It should cover the aspects like:
(i) Non-recurring cost such as land and building, plant and machinery, etc.
(ii) Recurring expenses like Wages, salaries and overheads, etc.
(iii) Probable cost of production.
(iv) Profit on expected sales.

(i) Entrepreneur has to obtain Municipal License from the authority concerned.
(ii) Then the Entrepreneur has to register the unit with the central and sales Tax Department.
(iii) If a unit comes within the provisions of Factories Act, he/she to register it with inspector of factories or it has register the unit under the shops and establishment Act.

(i) Entrepreneur has to determine the source of finance for funding the venture.
(ii) He/she may mobilise funds from his own savings loans from friends and relatives, term loans from banks and financial institutions.

(i) Statutory License: Entrepreneur has to obtain Municipal License from the authority. concerned. Then the Entrepreneur has to register the unit with the Central and Sales Tax Department.
(ii) Power Connection: Entrepreneur has to make application to Assistant Divisional Engineer of State Electricity Board for power connection after paying Security Deposit and fulfilling the official formalities prescribed.

Entrepreneur has to make application to Assistant Divisional engineer of State Electricity Board for power connection after paying a security deposit and fulfilling the official formalities prescribed.