...When Starting Your Home Based Website Business Starting your own home based web business can be the dream of a lifetime. Working from home, no boss to answer to, make your own hours and spending more time with your family always sounds like a really sweet deal. There are a whole lot of positives to working at home. But there are some obvious common mistakes to avoid that are overlooked by so many starting a home based business. Not taking your home business seriously and neglecting to consider these common mistakes will increase your exposure to failure even before your business gets off the ground. Lack Of Dedication And A Plan – When you are working at home, it is extremely easy to become distracted, spend time with the family or wander off to watch television because you are the one making the rules. That is why you need to have a detailed business plan that outlines what your vision is for your home business, what your goals are and how to accomplish them. Also, you need to set benchmarks to determine where you expect to be as far as developing your business in one year, three years, five years and so on. You can also inject into this plan what your estimated expenditures are so you have an idea of costs. Also include what you personally expect to realize from this venture. If you can’t do this, then don’t start a home based web business. No Dedicated Office – There needs to be a dedicated separate space or room that is exclusively for the home business. As...
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...of technology evolved e-commerce. E-commerce is a form of business where transactions or facilitation of business are done on the Internet (Khurana, n.d.). E-commerce “eliminates limitations of time and geographical distance,” as well as “streamlines operations and lower costs” (Khurana, n.d.). Through e-commerce startup, businesses can either do exceptionally well or fade out. The businesses that will exceed make use of resources available to them, as well as having knowledge about their customer base and competitors. The ExchangeHunterJumper.com is an e-commerce business that will be reviewed to discuss how the owner made her business successful through the customer base, competition, social media, user-friendly web pages, and customer personalization in e-commerce. E-Commerce: The Exchange E-commerce is an evolution of the Internet. According to Laudon & Travor (2012) the Internet has three stages of development: 1) Innovation, 2) Institutionalization, and 3) Commercialization. Innovation stage was through the period of 1961-1974, in which the fundamental building blocks are conceptualized and realized in hardware and software. Institutionalization stage was through the period of 1975-1995, in which large institutions provide funding and legitimization for the Internet. Commercialization stage is through the periods of 1995 to present, in which private corporations take over and expand Internet backbone and services to ordinary citizens. E-commerce today...
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...Western Governors University (WGU) Business Research & Writing (RTW1) FTI Consulting Inc. December 20, 2012 Tables of Contents: Executive Summary……………………………………………………………………..1 Introduction……………………………………………………………………………...1 Advantages of Online retail Marketing………………………………………………....3-4 Disadvantage of Online retail Marketing………………………………………….........3-5 Potential Impact of Online Sales for Company……………………………………........5-6 Requirements for a successful Online Market Campaign…………………………........6 Recommendation………………………………………………………………………...7 Analysis on Starting an online retail marketing………………………………………...8-9 Conclusion………………………………………………………………………………9 Source page…………………………………………………………………………...10-11 Executive Summary Section: In this report will illustrate the findings and analysis done for the online marketing opportunities directed towards retail sales. This report will help guide and illustrate to viewers in all business aspect about the understanding of the advantages and well as disadvantages of marketing products and or services online. This report will also give you a better sense of how easy, fast, and convenient to market a product or service successfully and how many endless opportunities there are when promoting or establishing a product online. This online retail marketing will eventually be the norm of how to do business online rather than in stores or other places. If anyone wants to start a online retail business and to grow your online sales this report...
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...are listed: 1). Outsource by using an information technology firm to develop the system for you 2). Purchase off-the-shelf prepackaged information systems software 3). Use open source software 4). Purchase an Enterprise Resource Planning System with the accompanying needed support for implementation. b. One option available to Gerbang Furniture was an enterprise-wide system. What features does an enterprise-wide system, such as SAP, provide? What is the primary advantage of an enterprise-wide system? An Enterprise-wide system such as a SAP provides the ability to integrate information across the organization. It has business function modules that are tied together that share a common database so that everyone has all the information. That common database is the single repository of data for all aspects of a business process and enables flexibility of the modules . A single repository ensures that the data is consistent and accurate with less maintenance required. The integration is its primary advantage. The end result is a reduction in redundancy in data. The primary advantage of an...
