Things that require for start a new business of Namkeen.

Well, According to me First of all you have to go with these ways:-

1. Planing
2. Organizing
3. Directing
4. controlling
5. staffing

Potato chips manufacturing can be done at a small-scale level as well as at large scale level. Capital investment depends on the level of the business starting from INR 2 lakhs. It can be done from a large factory as well as your own residence.
The main consumers of potato chips and wafers are families especially in urban and semi-urban areas. Besides, hotels, restaurants, canteens need potato chips in significant quantities.
According to me you should go through with these ways :-
1.Raw Material Required.
one of the most important thing in the food type of business that you need the raw material for making the namkeen. You have to choose what type of raw material required for making namkeen.Raw material used is of superior quality to provide you great performance and efficient working.
2.Machines/Equipment required:
The second one is the Machine/equipment. You need to buy Namkeen Processing Machine, Namkeen Mixer Machine and Namkeen Packaging Machine.
3.License Required.
License is one of the most important thing you have to do business legally with license so here the what are the license that required for namkeen business:-

• FSSAI License.
• GST (Good & Service Tax) Registration.
• Trademark Registration.(if you want to sell namkeen under your own brand)
• FDA License.
• and other legal formalities Required.

4.Manpower Required.
If you want start your own business so you need Manpower that will work in to the Factory or unit so manpower is necessary for any business.
5.Transportation Required.
That is also required at that when your product will go one place to another so you will require transportation.
6.Profit Margin.
The profit margin depends upon several factors, such as marketing cost, sourcing of materials, manufacturing cost etc.The profit margin in this business should be around 20-30%, that means if you sell 10 kg Namkeen at INR 200, the profit will be INR 40-60.
7.Investment & Finance.
The entrepreneur require to invest in the business. The capital investment for small-scale industry will be around 3-6 lakhs approx. One can even get finance through various sources like nationalized banks, private banks and financial institutions.
Best Of Luck For Your Business…

Difference between Business, commerce,Industry and Trade

What is Business ?
According to a person may become busy in several or different types of activities for example reading, writing, printing, paying etc. Because of any of these activities may bring him money, prestige, power or any other kind of satisfaction known only to him.
In other words in economic sense the business means work efforts and act of people which are connected with production of wealth.
Components of Business:-
A) Industry
B) Commerce
C) Trade

A.Industry

• Refers to economic activities
• Connected with conversion of resources into useful goods
• This include Activities relating to producing or processing of goods as well as breeding and raising animal.

Followings are the Categories of Industries:-
1.Primary industry
2.Secondary Industry
3.Tertiary Industry

1.Primary Industry
The extraction and production of natural resources and reproduction development of living organisms, plant and animals etc.
These industries may be further divided into Two parts.
i) Extract Industries.
extract or draw out products from natural resources.
ii)Genetic Industries.
Remain engaged in breeding plants and animal for their further use in reproduction of plants and animals.
2. Secondary Industries

• These are concerned with using the materials which have already been extracted at the primary stage.
• These Industries process such materials to produce goods for final consumption or for further processing by other industrial units.

It may be further divided as follow:-
i) Manufacturing Industries
it is producing goods through processing of raw material and thus creating from utilities.
3.Tertiary Industries

• It concerned with providing support services to primary and secondary industries as well as activities related to trade for example Transporting, Advertising.

(B) COMMERCE
The process of Buying and selling all those activities which facilitate trade such as storing, grading, packaging, financing, insuring, transporting are called commerce.
-Principle function of commerce is to remove hindrances-

• Hindrance of Person
• Hindrance of Exchange
• Hindrance of Place
• Hindrance of Time
• Hindrance of Information

(C) Trade
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.
The most common medium of exchange for these transactions is money, but trade may also be executed with the exchange of goods or servicing between both parties.
Thank you…

What are the some tips for board Exam

One of the most important tips that i had used in my exam preparation and that is most useful at the time of preparation of the exam.

