PRINCIPLESOF

MANAGEMENT- SUPRIYA MA’AM

BUSINESS PLANNING

The Business Plan Meaning :

A “business plan” is a roadmap that describes where you’re going and how you’re going to get there

A guide to achieving your goals

A document that helps employees understand the company mission

AUTOMOBILESDEALERS OF TWO WHEELERS

AND FOUR WHEELERS *

About Our Company…

Price: Affordable Price

Product: Quality & Best Product

Promotion: Easy tactics to achieve business goals

Placement: Valuable Placements

About Our Company…

Price: Affordable Price

Product: Quality & Best Product

Promotion: Easy tactics to achieve business goals

Placement: Valuable Placements

About Our Company…

Price: Affordable Price

Product: Quality & Best Product

Promotion: Easy tactics to achieve business goals

Placement: Valuable Placements

About Our Company…

Price: Affordable Price

Product: Quality & Best Product

Promotion: Easy tactics to achieve business goals

Placement: Valuable Placements

About Our Company…

Price: Affordable Price

Product: Quality & Best Product

Promotion: Easy tactics to achieve business goals

Placement: Valuable Placements

Finance Required To Commence A Business…

Capital Costs

Recurring Costs

Marketing Costs

Staff & Administrative Cost

Setting up Showroom: Overview Thinking About Setting up Showroom

Starting the Business Day-to-day operations

» Marketing» Sales» Finance» Tools & Technology» Time Management

Setting up Showroom: Overview Thinking About Setting up Showroom

Starting the Business Day-to-day operations

» Marketing» Sales» Finance» Tools & Technology» Time Management

Thinking About Setting Up Showroom… Working for yourself:

» covering your worth and overhead What about you and your business is

unique?» subject-matter» media

Who are your clients/prospects?» Local market» National market

Who will you be competing with?

Thinking About Setting Up Showroom… Working for yourself:

» covering your worth and overhead What about you and your business is

unique?» subject-matter» media

Who are your clients/prospects?» Local market» National market

Who will you be competing with?

Thinking About Setting Up Showroom… Working for yourself:

» covering your worth and overhead What about you and your business is

unique?» subject-matter» media

Who are your clients/prospects?» Local market» National market

Who will you be competing with?

Thinking About Setting Up Showroom… Working for yourself:

» covering your worth and overhead What about you and your business is

unique?» subject-matter» media

Who are your clients/prospects?» Local market» National market

Who will you be competing with?

Thinking About Setting Up Showroom… Working for yourself:

» covering your worth and overhead What about you and your business is

unique?» subject-matter» media

Who are your clients/prospects?» Local market» National market

Who will you be competing with?

Setting up Showroom: Overview Thinking About Setting up Showroom

Starting the Business Day-to-day operations

» Marketing» Sales» Finance» Tools & Technology» Time Management

Starting the Business: Keeping it Separate… Personal Business

Starting the Business: Keeping it Separate… Personal

Bank Account Business

Bank Accounts

Starting the Business: Keeping it Separate… Personal

Bank AccountCredit Card

Business

Bank AccountsCredit Card

Starting the Business: Keeping it Separate… Personal

Bank AccountCredit CardPhone

Business

Bank AccountsCredit CardPhone/Fax/

Internet

Starting the Business: Keeping it Separate… Personal

Bank AccountCredit CardPhoneUtilities

Business

Bank AccountsCredit CardPhone/Fax/

InternetUtilities

Starting the Business: Keeping it Separate… Personal

Bank AccountCredit CardPhoneUtilitiesOther Expenses

Business

Bank AccountsCredit CardPhone/Fax/

InternetUtilitiesOther ExpensesoHealth InsuranceoAdvertising/

PrintingoTraveloProfessional

Development

Starting the Business… Incorporating

» Sole proprietorship, Partnership & LLC

Building a Budget - planning your year/quarter/month

Setting up at home or studio? Finding the right people

» Accountants» Banks & Credit Cards (Business vs. Personal)

» Lawyers» Certifications

Starting the Business… Incorporating

» Sole proprietorship, Partnership & LLC

Building a Budget - planning your year/quarter/month

Setting up at home or studio? Finding the right people

» Accountants» Banks & Credit Cards (Business vs. Personal)

» Lawyers» Certifications

Incorporating at a Glance…

Sole Proprietorship

Partnership LLC* (Limited Liability Company)

Liability protection No No Yes

#Owners 1 2+ 2+

How income is taxed

Personal Partners personal Personal Or Partners personal

Written Agreement No Voluntary Yes

Special allocation of income/expenses among owners?

