PRINCIPLES

OF
MANAGEMENT
- SUPRIYA MAAM

BUSINESS
PLANNING

The Business Plan Meaning :

A business plan is a roadmap that
describes where youre going and how
youre going to get there
A guide to achieving your goals
A document that helps employees
understand the company mission

AUTOMOBIL
ES
DEALERS 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 Account
Credit Card

Business

Bank Accounts
Credit Card

Starting the Business: Keeping

it Separate
Personal

Bank Account
Credit Card
Phone

Business

Bank Accounts
Credit Card
Phone/Fax/Internet

Starting the Business: Keeping

it Separate
Personal

Bank Account
Credit Card
Phone
Utilities

Business

Bank Accounts
Credit Card
Phone/Fax/Internet
Utilities

Starting the Business: Keeping

it Separate
Personal

Bank Account
Credit Card
Phone
Utilities
Other Expenses

Business

Bank Accounts
Credit Card
Phone/Fax/Internet
Utilities
Other Expenses
o Health Insurance
o Advertising/Printing
o Travel
o Professional
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

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 Feb Mar Apr

Ma Jun

Jul

y
Est.
Earni

Au

Se

Oct

No

De

400 400 500 400 400 400 200 400 400 400 200 400
0

Advt

900

250

250

Post

20

20

20

20

20

100

20

20

20

100

20

20

ng

age
Phon
e
Inter
net
Utiliti

100 100 100 100 100 100 100 100 100 100 100 100
50

50

50

50

50

50

50

50

50

50

50

50

20

20

20

20

20

20

20 Taxable
20 20
20 2031260
20
net income:

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 Konar
Chintan Almale
Kunal GAITONDE
Nikhil Sawant
Pankaj Gupta
Rahul Mahimkar
Rupesh

Thank
You...