Profitable Small Scale Industries

Book excerpt: The small scale sector is assuming greater importance every day. Starting a small scale venture is a reality that has created wide open opportunity and success for those who decided to take the plunge just as it can for you. Setting up a small scale industry is also the easiest and least expensive way to become an entrepreneur. Hundreds of thousands of people start their own businesses every year, and untold more dream about the possibility of becoming their own bosses. While entrepreneurship has its many potential rewards, it also carries unique challenges. To start a business of your own you need to understand the environment to set up an enterprise of you own. To run a successful business, you need to learn all about your existing and potential customers, your competitors and the economic conditions of your market place. An entrepreneur requires a continuous flow of funds not only for setting up of his/ her business, but also for successful operation as well as regular up gradation/ modernization of the industrial unit. To meet this requirement, the Government (both at the Central and State level) has been undertaking several steps like setting up of banks and financial institutions; formulating various policies and schemes, etc. The Government has announced series of steps to promote industrial development by way of rationalization of the policies to encourage the new entrepreneurs as well as existing units. Any unit or new entrepreneur, establishing or implementing the project needs a complete set of plan and finance for making it successful. You do not need to be a genius to run a successful business, but you do need some help. And that is exactly what this book is, a guide into the stimulating world of business ownership and management. The major contents of the book are measuring tapes (steel), carbon potentiometers, auto pistons, wafer biscuits (new), automatic curtain opener, tumbler locks, cement concrete tiles and paving blocks, woven labels, electro cardiogram paper (E.C.G. paper), tomato products, leather chappals, distribution board, v. belts and fan belts, baby bloomer suits, electronic quartz analog clocks, power pack/battery eliminators, table fan, potato/banana wafers, laminated safety glass, HRC fuse links, 1000 VAC, directory section etc. The present book is a chain of guidelines, which will help you in selection of an appropriate industry in low investment. The project covered in this book can be started with in twenty lakhs, without having much technical knowledge. This will be very helpful to those who want to become an entrepreneur.