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...Small-Business Idea Paper The Dream of Cooking – Grandma Style Christopher Havins University of Phoenix ACC/561 Chuck Royes February 15, 2012 Small-Business Idea Paper The Dream of Cooking – Grandma Style Since graduating high school, starting a new business has been a major priority. In 2012, the federal government, in coalition with state governments, has released funds for creating small businesses. With much excitement surrounding the prospects of becoming an entrepreneur, proper research and planning is the first step in running a small business. Because of the recession, Dub & Bradstreet reported in 2011 that “across the United States, small business failure rates rose by 40% between 2007 and 2010” Therefore, understanding not only the industry, but the legal, tax, and accounting implications is vital to securing a prosperous future. “ The dream of owning a small business has centered on starting a restaurant – full of grandma’s home cooking. Restaurants, thought of as a risky business venture, have the same failure rates as other new businesses. “A longitudinal study of restaurants in Columbus, Ohio found the failure rate for restaurants was 57 to 61 percent for a three-year period (1996-1999) – still high, but much more in line with other businesses) (White, 2011). While restaurants may not be any more risky, the preparation work opening the business will be critical to future success and ownership protection. ...
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...Today’s global business market is changing it economics and structure very quickly. Some companies are coming some bankrupts, but it is very difficult to compete with large international companies. With internet came a lot of innovations for business. Today big part of market are using e-business to broad their companies, so for the new one is very difficult to compete with them and they need to find smart ways to get on the global market. For the new company on the global business market is a very good step for next level of competitiveness to make a website. Nice and simple designed website with correctly structured information and few nice pictures on it could attract more interest of people for that new business. To move your company for e-business is a very good idea. It gives you a lot of opportunities. Internet is most popular source of searching information, so presence of your website on the World Wide Web is a good chance to be noticed and attract new customers. Internet opens door for opportunity and innovation. Because internet doesn’t have borders your company gets available for any country in the world, anywhere where is internet. Actually just with basic website your business isn’t yet as flexible as could it be, but there are always opportunities to develop it and expand your business. Website will give you more functionality. There you could put information about your services or products, open hours and your contacts. Then you could be easily contacted by someone...
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...what it is and its advancing role in this Internet age. E-Commerce or Electronic Commerce (EC) is the practice of buying and selling varied good and services on the World Wide Web (Internet). e-Commerce in its basic sense means the same as traditional commerce where buyers and sellers come together for doing business by buying and selling goods and services. The difference is that e-Commerce happens over wired communication lines connected throughout the globe where the World Wide Web serves as the central medium for all trading transactions. e-Commerce also happens through the use of more limited forms of communication such as email, facsimile or fax. e-Commerce enables sell and purchase of commodities and services right from your home and without leaving for seeking what you need. You have to simply hit the service provider's website, search for what you need or setup what you want to provide and instantly get the business done. If you are making purchases online for virtual products and services, most of the time you will get the products and services at the instance of your payment acknowledgment. Monetary transactions happen over secure gateways and encrypted channels, so we can term e-commerce to be a reliable trading environment. Payments can be made with the use of Credit Cards, e-Checks, Payment Gateways or even through traditional payment systems. Types of e-Commerce Business to Business (B2B) Business-to-Business e-commerce has been around for some time...
