Mastering Entrepreneurship and Personal Finance Unlock your potential with our comprehensive guide, SWOT Industry_Skills

Ebook: Mastering Entrepreneurship and Personal Finance Unlock your potential with our comprehensive guide, "Mastering Entrepreneurship and Personal Finance." This ebook is designed to equip aspiring entrepreneurs with essential skills and knowledge to thrive in the business world.

1. Industry Skills Excelling at the workplace

2. ‹#› Agenda Entrepreneurship Skills Concept of Entrepreneurship Entrepreneurial Motivation Source of Business Ideas, Entrepreneurial Opportunites Project Preparation and Marketing Analysis Institutional Support Investment Procurement Productivity Introduction to Productivity Affecting Factors Comparative Productivity in Developed Countries

3. ‹#› Agenda Personal Finance Management Banking Process Personal Finance Handling ATM KYC Registration Safe Cash Handling Personal Risk and Insurance Labour Welfare Act The Factories Act Apprenticeship Act Employees’s State Insurance Act Payment of Wages Employees Provident Fund Workmen’s Compensation Fund Act

4. ‹#› Entrepreneurship Skills

5. ‹#› Concept of Entrepreneurship

6. ‹#› What is Entrepreneurship? Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit It is also about transforming the world by solving big problems. Like initiating social change, creating an innovative product or presenting a new life changing solution

7. ‹#› Enterprise, Entrepreneur, Entrepreneurship An enterprise is an already formed business organization that offers some goods or services etc An entrepreneur is a person who establishes and manages the enterprise. He/she is often the founder and owner of the business Entrepreneurship is the process of establishing new business enterprise along with the capacity to identify the opportunities and threats and to undertake all the risks to gain profits in results

8. ‹#› Concept of Entrepreneurship Entrepreneurship Idea Generation Innovation Vision Growth

9. ‹#› Concept of Entrepreneurship The meaning of entrepreneurship involves an entrepreneur who takes action to make a change in the world Many start up entrepreneurs solve a problem that many struggle with each day, bring people together in a way no one has before, or build something revolutionary that advances society Entrepreneurship is about execution of ideas

10. Creating an Entrepreneurial Mindset in Students Entrepreneurial education in schools have become widely recognized in recent times. Developing knowledge on entrepreneurship need not make a person an entrepreneur, but it will definitely nurture an enterprising mindset which leads one towards excellence in school and beyond the school years. Customized Teaching Teaching such skills requires in depth planning, balancing theory with real-life experiences Inspires Young Minds Entrepreneurship education fosters advanced skills of creativity and innovative thinking which empowers and inspires students to take initiatives, risk decisions and accept responsibility Nurtures Unconventional Talents and Skills It helps them to identify and hone their latent talents as wells as act in a socially responsible way Promotes Economic Growth Economic growth of a nation is supported by the entrepreneurial thinking skills and activities of its people

11. ‹#› Entrepreneurship vs. Management #1. Meaning Entrepreneurship A new business started by an entrepreneur Management Team of people managing the business

12. ‹#› Entrepreneurship vs. Management #2. Ownership Entrepreneurship Entrepreneur is owner Management Team of management are employees

13. ‹#› Entrepreneurship vs. Management #3. Risk Entrepreneurship Entrepreneur bears the risk of business Management Management don’t bear any risk of business

14. ‹#› Entrepreneurship vs. Management #4. Remuneration Entrepreneurship In kind of profits Management In kind of salary

15. ‹#› Entrepreneurship vs. Management #5. Motivation Entrepreneurship To start a new business Management To manage the existing business

16. ‹#› Entrepreneurship vs. Management #6. Decision Making Entrepreneurship In the hands of entrepreneur Management In the hands of owners, key managerial personnel

17. ‹#› Entrepreneurship vs. Management #7. Mission Entrepreneurship Suitable growth of business Management To accomplish define organizational goal

18. ‹#› How To Be An Entrepreneur While Working For An Organization Create Disruption Discovering and implementing radical approaches to the tried and true processes Take Ownership Take risks/ decisions that lead to innovation or that put the company forward Find a Passion Look for a project within the organization where you can channel that enthusiasm to create change Stay Inquisitive Keep learning and continue asking questions Entrepreneurial spirit is an attitude and approach to thinking that actively seeks out change, rather than waiting to adapt to change. It’s a mindset that embraces critical questioning, innovation, service and continuous improvement.

