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Are you thinking of starting a business?.
Are you planning to expand your business into a medium or large scale?
Are you ready for a Joint Venture in India or abroad?
Are you planning to tap export market?
Congrats!.You are on the Right track
All you have to do is just take the first step.
Try and prepare the single most important document called Project report.
Get your Project Report ready.
Useful information about Project Report is provided in the following FAQ.
Frequently Asked Questions
What is a Project Report?
A project Report is the most important document in the life of a company.It contains all the essential information about the Business right from the legal status to Exit procedure.
For whom is it intended?
Project Reports are meant to be submitted to Banks/Institutions,JV partners,Investors.
Who Prepares it?
Generally the Entrepreneur.In some cases, owners may be technologists having no financial background.
In such cases an outside agency.It all depends
on the size,time available with the enterepreneur,etc.,
What is the size?
Size of a Project Report varies according to the industry and scale of business and also on the reader.
For example for an infrastructure projact it would
be bulky whereas for a Bakery it would be thin.
Language:
Language is country and reader specific.Globally it is preferred to have them in English.
Jargons:
Always keep the reader in mind and avoid excessive use of Jargons.But cover the essentials technically.
Number of years of Finaincial workings:
Financial workings are provided for 3 to 5 years.In some cases until the given loan is repaid.
All the money is my own and i will not be raising a Loan,then why i should have a Project Report?
For securing a license under the law,one has to submit project report as a necessary enclosure.Moreover,Project Reports act as a guide or a reference point to check the levels of efficiency and also help in Profit planning etc.,
What are the sources of Information? Sources of Project information are many.
They include:
- Trade Journals.
- Chamber Publications.
- Research papers.
- Manufacturer`s Catalogue/Brochure.
- Import/Export data.
- Survey
- Personal experience of Entrepreneur
Go ahead.Turn your dreams into reality.
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