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...Phoenix Global Business Strategies MGT/445 January 11. 2009 Country Risk and Strategic Planning Analysis Paper The following paper analyzes the risks associated with starting a global business venture in the Philippines. The business is the manufacture and sale of FOY, an anti-aging supplement that will revolutionize the health and beauty industry. A strategic planning outline will be included to manage risks, clarify the organization’s objectives, and implement the successful introduction of this product to the global market. The Philippines have laws that require all foreign organizations to open an office in a domestic subsidiary, in a foreign representative office, or in a foreign branch office. A business license from the Philippines, registration of the business, who is part of different government agencies, and certification of incorporation, are also requirements for starting a business in the Philippines (Culangen, 2009). Projects and businesses in the Philippines are at risk of closure due to the high percentage of corruption, this, in turn, forces political parties to reduce the improvement and growth of infrastructures. The political issue of corruption has prevented the Philippines from gaining investors from other countries (Political and Risk Consultancy LTD., 2008). The low rate analysis of the islands can affect the performance of business transactions in the country. The Philippine government usually imposes business exchange controls...
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...Starting an E Commerce Online Business Keller Graduate School of Management Managerial Applications of Information Technology 11/12/2011 [Type the fax number] Jamie Lynch You want to start an E commerce business selling your products and services online but how to get started? Milestone 1 Problem: The business problem to be solved is how can an entrepreneur start and maintain a successful E commerce business online? Background: The first key to starting a successful online business is to first understand ecommerce and how it operates. Most people understand that ecommerce or electronic commerce refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, it stretches beyond just the buying and selling of goods; it also includes an online process of developing, marketing, selling, delivering, servicing and paying for products and services. “The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well”. (Electronic Commerce, modified...
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...businesses in America today. Starting a business takes lots of careful planning. There are many things to take into consideration when starting a business. These things could include startup cost, equipment that may be needed, number of employees and many other things. A conceptual small business startup business that I would like to plan, develop and operate is a mobile notary signing agency. A notary signing agent is someone that is not only a notary public, but also is licensed and bonded to sign for real estate documents and other legal documents that regular notaries are not able to do. The startup costs for this type of business are very low, because this type of business can bet set up in a home office. First of all, I would need to first get a notary license for the State of Arizona as well as get bonded. After the notary certification has been received then the notary must take a class and pass the test to become a notary signing agent. Once this is done, the notary must become bonded at a higher amount than just a notary also they are required to purchase E & O (Errors and Omissions) insurance for themselves. Once all this is completed I am ready to start the set-up of the business. Since this is going to start off has a home based business a small office space is needed. Also, because this is a home business the only employee will be myself and most likely an outside accountant to handle the financial aspects of the business. A computer, printer, copier...
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...Starting an Internet business sometimes troublesome and complicated on first glance but actually it is easy as pie! Here are some tips on starting internet business that can simply done in your home computer! Define what are you going to sell and what is the suitable website You have to make sure on what are you going to sell. Is it music instrument? Headphone? Article? You have to make guidelines and if necessary, the business canvas first. If you are confused about how to make a business canvas or deciding what to choose just find it on this blog Find best way for payment method There are many payment methods that can be used in internet business nowadays, such as paypal, moneybookers, wire transfer and such but what is the most effective one? In our opinion, you should make a paypal account. The reason we tell this because paypal is widely used worldwide and updates their security regularly. Another payment that might be used is moneybookers. They use less money if you transfer funds using moneybooker but they are not widely acceptable. Differentiate! Make it different After we find out what to sell or make and the best payment method, now lets focus on the product and service that we have. To make our business successful, we have to make our product as unique and as “shiny” as possible. Make the product different! That is the key, to make this clear lets take a look at one of the business in Indonesia called Keripik Maicih. Maicih is a spicy cracker that...
