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This tool guides a potential e Business owner in describing his e Business' objectives and goals.Effective small business owners create an executive summary that clearly states how they intend to overcome problems commonly associated with online businesses, such as difficult-to-use websites and inefficient distribution systems.
It also provides graphs and charts to show projected growth plans.
To conduct a market analysis for your e Business, research online companies serving the industry in your area of expertise.
An effective e Business plan proposes a strategy for shipping products overseas and handling taxes, duties and international laws.
It also describes a plan to collect sales taxes when necessary.
If the business owner seeks funding, it lists the amount required and the projected return on investment for the online business.
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This section also identifies the costs associated with building the e Business website, including deskops, laptops and mobile devices. For example, websites such as Homestead, Openxcell and Free Webstore provide functions to set up an online shop and accept payments for it, using applications like Google Checkout and Pay Pal.
For example, a budding e Business owner might search the Internet to find out how many other companies supply the same type of products and services.
This will give him an idea of how much competition is out there, and whether there is enough demand to support another company.
Writing a business plan typically starts with downloading a template or developing a simple format.
Alternatively, the Small Business Administration provides an online wizard to generate a plan for you.