Entrepreneurship Development Cycle

Entrepreneurship Development Cycle

Stimulat
ory

Support

Sustainin
g

Stimulatory Phase

Generating
awareness

entrepreneurial
in

the

available

techno-economic

information and project profiles

Helping them to develop project report.

entrepreneurs.

Developing a data bank on new products

and process available to target group.

Helping them through training to

Improving their skills in modern

management methods.
Developing technical competence
relevant to the product selected.

Creating

forums

for

entrepreneurs

to

discuss their mutual problems and success.

Making

Identifying and selecting potential

raise their motivational level.

Developing a data bank on new products

and process available to target group.

community

through well planned publicity.

Evolving

new

products

and

processes

available to the local situation.

Public

recognition

excellence.

of

entrepreneurial

Support Phase

This includes all such activities

that help entrepreneurs in
establishing and running their
enterprises. The activities in
this phase may include:

Support Phase Issue of licenses for

scarce raw materials.

Granting tax relief and other types of

subsidy.

Offering management consultancy.

Assisting in marketing the products

Registration of the unit.

Providing information related to the
Arranging finance of any type
industry.
Helping in purchase of plant and
machinery.
Providing land, shed, power,
water, etc. for establishing the
unit.
Guidance
for
selecting
and
obtaining
plant and
machinery
These
activities
provide
nurturance and remove many
and layout.

hurdles which are likely to cause sickness or discourage the

new entrepreneurs

Sustaining Phase

Sustaining Phase Activities

in this phase are all those
that help the entrepreneur
in continuous, efficient and
profitable running of an
enterprise. The sustaining
activities may include:

Helping in modernization
/substitution of products.
Additional financing for full
capacity utilization.
Deferring repayment/interest
depending on the situation.
Help and guidance in
diagnosing the cause of
failure or low production.

Modification or change in
legislation/policy affecting units.

Creation of new avenues for marketing.

Quality testing and quality

improvement at low cost .