Business planning ppt bec bagalkot mba
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Transcript of Business planning ppt bec bagalkot mba
BUSINESS PLANNING
PRESENTED BY :-BABASAB PATIL
BUSINESS PLANNING
(M.B.P)
CONTENTS
Introduction
Being aware of opportunities (SWOT)
Setting objectives or goals
Indentifying alternatives
Evaluating Alternatives
Selecting an alternative
Formulating Supportive Plan
Numberising Plans By Making Budget
Planning Definition:
Planning is a particular type of decision making that addresses the specific future that manager desire for their organizations.
Planning is the first managerial function to be performed in the process of management.
Importance of Planning:
• It offsets future uncertainty and change.• It tackles increasing complexity in modern business.• It helps in co-ordination.• It helps in exercising effective control. • It helps in the proper utilization of the company’s
resources.
Cont…
• It facilitates unity of action.• It helps in avoiding business failures.• Focuses attention on organization’s goals.• Improves competitive strength.• Improves adaptability.• Guides decision-making
Introduction
Business plans can help to perform a number of tasks. They are used by investment-seeking entrepreneurs to convey their vision to potential investors. They may a be also used by firms that are trying to attract key employees, prospect for a new business, deal with suppliers or simply to understand how to manage their companies better.
Environment scanning
To start our new business we selected Navanagar, i.e.
near by Akshay International Lodge and restaurant,
Vidyagiri Bagalakot.While considering bagalakot as a
developing area we have a lot of opportunities to start
new business finally scanning of the areas we got many
alternatives to start new business.
Like as:
Yoga centre
Milk Parlor
Travelling Agency
SWOT AnalysisStrengths:
o In bagalakot as we found only few business existing
like our alternatives.
o Sound finance.
o No competitors.
o Mutual understanding in between our business and
public.
o Affordable price.
Weakness:
o Problem of location.o Government rules and regulation.
Opportunities:
o Customer satisfaction.o Promotional activities.o Total quality management (TQM).o Switch on to others.
Threats:
o High oligopoly.o Government intervention.
Establishing objectives
Employment opportunities.
To increase standard of living.
To giving extraordinary service.
To become a market leader.
To maximize profit.
.
Evaluating alternatives
After knowing out of the alternatives next step
is to evaluate the alternatives through analysis of
strong and weak points of alternatives as below:
Yoga centre
Strong Points:
1.Mental and physical health.
2.Some extent target customers are all .
Weak Points:
1.Maintenance problem.
2.Impact of mass media.
3.Busy in their routine schedule.
Milk parlor:
Strong Points:
1.Easily available of raw materials.
2.Cost is low.
3.100% quality .
4.Demand is more
Weak Points:
1. Competition.
2.Maintenance cost is high.
Travelling agency:
Strengths: Navanagar is the heart of the Bagalkot. Sound finance. Proper professional guiders,maps,periodicals etc. Habits. Maintaining with security.
Weaknesses:
Season based. Improper roads.
Selecting an alternative
Analysis of strengths and weakness of alternatives ,we are giving to more priority about strengths not at all about weak points because to survive the business long run with the profit.
Our business is very nearer to Akshay International Lodge and Restaurant obliviously we are Switch on to them .
Formulating Supporting PlansNatural Resources
* Climate-seasons * Water resources-lakes, streams, waterfall * Geological resources-topography, soils, sand dunes, beaches, caves, rocks & minerals, fossils * Scenery-combinations of all of the above
Cultural Resources
* Historic buildings, sites * Monuments, shrines * Industry, government, religion, etc. * Local celebrities
Human Resources:
* Hospitality skills
* Management skills
* Infrastructure-transportation roads, airports,
railroads, walkways
* Infrastructure: utilities water, power, waste
treatment, communications
Numberizing plans by making budgets
Once we have decided on one or more budgets we must
answer certain questions about each before making final
draft, the questions are
*can we make it ?
*Can we sell it?
*can we earn from if?
Then only business run smoothly.
FIXED CAPITAL
Si no particulars
period amount
1 Land/building
1 year 1,75,000
2 Machinery/equipment
1year 55,000
3 Furniture and fixtures
1year 25,000
4 Total 2,50,000
Business Plan or Budget
Working capital:-
Si no particulars
period Amount
1 Utilities 1 year 55,000
2 Wages/salaries
1year 75,000
3 Other 1year 50,000
4 Total 1,70,000
Total cost of project
Si No Particulars
Period Amount
1 Fixed capital
1 Year 2,50,000
2 Working capital
1 Year 1,70,000
3 Preliminary expenses
1Year 15,000
4 Total 4,20,000
1 year
Means of finance
Si no particulars
period amount
1 Term loan 1 year 15,000
2 Working capital loan
1 year 5,000
3 Own investment
1 year 1,00,000
4 Total 1,20,000
Profitability Analysis
Particulars Amount
Sales revenue 6,00000
Fixed capital 2,50,000
Working capital 1,70,000
Interest (12.5%) 75,000
Gross Profit 1,05,000
Income tax 25,000
Net profit 80,000
Conclusion
Finally we conclude that Travelling Agency is the best alternative to start new business in Bagalkot with great support of business planning process.
Open For Queries
THANK YOU