- Find out your area of interest.
- Make a feasibility study in terms of financial resource, human resource and raw material resources (if any required) available with you.
- List down the potential/ target customers.
- Find out if there are any government schemes/ programs where you can get financial and knowledge support.
- List out the possible challenges/ risk and list of possible competitors.
- Make a chart of activity plan and assign time duration against each activity.
- Meet and interact with some Entrepreneurs (Successful and failure both).
When one plan for entrepreneurship, one can make a replication of another’s business model/ product / services which is running successfully in another location or one can do it in innovative way which may be first of its kind.