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442 Dotnet effort, clarity, courage, confidence, Passion and above all smartness. =< * fe
3:1.2 Definition of Entrepreneurship
* cfpltepreneurship can be defined by describing what_entrepreneurs_do. For exam
iEntrepreneurs use personal initiative, and engage in calculated risk-taking, to create rs ©
i
1
5
business ventures by raising resources to apply innovative new ideas that solve protios
But as ranges, OF Satisfy the needs of a clearly defined Mecices
“hes the following definitions state, entrepreneurshin iemen restricted to business and prft
lange to achieve some benefit. This beneft nay
the better.
* “Entrepreneurship Is essentially the act of crea
‘opportunity, shape a goal, and take ad
ralse resources, aiid give birth to new vi
Entrepreneurship Is a procedure of desi
‘example = like a startup company offering
Most people think like being an entre;
business, but It doesn’t stop here it al how you will reach to the clients 2!
customers In an affordable & effective way. i zs
dng aaimble Way, we can say that Entrepreneurshy means creati things rather ti
sticking to conventional fobs & businesses ° Seog new thing
* A parson who sets up business on taking the fna a fit is tee
Pe anil facia! risks in the hope of pro
5
rch language firstly used in 1973, entreprene
an innovative or independent-minded bust te ducts *
cei ‘An entrepreneur creates pro:
Trey are Job creators rather than job seekers, off
In the late 17" and early 1g century, Rich ith $
11d CIID in the ascipine of managemary, "'°P2"d Cantiion and Adam Sm
‘1-4-3 Entrepreneurship is Need of Time ,
You have a plan and you want to start your o\ yours
rete t,oyurship Development.
a relationships.
the right connections and mal Intain good business rel
+ Ablity to make t
2 Good sting skis.
Solerance for sk ting.
[fig TRAITS OF SUCCESSFUL INTRARR! e
oes companies. They detect disruption,
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3.3.5 Technology Transfer
What is the Technology Transfer Process?
The Technology Transfer Process outl
ined below is a collaborative process between the
Inventor and LSU, during which the id:
lentification, Protection, and commercialization of intellectual
property occurs.
Discovery
g
Development and
ization
‘echnology Transfer Process
Disclosure
ith details about an
ding the university wit ;
a document formally provi deal obo
i . ion you tae aauclope while an employee at LSU. During this phase y
fr eaiaten for its commercial potential and possible patentability.Devel: = sy
nether or not commerci
yn is made on wi
2 decision 1g made on
Evaluation
Through the evaluation proces, :
eros fora parcatornverion or tecnoloy Should
Protection
Patent Attorneys assist Inthe proce
technical deta, gata, and substantia
lkelInood of securing @ patent.
Marketing
With a researchers assistance,
business networks necessary to bring the technology
Im this stage can drasteally enhance this proces.
Negotiation
‘This phase begins when a company expresses Interest In the marketed invention »
technology. An office staff member wil handle al aspects of the negotiation, all the while secu
Input fom the inventor and keeping them Informed.
‘The Ofce of innovation and Technology Commercilzation makes Inventions resutng tn
LSU research avaliable to te pub trough feenes, Certain rights Inthe technology are grr
tothe licensee, under specie terms ond condton, as speled by LSU poly.
