Focus Areas

• What is a Business plan?
• Importance of Business Plan.
• How to prepare Business plan that works
• What is a budget and its importance
• How to prepare and monitor the budget
• Enhance Profitability and Operational Performance thru Good Manufacturing Practices (GMP).
• How to improve Employee Engagement at all levels.
• Tips to handle business-Post Covid scenario.

Background

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.

Key Takeaways

After undergoing the programme, the participants will be able to -

• Know the process to prepare a Business plan & Budget
• Understand how long term business planning is done
• Know how to build in risks into the business plan
• Integrate Business plan/Budget with GMP
• Monitoring and Improving on the plan which is the KEY to profitability.

Enquire About This Programme