Workshop on Preparation of Business Plan

On 19th April, 2022 a “Workshop on Preparation of Business plan” was arranged by the Department of Management studies in association with Entrepreneurship Development Cell & Institution’s Innovation Council @ 11.45 a.m to 01.00 p.m. Prof.D.Annie Rose Nirmala, Associate professor and Head, Department of Management Studies, Francis Xavier Engineering College, Tirunelveli was the resource person. Mrs. J.Anna Thangam, EDC Co ordinator & Assistant Professor, MBA Department coordinated the program.

The resource Person explained the need for and importance of preparing the Business Plan. Later she explained the various parts of business plan. The speaker highlighted the components of business plans like market analysis, competitive analysis, operating plan and financial plan. While explaining the aspects included in the business plan the resource person gave lot of live examples for explaining the various components. As the resource person was from the management department, she explained the market feasibility with live examples. Like market feasibility she explained the economic feasibility and financial feasibility also with few examples. Really it was interesting to interact with the resource person. She said that the purpose of a Business Plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility. The resource person also pointed how to overcome obstacles while writing a business plan and exploring pricing issues and how to create a Cash Flow Projection, Budget, and Profit & Loss account and the way of the financial projections to assess business idea and to Integrate the business plan to stay on track.

Finally, Ruskin Charles Immanuel I Year student of MBA delivered vote of thanks expressing the gratitude to the Guest speaker. The feedback link was posted to the participants to collect the opinion from the participants about the programme.