final presentation pom
DESCRIPTION
Principles Of ManagementTRANSCRIPT
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PRINCIPLESOF
MANAGEMENT- SUPRIYA MA’AM
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BUSINESS PLANNING
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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
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AUTOMOBILESDEALERS OF TWO WHEELERS
AND FOUR WHEELERS *
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About Our Company…
Price: Affordable Price
Product: Quality & Best Product
Promotion: Easy tactics to achieve business goals
Placement: Valuable Placements
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About Our Company…
Price: Affordable Price
Product: Quality & Best Product
Promotion: Easy tactics to achieve business goals
Placement: Valuable Placements
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About Our Company…
Price: Affordable Price
Product: Quality & Best Product
Promotion: Easy tactics to achieve business goals
Placement: Valuable Placements
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About Our Company…
Price: Affordable Price
Product: Quality & Best Product
Promotion: Easy tactics to achieve business goals
Placement: Valuable Placements
![Page 9: Final Presentation POM](https://reader036.vdocument.in/reader036/viewer/2022081512/55cf9031550346703ba3bbd4/html5/thumbnails/9.jpg)
About Our Company…
Price: Affordable Price
Product: Quality & Best Product
Promotion: Easy tactics to achieve business goals
Placement: Valuable Placements
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Finance Required To Commence A Business…
Capital Costs
Recurring Costs
Marketing Costs
Staff & Administrative Cost
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Setting up Showroom: Overview Thinking About Setting up Showroom
Starting the Business Day-to-day operations
» Marketing» Sales» Finance» Tools & Technology» Time Management
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Setting up Showroom: Overview Thinking About Setting up Showroom
Starting the Business Day-to-day operations
» Marketing» Sales» Finance» Tools & Technology» Time Management
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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?
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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?
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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?
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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?
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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?
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Setting up Showroom: Overview Thinking About Setting up Showroom
Starting the Business Day-to-day operations
» Marketing» Sales» Finance» Tools & Technology» Time Management
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Starting the Business: Keeping it Separate… Personal Business
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Starting the Business: Keeping it Separate… Personal
Bank Account Business
Bank Accounts
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Starting the Business: Keeping it Separate… Personal
Bank AccountCredit Card
Business
Bank AccountsCredit Card
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Starting the Business: Keeping it Separate… Personal
Bank AccountCredit CardPhone
Business
Bank AccountsCredit CardPhone/Fax/
Internet
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Starting the Business: Keeping it Separate… Personal
Bank AccountCredit CardPhoneUtilities
Business
Bank AccountsCredit CardPhone/Fax/
InternetUtilities
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Starting the Business: Keeping it Separate… Personal
Bank AccountCredit CardPhoneUtilitiesOther Expenses
Business
Bank AccountsCredit CardPhone/Fax/
InternetUtilitiesOther ExpensesoHealth InsuranceoAdvertising/
PrintingoTraveloProfessional
Development
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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
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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
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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
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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
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Building A Budget…
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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
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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
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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
![Page 33: Final Presentation POM](https://reader036.vdocument.in/reader036/viewer/2022081512/55cf9031550346703ba3bbd4/html5/thumbnails/33.jpg)
Setting up Showroom: Overview Thinking About Setting up Showroom
Starting the Business Day-to-day operations
» Marketing» Sales» Finance» Tools & Technology» Time Management
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Marketing…
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Marketing…
Portfolio (traditional or digital)
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Marketing…
Portfolio (traditional or digital) Networking and Referals
o Conferences and Tradeshows
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Marketing…
Portfolio (traditional or digital) Networking and Referals
o Conferences and Tradeshows Advertising: Directories/SourceBooks
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Marketing…
Portfolio (traditional or digital) Networking and Referals
o Conferences and Tradeshows Advertising: Directories/SourceBooks Artist Reps
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Marketing…
Portfolio (traditional or digital) Networking and Referals
o Conferences and Tradeshows Advertising: Directories/SourceBooks Artist Reps Direct Marketing
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Marketing…
Portfolio (traditional or digital) Networking and Referals
o Conferences and Tradeshows Advertising: Directories/SourceBooks Artist Reps Direct Marketing Cold Calling
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Sales - Dealing with clients…
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Sales - Dealing with clients…
Finding your price
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Sales - Dealing with clients…
Finding your price Estimates and proposals
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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
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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
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Finance…
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Finance…
Methods Of Financing
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Finance…
Methods Of Financing»Personal funds
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Finance…
Methods Of Financing»Personal funds»Family/ friend loans and gifts
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Finance…
Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor
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Finance…
Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital
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Finance…
Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital»Grants
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Finance…
Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital»Grants»Personal loan
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Finance…
Methods Of Financing»Personal funds»Family/ friend loans and gifts»Investor»Venture capital»Grants»Personal loan»Business loan
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Managing Your Time…
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Managing Your Time…
Hours spent» Drawing/Production» Sales, Marketing, Customer Focus
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Managing Your Time…
Hours spent» Drawing/Production» Sales, Marketing, Customer Focus
Outsourcing
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Managing Your Time…
Hours spent» Drawing/Production» Sales, Marketing, Customer Focus
Outsourcing Patience: Problems never go away,
they just change
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Managing Your Time…
Hours spent» Drawing/Production» Sales, Marketing, Customer Focus
Outsourcing Patience: Problems never go away,
they just change Risk Management
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Managing Your Time…
Hours spent» Drawing/Production» Sales, Marketing, Customer Focus
Outsourcing Patience: Problems never go away,
they just change Risk Management
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Risk Management…
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Risk Management…
Good management practice
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Risk Management…
Good management practice A logical and systematic approach
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Risk Management…
Good management practice A logical and systematic approach Avoiding or minimising losses
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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.
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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.
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Risk Management…
The basic process steps of Risk Management are:
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Risk Management…
The basic process steps of Risk Management are:Establish the context
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Risk Management…
The basic process steps of Risk Management are:Establish the context
Identify the risks
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Risk Management…
The basic process steps of Risk Management are:Establish the context
Identify the risks
Analyse the risks
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Risk Management…
The basic process steps of Risk Management are:Establish the context
Identify the risks
Analyse the risks
Evaluate the risks
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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
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PRESENTED BY Group I : Aadit Khona
Anand KonarChintan AlmaleKunal GAITONDENikhil SawantPankaj Gupta
Rahul MahimkarRupesh
GOKHALE
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Thank You...