Followings are the most important tips for the exam preparation:-

1.Find a space of the home to study.

It means that if you want to start preparation of your exam so you need to find out a space in your home where you can do study alone where is nobody can not disturb you.

2.Take help from Previous year questions papers.

One of the most important thing is previous year question papers once you have studied anything about your subjects after that you need to solve the previous question papers again and again this process will help you that how the question paper solve quickly during the exam.

3.Make Small Notes of question whatever you have study.

Whatever you have studied from your book or any other sample papers so you have make small notes. in this notes you have to write main headings and main points that is related to your topic because this small notes will help you at the time revision before the exam.

4.stay with cool mindset.

Before the exam always try to be cool and calm because calmness and coolness is the two ways of thinking something new..

5.Try to study 2-3 hours only.

Here, i will not say that you have to do study 20-25 hours no that is not . I will suggest you that you have to do study just only 2-3 hours with the cool mindset not the whole day. and one more important thing is that try to do study with interest so that will be more effective.

6.Have healthy Diet.

During the preparation of exam you have to take healthy diet and take the snacks, and take fruits and food that will give you more energy to do study.

7.Organize the group of friends to study together.

if you do not have answer 1-2 questions so it may be happens that your friends have answers that type of question so try to make a group of your friends and do study together.

8.Try to repeat everything whatever you have studied early in the morning at 5 AM.

If you do not want to forgot anything whatever you have learn t so you have to wake up early in the morning and repeat those things whatever you have learn t. i promise you will never forget if you will start the learn at early in the morning at 5 am.

9.Compete with yourself.

Always try to compete with yourself that i have to do, i will do , why i can not do, i will do. that all the things comes in to the mind try to face these types of things.

10.Identify your weakness.

You have to identify your weakness. that what is your weakness. how can you remove this weakness and always try to hidden your weakness. Never tell your weakness to others.

11. Time management.

One of the most important is the Time management. if you want to preparation for your exam so you should make a time management. First you have to make a plan to settle a time on which that you have to study because your every minute or every hour is so important at the time of exam preparation.

12.clarify of thought, Expression & Handwriting.

Always try to clarify your thought in the answer and try to make a good hand writing that is understandable to anyone.

What Are the Tools Available for Small Size Business

Top 10 tools available for small size business to improve the efficiency

1. Keep score

this is one of the most important thing of few small business have an accurate idea of daily, weekly and monthly numbers and second thing is that financial position of the business. It’s more important that you should know about financial position of your business. It’s vital that you should spend necessary time keeping current on cash flow and fund flow etc. there should be comparative strategy towards financial position of the business if you lack the financial skills, hire an accountant, but still stay in the loop. 

2.Set goals

Always like keeping score and according this setting goals and objectives is an essential part of business success. First of all set goal with specific objectives and use that goals an ongoing planning tool to ensure you continue to move forward in your small business.

3.Use High Impact Marketing

It's always easy to waste money on ineffective marketing. In the small business you need to find out with low budget high-impact marketing means that invest low and gets high marketing to improve your small business. Test one or two new tactics and see the outcome of these tactics which perform best before adding them to your marketing mix. and always be up-to-date with marketing.

4.Master business Presentations

Always tries best powerful business presentation that can help increase your small business by leaps and bounds. start by learning the essentials of a memorable business presentation.

5.Monitor Trends

The events and changes in the global landscape have an effect on your business. Always stay current on trends and issues happening in your industry and local community.

that what’s happening in the industry and local community it should be understand by small business.

 

6.Sharpen Your Selling Skills

sale is a high return area for business improvement and also one of the major aspect of the business. if your sales of business improve you will automatically gets the high profit. Try to something new to increase your sales and whether you're a one-person operation or managing a sales team, you must focus on sales improvement.

