Feel free to add your thoughts, comments. Let's make it a play ground for thoughts. Let's provide a platform to cog (cognizant) :D
Note: Following is based on an e-mail forward doing rounds during 2009 General Elections in India. Not sure about the autheticity of the following.
The section 49-O reads:
“49-O. Elector deciding not to vote.-If an elector, after his electoral roll number has been duly entered in the register of voters in Form-17A and has put his signature or thumb impression thereon as required under sub-rule (1) of rule 49L, decided not to record his vote, a remark to this effect shall be made against the said entry in Form 17A by the presiding officer and the signature or thumb impression of the elector shall be obtained against such remark.”
Why: A business plan may have one of the three primary objectives
- To make money/ To be independent/ To work for oneself
- Two-fold: Social Entrepreneurship- To make money & to contribute to society; e.g. open a school, hospital, set-up a rural BPO etc.
- To contribute to society
What: Involves the following activities
- Get money from a lender
- Hire experts and get other assets in place to work for you
- Pay out salary/ wages and other expenses
- Sell the product/ service
- Pay back the lender
How: The detailed business plan specific to one's business - explaining how one would carry out each and every step of the business including but not limited to Operations, Sales, Admin, HR, Finance, IT etc. The business could be
- A pharmaceutical company (to make money)
- A private equity fund (to make money)
- A library (Social Entrepreneurship)
- A self sustainable business model with sole aim of contributing to the society; e.g. open a school in a child labour prevalent area, pay kids for coming to school which compensates for their income from child labour, give them a vocational training along with education, e.g. teach to make pottery, cane basket, handicraft etc. sell their products into the market which would provide cash in-flow for the expenses to run the school and pay-out to the kids; Obviously this process involves one to borrow money for the initial set-up, hire experts for teaching/ vocational training and incur expenses, sell the products and pay back the lender
