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Frequently Asked Questions
Q.1 Who is an Entrepreneur?
Someone who recognises creative opportunity (ies), generate innovative idea(s), takes initiative, and aims for exponential growth in business.
Q.2 What is Entrepreneurship?
It is defined as the “pursuit of opportunity beyond the resources currently controlled by an individual”. In simple words, it is recognized as “An art or science of innovation and risk-taking for profit making in business.
Q.3 What is meant by Small scale business?
Employees: less than 15 in retailing/service sector and less than 75 in manufacturing sector. Assets excluding land and building; less than 25 million Rupees. Annual sales less than 150 million.
Q.4 What is meant by Medium Scale business?
Employees: 15-50 in retailing/service sector and 75-250 in manufacturing sector. Assets excluding land and building; between 25-50 million Rupees. Annual sales between 150-300 million Rupees.
Q.5 What is meant by Large Scale business?
Employees: more than 50 in retailing/service sector and more than 250 in manufacturing sector. Assets excluding land and building; greater than 50 million Rupees. Annual sales more than 300 million Rupees.
Q.6 Who are Manufacturing Entrepreneurs?
The one who uses the machine, tools and labor to make things for use or sale.
Q.7 Who are Service Entrepreneurs?
The entrepreneurs who are engaged in facilitating the human beings through non-physical products such as lawyers, hospitals, education institutes, tailors, dry cleaners etc.
Q.8 Who are Retail Entrepreneurs?
The entrepreneurs who are directly dealing with end users; like corner stores, restaurants, bakeries, garments etc.
Q.9 Who is Women Entrepreneur?
The woman who has her own business 50% shares of a business.
Q.10 Who are Young Entrepreneurs?
Young entrepreneurs are the entrepreneurs who have established their business in an early age and now are running it successfully. Their age till date should not be more than 28 years.
Q.11 What is the procedure for awards?
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Q.12 What is the procedure for awards?
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Q.13 What is the due date of form submission?
The due date of form submission is March 29, 2010.
Q.14 Why is fundraising necessary?
Chaudhry Muhammad Akram Center for Entrepreneurship Development has initiated a noble cause of developing economically Superior Pakistan; the philosophy behind fund raising is that “together we can achieve more”.
Q.15 What is red carpet dinner?
The cream from the corporate and social sector will be present on April 10, 2010 on the auspicious occasion at grand dinner, called red carpet dinner.
Q.16 What is the timings of the event?
Event timings is April 10, 2010; from 07:00 pm - 11:00 pm.
Q.17 Where are the forms available and where to submit?
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Q.18 Can CED provide financing for business / project?
Yes, a business competition is going to be held on July 31, 2010 and center will finance the best business idea amounting from 100,000 to 10,000,000 Rupees.
Q.19 What services are offered by CED?
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Q.20 Are these services available to everyone?
These services are available to everyone whoever wants to become an entrepreneur.
Q.21 Is it necessary to take an appointment before coming to CED`s office?
We advise you to take an appointment before coming to CED`s office in order to save your priceless time.
Q.22 What modes can be used to approach CED?
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