Business Start Up Term Paper

Download this Term Paper in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Term Paper:

Business Start Up

Small Information System: Profitability of a Website Business

In any business, the primary objective is to earn profits, and even the smallest business website has to be effective in earning money. In 2002, there was a survey on small business Internet that was conducted by the Verizon of Gallup and they found that as much as 55% of the small businesses on the Web covered their costs, or made money. A significant growth was recorded by 41% of the businesses. Some experts in the business now feel that having a Website is almost like having an electronic business card, and gives many people the first impression about your business. This carries forward to tell the details of appealing, information or transaction, designed for the right target audience, worthy of repeated hits, situation in updating or maintenance, speed and simplicity of loading, developing of the process of business, or developing processes that play major parts in business. (Is Your Small Business Website Profitable?)

The access to Internet is a common feature shared by almost everybody, and the Web provides more tools in research to the people including information about travel or even local restaurants. This makes an effective website an easy way for advertising the business and after the business has been able to set up its own site, and then the maintenance should be comparatively cheap. Using a website is the right method for getting an active audience. Then the people coming to the website are an active audience and keenly interested in knowing what is on offer. The other media like print advertising, telemarketing and mass mailing only provide passive audiences. When the audience is active, it is seeks information, and this can be provided by the site to give them a positive feeling. (Is Your Small Business Website Profitable?)

The advantage of having a website is that it still gives individuals the opportunity of using other methods for advertising. On the other side of the argument, the website may take a long time to load, and provide a lot of flash and fluff, but no information, and may even be out of date. This sort of an image will put the business and the related image in trouble. When a visitor is trying to find out information about a site, and is unable to find it out due to the shortcomings of the website, the individual is not likely to come again. Thus when a site is used for picking up new business, it should be used to the greatest advantage. (Is Your Small Business Website Profitable?)

Starting the business

For starting a small information system consulting business, it is best to get some card that explain the services that are on offer, and the rates should not be mentioned. When rates are mentioned, they are likely to tie the individual down to the lowest rates that he will be offering at the start of business. The main method of informing customers should be through talk. This has to be tolerated by the others involved. This is the best method of bringing in new business and this comes because having knowledge of people with troubled computers is common, and when an individual is successful, the information about the man who is able to set things right spreads. When one finally gets an opportunity, it is best to provide service in quantities more than the expectation. One has to remember that the initial jobs are only laying down the groundwork for future jobs, and this helps in getting other jobs. The best sort of job to get is of a company that does not have its own IT staff, but is already of small or medium size. This helps in getting a lot of future work, as all businesses know that time is money. They also generally pay on time, and do not store a lot of rubbish within their systems, and if by chance the job extends beyond the budgeted time, the businesses tend to pay for the extra time spent. (Getting Started In Information Technology Computer Consulting)

The home-based clients on the other side tie up the money to be paid with the price paid by them for the PC. This reduces the charges that they are likely to pay due to the declining prices of PCs. The operations of businesses are different and they fix a certain value to their time and data, and this eases up the methods of working with them. The important thing is to gain their trust, and once they are confident about capabilities, then they do not mind even if their employees call the suppliers directly. Another group of good persons are those who work out of home offices. Here also the client thinks that time is money, and they also believe in people who perform better than their expectations. When a good job has been done, it is useful to collect referrals, and for this purpose it may be useful to leave a lot of extra visiting cards with these clients. (Getting Started In Information Technology Computer Consulting)

Sometimes there may be different jobs even the location is the same. In these cases it is better to make sure that the problems in all areas are solved even though the job may be with only one part of it. Of course one has to leave details with both the parties so that one will be called later at both ends. Another important aspect is getting paid for the bills for the job done, and this has to be decided on the judgment about the party. It is better to tell people that the bill is due on receipt, but clients will still not pay on receipt. On the other side if that is not mentioned, then all businessmen would feel that the payment has to be paid within 30 days, and make the payment accordingly. Thus it is better to give a payment due notice on the bill, and when the 30 days are over, it is better to send a second invoice with a past due notice on it. In spite of all the efforts, some clients still delay their payments, and they are irregular in terms of their payment.

