Starting A Business Online Essay

1568 words - 7 pages

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 ...view middle of the document...

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 combination of what forms culture. In order to do business they are to make sure they know about different languages and background that are an element of each culture. Website designers should be careful when choose icons in international commerce to represent common actions and the cultural overtones of simple design decisions can be dramatic (Schneider 2011 pages 36-37).
The most effective and efficient way to do business in other cultures is to adapt to them. First I would provide options for language versions so it can be available for customers in different cultures. Products that are made in their native language are easier for the customer to understand and will attract their attention. Given the choice, the customer will choose the product in their native language (Schneider 2011 pages 35-36). Localization uses several different elements in confined environments including industry and intellectual practices. By not doing so, it can effect or change the user’s interpretation of the text (Schneider 2011 pages 35-36).
Many countries have environments that are harsh and difficult to the type of online discussions that take place. Cultural conditions in various cases show the ways the government can control electronic commerce development. (Schneider 2011 page 38). Many governments around the world frequently avoid free expression by their citizens. They have even taken specific steps to stop the exchange of information outside state controls (Schneider 2011 page 38).
Trust, language, and cultural issues are challenges that businesses must overcome in order to succeed. Internet...

Other Essays Like Starting A Business Online

Business Plan for Starting Up a New Venture

4928 words - 20 pages publicity where we find or get a public figure such as Awal Ashari as a speak person for our system and product. Distribution Our Distribution Channel is by direct thru interval and online where customer could make an ordering thru online and we will send it direct to door step together with software setup service. Location of Business & Reason -Our business is located at Ampang Kuala Lumpur because; this is a potential place to get a

Starting a Internet Business Essay

867 words - 4 pages words assist consumers in searching your company. The following information will help your understand why you should consider selling your product on line. Plan of Attack * Learn why e-commerce can help improve sales E-commerce plays a significant role on the Web. It is usually relating to selling and buying good on line. Advertising on line is growing rapidly and companies are changing the way they do business through this advanced

Opportunity Cost

971 words - 4 pages . Feb 7 2011. Bergamos, Deborah. “Day Spa - Escape from It All.” Articlesbase 2011. Online. Feb 5 2011. “Day Spa.” Entrepreneur 2009. Online. Feb 6 Davis, Betty P. “Start A Day Spa And Plan Your Marketing Strategy,” Jan 4 2011. Online Feb 5 2011. Davis, Betty P. “Starting a Day Spa Business in 6 Steps.” EzineArticles. 2011. Online. Feb 7 2011. http://ezinearticles.com/?Starting-A-Day-Spa-Business-In-6-Steps&id=5788406 Dekinder

Legal Forms of Business

1003 words - 5 pages details of the form of business that they desire to start in order to gain success in the business Reference Cheeseman, H.R. (2010). Business law: Legal environment, online commerce, business ethics, and international issues (7thed.). Upper Saddle River, NJ: Pearson Prentice Hall. Cornell University Law School. (2010). S CORPORATION. Retrieved from Cornell University Law School, website. Starting a Business: Answering Your Legal Questions. (2010). Retrieved from http://www.wisbar.org.

Finanance

1043 words - 5 pages Movie Rental Industry Now a days, entering into movie rental business is fairly risky because of the emerging and established online company offering the convenience of renting a movie without even going to the store and spend the time to browse through hundreds if not thousands of movie selections. Clearly, the buyers have the power to choose and the odds are high. There are so many ways of renting a movie and just to mention some

Social Media Impact on Advertising

2347 words - 10 pages ………………………………………….... Page 5 Benefits of Marketing on Social Media…………………………………………... Page 7 Conclusion………………………………………………………………………..... Page 9 Kiron McKenzie 4/10/16 MIS 300 Social Media Impact on Advertising Introduction: From the earliest starting point, online networking has importantly affected every one of us. Online networking began as a technique for individuals to either interface or reconnect with each other. As of right now, online networking

CEOs Reachable Beyond the Office

475 words - 2 pages . 53% accessed the Internet before work, and only 41% read a newspaper before work. From the same C-level executives, 82% personally checked their e-mail before starting work, 80% used search engines, 58% conducted online research, 28% read work-related promotional e-mails from marketers,, and 48% clicked on online ads. (Callahan, 2003).In conclusion, the research done on marketing through the Internet to reach top level executives is viable and

E-Commerce Individual Coursework

1784 words - 8 pages 1.0 Introduction Technology usage has been very common in this new era of globalization. In order to survive in today’s challenging business world, company has to be challenged with highly competitive pressure to bring out more effectiveness and effectiveness when running a business, especially online business. This case study is about PayPal, a well known company that provides digital money transfer service online worldwide by using new

Small Business Establishment, Development, And Management Unit 2 - Individual Project

696 words - 3 pages All businesses, both large and small, in order to secure investors, financing, or both, need to begin with writing an effective and thorough business plan. According to an article entitled, "Do You Hate to Write Business Plans?How Business Planning Helps Entrepreneurs Succeed"By William Clark, Past FastTracTM Executive Director, located online at:http://www.entreworld.org/About/FastTrac.cfm, thepurpose of a business plan is to help to guide both

Dell Harvard Case

2281 words - 10 pages . Michael Dell has presented a strategic objective for our company, to “…do at least 50% of our business over the web…” Despite our initial success selling online, we face significant challenges in this new online era: i) How can we encourage more online purchases? ii) Our competitors are fully aware of the business practices that are responsible for our success and may attempt to duplicate our practices iii) How can Dell Online

Web Presence For Retailers

1636 words - 7 pages Why does your small business need a website? According to the Small Business Administration, there are over 17 million small businesses in the United States, with over 100,000 new businesses starting every month (Small Business Administration). These days most consumers research the products and companies that interest them on the internet. The only exception is those companies that have been established for generations but they always have

Related Papers

Starting Up A Business Essay

1830 words - 8 pages STARTING UP A BUSINESS 2 A hobby is a great source of a business idea. Therefore, it would be simpler for one to turn such a hobby into a business venture. This paper will elaborate on such a business idea and how it will be operated. I’ve always had an interest in selling sunglasses and have made a decision to turn this into a

Starting Up A Business Essay

2769 words - 12 pages Business. [Online] Available at: http://www.fsb.org.uk/stats [Accessed 02 September 2012]. Hall, R., 2003. In: STARTING A SMALL BUSINESS. United States of America: Infinity Publishing.com, p. 92. New Line Steam Wash LTD, 2012. Company Social Reponsiblility. [Online] Available at: www.nlsteamwash.co.uk [Accessed 18 October 2012]. New Line Steam Wash LTD, 2012. Mission Statement. [Online] Available at: www.nlsteamwash.co.uk [Accessed 18

Entrepreneurship: Advice On Starting A Business

3636 words - 15 pages The venture to be the owner of an accounting and tax service provider is not a small task, and you have realized the challenges that many experience in starting their own business. Fortunately, you have taken steps early within the life of your new business in an attempt to correct any problems and learn from past mistakes in order to be successful in the future. In our previous communications you mention that you started your own business

Legal Procedures To Starting A Business

826 words - 4 pages heed to the issue. Here is a list below -a detailed summary of the bureaucratic and legal hurdles a startup entrepreneur must overcome in order to incorporate and register a new firm means starting a business in Bangladesh, along with their associated time and set-up costs in Bangladesh. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the