How to plan for start-up and legal & Ethical steps

On 20.03.2024 a session on "Session on "How to plan for start-up and legal & Ethical steps" was organized by the Entrepreneurship Development Cell and IIC in association with the Department of Computer Science and Business Systems. The session was handled by Ms.Agnes Joshy S , Assistant Professor, Department of Information Technology, Francis Xavier Engineering College, Vannarpettai , from 01.30 PM - 04.05 PM. 48 students and 2 faculties participated in the program. This event was coordinated by A.Arthy AP/CSBS.

The program started with the welcome address and introduced the guest speaker. The speaker started the speech by explaining about starting a new business venture and the legal and ethical aspects to ensure its success and sustainability. She discussed about Start-up Landscape by providing the participants with an overview of the start-up ecosystem which include the current trends, challenges, and opportunities. She discussed different types of start-ups (e.g., tech, social, service-based) and their unique planning requirements which enable the participants to identify their niche and target market for better planning. She explained the ways for drafting a Comprehensive Business Plan. The guest speaker guided the participants through the process of creating a well-structured business plan for their start-up which emphasize the importance of defining clear goals, objectives, and strategies to achieve sustainable growth.

She discussed that the business plan can help the participants to the identify potential funding sources and outline financial projections. She also highlighted the legal formalities while developing the startups such as registration and licensing procedures which are required to operate legally in their specific industry and location. Moreover, she explained the importance of protecting the intellectual property rights. She discussed the ethical challenges such as data privacy, transparency, and responsible marketing. At last she encourage the participants to incorporate ethical principles into their business model and company culture.

The students left the session with a renewed sense of purpose, armed with valuable insights that will undoubtedly shape their entrepreneurial journeys. This session served as a testament to the limitless possibilities that lie ahead for those who dare to dream and work tirelessly to turn those dreams into reality.