Technology transfer, also called transter of technology (TOT, isthe process of trantery
(aisseminatig) technology from the person or organization tat ove oF Role another tee
Or organization. 1 occurs slong various axes! among unvesies, from universes to bushes
{and vice verso, trom large businesses to male ones and vice versa), from govermacne a
businesses (and ‘ce versa), across geopolie borders; bath formal” tnd Merely ne ee
openly and surepttousy. Often Kocsis by concerted efor te, share ee eens
technologies, “methods of” manufacturing, srtples “of mascot sng ee ne ees
Governments or universes and ther Insetalonto ensue eet eke ae eee
developments ae accessible toa wer range o ses who can tran she ac
the tecnnology Into new products, processes, applcatons, materite eaten en oat
rate to and may sraubly be conidered subset o kolenee Saher eer coat
le movement of technol fam one are to anata Apress eof santa rans
primary harzotal. Veal aster occurs when tesincoses we ora oe eeemeleny (TOT
Enters to research and developmen cence
yeetloay tenses promoted at conerences organized by such groups asthe Ewing Maron
Soar rouncetion and the Aesoition of Universty Teemnaogy maton, se crs a
pean by organizations sah ote Center for nage” faMeDES, and at “calege
vena cpa aaretons ih ne thane vans Batters in Marian oa
cfr a wth vss esses te otra tcc agetes GNA)
Tegtnaagy brokers ae pope who dovreé Row tobe the sos ees ans aa
Set const or pce to ew sans or Cres oTETEN words ond ao
Rrsramous sepeday i Europe ie “ecnoooyvalrstn. vine eae use oimot
hes per ula ay yar anc ra ras va cet the re
Braces bla) heed ve of mie. or apg ceo
at Xerox PARC and else where has ed toa focus onthe process ren” ae
reas technology transfer can nvlve the deserrocne
contin ah owe rest ee Ny con so sane ey "ans
ily of ree) tan ee telgce™ aPae dasa a
CS arn, sa ee ee
FINANCIAL INSTITUTIONS
1.27 Puble Sector Banks
2. All Regional Rural Banks
ea,
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sof patent protection HM attorneys to. sasee me)
tion ore. provided to pat
saa ye a
y“1 ouimissioner (Indetes) “8 Fee Committee
3.4.1 What is the Breakeven Poin
In accounting, the break-even Point
associated with production by the revenue
ths case, fixed costs refer to those wien ie dvidual unit minus the versa oe per unit.
ist
fut differently, the breakeven point is the productions
eaual total extieriees: Nn level at which total revenues for a produ
it formula for a stock or futures trade is
determined by comparing the mi the original cost; the break even point is
when the two prices are equal. For options trading, the breakeven point is the market price that
an underlying asset must reach for an option buyer to avoid a loss if they exercise the option, For'a
| buyer, the breakeven point is when the underiyng is equal ; e [eisai Brice lus
the premium paid, while the BEP for a put position is when the underlyin
mre minus the Premium paid. The breakeven point doesn't typically factor in commission costs,
athough these fees could be included if desired.
Understanding Breakeven Point (BEP) Iso have breakeven points. A company's
and businesses al: jin percentage.
weet, eae Se narnied costs and dividing It by the gross profit margin ps
Xreak-even Baint3.4.2 Return on Investment
Return on investment (ROI) Is a financial metric of profitability that is widely used to measure
the return or gain from an investment. ROI is a simple ratio of the gain from an investment relative
to Its cost. It is as useful in evaluating the potential return from a stand-alone investment as it is in
comparing returns from several investments,
In business analysis, ROI is one of the key metrics—along with other cash flow measures such
as internal rate of return (IRR) and net present value (NPV)—used to evaluate and rank the
attractiveness of 2 number of different investment alternatives. ROI is generally expressed as 2
percentage rather than as a ratio,
How to Calculate ROI
The ROI calculation is a straightforward one, and it can be calculated by either of the two
following methods.
The first is th
~ Net Return on Investment
ROI = "Cost of Investment * 100%
‘The second is this:
Final Value of Investment — Ini Val
ue of Investment 5 999%
ROI = Cost of Investment> anu total COSTS snoUld be considered.
for an apples: to-apples comparison between competing Investments, annualized ROI should
3.4.3 Return On Sales (ROS)
Return on Sales (ROS) Definition
Return on sales (ROS) Is a ratio used to
measure provides insight into how much profit I
ROS indicates that a company is gro
impending financial troubles.
evaluate a company's operational efficiency.This
Is being produced per dollar of sales. An increasing
wing more efficiently, while a decreasing ROS could signal
Return on sales (ROS) is a measure of how efficiently a company turns sales into profits.
* ROS is calculated by dividing operating profit by net sales.
* ROS is only useful when com
the same size.
The formula for Return on Sales — ROS is
nos = Sngnepg mt
where, ROS = Return on Sales
Operating Profit is calculated as earnings
Before Income and Taxes, or EBIT.
ite tosis eoledetn any's operating profit for a specific period divided by its
respective ‘net See tne ROS equation does nat account for non-operating activities and expences,
the cueutetion atone Seer erfectively a company Is producing Its core products and services
and how its management runs the business. Therefore, ROS Is used as an Indicator of
efficiency and profitability.
What Does Return on Sales Tell You?
paring companies in the same line of business and of roughly
fo tetas = amma fe nanerating(il) There Is dearth of capital to expand the business,
(il) Private enterprise leads to concentration of wealth in the hands of a fev,
(Iv) Private enterprises lead to unbalanced growth of industiles.
4.2.2 Capital
Entrepreneurship capital is defined as a region's endowment with factors conducive to the