Review of Taxmann’s "Entrepreneurship & New Venture Planning – Comprehensive Guide"
Introduction
In recent years, the importance of entrepreneurship has surged, with a notable shift towards fostering innovation and empowering aspiring entrepreneurs. Recognizing this trend, Taxmann has published "Entrepreneurship & New Venture Planning – Comprehensive Guide," a well-structured and comprehensive resource tailored for educators, students, and budding entrepreneurs alike. This guide encompasses various dimensions of entrepreneurship, including practical aspects of venture planning, in-depth case studies, and a focus on policy reviews within the context of the startup ecosystem.
Content Overview
This comprehensive guide is divided into several key sections, making it not only informative but also easy to navigate. Each section is rich in content, focusing on crucial elements of entrepreneurship and venture planning:
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Case Studies: The inclusion of diverse case studies adds significant value to the guide. These real-life examples illustrate the challenges and successes faced by entrepreneurs across various industries. Each case study provides critical insights into decision-making processes, strategic planning, and operational execution. The analyses encourage readers to think critically about the factors contributing to entrepreneurial success.
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Business Plan Competitions: The guide dedicates a substantial section to business plan competitions, outlining the importance of these events in nurturing innovative ideas and fostering entrepreneurial spirit. It provides practical tips for participants on how to craft effective business plans that capture the essence of their ventures. The guides on pitching and presenting business ideas are particularly useful for those looking to secure funding or support.
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Policy Reviews: Understanding the regulatory environment is essential for any new venture. The policy reviews integrated within the guide offer insights into the governmental landscape relevant to startups, covering topics such as funding opportunities, tax benefits, and regulatory challenges. This section serves as a valuable resource for entrepreneurs aiming to navigate the complexities of the business environment in which they operate.
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Innovation & Startup Ecosystem Focus: The guide gives special attention to the innovation ecosystem and outlines the roles played by various stakeholders, including incubators, accelerators, and venture capitalists. It explores how these entities contribute to the growth of startups and discusses best practices for leveraging these resources to maximize entrepreneurial potential.
- UGCF & NEP: The guide also delves into the National Education Policy (NEP) and the Unleashing Growth through Competitiveness Framework (UGCF) initiatives. It examines how educational reforms can better equip students with the entrepreneurial skills and mindset necessary for the rapidly changing economic landscape. This focus on education aligns with broader goals of stimulating entrepreneurship among youth and enhancing the overall ecosystem.
Strengths
One of the standout features of "Entrepreneurship & New Venture Planning" is its interdisciplinary approach. By integrating theoretical knowledge with practical applications, the guide serves as both an academic textbook and a pragmatic resource. The combination of case studies and policy discussions not only broadens the reader’s understanding but also emphasizes the interconnectedness of various entrepreneurial elements.
Further, the guide’s structure allows for easy reference, making it a practical companion for both students and educators. Its comprehensive nature means it can be utilized in various educational settings or entrepreneurial workshops.
Areas for Improvement
While the guide offers an extensive range of information, readers may benefit from additional interactive elements, such as templates for business plans or checklists for venture planning. Incorporating these tools would further enhance its usability, enabling users to apply the concepts directly to their entrepreneurial endeavors.
Conclusion
Overall, Taxmann’s "Entrepreneurship & New Venture Planning – Comprehensive Guide" is a significant contribution to the field of entrepreneurship education. It successfully bridges the gap between theoretical frameworks and real-world applications, making it an essential read for aspiring entrepreneurs, students, and educators alike. With its thorough exploration of case studies, policy frameworks, and practical planning insights, this guide not only informs but also inspires the next generation of entrepreneurs to innovate and thrive in an ever-evolving business landscape.
Price: ₹495 - ₹461.00
(as of Mar 27, 2025 17:02:15 UTC – Details)
This book is a comprehensive roadmap for anyone who hopes to harness creativity, passion, and hard work to create something truly impactful. Designed around the new National Education Policy (NEP-2020) and the Undergraduate Curriculum Framework (UGCF-2022), this text offers students an in-depth understanding of what entrepreneurship entails—its theories, challenges, and, most importantly, its potential for individual and societal transformation.
The principal aim of this book is two-fold. First, it empowers readers with the knowledge of entrepreneurship as both a theoretical discipline and a practical craft. Whether you’re a student contemplating your first venture or a budding innovator with a million-dollar idea, this book’s foundational concepts, case studies, and frameworks will illuminate the path forward. Second, it offers inspiration, showcasing how ordinary individuals have built extraordinary businesses by channelling creativity and resilience.
