Question

If you were about to launch a new business, would you write your business plan from...

If you were about to launch a new business, would you write your business plan from scratch or use a software program to do it? Submit a video that describes the approach you would take, and identify the pros and cons of each approach.

Homework Answers

Answer #1

I would prefer to write business plan from scratch rather than using software for this.

Pros and cons of both the approaches are :

Writing from scratch

Using software

Pros

  • Deep understanding of the business is there
  • Many new ideas comes while writing
  • Consumes less time and less effort
  • Writing and grammatical errors are less

Cons

  • Time taking activity
  • Proper format might be absent
  • Only superficial understanding of the project
  • Lack of knowledge
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What plan or strategy are you going to implement in order to launch your product from...
What plan or strategy are you going to implement in order to launch your product from the scratch (any kind of product) to the society considering about all managerial strategic starting from: 1. Supply and demand 2. Price elasticity 3. The budget constraint 4. Consumer Choice 5. Innovation in Production 6. Costs (including implicit and explicit cost) 7. Market structure
You are about to start your own business like a restaurant what would be the best...
You are about to start your own business like a restaurant what would be the best form of business organization (e.g.partnership, LLC, etc.) for your business and why. In discussing “why”, please include the pros and cons over all other available alternatives.
1. What mission statement would you write for your new business and why would it be...
1. What mission statement would you write for your new business and why would it be a good one? Develop a metrics for it. 2. Using the internet, identify three large corporations and their mission statements. For these corporations, how would you evaluate the mission statements in terms of clarity and fulfilling the goals of a mission statement?
You are working to develope a business plan for a new business and you are trying...
You are working to develope a business plan for a new business and you are trying to determine the best organizational structure to use. pick a legal organizationional structure, state one advantage and one disadvantage of the structure for your new firm
Your family has owned and operated a landscaping business for many years. They were recently approached...
Your family has owned and operated a landscaping business for many years. They were recently approached by a family friend who wants to invest in the company and help it grow to additional locations. The family friend has concerns that the company's accounting system is outdated and should be more computerized. You have offered to help with this transition and research into what type of computerized accounting system or workflow might make sense for the company to switch to. They...
You are about to launch a new electronic device for which you will have market power....
You are about to launch a new electronic device for which you will have market power. The electronic device can last consumers several years. What strategy could you use to overcome the durable good monopoly problem studied by Ronald Coase? Why do you believe your strategy can solve the problem?
Step 7) Raising Capital For Your Startup * If you were to launch your own startup...
Step 7) Raising Capital For Your Startup * If you were to launch your own startup what sources would you use to fund your startup? Why would you use those sources?
address office ergonomics from a management perspective. Write a brief report (1-2pages) that describes how you...
address office ergonomics from a management perspective. Write a brief report (1-2pages) that describes how you would implement a safety/health program that could resolve your office ergonomic issues. This report should answer these questions: • What steps would you take to get “buy-in” from management? • Which employees would you identify as necessary for role-modeling and mentoring? What steps would you take to get their involvement in the process? • How would you incorporate your solutions into a new employee...
Share your most probable future career. Write about 5 (five) steps that you plan to take...
Share your most probable future career. Write about 5 (five) steps that you plan to take in order to achieve your goal.
1. What is involved in developing a business plan for production and supply of products? What...
1. What is involved in developing a business plan for production and supply of products? What role do retailers play in achieving the important flexibility that is so important to efficient and timely supply of products? 2. What is involved in developing a business plan for production and supply of products? What role do retailers play in achieving the important flexibility that is so important to efficient and timely supply of products? 3. Mobile marketing is gaining ground. What do...