19. ‹#› Entrepreneurial Motivation

20. ‹#› Entrepreneurial Motivation It is the process that activates and motivates the entrepreneur to exert higher level of efforts for the achievement of his/her entrepreneurial goals It refers to the forces or drive within an entrepreneur that affect the direction, intensity and persistence of his/her voluntary behavior entrepreneur

21. ‹#› Entrepreneurial Motivating Factors Desire to do something Become independent Achieve what one wants to have in life Be recognized for one’s contribution One’s educational background One’s occupational background and experience in the relevant field Internal Factors Government assistance and support Availability of labor and raw material Encouragement from big business houses Promising demand for the product External Factors

22. ‹#› Role & Function of Entrepreneurs with Relation to Enterprise Preliminary work Starting of production Mobilization of capital Innovations Co-ordination

23. ‹#› Role & Function of Entrepreneurs with Relation to Enterprise Organization of labor force Supply of tools and machines Marketing mechanism Anticipation of market changes Division of labor

24. ‹#› Role & Function of Entrepreneurs with Relation to Enterprise Risk taking Uncertainty bearing Distribution of profits Creation of values Scientific management

25. ‹#› Role of Entrepreneurship in Economic Development Wealth creation & sharing Create jobs Balanced regional development GDP and per capita income Standard of living Exports Community Development

26. ‹#› Source of Business Ideas, Entrepreneurial Opportunities

27. ‹#› Sources of Business Ideas & Opportunities for Entrepreneurs Interests and hobbies Customer surveys Brainstorming and dreams

28. ‹#› Sources of Business Ideas & Opportunities for Entrepreneurs Franchises Mass media Trade fairs and exhibitions

29. ‹#› Sources of Business Ideas & Opportunities for Entrepreneurs Personal experience and talents

30. ‹#› Process of Setting up a Business Step 1 Do your research Step 2 Make a plan Step 3 Plan your finances

31. ‹#› Process of Setting up a Business Step 4 Choose a business structure Step 5 Pick and register your business name Step 6 Get licenses and permits

32. ‹#› Process of Setting up a Business Step 7 Choose your accounting system Step 8 Set up your business location Step 9 Get your team ready

33. ‹#› Process of Setting up a Business Step 10 Promote your business

34. ‹#› Project Preparation and Marketing Analysis

35. ‹#› Qualities of a Good Entrepreneur Disciplined Confidence Open Minded Self Starter Competitive

36. ‹#› Qualities of a Good Entrepreneur Creativity Determination Strong People Skills Strong Work Ethic Passion

37. ‹#› SWOT and Risk Analysis Concept Do you think English is phonetic Strengths Weaknesses Opportunities Threats

38. ‹#› Purpose of SWOT Do you think English is phonetic To consolidate your strengths To improve the aspects that are considered weaknesses To explore the opportunities present in the environment To avoid threats that can endanger your business

39. ‹#› SWOT and Risk Analysis Concept Do you think English is phonetic Domain Strengths Weaknesses It refers to the qualities of the business Encompass the internal components that generate competitive disadvantages Products or design services High quality product; licenses; patents, unique processes; innovation Equipment wear Finances Funding sources; rigorous financial control Lack of funding Marketing Brand awareness; efficient market positioning Low degree of promotion Human resources Experience and business expertise in particular domains; loyalty Big fluctuation; lack of necessary competencies

40. ‹#› SWOT and Risk Analysis Concept Do you think English is phonetic Domain Opportunities Threats Governmental policies Governmental programs, grants Monopoly of government-run businesses; frequent changes in legislation Economic Favorable economic environment Recession, growth of business costs Social Consumer salary increase; the existence of qualified personnel Shifts in consumer behavior; income decrease Technological Innovation; lower prices for technology, the increased access to new technologies Low access to new technologies; high prices for new technologies

41. ‹#› SWOT and Risk Analysis Concept – Examples of Questions Do you think English is phonetic Strengths What are we best at? What specific attitude does the work force have? What unique resources do we possess? What financial resources do we have? What technology do we use? Weaknesses Where are we most vulnerable? What kind of training are our employees lacking? What is the loyalty degree of our employees? What is our financial status?