Entrepreneurship isn’t limited to starting a small store or launching a cutting-edge tech platform—it is a mindset. The ability to see opportunities where others see barriers sets the entrepreneur apart. Through real-world examples, this book underscores how entrepreneurs: Identify and fulfil unmet needs in the market Provide novel goods and services that reshape customer experiencesGenerate employment on scales large and small, thereby contributing to overall economic growth
While primarily meant for undergraduate students of commerce and entrepreneurship, Entrepreneurship and New Venture Planning is also a valuable resource for:Aspiring entrepreneurs who seek structured knowledge before jumping into the exciting yet challenging journey of setting up a businessFamily business owners aiming to adapt modern frameworks to traditional enterprisesCorporate intrapreneurs working in established companies and looking to drive innovation from withinEducators and mentors guiding the next generation of founders and innovators
The Present Publication is the 1st Edition, authored by Dr Vandana Jain, with the following noteworthy features:[Comprehensive Coverage] Aligned with UGCF-2022, each chapter discusses the key dimension of entrepreneurship—from conceptual foundations to resource mobilisation, marketing, and governmental initiatives[Clarity and Precision] Complex theories and definitions are explained succinctly, ensuring even novices can grasp the fundamental concepts quickly[Chapter Schemes and Summaries] Each unit opens with a clear overview of its contents and closes with concise revision points so readers can track their progress[Practical Exercises and Case Studies] Beyond theory, the book encourages a hands-on approach:
o Scenario Analyses– Explore varied entrepreneurship case studies—an essential method to understand market dynamics, decision-making dilemmas, and leadership styles
o Business Plan Competition – Enables students to design a complete plan, identify alternative funding avenues, and assess scalability
o Government Policy Review – Analyses startup initiatives like ‘Make in India,’ ‘Startup India,’ and other schemes that have revolutionised India’s entrepreneurial landscape[Focus on Innovation and Startup Ecosystem] India’s rise as a global startup hub underscores the timeliness of this text. Technological advancements, governmental support, and a surge of innovative ideas call for well-informed entrepreneurs who can seize new opportunities. This book thus meets a critical need by:
o Equipping students with the vision and skills to navigate a rapidly changing business environment
o Offering frameworks and resources to transform a raw idea into a sustainable enterprise
o Enabling learners to identify and mitigate risks, thus reducing the gap between dreams and action
The chapter-wise overview of the book is as follows:Unit 1 – Introduction
o Establishes the foundations of entrepreneurship, entrepreneurial mindset, and the entrepreneur’s role in economic development
o Explores classic theories of entrepreneurship and clarifies how creativity and innovation set entrepreneurs apart from conventional managersUnit 2 – Types of Entrepreneurs
o Discusses different entrepreneurial archetypes: women entrepreneurs, social entrepreneurs, corporate entrepreneurs, etc.
o Explores the nuances of family businesses in India, drawing attention to their cultural significance and longevityUnit 3 – Business Plan
o Guides readers through generating and scaling innovative business ideas.
o Highlights the critical nature of creativity and innovation in shaping business ventures
o Offers detailed insights into writing impactful business plans and discusses the factors that can lead to their success—or failureUnit 4 – Mobilising Resources
o Focuses on the financial and infrastructural backbone of a venture, from drafting a funding proposal to approaching angel investors and venture capitalists
o Covers practical challenges such as resource constraints, contractual formalities, and incubator supportUnit 5 – Managerial Aspects of Business and Government Initiatives
o Explains how to manage finance, marketing, human resources, and operations in a new venture
o Examines the Government of India’s promotional schemes, showcasing how startups can leverage public support to thrive in competitive markets
From the Publisher
Publisher : Taxmann Publications Private Limited (13 January 2025); Taxmann Publications Private Limited, 59/32, New Rohtak Road, New Delhi-110005, Email Id: sales@taxmann.com, Phone Number: 011-45562222
Language : English
Paperback : 328 pages
ISBN-10 : 9364557492
ISBN-13 : 978-9364557498
Item Weight : 400 g
Dimensions : 27.9 x 25.4 x 2.5 cm
Country of Origin : India
Net Quantity : 1 Count
Packer : Taxmann Publications Private Limited, 59/32, New Rohtak Road, New Delhi-110005, Email Id: sales@taxmann.com, Phone Number: 011-45562222
Generic Name : B Com 2025 Books, B Com Hons Books, UGCF Books, Delhi University books, Undergraduate Courses Books
