Business Planning

Business Management                     

Once the business is operational, it's essential to plan and tightly manage its financial performance.

When running a business, it's easy to get bogged down in day-to-day problems and forget the bigger picture.

However, successful businesses invest time to create and manage budgets, prepare and review business plans and regularly monitor finance and performance.

Business budget helps to manage the money effectively, monitor performance, meet the objectives, improve decision-making, identify problems before they occur, plan for the future and increase staff motivation.

Business planning will enable to concentrate resources on improving profits, reducing costs and increasing returns on investment.

Aiyan Thiruvalluvar  explains

அழிவதூஉம் ஆவதூஉம் ஆகி வழிபயக்கும் 

ஊதியமும் சூழ்ந்து செயல். (461)

कर विचार व्यय-आय का, करना लाभ-विचार ।
फिर हो प्रवृत्त कार्य में, करके सोच-विचार ॥ (४६१)

Explanation by Scholars: 

Let a man reflect on what will be lost, what will be acquired and (from these) what will be his ultimate gain, and (then, let him) act.

ஒரு செயலைச் செய்யும்போது வரும் நட்டத்தையும், பின்விளைவையும் 

பார்த்து, அதற்குப் பின்வரும் லாபத்தையும் கணக்கிட்டுச் செய்க.

அழிவதூஉம் = what will be lost

ஆவதூஉம் = what will be acquired

ஆகிவழிபயக்கும்ஊதியமுஞ் = what will be the ultimate gain

சூழ்ந்துசெயல்= analyze and do the business.