 

7.Find Best practices

Every organization has its own ways of doing things that are tried and true. Avoid wasting money and time reinventing the industry is generally a good approach unless you're set on building the next Google.

8.Motivation

In the small business one of the most important thing is motivation that how to motivate the employee and how to maintain good relation with employee. Talented and motivated staff members can bring on big improvement in the business.

Learn what motivates your employees to high levels of performance.

9.know your Limits

Every successful business owner has a clear idea of their limitations. They know about their limitations

By knowing your entrepreneurial personality type, you can manage your resources and find help in areas of weakness

10.Take a Break

Running a small business is hard work.

sometimes the best way to improve your business and re-ignite your passion is take a vacation.

What is Stock Exchange in India

 Meaning of Stock Exchange

A stock exchange is an organized market where shares, stocks, debentures and other securities are bought and sold. Under the Securities Contract (Regulation Act, 1956 the term stock exchange has been defined as “an association, organization or body of individuals, whether incorporated or not, established for the purpose of assisting, regulating and conducting business in buying, selling and dealing in the list securities”.

 Thus, a stock exchange is an association of persons engaged in buying and selling securities. It is a market where dealings in the listed securities are made by the members of the exchange on their own behalf and on behalf of others. The stock which is an organized market in commodities.

The main features of stock exchange are as follows.

1.  An organization in the form of an association or the company.

2.  A governing board or board of directors to supervise and regulate the activities.

3.  A framework of rules and regulations.

4.  A system of communication between members.

5.  Brokers to serve as a link between the buyers and sellers.

 Definitions of Stock Exchange

According to Husband and Dockerary.

	“Stock exchanges are privately organized markets Which are used to facilitate trading in securities.”

  

Organization of Stock Exchanges in India 

 

Under the Securities Contracts (Regulation) Act, 1956 dealings in securities can take place only at the recognized stock exchanges.

-: There are 23 recognized stock exchanges: -

·     Mumbai (BSE)

·     Kolkata

·     Chennai

·     Delhi

·     Ahmedabad

·     Hyderabad

·     Bangalore

·     Indore

·     Cochin

·     Kanpur

·     Pune

·     Ludhiana

·     Guwahati

·     Kanara(Mangalore)

·     Patna

·     Bhubaneshwar

·     Jaipur

·     Coimbatore

·     Rajkot and Vadodara

·     Exchange(NSE) (Greater Bombay and over the country

·     OTCEI- Over the Counter Exchange of India and Inter-Connected Stock Exchange of India Ltd.

Every stock exchange is managed by a governing board or executive committee or Council of Management.

The members of this body are elected from among the themselves the president or chairman of the stock exchange. In the day-to-day management the governing board is assisted by a number of committees such as listing committee, arbitration committee, defaulters’ committee, admission committee etc. The governing board is empowered to make rules and regulations in consultation with the Government and members of stock exchange.

 

  

What is National Stock Exchange (NSE) 

 The National Stock Exchange was set up as joint stock company by all India financial institutions and banks on November 27, 1992. It started operations on July 1, 1994 to provide countrywide screen based on-line trading facilities to investors. There is which are linked with central computer at NSE. Nationwide trade facilities through electronic clearing and settlement system are available to investors. NSE is a countrywide on-line trading system, conforming to international standards. A company with a minimum capital of Rs 10 crore is eligible for listing on the NSE.

Objectives of NSE: The main objectives of NSE are as follows

1.  To establish a nationwide trading facility for equities, debt instruments and hybrids.

2.  To ensure equal access to investors all over the country through an appropriate communication network.

3.  To provide a fair, efficient and transparent securities market to investors using electronic trading systems.

4.  To enable shorter settlement cycles and book entry settlement system.

5.  To meet the current international standards of securities markets.

6.  Automated screen based trading with real time response.

7.  Nationwide access- no need for office near central processing unit. A trader can be located where.

8.  Anonymity of trading members, large orders can be placed in the system without fear of influencing price through settlement.