Before You Do An Internet Business Start Up - Answer These 4 questions
So you're considering an online business? First, you need a
business plan before having an internet business start up.
You need to know what you need, where you are going and
how long it will take you.
"The business plan is a necessity. If the person who wants to
start a small business can't put a business plan together, he
or she is in trouble," says Robert Krummer, Jr., chairman of
First Business Bank in Los Angeles.
This goes for any business, including an internet business
start up. In fact, I feel it is more important for online
businesses. This can be one reason why there are so many
failures.
To start any business you need to think it through. If you don't
you may not end up where you think you want to go. There
are 4 core questions that you need to answer before you go
on according to the US Small Business Agency.
The 4 Core Questions Are:
What service or product does your business provide and what
needs does it fill?
Who are the potential customers for your product or service
and why will they purchase it from you?
How will you reach your potential customers?
Where will you get the financial resources to start your
business?
As I mentioned in the "4 Basic Steps to a successful Web
site" (www.start-internet-business-from-college.com) the first
is to define your niche market. You can do this easily through
SBI!'s Brainstorm It!
Financial Needs
Once you have your niche, the next questions come easily.
The last point about the financial resources are important.
Depending on what your niche business is and whether or
not you will need to have inventory will help drive your
financial resources needs.
With SBI you will not need much more. They have the
complete package. In fact, they are the only "All-In-One"
package for anyone who wants an internet business start up
or not.
Needs
I have found outside of a computer, a high speed line
and a
business license you are set to go. Remember that SBI! has it
all, you do not need to purchase another service.
Time Management
This is a very important factor. How much time do you have to
put into your new internet business start up? You need to
determine this ahead of time. Why? Because working on your
online business will make time fly by and you need to put a
reasonable limit on it. Remember studies, social life and
family.
I will be writing more on time management in the near future
.
Set Your Goals
This is also a very important part of your business plan. You
need goals that you want to meet over the short term, one to 6
months. For example, you want you Web site up in 1 week or
1 month. Or you want to have 4 articles written within the first
6 weeks.
You also want long term goals for an internet business start
up. These usually take the time line of 6 - 12 months to 2+
years. They usually are around number of sales, profit goals
or number of members.
Good Sources For More Info
Some good resources include the U.S. government Small
Business Administration (SBA.gov), starting a business.
Remember if you have a good business plan they have loans
for online business start up's.
Another good source for internet business start up is the
SBDCNET. They have partnered with the SBA to give you a
great deal of information on ecommerce.
About the Author
Learn more about what Site Build It and The only "All-In-One" package that gives you not only web hosting and design, marketing tools, finding profitable keywords, RSS capabilities, live support +. http://www.start-internet-business-from-college.com
My name is Bob Roy and I enjoy helping to make a new internet business successful. I have expertise in using the only all-in-one internet business package. I
know that if you start an in
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