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 the advantages and disadvantages of writing a business plan.
It can be said that writing a business plan has some notable positive effects. The first advantage of business plans is that it helps prioritize the work and put 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 attracting investment. The company, which has a business plan ready, can present to prospective investors. If sponsors like, they will finance the business plan. We all know how essential capital is for starting a business; no project can launch without capital.
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. 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 to ensure the success of the business.
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- What are the advantages and disadvantages of writing a business plan 61
Grammar and spelling errors:
Line 3, column 745, Rule ID: SENTENCE_FRAGMENT[1]
Message: “If” at the beginning of a sentence requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
...e sales of only 5000 units can be done. If the owner sticks to the business plan t...
^^
Transition Words or Phrases used:
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 : 15.0 13.1623246493 114% => OK
Auxiliary verbs: 13.0 7.85571142285 165% => OK
Conjunction : 7.0 10.4138276553 67% => OK
Relative clauses : 7.0 7.30460921844 96% => OK
Pronoun: 17.0 24.0651302605 71% => OK
Preposition: 33.0 41.998997996 79% => OK
Nominalization: 5.0 8.3376753507 60% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1629.0 1615.20841683 101% => OK
No of words: 323.0 315.596192385 102% => OK
Chars per words: 5.04334365325 5.12529762239 98% => OK
Fourth root words length: 4.23936324884 4.20363070211 101% => OK
Word Length SD: 2.81305427485 2.80592935109 100% => OK
Unique words: 161.0 176.041082164 91% => More unique words wanted.
Unique words percentage: 0.498452012384 0.561755894193 89% => More unique words wanted or less content wanted.
syllable_count: 514.8 506.74238477 102% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 6.0 5.43587174349 110% => OK
Article: 4.0 2.52805611222 158% => OK
Subordination: 3.0 2.10420841683 143% => 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: 20.0 16.0721442886 124% => OK
Sentence length: 16.0 20.2975951904 79% => The Avg. Sentence Length is relatively short.
Sentence length SD: 21.746264047 49.4020404114 44% => The essay contains lots of sentences with the similar length. More sentence varieties wanted.
Chars per sentence: 81.45 106.682146367 76% => OK
Words per sentence: 16.15 20.7667163134 78% => OK
Discourse Markers: 3.4 7.06120827912 48% => More transition words/phrases wanted.
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 9.0 8.67935871743 104% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.526365952546 0.244688304435 215% => OK
Sentence topic coherence: 0.219984100433 0.084324248473 261% => Sentence topic similarity is high.
Sentence topic coherence SD: 0.117526257356 0.0667982634062 176% => OK
Paragraph topic coherence: 0.403372937333 0.151304729494 267% => Maybe some contents are duplicated.
Paragraph topic coherence SD: 0.0688974771242 0.056905535591 121% => OK
Essay readability:
automated_readability_index: 10.4 13.0946893788 79% => Automated_readability_index is low.
flesch_reading_ease: 55.24 50.2224549098 110% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 9.5 11.3001002004 84% => OK
coleman_liau_index: 11.66 12.4159519038 94% => OK
dale_chall_readability_score: 7.71 8.58950901804 90% => OK
difficult_words: 67.0 78.4519038076 85% => OK
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 8.4 10.1190380762 83% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
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Rates: 61.797752809 out of 100
Scores by essay e-grader: 5.5 Out of 9
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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.