42. ‹#› SWOT and Risk Analysis Concept – Examples of Questions Do you think English is phonetic Opportunities What shifts of the external environment can we exploit? What new technologies can we access? What new markets can we tap into? How has the consumer behavior shifted among potential customers? Threats What could our competitors do to say ahead of us? What new legislation could damage our interests? What social changes could pose a threat for us? How will the economic cyclicality affect us?

43. ‹#› Application of Product Life Cycle Do you think English is phonetic The phase of the Product Life Cycle Introduction Growth Maturity Decline

44. ‹#› Application of Product Life Cycle Do you think English is phonetic Market Introduction Defining Characteristics of this Stage Product branding and quality will be determined Costs will be highest. This is because economies of scale are yet to be realized and there are few (if any) sales to drive costs down Any intellectual property protection is obtained Sales volume will be relatively slow to begin with. Market adoption takes time to achieve Pricing may be either low (to gain market share) or high (to quickly recoup development costs) Little or no competition. It is hoped, though not always the case, that there will be little competition for a new product Distribution is selective (pending market acceptance of the product) Demand needs creating. Marketing is particularly important to create demand Marketing is targeted at innovators and early adopters to try and encourage rapid awareness building for the product Customers need to be encouraged and educated to use the product

45. ‹#› Application of Product Life Cycle Do you think English is phonetic Growth Defining Characteristics of this Stage Quality is maintained and development prioritizes additional features, complementary products and support Costs begin to decline as economies of scale kick in Pricing will be maintained as the product is likely to enjoy a competitive advantage Sales volume rises appreciably compared to the on introduction phase Distribution is increased to accommodate increased demands Profitability will rise Marketing focuses on a wider audience Brand/Product awareness will rise Competitors are likely to enter the market

46. ‹#› Application of Product Life Cycle Do you think English is phonetic Maturity Defining Characteristics of this Stage Products features will normally be enhanced to enable strong differentiation of the product from competing products Costs decrease to reflect rising sales volumes and the experience of the business in producing the product Prices may have to be cut to ward off competitive threats Sales volume reaches a peak and market saturation is attained Distribution will become more intense and new incentives may be introduced to try and encourage sales vs. competitors’ products Further competitors enter the market Marketing focuses on the differentiation of the product in the market Prices will drop based on competition Brand differentiation and product diversification becomes a possible strategy to protect market share Profitability begins to decline

47. ‹#› Application of Product Life Cycle Do you think English is phonetic Decline Defining Characteristics of this Stage Product goes into a maintenance phase Costs begin to become less than optimal Attempts are made to recreate the product through new users or by significantly changing the product Sales volumes decline significantly The product may become a legacy offering sold to a niche group Sales volumes decline significantly Costs are reduced as far as possible Prices fall further Finally, the product is discontinued when it is no longer economic to sell Profitability depends less on sales that the efficiencies of production and distribution efforts

48. ‹#› Sales & Distribution Management Do you think English is phonetic Sales refers to the exchange of goods/commodities against money or service It is the only revenue generating function in an organization Distribution is the process of making a product or service available for use or consumption to the end consumer or business

49. ‹#› Sales Management Do you think English is phonetic Sales management is a business discipline, which focuses on the practical application of sales techniques and the management of a firm’s sales operation It is done in an efficient and effective manner through planning, staffing, training, leading and controlling organizational resources The main objective is to develop and administer a selling program that effectively contributes to the organization’s goals

