Business Description and Strategy -- Preparing to Launch Your Online Business

If you plan on starting an online business, consider writing down your business description and strategy. By now you know your company’s purpose and your strengths and weaknesses. Use that information as you work out your business strategy.

The key element in your business description is to address how your business will meet the needs of your customers. In other words, how are you uniquely positioned to get your needed product to the right people and make money in the process?

Now let's discuss the strategy behind your business. Consider:
What type of business are you (retail, manufacturing, consulting, etc.)?
Will you need employees?
Where is your business located?
What are your hours of operation?
How do you plan to make money?
What costs will be involved?
How much money do you need to start, and how will that money be spent?

Take the guesswork out of starting an online business by answering the questions above, along with the other questions found in this series of starting an online business blog articles.

For more information on starting an e-business or creating a new look for your current e-business, please visit http://www.hitwebdesign.com or call 1-866-211-0743. Stay current on the latest products and web trends at http://www.hitnewsfeeds.com/ .

Make Opportunities & Prepare for Unfortunate Circumstances--Preparing to Launch Your Online Business

As you go through the process of planning your online business, you may not have the answer to every question we ask. Don't worry if you don't have all of the answers now, because that is the whole point of doing this plan—to help you find and discover the areas that might sneak up and get you in the future. Having gone through the process of putting this plan in place, however, you will be better prepared to face unexpected turns and situations. Answer the questions you can and think about the ones you can’t. There are a lot of details that will come together as you go through this process.

Part of making your online business successful is knowing your strengths and your weaknesses, along with the (potential) strengths and weaknesses of your company.

What are you good at? What is your company good at?
What are the strengths of your products? Price? Selection? Variety? Quality? Brand association?
What are the strengths of you and your partners or team?
What are your strengths with respect to reaching customers and telling them about your product?
What are your leadership or organizational strengths?
What is the vision of your company and how is that a strength?

The answers to the above questions may be the reasons you want to start an online business in the first place. You must also look at your weaknesses. Good business owners strive to identify areas of weakness so they can turn them around and make them areas of strength. It's better for you to discover weaknesses than your competitors or customers to discover them for you!

How will the business run from start to finish?
Do we need to hire people?
Where will our products come from?
How will we get the word out about our company?
Do we have enough money to survive the start-up phase?
Do we have a good system in place to track orders and make sure our customers are happy?

This series of blog articles on starting an online business starts here (http://hit-webdesign-articles.blogspot.com/2010/01/best-way-to-start-e-business.html).

For more information on starting an e-business or creating a new look for your current e-business, please visit http://www.hitwebdesign.com or call 1-866-211-0743. Stay current on the latest products and web trends at http://www.hitnewsfeeds.com/ .

Preparing to Launch Your Online Business...Strengths and Weaknesses

As you go through the process of planning your online business, you may not have the answer to every question we ask. Don't worry if you don't have all of the answers now, because that is the whole point of doing this plan—to help you find and discover the areas that might sneak up and get you in the future. Having gone through the process of putting this plan in place, however, you will be better prepared to face unexpected turns and situations. Answer the questions you can and think about the ones you can’t. There are a lot of details that will come together as you go through this process.

Part of making your online business successful is knowing your strengths and your weaknesses, along with the (potential) strengths and weaknesses of your company. What are you good at? What is your company good at?

What are the strengths of your products? Price? Selection? Variety? Quality? Brand association?

What are the strengths of you and your partners or team?

What are your strengths with respect to reaching customers and telling them about your product?

What are your leadership or organizational strengths?

What is the vision of your company and how is that a strength?

The answers to the above questions may be the reasons you want to start an online business in the first place. You must also look at your weaknesses. Good business owners strive to identify areas of weakness so they can turn them around and make them areas of strength. It's better for you to discover weaknesses than your competitors or customers to discover them for you!

How will the business run from start to finish?

Do we need to hire people?

Where will our products come from?

How will we get the word out about our company?

Do we have enough money to survive the start-up phase?

Do we have a good system in place to track orders and make sure our customers are happy?

This series of blog articles starts here (http://hit-webdesign-articles.blogspot.com/2010/01/best-way-to-start-e-business.html).

For more information on starting an e-business or creating a new look for your current e-business, please visit http://www.hitwebdesign.com or call 1-866-211-0743. Stay current on the latest products and web trends at hitnewsfeeds.com .

What is your Company’s Purpose?

What is the purpose of your e-business? To make money, right? That’s one purpose. What are some others? Perhaps you have created or found a product that the world just can’t live without and you want to share it. Maybe you offer a service that will help others. You might have a hobby that you want to turn into a profession. Write down your purpose, whatever it is. If you have more than one purpose, then write each of them down in order of importance to you.

After you know what your purpose is, answer the following questions:

Why am I committing my time and resources to this endeavor?
How will I be helping others?
What needs will this business meet?
How will I be helping myself (owner), or ourselves (owners)?
What “greater good” will be served with this business?

Once you have answered these questions, you can form your company’s mission statement. Your mission statement identifies your e-business. Keep your mission statement to a few sentences. You can adjust your mission statement as your company grows and changes, but the core values included in your mission statement should remain the same.

In tomorrow’s blog article, we will talk about business details and description. In other words, we will flesh out the structure and details of your business and describe the framework for success that you plan to create.

This series of blog articles starts here.

For more information on starting an e-business or creating a new look for your current e-business, please visit http://www.hitwebdesign.com or call 1-866-211-0743.

The Best way to Start an e-Business

Before you officially “open the doors” of your e-business, you need to create a business plan. Turn your business idea into a plan that will help you succeed (or you may find it’s better to scrap the idea and come up with something better).

Putting a business plan together may seem like a daunting task. Our next few blogs will take you step by step through the process of creating a business plan, making the process a little easier for you.

Putting a business plan together will include completing a market analysis, a competitive analysis, an advertising plan, pricing, branding, a sales strategy, and much more.

You will want to consider marketing, financing, your target market, distribution of your product, finding out who your competition is, etc. In addition to considering these factors, you will want to set realistic goals for your small business.

Learn more about starting an online business here.

For more information, please visit www.hitwebdesign.com or call 1-866-211-0743.