Starting a Business Online Essay - 1570 Words

1. Identify the advantages and disadvantages of taking your small business online by performing a SWOT analysis. Include 2-4 items in each category. What is a SWOT analysis? It is an evaluation of strengths and weaknesses of a business unit and identification of opportunities presented by the markets of business units and threats posed by competitors. Strength, Weakness, Opportunities and Threats is what the letters of SWOT resemble (Schneider 2001 page 32).. Inside a business are where the strengths and weaknesses are found and what each business is capable of handling. Opportunities and threats are located outside a company and are based on the real world (Zahorsky 2011). Starting a business online and moving forward is a great†¦show more content†¦One is forcing organizations to accumulate lists of how to achieve certain objectives. Making uncritical lists without clear prioritization is an example of how weak opportunities might appear to balance long threats. Most times a simple list may not be presented critical (Haughey 2000-2011). 2. Because the Internet connects computers all over the world, any business that engages in e-Commerce instantly becomes an international business. The key issues that any company faces when it conducts international commerce include trust, culture, language, government, and infrastructure. Explain how you would address each of these issues. To create trust in a business the customer needs to rely on their own name brands. As a new business begins and starts online they face many difficulties. Due to the kind of anonymity that exists for companies trying to establish a web presence, customers sometimes lack the trust that is expected because people have been doing business with their neighbors not strangers for many years. As a company begins to take in the growing aspect to become a larger corporation with multinational operations the reputation of the company grows too. In order for a company to do business as it grows it should prove to the customers the trustworthiness as it continues to grow. In favor of a business to be successful they need to rapidly find away to produce trust (Schneider 2011 page 34-35). Language and customs are a combinationShow MoreRelatedStarting a Business Online Essay1161 Words   |  5 Pagesthe advantages and disadvantage of taking a small business online by performing a SWOT analysis. It will provide key issues that any company faces when it conducts international commerce that includes trust, culture, language, government, and infrastructure. The businesses that operate on the Web that extends a company’s reach beyond traditional boundaries. Second, it will attempt to explain the Web increases the speed and efficiency of business communications. Finally, it will look at the lawRead MoreStarting a Business Online Essay1252 Words   |  6 PagesAssignment One BUS 107 April 19, 2012 Professor â€Æ' 1. Identify the advantages and disadvantages of taking your small business online by performing a SWOT analysis 2-4 items in each category. The online business I am going to start is Earl’s Flowers Togo. We sell flowers arrangements and candies online and we have a brick and mortar store. One of our strengths is that we sell affordable high quality flower arrangements with name brand candy. We have a website that is very internet friendlyRead MoreEssay about Starting a Business Online, Part 12356 Words   |  10 Pagese-Commerce, a business must look at several factors in order to determine if they are ready and able to do everything needed in order to make it successful. Companies should initially perform a SWOT analysis in order to determine if selling products online would be beneficial to the overall company. They also need to make sure they understand they will be dealing with customers all over the world and are willing to take on the work involved to know all of the legalities involved. Taking a business onlineRead MoreManaging Communications, Knowledge and Information1200 Words   |  5 PagesCommunications, Knowledge and Information Introduction Starting a business require preparation, research and a lot of hard work. There are many decisions to be taken like type of business, financial support, location and so on. This decision has to be taken with a lot of care so they can overcome difficult stages of the business. New business also requires a strategic planning for future growth including products, partners and goals. Starting a business in the retail industry is a huge challenge facingRead MoreWhy Do You Go An Online Business? Essay1294 Words   |  6 Pagesplans to start their own internet business. Others nurture online business ideas that they think will shake the web for long-time before taking the leap of entrepreneurship. While there is nothing bad in dreaming big, it is important to keep the realities of starting and running an online business in mind. When it comes to starting a web business, there are hundreds of details to be mastered but let’s just focus on 11Cs under the most critical phases of starting an e-venture. And it only makes senseRead MoreStart Your Own Online Business For Free1314 Words   |  6 PagesStart an Online Business for Free Have you been wondering how to start your own online business for free? First let me tell you a story. About a year ago my wife and I split up and I became a single father of four. It was also at this time that I was diagnosed with a medical condition that forced me to quit my job. I was lost†¦I didn’t know how I would provide for my family – food, clothes, rent. I had nothing and no way to make money. I felt like a failure.It can be depressing trying to startRead MoreIt Is Not Always Easy To Find The Money To Launch A New1193 Words   |  5 Pagesto launch a new business. Traditional business loans are normally not an option for a fledgling business; lenders prefer to make loans to companies with established records of sales and expenses. However, insufficient funding is one of the leading reasons that new businesses fail. Caught between the proverbial rock and a hard place, many entrepreneurs wonder whether personal loans can and should be used to start a new business. Should Personal Loans Be Used to Launch a New Business? It is possibleRead MoreDesigning An E Commerce Solution Evaluation Essay1624 Words   |  7 PagesReferences†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Introduction. Many businesses have shown that after implementing an e-commerce system into their companies, sales have increased immensely. Sneaker Joe’s is a small family run business that is looking to expand their business after the sneakers they sell have shown to be very popular locally, after a picture of them was spotted on a social networking site. I have been looking at some of the most popular websites that consumers use to purchase theirRead MorePersonality Characteristics And Personality Traits1691 Words   |  7 Pagestechnologically savvy were also very important as they lay out a firm foundation during the establishment of business goals. In my opinion, one of the most sought after skills that clearly applies towards Tanseer was ‘Wearing many hats’ as throughout the interview I could understand that she single handedly works on her venture and has to work on everything, right from marketing her business to financing it and operating it successfully. She said â€Å"Sometimes you have to work overnights creating budgetRead MoreWeb Hosting798 Words   |  3 PagesAppendix A. When it comes to price, Yahoo! Small Business hosting at first appears to be the most attractive, even though the introductory rate of $3.47/month becomes $4.99/month after just three months (Yahoo, 2012). This is the cheapest basic hosting plan that was found in a search. Other details of the plan reveal that it might not be such a bargain (Yahoo, 2012). While Yahoo!s hosting service is very scalable and able to grow with the business, its service offerings are less than those of its