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Practical 13: Compile information about various insurance schemes covering different risk factors.

Introduction:   As a computer polytechnic student, I have compiled information about various insurance schemes covering different risk factors for businesses in India. This report aims to provide an overview of the different insurance schemes available for businesses and the risk factors they cover. Insurance Schemes for Businesses in India 1.    Property Insurance: Property insurance covers the loss or damage to the physical assets of a business due to events such as fire, natural calamities, theft, or accidents. The coverage includes buildings, equipment, furniture, and inventory. Property insurance is essential for businesses that own or lease property.   2.   Liability Insurance: Liability insurance covers the legal liability of a business towards third parties for damages caused due to the business's operations. This includes bodily injury, property damage, or personal injury caused due to negligence or wrongful acts of the business. Liability insur...

Practical 12: Prepare marketing strategy for your chosen product/service.

Introduction : As a computer polytechnic student, I have been tasked with preparing a marketing strategy for a chosen product/service. The chosen product/service for this report is a mobile application that offers personalized fitness and nutrition plans to users. Product/Service Description The mobile application, named "FitGenie," is designed to provide personalized fitness and nutrition plans to users based on their health goals, fitness level, and dietary preferences. The application uses machine learning algorithms to analyze user data and provide customized recommendations for workouts and meal plans. Users can track their progress, set reminders, and receive notifications for upcoming workouts and meal times. Target Audience The target audience for the FitGenie mobile application is individuals who are interested in improving their fitness and nutrition. The application is ideal for people who have a busy lifestyle and find it difficult to maintain a healthy diet and w...

Practical 11: Prepare Technological feasibility report of a chosen product/service.

Introduction As a computer polytechnic student, I have been tasked with preparing a technological feasibility report of a chosen product/service. The chosen product/service for this report is a mobile application that offers personalized fitness and nutrition plans to users. Product/Service Description The mobile application, named "FitGenie," is designed to provide personalized fitness and nutrition plans to users based on their health goals, fitness level, and dietary preferences. The application uses machine learning algorithms to analyze user data and provide customized recommendations for workouts and meal plans. Users can track their progress, set reminders, and receive notifications for upcoming workouts and meal times. Technology Requirements: The FitGenie mobile application requires a range of technological components to function effectively. These include: 1.    Mobile Application Development: The application will be developed using native programming langua...

Practcal 10: Compile the information from the government agencies that will help you set up your business enterprise.

Report: Government Agencies for Setting up a Business Enterprise in India Introduction As a student aspiring to set up a business enterprise in India, it is essential to gather information about government agencies that can offer support and assistance. This report outlines the various government agencies in India that provide resources and assistance to small businesses. 1.   Ministry of Micro, Small and Medium Enterprises (MSME) The MSME ministry is a government agency that is responsible for promoting and supporting small businesses in India. The ministry offers a range of programs and services, including financial assistance, skill development training, and marketing support. The ministry has established various schemes, such as the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and the Prime Minister's Employment Generation Program (PMEGP), to support small businesses.   2. Startup India Startup India is a government initiative that aims...

Practical 9: Compile the information from financial agencies that will help you set up your business enterprise.

Introduction As a student aspiring to set up a business enterprise in India, it is essential to gather information about financial agencies that can offer support and assistance. This report outlines the various financial agencies in India that provide resources and assistance to small businesses. 1.   Small Industries Development Bank of India (SIDBI) SIDBI is a government-owned financial institution that provides loans and other financial services to small businesses in India. The bank offers a range of financing options, including working capital loans, term loans, and equipment financing. SIDBI also provides business advisory services, which include assistance with project preparation and evaluation, project management, and technical services. 2. National Small Industries Corporation (NSIC) NSIC is a government agency that provides support and assistance to small businesses in India. The corporation offers a range of services, including marketing assistance, technolo...

Practical 8: Visit a bank/financial institution to enquire about various funding schemes for small scale enterprise.

As a polytechnic student studying computer industries, I recently visited State Bank of India (SBI) to enquire about the various funding schemes available for small scale enterprises. My visit was aimed at understanding the various schemes available for start-ups and small businesses to obtain financial support from SBI. During my visit, I was informed by the bank officials that SBI offers several schemes specifically targeted towards small scale enterprises. The schemes offered by the bank are designed to meet the various financial needs of startups and small businesses, from providing working capital to long-term funding solutions. One of the primary schemes offered by SBI for small scale enterprises is the SME loan scheme. This scheme provides startups and small businesses with the financial support they need to manage their cash flow, purchase equipment, and finance their operations. The SME loan scheme is offered at a competitive rate of interest and is designed to meet the un...

Practical 7 : Survey industries of your stream, grade them according to the level of scale of production, investment, turnover, pollution to prepare a report on it.

As a polytechnic student studying computer industries, I have conducted research to understand the scale of production, investment, turnover, and pollution of various computer-related businesses. Below is a report on the findings for each of the following businesses: 1.    Software Development Companies: The software development industry is characterized by high levels of investment, with companies spending heavily on research and development to create new software products and services. The scale of production for software development companies varies greatly, with some startups operating on a small scale and larger companies operating on a global scale. The annual turnover for software development companies is generally high, due to the high demand for software products and services. The level of pollution associated with software development is relatively low, as most software development occurs in digital environments and does not produce physical waste. 2.   Comp...

Practical 5 : Identify the business opportunity suitable for you.

  As am a student, I have always been fascinated by the world of entrepreneurship and the idea of starting my own business someday. With the growing number of opportunities and advancements in technology, starting a business is easier than ever before. However, identifying the right business opportunity can be a daunting task. After conducting extensive research and analysis, I have identified a few business opportunities that are suitable for me as an undergraduate student and that are present near me in the city. One of the most significant business opportunities that I have identified is the need for a tutoring center. As an undergraduate student, I have personally experienced the demand for tutoring services. Many students struggle with various subjects and need additional help to excel in their studies. By starting a tutoring center, I can cater to the needs of these students and help them improve their grades. Additionally, I can also hire other undergraduate students who a...

Practical 4 : Undertake self-assessment test to discover your entrepreneurial traits.

Here are some self-assessment parameters to consider if we want to become an entrepreneur: 1.   Passion: Do you have a strong passion for starting your own business and being your own boss? Are you willing to put in the long hours and hard work required to make your business a success? Answer:  Write one or many of the below passions: a) Technology and Innovation: Many students have a passion for technology and innovation, and may be interested in pursuing careers in fields such as software development, artificial intelligence, or digital marketing. b) Social Responsibility: Students who are passionate about social responsibility may be interested in pursuing careers in sustainable business practices, corporate social responsibility, or non-profit organizations. c)   Marketing and Sales: Some students may have a passion for marketing and sales, and may be interested in pursuing careers in advertising, public relations, or sales management. d) Finance and Ac...