Bala Varadarajan is one of four cofounders of a skateboard company. The cofounders decided to write a business plan to obtain funding for their venture. During a recent meeting, Bala said, “I know that we are all busy, so I would like to volunteer to write our business plan. A friend of mine has a house on a lake near where we are going to school. If the three of you agree, I will take my laptop to my friend’s house for a couple of days and knock out our business plan. Any objections?” If you were one of Bala’s cofounders, how would you respond? What alternative approaches to writing a business plan would you propose and why?