What are the advantages and disadvantages of writing a business plan?
There is an irrefutable fact that every business starts with a business plan. Humans can not develop without a plan, so let’s consider what are the advantages and disadvantages of writing a business plan.
It can be said that writing a business plan has some noteworthy positive effects. The first advantage of business plans is that it helps in prioritizing the work and also putting the right people for the right job. The owner can keep track of milestones of business as envisaged in the business plan. Therefore, writing a plan helps increases the possibility of the business plan being a success. Another advantage of writing a business plan is that once the company has a business plan ready then only it can take it forward and present it to prospective investors who in turn if they like the plan will finance the business plan. As we all know how important capital is for starting a business because without capital no business can start.
However, writing a business plan is not completely beneficial, several negative aspects should be taken into consideration. The biggest disadvantage of the business plans is that it involves time and expenses. Small businesses are concerned that they neither have money and expertise to make a proper business plan. It can lead to the business suffering more rather than gaining from the business plan. Besides, depending on writing can make the owners lose flexibility and become rigid. They will keep sticking to the business plan even if it is detrimental to the interests of the business. For insurance, if the business plan has envisaged 10000 units of production but due to a change in consumer taste sales of only 5000 units can be done and if the owner sticks to the business plan then it will be a loss-making decision.
In conclusion, it is worth considering that there are both advantages and disadvantages of making a business plan. Any person making a business plan should keep the above points in mind as making only a plan does not ensure the success of the business.
| Post date | Users | Rates | Link to Content |
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| 2024-08-25 | Hannah445 | view | |
| 2023-10-02 | AlexKoh | view | |
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Comments
Essay evaluations by e-grader
Transition Words or Phrases used:
also, besides, but, first, however, if, so, then, therefore, in conclusion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 16.0 13.1623246493 122% => OK
Auxiliary verbs: 13.0 7.85571142285 165% => OK
Conjunction : 9.0 10.4138276553 86% => OK
Relative clauses : 8.0 7.30460921844 110% => OK
Pronoun: 21.0 24.0651302605 87% => OK
Preposition: 34.0 41.998997996 81% => OK
Nominalization: 4.0 8.3376753507 48% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1697.0 1615.20841683 105% => OK
No of words: 347.0 315.596192385 110% => OK
Chars per words: 4.89048991354 5.12529762239 95% => OK
Fourth root words length: 4.31600926901 4.20363070211 103% => OK
Word Length SD: 2.74717323359 2.80592935109 98% => OK
Unique words: 163.0 176.041082164 93% => More unique words wanted.
Unique words percentage: 0.469740634006 0.561755894193 84% => More unique words wanted or less content wanted.
syllable_count: 543.6 506.74238477 107% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 1.0 4.76152304609 21% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 46.1482491505 49.4020404114 93% => OK
Chars per sentence: 99.8235294118 106.682146367 94% => OK
Words per sentence: 20.4117647059 20.7667163134 98% => OK
Discourse Markers: 4.35294117647 7.06120827912 62% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 7.0 8.67935871743 81% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 4.0 3.4128256513 117% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.57837732886 0.244688304435 236% => OK
Sentence topic coherence: 0.243703120064 0.084324248473 289% => Sentence topic similarity is high.
Sentence topic coherence SD: 0.124307283915 0.0667982634062 186% => OK
Paragraph topic coherence: 0.428542364366 0.151304729494 283% => Maybe some contents are duplicated.
Paragraph topic coherence SD: 0.105738684669 0.056905535591 186% => OK
Essay readability:
automated_readability_index: 11.8 13.0946893788 90% => Automated_readability_index is low.
flesch_reading_ease: 51.18 50.2224549098 102% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.1 11.3001002004 98% => OK
coleman_liau_index: 11.08 12.4159519038 89% => OK
dale_chall_readability_score: 7.27 8.58950901804 85% => OK
difficult_words: 58.0 78.4519038076 74% => More difficult words wanted.
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
---------------------
Rates: 67.4157303371 out of 100
Scores by essay e-grader: 4.0 Out of 6
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.
Transition Words or Phrases used:
also, besides, but, first, however, if, so, then, therefore, in conclusion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 16.0 13.1623246493 122% => OK
Auxiliary verbs: 13.0 7.85571142285 165% => OK
Conjunction : 9.0 10.4138276553 86% => OK
Relative clauses : 8.0 7.30460921844 110% => OK
Pronoun: 21.0 24.0651302605 87% => OK
Preposition: 34.0 41.998997996 81% => OK
Nominalization: 4.0 8.3376753507 48% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1697.0 1615.20841683 105% => OK
No of words: 347.0 315.596192385 110% => OK
Chars per words: 4.89048991354 5.12529762239 95% => OK
Fourth root words length: 4.31600926901 4.20363070211 103% => OK
Word Length SD: 2.74717323359 2.80592935109 98% => OK
Unique words: 163.0 176.041082164 93% => More unique words wanted.
Unique words percentage: 0.469740634006 0.561755894193 84% => More unique words wanted or less content wanted.
syllable_count: 543.6 506.74238477 107% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 1.0 4.76152304609 21% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 46.1482491505 49.4020404114 93% => OK
Chars per sentence: 99.8235294118 106.682146367 94% => OK
Words per sentence: 20.4117647059 20.7667163134 98% => OK
Discourse Markers: 4.35294117647 7.06120827912 62% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 7.0 8.67935871743 81% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 4.0 3.4128256513 117% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.57837732886 0.244688304435 236% => OK
Sentence topic coherence: 0.243703120064 0.084324248473 289% => Sentence topic similarity is high.
Sentence topic coherence SD: 0.124307283915 0.0667982634062 186% => OK
Paragraph topic coherence: 0.428542364366 0.151304729494 283% => Maybe some contents are duplicated.
Paragraph topic coherence SD: 0.105738684669 0.056905535591 186% => OK
Essay readability:
automated_readability_index: 11.8 13.0946893788 90% => Automated_readability_index is low.
flesch_reading_ease: 51.18 50.2224549098 102% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.1 11.3001002004 98% => OK
coleman_liau_index: 11.08 12.4159519038 89% => OK
dale_chall_readability_score: 7.27 8.58950901804 85% => OK
difficult_words: 58.0 78.4519038076 74% => More difficult words wanted.
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
---------------------
Rates: 67.4157303371 out of 100
Scores by essay e-grader: 4.0 Out of 6
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.