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...CHAPTER 2- MARKETING STUDY Marketing Study The function of the market study will pinpoint the projects general to specific market feasibility. The Market Study will also help the proponents to obtain more information and relevant facts about the customer needs and their opinions to arrive at the necessary guidelines to meet the business objected. Marketing research Is the function that links the consumers, customers, and public to the marketer through information - information used to identify and define marketing opportunities and problems; generate, refine and evaluate marketing action; monitor marketing performance; and improve understanding of marketing as a process. Market research Is any organized effort to gather information about markets or customers. It is a very important component of strategy. The term is commonly interchanged with marketing; however, expert practitioners may wish to draw a distinction, in that marketing research is concerned specifically about marketing processes, while market research is concerned specifically with markets. Market research Is a key factor to get advantage over competitors. Market research provides important information to identify and analyze the markets need, market size and competition. Market research include social and opinion research, is the systematic gathering and interpretation of information about individuals or organization using statistical and...
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...Of Industry * Recommendations * Conclusion * Reference List Introduction This is an Environmental Analysis report of a company. This report consists of the Company background, Country background, SWOT Analysis, PEST Analysis, Porter’s 5 Forces, Recommendations, Conclusion and Reference List. Company background is to know how the company runs their business and more in depth of a company. Country background is about why that specific country was chosen for this report. SWOT Analysis consists of Strength, Weaknesses, Opportunity and Threat. PEST Analysis consists of Political, Economic, Social – Culture and Technological. Porter’s 5 Forces consists of Threat of new entrants, Threat of substitutes, Suppliers, Customers and Intensity of rivalry. Company Background Starhub Limited is a telecommunication company which provides a full range of services over mobile, internet, cabletv in Singapore. Starhub has been in telecommunication industry from 7th May 1998 till present. Starhub was the first company to introduce free incoming call for mobile postpaid plans. Following which, Starhub established internet services such as fiber optic and cable broadband, Cabletv for entertainment purposes. Country Background Malaysia has been chosen as Country background for this report. Malaysia is located close to Singapore. Malaysia living environment is at...
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...Computer Concepts and Applications-GS July 2015 Final Project You have been hired by a medium size (approximately 200 employees) widget manufacturing company to do a complete evaluation of their computer needs and make recommendations to them about an information system to support their business. Currently several of their support departments are using manual processes and they wish to automate their accounting and human resources business processes. They also want to harness the power of the Internet in their business. Making Your Company Greater Through Technology As we head into the future, it important for any business organization to be prepared. The evolution of business technologically is rapid, and it’s important to stay updated. As this company continues to grow, many changes need to be considered to help its continued success. One of the most important changes that need to be considered is an implementation of an information system to support the business. This system will be implemented throughout the company and support departments such as accounting and human resources. What is an Information System? An information system is the corresponding networks or components of hardware and software that are used to accumulate, filter, develop, create, and deliver information. There are four main components of an information system: hardware, software, data, and communication. Hardware is the part of the information system that a person can touch- the tangible...
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...Atwood and Allen Consulting Page. Individual Assignment: Employment Law Compliance Plan Purpose of Assignment For this task, Traci has asked you to develop an employment law compliance plan for your chosen client. This task will help you gain a better understanding of employment laws at the city, state, or national level. It is also important for you to understand how to be compliant with the applicable laws, and what the consequences are of noncompliance. Knowing laws that are applicable to employment in various business situations is essential starting and maintaining a successful business. Lists at least 3 employment laws the client must be concerned about Includes brief summary of each law Includes consequences of noncompliance with laws Includes recommendations for compliance with identified laws The paper is no more than 1,400 words in length. Format your paper consistent with APA guidelines. Use at least two (4) references from the reading assignment, Internet articles, Electronic Reserve Readings articles, or HR journal articles to support your paper. At least one(1) in-text citation must be from the text book. HRM 531 WEEK 2 EMPLOYMENT LAW COMPLIANCE PLAN To purchase this, Click here http://www.activitymode.com/product/hrm-531-week-2-employment-law-compliance-plan/ Contact us at: SUPPORT@ACTIVITYMODE.COM HRM 531 WEEK 2 EMPLOYMENT LAW COMPLIANCE PLAN HRM/531 Human Capital Management Complete the Employment Law Compliance Plan task as described in the message...
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