Download - Final Presentation POM
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...