KLS IMER in association with TiE Hubli and KLS IMER Tostmasters club organised Knowledge Series Session on Business Finance Management by Dr. Anil Lamba who is an International Corporate Trainer and Financial Literacy Activist on 6th April 2023 at the KLS IMER Auditorium. The session was attended by prominent businessmen from Belagavi, members and office bearers of TiE Hubli, members of KLS IMER toastmasters club, faculty members of KLS IMER and students.
Dr. Anil Lamba shared 5 mantras on effective financial management for businesses i.e.,
- Business is all about generating bottom line (making profit).
- Ensure effective cash flow management.
- Understand Cost of Capital.
- Never use short term loans to finance long term assets.
- There current ratio should always be positive.
It was a very engaging session where Dr. Anil Lamba shared his experience with many business and the reasons for their failure. He also shared his experience of training my business personnel in understanding the nuances of finance.
The session was coordinated by Dr. Prakash Mugali, Convener TiE Hubli for TiE Hubli and Prof. Rahul Mailcontractor for KLS IMER.