Now this paper will discuss about making an E-business possible.
Starting one and maintaining an E-business is a difficult task. Thus, it is important to think about different things and factors that can affect your E-business in the present and in the future. (Hall, p.1) Of course there are different questions on how to pursue a preferred E-Business. The paper will try to highlight these important questions and topics.
When starting an E-business one must be driven to pursue the product or service that the owner wants to. The E-business might suffer setback and losses in time and it is very difficult for anyone to recover but that is part of the cycle that one must look into. A potential investor must be able to realize that it is going to experiences losses and failure at the beginning. (Hall, p.1.)
In setting up an E-business, it is assured that each is going to take huge amount of stress along the way. So, a person must be strong enough to handle stress of conducting an E-Business in order to survive in this competitive area. (Hall, p.1.)
In determining the right amount of business for its needs, one must look into what a person likes and what the people demand for. It will be a good start in determining what type of E-business to conduct. The paper will now present several suggestions in choosing the right E-business.
Venturing in a Bookkeeping E-Business
If one is adept in this field, then this might be a good venture. In a bookkeeping business, one must be knowledgeable enough in keeping spreadsheets and doing accounting with adequacy and reliability. (Bregman, p.1) Ensuring customer satisfaction in the facilitation of this E-business, assure steady profits and flow of customers.
Offering a consultancy E-business
Many industries right now are relying on consultancy firms over the internet. Thus, if a person is adept in this field, then maybe this can be a great start in starting a consultancy E-business firm. It has been reported that there is an increasing demand for consultancy firms online as technological advancement enables communication in various boundaries possible. (Bregman, p.1) It has been reported that in the United States alone, consultancy firms online are earning profits of $ billion dollars. (Bregman, p.1) Maybe it is good thinking about joining the competition in the consulting industry. However, a consulting industry would require a thorough understanding of the client company and can give the ample information that the company needs to have in order to achieve in this E-business endeavor. (Bregman, p.1)
Important Elements in Starting E-business
As the paper had mentioned awhile ago, venturing in an E-business is not a bed of roses. One must be able to understand that there are risks involved and one must be strong enough to be able to survive. The first one is having a good plan ahead for the business. (Reveron, p.1) This will be elaborated in the next section of the paper. The next element is having the passion to start, continue and finish the jobs that are given. (Reveron, p.1) Having this in background, then you are now capable of venturing to the huge market of E-Business.
Creating the Business Plan
After accepting that