N/A Yes Yes

Starting the Business… Incorporating

» Sole proprietorship, Partnership & LLC

Building a Budget - planning your year/quarter/month

Setting up at home or studio? Finding the right people

» Accountants» Banks & Credit Cards (Business vs. Personal)

» Lawyers» Certifications

Building A Budget…

Building A Budget…Jan Fe

bMar

Apr

May

Jun

Jul Aug

Sep

Oct

Nov

Dec

Est. Earning

4000

4000

5000

4000

4000

4000

2000

4000

4000

4000

2000

4000

Advt

900

0 0 0 0 250

0 0 0 250

0 0

Postage

20 20 20 20 20 100

20 20 20 100

20 20

Phone

100

100

100

100

100

100

100

100

100

100

100

100

Internet

50 50 50 50 50 50 50 50 50 50 50 50

Utilities

20 20 20 20 20 20 20 20 20 20 20 20

Art Supplie

s

20 20 20 20 20 300

20 20 20 20 20 20

Travel

40 200

40 40 40 40 700

40 40 40 40 40

Health

care

200

200

200

200

200

200

200

200

200

200

200

200

Rent

500

500

500

500

500

500

500

500

500

500

500

500

Total

(K’s)

2150k

3210k

4050k

3050k

3050k

2440k

390k

3050k

3050k

2720k

1050k

3050k

Taxable net income: 31260

Starting the Business… Incorporating

» Sole proprietorship, Partnership & LLC

Building a Budget - planning your year/quarter/month

Setting up at home or studio? Finding the right people

» Accountants» Banks & Credit Cards (Business vs. Personal)

» Lawyers» Certifications

Starting the Business… Incorporating

» Sole proprietorship, Partnership & LLC

Building a Budget - planning your year/quarter/month

Setting up at home or studio? Finding the right people

» Accountants» Banks & Credit Cards (Business vs. Personal)

» Lawyers» Certifications

Setting up Showroom: Overview Thinking About Setting up Showroom

Starting the Business Day-to-day operations

» Marketing» Sales» Finance» Tools & Technology» Time Management

Marketing…

Marketing…

Portfolio (traditional or digital)

Marketing…

Portfolio (traditional or digital) Networking and Referals

o Conferences and Tradeshows

Marketing…

Portfolio (traditional or digital) Networking and Referals

o Conferences and Tradeshows Advertising: Directories/SourceBooks

Marketing…

Portfolio (traditional or digital) Networking and Referals

o Conferences and Tradeshows Advertising: Directories/SourceBooks Artist Reps

Marketing…

Portfolio (traditional or digital) Networking and Referals

o Conferences and Tradeshows Advertising: Directories/SourceBooks Artist Reps Direct Marketing

Marketing…

Portfolio (traditional or digital) Networking and Referals

o Conferences and Tradeshows Advertising: Directories/SourceBooks Artist Reps Direct Marketing Cold Calling

Sales - Dealing with clients…

Sales - Dealing with clients…

Finding your price

Sales - Dealing with clients…

Finding your price Estimates and proposals

Sales - Dealing with clients…

Finding your price Estimates and proposals Contracts* and Copyrights

* Always come up with an agreement before you hit the drawing board

Sales - Dealing with clients…

Finding your price Estimates and proposals Contracts* and Copyrights Turning customers into referrals

* Always come up with an agreement before you hit the drawing board

Finance…

Finance…

Methods Of Financing

Finance…

Methods Of Financing»Personal funds

Finance…

Methods Of Financing»Personal funds»Family/ friend loans and gifts

Finance…

Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor

Finance…

Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital

Finance…

Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital»Grants

Finance…

Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital»Grants»Personal loan

Finance…

Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital»Grants»Personal loan»Business loan

Managing Your Time…

Managing Your Time…

Hours spent» Drawing/Production» Sales, Marketing, Customer Focus

Managing Your Time…

Hours spent» Drawing/Production» Sales, Marketing, Customer Focus

Outsourcing

Managing Your Time…

Hours spent» Drawing/Production» Sales, Marketing, Customer Focus

Outsourcing Patience: Problems never go away,

they just change

Managing Your Time…

Hours spent» Drawing/Production» Sales, Marketing, Customer Focus

Outsourcing Patience: Problems never go away,

they just change Risk Management

Managing Your Time…

Hours spent» Drawing/Production» Sales, Marketing, Customer Focus

Outsourcing Patience: Problems never go away,

they just change Risk Management

Risk Management…

Risk Management…

Good management practice

Risk Management…

Good management practice A logical and systematic approach

Risk Management…

Good management practice A logical and systematic approach Avoiding or minimising losses

Risk Management…

Good management practice A logical and systematic approach Avoiding or minimising losses

- Risk Management is a methodology that helps managers make best use of their available resources.

Risk Management…

Good management practice A logical and systematic approach Avoiding or minimising losses

- Risk Management is a methodology that helps managers make best use of their available resources.

- Risk Management is now an integral part of business planning.

Risk Management…

The basic process steps of Risk Management are:

Risk Management…

The basic process steps of Risk Management are:Establish the context

Risk Management…

The basic process steps of Risk Management are:Establish the context

Identify the risks

Risk Management…

The basic process steps of Risk Management are:Establish the context

Identify the risks

Analyse the risks

Risk Management…

The basic process steps of Risk Management are:Establish the context

Identify the risks

Analyse the risks

Evaluate the risks

Risk Management…

The basic process steps of Risk Management are:Establish the context

Identify the risks

Analyse the risks

Evaluate the risks

Treat the risks

PRESENTED BY Group I : Aadit Khona

Anand KonarChintan AlmaleKunal GAITONDENikhil SawantPankaj Gupta

Rahul MahimkarRupesh

GOKHALE

Thank You...