Launching a New Scanning Application: Key Decisions and Processes

Accounting Information Systems 1
ASSIGNMENT: TACC403 – ACCOUNTING INFORMATION SYSTEMS
Assignment Title
Student’s Name
Student Number
Course Code & Title
Due Date

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Executive Summary
Creating a new business involves the transformation of knowledge and ideas into an
opportunity, which also entails the application of missions and visions. During this process of
entrepreneurship, various key objectives are examined, considering barriers that are evident
during the procedures that will assure the success of the venture. This report considers the
creation of a new scanning application, whereby the relevant structuring business process will
be applied. The method of structuring a new business is incited by an individual or partners in
the venture which sorts the possibility to launch the business, expecting expected challenges.
These key stakeholders and partners are considered as business representatives. The term
enterprise is a wide term that can be connected for setting up an organization and it
additionally should happen in set up business process. Launching scanning application
software is obliged to illustrate the development of scanning systems in the world today. To
effectively launch the business, entrepreneurs need to evaluate the necessary business idea,
gather the necessary resources and collecting funds for business start-up.

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Table of Contents
Executive Summary...................................................................................................................2
Introduction................................................................................................................................4
Key Decisions to be Successful Entrepreneurs..........................................................................4
Information Needed...............................................................................................................5
Business Processes to Engage In............................................................................................6
External Parties to Exchange Ideas With...................................................................................6
Information Received and Sent..............................................................................................7
External Sources of Funding &: How to Approach Them.........................................................7
Securing, Legal and Ethical Issues from the Development & Use of Software Application....9
Conclusion................................................................................................................................13
Recommendation......................................................................................................................13
References................................................................................................................................14

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Introduction
Entrepreneurship is necessary for individuals to launch a new business. As a result, this paper
considers the aspects needed to launch a new 3D scanning application in the computing
industry using a $10,000 start-up price to starting the company. The new mobile phone
application is speculated to be profitable, which means that a suitable business plan is
necessary to make the business go successful. The development the plan also considers the
key competitors and legal & ethical matters to effectively launch the business.
Key Decisions to be Successful Entrepreneurs
Parties to the new 3D scanning Application program are ordinarily assessed and chosen
dependent on key decisions and permission criteria. This strategic procedure guarantees that
critical evaluation of the business decisions is vital for the company’s profitability. Moreover,
permission, legal and ethical criteria are regularly created and adjusted in arrangement with
the achievement measurements, objectives, and goals, or even the statistical surveying
discoveries explicit to the association and separate of the nearby business condition. Key
decisions can incorporate the assessment of the successful entrepreneurs; these include:
 Quality of the pioneering group (e.g., capacity to "plan for an impressive future,"
energy, advancement, the executives' experience, and business astuteness);
 The legitimacy of the business case (e.g., uniqueness of the thought, adaptability,
worldwide and nearby market estimate, interoperability, item versus administration
direction, the presence of a reasonable leave methodology, and upper hand) (Bateman
& Snell, 2013);
 Existence and nature of accomplice connections; and
 Maturity of the business adventure (e.g., pre-creation, model finished).