
keep.
 Delegation: You can't trust anyone to
do it as well as you. You haven't
practiced your delegation skills, it's no
surprise when it doesn't go well,
justifying your reluctance.
 Forgetfulness: Poor working memory
makes you forget what you're
supposed to do. You can remember
facts, but appointments,
Commitments.. Forget it.
 Impulsive Behaviour: A person of
action, you'd rather move than take
time to think. But shooting first and
asking questions later just leaves a lot
of hole you have to fix.
 Procrastination: With so many
exciting things to do, boring but
necessary tasks are the bane of every
entrepreneur.
Why do today what you can put off
until tomorrow?
 Getting Organized: You're often
inconsistent. Organized in some areas
and disorganized in others, you can't
seem to transfer the same skills from
one area to another.
 Lack of Focus: You have so many
brilliant ideas, each one "shinier" than
the next, that your biggest challenge it to
pick one and see it through from
brainstorm to business.
 Time Management: You are chronically
late, overcommitted and still
overpromising. You underestimate how
long things will take and often scramble
to catch up late into the night.
 Perfectionism: Your standards are
so high no one can live up to them.
Not even you. But perfectionism is
motivated by fear. You can't be
judged if you never finish.
 Projects: The trouble with projects,
planning them, managing them and
finishing them starts early. The
business plan stops many would-be
entrepreneurs before they start.
 PATENT

A patent is a form of intellectual

property. It consists of a set
of exclusive rights granted to an
inventor or their assignee for a limited
period of time in exchange for the
public disclosure of an invention.
Under the World Trade Organization's
(WTO) Agreement on Trade-Related
Aspects of Intellectual Property
Rights, patents should be available in
WTO member states for any
inventions, in all fields of technology
and the term of protection available
should be a minimum of twenty years.
A patent is not a right to practice or use
the invention. Rather, a patent
provides the right to exclude
others from making, using, selling,
offering for sale, or importing the
patented invention for the term of the
patent, which is usually 20 years from
the filing date subject to the payment
of maintenance fees.
OWNERSHIP
The inventors, their successors or their
assignees become the proprietors of
the patent when and if it is granted. If
a patent is granted to more than one
proprietor, the laws of the country in
question and any agreement between
the proprietors may affect the extent to
which each proprietor can exploit the
patent.
APPLICATION AND
PROSECUTION
 A patent is requested by filing a
written application at the relevant patent
office. The person or company filing the
application is referred to as "the applicant".
The applicant may be the inventor or its
assignee. The application contains a
description of how to make and use the
invention that must provide sufficient detail for
a person skilled in the art (i.e., the relevant
area of technology) to make and use the
invention. Once granted the patent is subject
in most countries to renewal fees to keep the
patent in force. These fees are generally
payable on a yearly basis
 TRADEMARK
Is a distinctive sign or indicator, used by
an individual, business organization,
or other legal entity, to identify that
the products or services with which
the trademark appears originate from
a unique source, and to distinguish its
products or services from those of
other entities.
A trademark may be designated by the
following symbols:
 ™ (for an unregistered trade mark,
that is, a mark used to promote or
brand goods)
 ℠ (for an unregistered service mark,
that is, a mark used to promote or
brand services)
 ® (for a registered trademark or
service mark)
A trademark is typically a name, word,
phrase, logo, symbol, design, image,
or a combination of these elements.
 The trademark symbol, designated
by ™ (the letters TM written
in superscript style), is a symbol used
to provide notice that the preceding
mark is a trademark. Use of this
symbol does not mean that the
trademark has been registered.
Registered trademarks are indicated
using the registered trademark
symbol (®). Anyone can use the ™
symbol.
REGISTRATION

The law considers a trademark to be a

form of property. Proprietary rights in
relation to a trademark may be
established through actual use in
the marketplace, or
through registration of the mark with
the trademarks office (or
"trademarks registry") of a
particular jurisdiction
ABILITY TO REGISTER

A trademark can be registered if it is

able to distinguish the goods or
services of a party, will not confuse
consumers about the relationship
between one party and another, and
will not otherwise deceive consumers
with respect to the qualities of the
product.
 COPYRIGHT
Copyright is a legal concept, enacted by most
governments, giving the creator of an
original work exclusive rights to it, usually for
a limited time. Generally, it is "the right to
copy", but also gives the copyright holder the
right to be credited for the work, to determine
who may adapt the work to other forms, who
may perform the work, who may financially
benefit from it, and other related rights. It is
an intellectual propertyform (like the patent,
the trademark, and the trade secret)
applicable to any expressible form of an idea
or information that is substantive and
discrete.
Thank you