Business Planning and Budgeting for sustained profitability

Date : 17 February, 2022   Time : 1340 Hrs to 1700 Hrs   Location / Mode : Online

INTRODUCTION

Business planning and budgeting are critical to the success & sustainability of a business. Business exists for profits – if not for any other purpose. And business pundits have often remarked that “Nobody plans to fail, they fail to plan”. Hence a business must be planned and it is critical to ensure that the actual outcomes confirm to plans, be it either in the short term or in the long term.

Every business owner needs to understand how to make a business plan and plan a budget to ensure they run a Sustainable & Profitable Business. In the current Covid situation, where markets are under stress, it is all the more important to have a clear system of tracking the business and take appropriate actions to enhance Business Performance. Companies having a robust system to manage their business are often preferred in the Global Market thereby holding an edge over competition.

Keeping this in view, Indian Machine Tool Manufacturers' Association (IMTMA) is organizing an online programme on Business planning and Budgeting for sustained profitability through Good manufacturing practices.