IIC of Pillai Institute of Management Studies & Research in association with Pillai Centre of Innovation and Entrepreneurship (PCIE) organised an Online Session on “The Financial Aspects of a Business Plan” by Dr. Shardul Buva on Saturday, 1st November 2025 at 6 pm. The objective of the session was to equip student entrepreneurs with practical knowledge of financial planning for preparing a successful business plan. The session emphasized the importance of financial planning in transforming ideas into viable and sustainable businesses. Students were introduced to key components such as capital requirements, cost estimation, revenue forecasting, profit and loss statements, cash flow management, and break-even analysis.
Dr. Buva explained how these financial tools guide decision-making, help in assessing business feasibility, and attract investors or funding agencies. Real-life examples and case studies were used to illustrate how startups plan their finances and manage limited resources efficiently. The interactive session also encouraged students to prepare basic financial projections for their own business ideas, enhancing their analytical and budgeting skills.
Overall, the session provided valuable insights into the importance of sound financial management in entrepreneurship. The benefits of the session was that It helped students realize that while creativity and innovation drive a business idea, financial planning ensures its sustainability and growth. The session motivated participants to approach their entrepreneurial journey with a balance of passion, strategy, and financial discipline. 27 students and 5 faculty members attended the session.