50. ‹#› Importance of Sales Management Do you think English is phonetic It facilitates the sale of a product at a price, which realizes profits and helps in generating revenue to the company It helps to achieve organizational goals and objectives by focusing on the aim and planning a strategy regarding achievement of the goal within a timeframe Sales team monitors the customer preference, government policy, competitor situation, etc., to make the required changes accordingly and manage sales

51. ‹#› Importance of Sales Management Do you think English is phonetic By monitoring the customer preference, the salesperson develops a positive relationship with the customer, which helps to retain the customer for a long period of time Both the buyers and sellers have the same type of relationship, which is based on exchange of goods, services and money. This helps in attaining customer satisfaction

52. ‹#› Distribution Management Do you think English is phonetic It is the process of overseeing the movement of goods from supplier or manufacturer to point of sale It refers to activities and processes such as packaging, inventory, warehousing, supply chain and logistics Adopting a distribution management strategy is important for a company’s financial success and corporate longevity Distribution management helps keep things organized and keeps customers satisfied

53. ‹#› Difference between Small and Large Scale Business Do you think English is phonetic Decision making process Attitude towards risk Allocation of resources Understanding of business models

54. ‹#› Market Survey - Definition Do you think English is phonetic It is the survey research and analysis of the market for a particular product/service which includes the investigation into customer inclinations A study of various customer capabilities such as investment attributes and buying potential Market surveys are tools to directly collect feedback from the target audience to understand their characteristics, expectations and requirements

55. ‹#› Market Survey - Purpose Do you think English is phonetic Gain critical customer feedback Understand customer inclination towards purchasing products Enhance existing products and services Make well informed business decisions

56. ‹#› Market Survey - Importance Do you think English is phonetic Understanding the demand and supply chain of the target market Developing well thought market plans Figure out customer expectations and needs Accurate launch of new products Obtain information about customer demographics

57. ‹#› Market Survey – Method Marketing Do you think English is phonetic Method marketing is working toward thinking and feeling like their customers to understand and solve problems through the user experience and marketing best practices Method marketers go beyond the information found on the surface to determine why customers are interacting with brands in various ways

58. ‹#› Market Survey - The Method-Marketing Framework Do you think English is phonetic Develop personas – Understand customers better Determine jobs to be done –Increased sales by improving product offering to better fit customer’s needs Evaluate website – Focus on user experience and design

59. ‹#› Advertising and Publicity Do you think English is phonetic BASIS ADVERTISING PUBLICITY Meaning The activity of generating advertisements of products and services to commercialize them is known as advertising The activity of providing information about an entity, i.e. a product, an individual or a company to make it popular is known as Publicity What is it? It is what the company says about its product It is what others say about the product Cost involved Very expensive marketing tool Free of cost Given by Company and its representatives Third party

60. ‹#› Advertising and Publicity Do you think English is phonetic BASIS ADVERTISING PUBLICITY Is it under the control of the company? Yes No Which type of message it conveys? Positive It may be positive or negative Credibility and reliability Less Comparatively more Focus on Target audience Awareness Follow up Results can be measured in terms of sales volume Difficult to measure the result in numbers

61. ‹#› Marketing Mix - Definition Do you think English is phonetic The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market It is about putting the right product or a combination thereof in the place, at the right time, and at the right price

62. ‹#› Marketing Mix – 4P’s Do you think English is phonetic Target market PRODUCT PRICE PROMOTION PLACE

63. ‹#› Institutional Support

64. ‹#› Institution Support Do you think English is phonetic The term institutional support refers to the part of economic environment of industry and business These authorities and institutes take decision and provide active support in form of laws, regulation, financial and non financial The institutions could be governed govt. owned, statutory, semi autonomous

65. ‹#› Preparation of Project Do you think English is phonetic Project Goal Project Scope Milestones and Major Deliverables Work Breakdown Structure Budget

66. ‹#› Preparation of Project Do you think English is phonetic Human Resource Plan Communications Plan Risk Management Plan Change Management Plan Stakeholder Management

67. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic DIC – Direct Industry Centres The objective of the scheme is to provide financial assistance in the form of margin/seed money for the promotion of tiny industries in semi urban and rural areas with a view to generate employment opportunities including self employment

68. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic DIC – Direct Industries Centre The enterprises which are registered as in industrial unit under MSME development act, 2006 with respective DIC are eligible to get benefit under the scheme for the following purpose: For establishing new enterprises which commence commercial production during operative period of the scheme For carrying out expansion or diversification with investment more than 50% of its existing gross fixed capital investment For modernization of existing unit by investing more than 25% of its existing gross fixed capital investment to upgrade technology by way of adopting new technology production process and / or improving quality of products

69. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic SIDA -Swedish International Development Cooperation Agency A sustainable economic growth that also includes poor people requires well functioning markets and institutions SIDA can contribute to the development of small scale industry through training micro credit and by increased market access for poor entrepreneurs Clear legislation and less bureaucratic barriers helps people to start a business, get a job or act as a consumer

70. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic SIDA -Swedish International Development Cooperation Agency SIDA’s development aid for job creation also includes giving people access to vocational training, supporting employment services and job matching, supporting effective social dialogue and strengthening of labor market parties, as well as making sure that working conditions are good or developing the necessary infrastructure SIDA also supports, among others reforms that help improve business climate, strengthening of value chains and development of small businesses

71. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic SISI - Small Industries Service Institute SISI provides consultancy and training to small and prospective entrepreneurs They also provide “Economic information services, provision of workshop facilities, training and other general consultancy services” The activities of SISs are co ordinate by industrial management training division of the DC, SSI office New Delhi

72. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic SISI specializes in: To recommend SSI’s for financial assistance for financial institutions To advice the central and state governments on policy matters relating to small industry development Conduct economic and technical surveys and prepared techno economic feasible reports for selected areas and industries

73. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic SISI specializes in: To assist in testing of raw materials and products od SSIs, their inspection and quality control Organize seminars workshops and industries clinics for the benefit of entrepreneurs

74. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic NSIC - National Small Industries Corporation Limited National Small Industries Corporation Limited (NSIC) is a mini ratna PSU established by the government of India in 1955. It falls under Ministry of Micro Small & Medium enterprise of India It is working to aid, foster and promote the growth of MSMEs (micro small and medium enterprises) all across the country NSIC acts as a facilitator and has devised a number of schemes to support enterprises in their marketing efforts, both domestic and foreign markets

75. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic NSIC offers small enterprises the following support services through its technical services centers and extension centers Advice on application of new techniques Product Design Common facility support in machining Energy and Environment Services at selected centers Classroom and practical training for skill up gradation Material testing facilities through accredited laboratories

76. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic SIDO - Small Industries Development Organization SIDO is the national SME development agency of India It is a major constituent of the ministry of small scale industries of the government of India SIDO partners and networks with other national providers of support and financial services to SMEs such as the small industries development bank of India (SIDBI) the national small industry corporation(NSIC), the bureau of Indian standards (BIS), the reserve bank of India (RBI) (India’s Central Bank) and relevant agencies of the governments of the 28 states of the country

77. ‹#› Role of Various Schemes and Institutes for Self Employment Do you think English is phonetic SIDO provides services to small industry throughout the country by implementing a broad program of activities and services including the following: Entrepreneurship development Two rule services Testing centers Extension services R&D services Consultancy Services Policy Development

78. ‹#› Investment Procurement

79. ‹#› Project Formation Do you think English is phonetic Conception Initiation Planning Execution, Performance/ monitoring Project close

80. ‹#› Project Formation- Management Do you think English is phonetic Manage Project Clearly define the scope of your project Clearly select the members of your team Outline your goals and keep them SMART Manage your data Monitor progress daily Engender internal motivation in your team Manage your resources wisely and prudently

81. ‹#› Feasibility Feasibility is a process to analyze and evaluate a proposed project to determine the below mentioned things Technically Feasibility Feasibility within the estimated cost Profitability

