Evaluate the financial planning process for new business

Evaluate the financial planning process for new business

Evaluate the financial planning process for new business ventures in terms of how it both challenges and benefits new ventures. Provide an example of each (i.e., challenges and benefits) from industry to support your position.

Determine the key benefits and challenges of using bootstrapping for financial planning. Provide at least two examples of businesses that can lend themselves to bootstrapping as a means of raising money. Support your response.