It is good to continue working for such clients, if one is sure that the clients are good to service. This is good for business users, but for home users, the payment has to be collected on the spot, or immediately afterwards. The payment pattern should be like a PC shop, and they expect the payments to be completed before delivering the item. Here also it is useful to apply some amount of judgment, and the problem becomes worse when the buyers ask for some item, and end up taking a lot more of attention and service than originally expected. This makes one prepare the invoice only after the job is completed and not in advance, as the estimate of charges may ultimately change. At the end of the job, one should advise the client the cost, and then send the invoice to the party by e-mail later, and after the payment has been received. (Getting Started In Information Technology Computer Consulting)

The most important point is to decide how serious one is about the information consulting business, and when serious, one has to take time set oneself up properly. This attitude pays dividends in terms of increases in revenue and savings in taxes. The office may be though about in a room in the house itself, and this helps an individual to deduct all costs related to the office from the earnings one has made as a consultant. The laws of business do not specify that a business has to be profitable, and it is enough if one keeps correct record of the expenses, even if that leads to a situation where the expenses end up being more than the income. This helps individuals who have other sources of income, as part of that income also becomes tax free, due to the losses in the business. One would definitely like to see that the business earns money, but till the time that it does not, there should be attempts to save money in all possible manner.

Quite a few items are deductible from taxes and some of them are things like insurance, utilities and internet costs, and these have to be taken in proportions to the area occupied by the business. It is important to set the unit up as a business so that the business can charge sales tax. The people in service industry sell their time, and then there is no reason why they should not sell parts also and increase the costs of the parts by 10%, so that one can make more money. Some suppliers ask the clients to purchase the items separately, and offer their services only for installation, but this is only a loss of income for them.…[continue]

Cite This Term Paper:

"Business Start Up" (2004, June 28) Retrieved December 4, 2016, from

"Business Start Up" 28 June 2004. Web.4 December. 2016. <>

"Business Start Up", 28 June 2004, Accessed.4 December. 2016,

Other Documents Pertaining To This Topic

  • Start Up Company That Offers Bookkeeping Services

    Start Up Company That Offers Bookkeeping Services The purpose of this business plan is to identify how the financial services firm we are opening will be able to address the specific needs of customers. In this chapter we will focus on select aspects of the business itself including: business identification, the mission / goals / objectives and the keys to success. Once this takes place, it will provide us with specific

  • Start Up the Orange Grove Group

    After the site is chosen, then an architect and site designer will have to be consulted so that the final plan for the use of the land can be created. Once the real estate site is finalized and the use of the property is developed through the necessary schematics and blueprints, the next phase will involve raising the capital necessary to proceed with the plan. There are several ways to

  • Starting Up a Business Start

    Bibliography 2008 -- 2009 Guide to Boston's Before and After School Programs. (2008). Retrieved June 30, 2010 from Bostnet website: Boston After School and Beyond. (2010). Retrieved June 30, 2010 from City of Boston website: Young Achievers. (2010). Retrieved June 30, 2010 from Robert Wood Johnson Foundation website: Damon, W. (2006). Programs Designed for Second Languages. Handbook of Child Psychology, (pp. 93 -100). New York, NY: Wiley. Erichsen, G. (2010). 10 Fact

  • Business Plan Business Financial Plan for Sweet

    Business Plan Business Financial Plan for Sweet Tooth Treats Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know

  • Business Plan for a Daycare Center Comment

    Business Plan for a Daycare Center Comment by Sabina: I work for one of the fortune 500 companies and most of the employees who work in my organization is very happy with their job. I work in a 10 story building where more than 50% of the offices belong to my organization. There are a few other companies that are located in the same building. I have heard many employees in my

  • Business Ethics When the Truth Takes a

    Business Ethics When the Truth Takes a Stretching Class Maria Bailey clearly and blatantly misrepresented the size of her start-up business, but shrugged it off saying she knew what she was "capable of doing" and just wanted to show potential clients "what we were going to be," rather than tell them the truth about how fledgling her business actually was at that time. Was it immoral for Mary Bailey to misrepresent her company? Looking

  • Business Plan for Solar and

    Mounted on the side of the pole are 2 solar panels made by F3 Solar that are capable of generating up to 80 W. Of power. -No lamp changes -- sealed for life. -Fully controllable with excellent colour rendition -Multi combination outputs. -Remote electronics. -LED Life expectancy -- 25 years + Prices vary by distributor Green Column ( / green_column.asp) The wind and solar powered solution delivers free, renewable energy which is stored in a battery ready

Read Full Term Paper
Copyright 2016 . All Rights Reserved