82. ‹#› Feasibility Do you think English is phonetic Technical Feasibility Cultural Feasibility Legal/Ethical Feasibility Operational Feasibility Marketing Feasibility Economic Feasibility Schedule Feasibility Feasibility Studies

83. ‹#› Legal Formalities Do you think English is phonetic Register a business name Federal tax requirements State and local tax requirements Obtain business permits and licenses Follow business laws and regulations

84. ‹#› Investment procedure – Loan procurement – Banking processes Do you think English is phonetic Availing government loans for small scale businesses is quite easy Since most government loans are dispensed through banks and financial institutions, you can directly approach them to avail loans You can visit the nearest branch of the bank or financial institution or financial institution who will guide you on the loan application process

85. ‹#› Productivity Entrepreneurship is an important driver of economic growth, employment and innovation and productivity

86. ‹#› Introduction to Productivity

87. ‹#› Productivity - Definition Do you think English is phonetic Productivity describes various measures of the efficiency of production The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input

88. ‹#› Productivity - Necessity Do you think English is phonetic Increases in output can only be due to increases in the inputs to the production process, or to the efficiency with which they are used Productivity growth is our opportunity to increase output without increasing inputs and incurring these costs

89. ‹#› Productivity - Necessity Do you think English is phonetic With growth in productivity, an economy is able to produce – and consume – increasingly more goods and services for the same amount of work Productivity growth is our opportunity to increase output without increasing inputs and incurring these costs

90. ‹#› Productivity - Necessity Do you think English is phonetic Productivity growth is important to the firm because it means that it can meet its obligations to workers, shareholders, and governments, and still remain competitive or even improve its competitiveness in the market place A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker

91. ‹#› GDP - Meaning Do you think English is phonetic Gross Domestic Product (GDP) is an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production and services (plus any taxes and minus any subsidies, on products not included in the value of their outputs)

92. ‹#› Affecting Factors

93. ‹#› Factors that Affect Productivity Do you think English is phonetic Productivity Management Factors Government factors Location Factors Technical Factors Production Factors Organizational Factors Personnel Factors Finance Factors

94. ‹#› Comparative Productivity in Developed Countries

95. ‹#› Comparative Productivity in Developed Countries Manufacturing For manufacturing, there are marked differences in comparisons based on output per worker and those based on output per hour worked. This reflects wide differences in average hours worked in manufacturing, with UK manufacturing workers putting in around 20% more hours on average than their French and German counterparts, but around 12% fewer hours than US manufacturing workers Germany German output in per hour manufacturing is estimated to be 24% above the UK France The United States French manufacturing output is per hour 18% higher US maufacturing output is per hour 45% higher

96. ‹#› A research found that if construction productivity were to catch up with that of the total economy—and it can—the sector’s value added would increase by an estimated $1.6 trillion, adding about 2 percent to the global economy. Such a gain is equivalent to about half of the world’s annual infrastructure need Comparative Productivity in Developed Countries Construction

97. ‹#› Standards of living are usually higher in developed countries such as the United States.. In fact, basic measures of the standard of living (such as per capita GDP). A standard of living is the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area. The standard of living includes basic material factors such as income, gross domestic product (GDP), life expectancy, and economic opportunity. The standard of living is closely related to quality of life, which can also include factors such as economic and political stability, political and religious freedom, environmental quality, climate, and safety A few countries with the highest quality of life below: Netherlands — 88.65. ... Norway — 88.70. ... Sweden — 88.80. ... Switzerland — 88.87. ... Australia — 89.13. ... Denmark — 89.39. ... Canada — 89.49. ... Finland — 90.09. Everyone says Scandinavian nations have the highest standard of living, and now Finland has made it official Comparative Productivity in Developed Countries Living Standards

98. ‹#› Personal Finance Management Having personal finances in order is a pre requisite for being an entrepreneur

