Business Planning Business management essentials

1. Business PlanningBusiness management essentials Provided by CDI

2. Objectives In this unit, we will have a look at business management techniques and how to use business plan properly as a tool for proper use

3. Learning outcomes At the end of this module you will be able to: • Make basic business plans and budgets • Know how to read business plans and budgets and how to use them • Know how to have better results and constant progress • To have better managerial skills

4. Business Management techniques (1/4) Managers will know earlier if something is wrong in the company, in production process, with management, with funds or with changes of the market.

5. Business Management techniques (2/4) At the beginning of every month managers should take data from the business plan, which relate to exact period. With that managers have lead point for current operations.

6. Business Management techniques (3/4) At the end of the month managers should check if results are compatible with data in business plan. This will give them time for reaction if something goes in wrong way.

7. Business Management techniques (4/4) In cases when something goes wrong, managers will apply new steps in company to correct the way of going of the business.

8. Business Management Essentials (1/3) This technique can be used in different reporting periods, in which you have measure data for achieved results in the company.

9. Business Management Essentials (2/3) Most of the managers use this technique for longer period, mostly for six month period or one year period.

10. Business Management Essentials (3/3) Business plan have wide application in company

11. How to write successful business plan https://www.youtube.com/watch?v=Fqch5OrUPvA http://library.uniteddiversity.coop/Business_Plans/Guide_to_Business_Planning.pdf

12. Thank you for your attention 