Discussion and reply
Writing a business plan is your map to how you are activity to operate. Regardless of whether you are absorbed in demography over an absolute business or starting a new one; they both accept challenges that you will need to affected in adjustment to succeed. Discuss one of the challenges in starting a new business and how you may be able to abode that challenge with a well-designed business plan. Your claiming can be unique to either a start-up or on-going business or both.
Post by classmate
I wanted to attending at what challenges a gym ability accept to accede as they were architecture a business plan. I alive in a boondocks of about 3,000 people and our canton has about 92,000 bodies that alive in it. One of my apropos as I was architecture a business plan is do we accept abundant prospective audience in the breadth to abutment addition gym. Currently there are two gyms in the boondocks one actuality a baby hometown gym and the alternative being a name cast gym. To verify if we were in a burghal that had the personnel to abutment a third gym I would use a admixture of qualitative and quantitative methods. Investopedia states that “Qualitative analysis uses abstract judgement” (Smith, 2021). Gym use and percentage of bodies activity to a gym can change based on the state, chic level and all-embracing admiration to go to a gym active added abstract data. We again would charge to attending at the apple today to see what people’s comfort akin of activity to the gym is. With COVID abundant bodies started affairs their own gym accessories because gyms were not open. Will this agency be an affair aggravating to accessible a gym? We would charge to attending at overall percentages of bodies that go to a gym to actuate if we alike have the citizenry to abutment those numbers. To accumulate this advice I would charge to use assorted altered judgement models to accumulate this information. I could use actual abstracts to actuate the boilerplate number of gym associates and again analysis abstracts to actuate out of those members how abounding accept congenital their own gyms or are no best activity to a gym. These baseline numbers should accord me an abstraction if we accept the population to abutment our business.
Smith, T. (2021, April 22). Qualitative Analysis. Retrieved from Investopedia: https://www.investopedia.com/terms/q/qualitativeanalysis.asp
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