Excelsior Correspondent
KATRA, July 11: An online workshop on the topic “Business Plan and Learn Canvas-Tools for Uncertain World” was organized by Dr Suparn Sharma, Faculty, School of Business and coordinator, Entrepreneurship Development Cell, Shri Mata Vaishno Devi University, as part of an event by SMVDU Technology Business Incubation Center(SMVDU TBIC) for the students and budding entrepreneurs in the region.
The event was organized under SMVDU TBIC’s flagship programme, “100 Startups J&K”; recently launched by Vice Chancellor Shri Mata Vaishno Devi University.
Dr. Sharma shared that when India is witnessing more inclination towards entrepreneurial aspects, it is extremely important to devise a strategy and create a basic business plan which can be transformed further.
He also emphasized the reasons why few startups suffer due to lack of business plan and financial forecasting. “Financial planning for a business is the integral part of the blueprint to be prepared. The capitalists, banks, investors deep dive into such areas in order to make future investments,” he added.
“Nowadays, the world of business has witnessed the replacement of traditional by modern methods. Product life cycle are getting shorter, models are constantly changing due to which new business model canvas has made an entry in the field. A wise and effective use of canvas really helps in growth of business,” he explained.
The session concluded with an open interactive discussion. The aim of conducting such workshops was to encourage open dialogue among the entrepreneurs of the region and facilitate them thoroughly.
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