Should you write a business plan even if you do not need outside financing? Why or why

Question:

Should you write a business plan even if you do not need outside financing? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Small Business Management Entrepreneurship and Beyond

ISBN: 978-0538453141

5th edition

Authors: Timothy s. Hatten

See More Books

Question Posted: Sep 24, 2012 07:25 AM

See More Questions

You are required to write a Business Plan Report and you are advised to follow the below given outline. Part I- Product/service idea Business Plan Report (40%) THE BUSINESS PLAN TOPIC IS A...
Write a business plan by following instructions I. Instructions and Requirements A. Submission Requirements B. Purpose C. Instructions II. Business Plan Details Institution Name: Alliance Vocational...
Write a Business Plan for Fish Farming Course: BBA Please write a good and valid plan. Please answer as soon as possible. Thank you.
Use the following transactions to answer the questions. Use a 6% sales tax rate. Total and rule the sales journal. Jan. 3 Sold merchandise on account to J. J. Johnson, $1,500, plus sales tax. 7 Sold...
At 7:00 A.M. one ship was 60 miles due east from a second ship. If the first ship sailed west at 20 miles per hour and the second ship sailed southeast at 30 miles per hour, when were they dosest...
Burger Dome is a fast-food restaurant currently appraising its customer service. In its current operation, an employee takes a customers order, tabulates the cost, receives payment from the customer,...
Use the Poisson distribution to approximate the binomial probability $b(1 ; 100,0.02)$.
Humid air is to be conditioned in a constant pressure process at 1 atm from 39oC dry bulb and 50 percent relative humidity to 17oC dry bulb and 10.8oC wet bulb. The air is first passed over cooling...
Let U = {a, b, c, d, e, f} be the universal set and let A = {a, b, c, d, e, f}. Write the set A. Remember to use correct set notation. Provide your answer below: A=
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
Why wouldnt a 100-page business plan be four times better than a 25-page business plan?
Who should write the business plan?
Glass is a notorious source of metal ion contamination. Three glass bottles were crushed and sieved to collect 1 - mm pieces.26 To see how much Al3+ could be extracted, 200 mL of a 0.05 M solution of...
Criss Cross, Inc. produces flair pens that they sell for $7 each. Disney has offered Criss Cross, Inc. $4 per pen for a one-time order of 20,000 pens with a Mickey Mouse sticker on them. Disney would...
Analyse issues concerning the imbalance of digital access that have becoming common fact among society in most developing countries. Your analysis should also include to what extent the phenomenon of...
Create a name and vision for your team Identify 3-5 team norms that will support your success? Why are these norms important? How will they support success? How will you implement them? What barriers...
It is a debate that has been raging for weeks. The Pullman City Council voted last night on a motion to approve a controversial sale and improvement project. The vote, which was 4-3, was a close one....
1 Identify the data collection methods used in each article. 1.1 Using examples from each article identify the data collection methods used in each study. Motivate each answer with examples from...
Let $X$ be a set, let $\left(X_{i}, \mathscr{A}_{i}ight), i \in I$, be arbitrarily many measurable spaces and let $T_{i}: X ightarrow X_{i}$ be a family of maps. (i) Show that for every \(i \in...
What types of questions can be answered by analyzing financial statements?
Use an OpenPGP implementation such as GnuPG to do the following. Note that no email is involvedyou are working exclusively with files on a single machine. (a) Generate a publicprivate key pair. (b)...
Why is it important for an organization to have a clear definition of diversity?
Distinguish between surface-level diversity and deep-level diversity. Why is it important to understand the difference between the two?
Describe the issues associated with each of the types of workforce diversity.
Can we justify the acquisition of Peloton Interactive Inc using NPV assuming the initial investment is 10% of the total market value of the company, 5% constant growth rate for the next three years...
Mary would like to save $10,000 at the end of 5 years for a future down payment on a car. How much should she deposit at the end of each month in a savings account that pays 1.2%/a, compounded...
AA stock price is $45/share. The stock is expected to pay dividends $2.50 in the coming year. After reviewing all information, you concluded: the price one year from now will be $50/share and you...

Should you write a business plan even if you do not need outside financing? Why or why

Question:

Step by Step Answer:

Yes you should write a business plan even if you do ...View the full answer

Small Business Management Entrepreneurship and Beyond

Students also viewed these Management Leadership questions