Officials along with the participants during the “Enterprise Readiness Support Workshop 2.0” programme held at the VCC and VDB Association Complex in Longleng on May 9.
Longleng, May 10 (MExN): The Nagaland Skill & Entrepreneurship Development Mission (NSEDM), under the Investment and Development Authority of Nagaland (IDAN), conducted the “Enterprise Readiness Support Workshop 2.0,” a two-day programme held on May 8 and 9 at the VCC and VDB Association Complex in Longleng.
The workshop was organised to strengthen enterprise capabilities among micro business owners and aspiring entrepreneurs in the district.
Delivering the opening remarks, Imkongnukla Ao, EAC Longleng, emphasised the importance of entrepreneurship as a pathway for economic growth and encouraged participants to build confidence in pursuing enterprise opportunities. She also stressed the importance of changing one’s mindset and being more open-minded.
Ao further urged participants to take initiative by stepping forward, seeking opportunities, and becoming more proactive and aware in improving their future prospects.
The workshop covered a structured set of themes designed to build both foundational understanding and practical skills in enterprise development. Sessions on Enterprise Readiness and Compliances focused on business ownership, entrepreneurial mindset, and understanding the distinction between success and failure, while also addressing common myths surrounding entrepreneurship.
Participants were introduced to key compliance requirements, including business registrations, licensing, taxation, basic GST calculation, banking practices, employee-related aspects and pitch deck preparation. A separate session on Understanding Enterprise Structure provided insights into organising and structuring businesses effectively.
The session on Going Digital highlighted the importance of leveraging digital tools and platforms for business growth, including the use of social media, online payment systems and digital communication channels. The session also focused on the role of mobile technology in marketing, the importance of maintaining consistency in digital presence, and the need to build trust and effective communication with customers.
Another session on Credit Linkages focused on the Chief Minister’s Micro Finance Initiative (CMMFI), covering eligibility criteria, documentation requirements, business planning, preparation of Detailed Project Reports (DPRs), subsidy structure and loan repayment mechanisms. Participants were also guided on various types of loans and the importance of accurate documentation and planning.
On the second day, sessions on Business Operations and Risk Management, and Understanding Cost and Financial Awareness covered unit economics, identification of fixed and variable costs, preparation of invoice templates, use of accounting tools and best banking practices.
Further sessions addressed loan processes and banking norms, including eligibility criteria, documentation procedures, verification mechanisms and financing options available for enterprises. The Growth Strategy session focused on developing structured and practical approaches for scaling enterprises through roadmap-based planning.
The workshop concluded with participants presenting their business ideas through pitch decks and presentations, followed by a certification ceremony for those who completed the programme.
According to the organisers, the programme provided participants with a comprehensive understanding of enterprise development and equipped them with practical knowledge and tools to start, manage and grow businesses in a structured and sustainable manner.