99. ‹#› Banking Process Do you think English is phonetic There are bank tools that help you to meet your financial goals. Personal financial management software simplifies and visualizes your financial data. PFM banking software makes it simple to track expenses and goal progress so you can stay organized and on-track for life’s biggest financial challenges. Through PFM dashboard, you can: Improve financial behavior by setting and managing budgets Track progress on financial goals and milestones Visualize financial health at any given time Automate personal notifications to manage overspending

100. ‹#› Personal Finance Do you think English is phonetic Personal Finance Income Spending Saving Investing Protection

101. ‹#› What is Personal Finance? Do you think English is phonetic Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing and protection The process of managing one’s personal finances can be summarized in a budget or financial plan

102. ‹#› Handling ATM Do you think English is phonetic Starting the process Completing transactions Ending your session

103. ‹#› Handling ATM Do you think English is phonetic #1. Starting the Process Practice basic safety procedures Insert your debit card into the ATM Try to use ATMs and debit cards that are issued by the same bank Select your language Enter your PIN when prompted

104. ‹#› Handling ATM Do you think English is phonetic #2. Completing Transactions Withdraw money Deposit money Check your account balance Transfer money or make payments

105. ‹#› Handling ATM Do you think English is phonetic #3. Ending your Session Follow the prompts to end your session Don’t forget to take your card and money Switch to mobile banking

106. ‹#› KYC Registration Process Do you think English is phonetic Step 1 Download KYC form from any of the AMC’s website Visit ‘downloads’ section of http://www.cvlindia.com/ Take a print out of the KYC application form for individual (for fresh KYC)

107. ‹#› KYC Registration Process Do you think English is phonetic Step 2 Fill in the form as instructed Provide self attested copies of the documents and carry originals for in-person verification Proof of identity Proof of address PAN Card Photograph

108. ‹#› KYC Registration Process Do you think English is phonetic Step 3 Submit the duly filled and attested form to either AMC with which you wish to invest Or registered transfer agent There are no fees for KYC registration

109. ‹#› Safe Cash Handling Do you think English is phonetic Organization is key to effective cash handling Keep an eye on your cash Keep improving

110. ‹#› Safe Cash Handling Do you think English is phonetic Enforce policies and procedures Keep less cash in hand Maintain a schedule Ask for help to manage cash

111. ‹#› Personal Risk and Insurance Do you think English is phonetic Personal risk insurances provide a financial benefit in the event of you suffering a serious injury or illness, or death for you and your dependants. You and your dependents rely on your income to meet day-to-day living expenses, their lifetime expectations and to meet the major expenses that are part of your standard of living. If you are unable to work, you may also have to pay for the things you now do for your family.

112. ‹#› Personal Risk and Insurance Life Insurance Term Insurance Endowment Whole of Life Critical Illness Total and Permanent Disability Disability Income Home Loan Insurance Business Insurance

113. ‹#› Labor Welfare Acts Labor welfare acts to empower the entrepreneurs

114. ‹#› Labor Welfare Fund Act Do you think English is phonetic It is the provision of the government to ensure some basic and necessary services amenities and facilities to the workers

115. ‹#› Labor Welfare Fund Act Do you think English is phonetic This act is to ensure the better life and standard of living of the employees

116. ‹#› The Factories Act, 1948 - Benefits Do you think English is phonetic Working Hours Health Safety Welfare

117. ‹#› Apprenticeship Act, 1961 - Benefits Do you think English is phonetic Stipend Test and grant of Certificate Engagement of apprentices after training Age relaxation for recruitment

118. ‹#› Employees’ State Insurance Act, 1948 - Benefits Medical benefit Sickness benefit Maternity benefit Disablement benefit Dependents’ benefit

119. ‹#› The Payment of Wages Act, 1936 - Benefits Employer’s responsibility for payment of wages Fixation of wage period Time of payment of wages

120. ‹#› Employees Provident Fund Act, 1952 - Benefits Tax benefit Insurance benefit Pension benefit Premature withdrawal option Higher returns

121. ‹#› The Workmen’s Compensation Fund Act - Benefits Medical benefits Disability/ Indemnity benefits Death benefits