Internet Business Plan What Does Business Plan

Length: 15 pages Sources: 1+ Subject: Business Type: Business Plan Paper: #97735135 Related Topics: Computers And The Internet, Internet Privacy, Internet, Web Conferencing
Excerpt from Business Plan :

(Horticulture and the advantages of using the Internet Technology)

What are the disadvantages of conducting business, large or small, on the Internet? They may be many. However, the most important disadvantages are: it can actually create a feeling of isolation; the businessman may feel that he has become isolated. This means that he may get the feeling that the World Wide Web is faceless and emotionless, and thus the business too is isolated and inhuman, devoid of contact with the real world and other human beings. After all, humans are social creatures, and such isolation would most often lead to the development of a feeling of depression. Another disadvantage is that since the World Wide Web is such a large area to work in; it encompasses in some cases the entire globe, and there is such a large amount of information generated on the web, it becomes very difficult to be able to tell the innate difference between the truths and lies.

In addition, it is difficult to tell if the person is lying or telling the truth, because of the simple fact that it is not possible to see the person's face and body language on the Internet. Another major disadvantage of using the Internet for a business is that of the real threat of an overload of information. This information can be either good or bad, and the fact is that even if the information is all good, it becomes very difficult for the businessman to assimilate all the information and make a judgment based on the information, because of the simple fact that it is an overload that is not really required. The final result would only be that of confusion, whereby the individual does not know what to take and what to reject. However, what must be stressed at this point is that the good more than outweighs the bad; there are more advantages than disadvantages in working a business on the Internet, and therefore, if one has any plans of using the Internet and the World Wide Web for conducting or even improving his business, then he must do it. (Advantages, Disadvantages of Internet Marketing, the Good the Bad and the Ugly)

How does one go about setting up the intended business on the Internet? An 'e-marketer' report shows why small as well as medium sized businesses on the World Wide Web have been projected as paving the way towards increasing the communications and the information technology sector by spending more amounts than ever before on them. The relevant figures demonstrate the fact clearly: while it was less than 6% before, it has now increased to more than 6% and up to 8% today. This is because of the fact that small and medium business ventures represent a very important and useful and a significant business opportunity to those who would want to take advantage of it. These businesses have only of late started to invest in IT systems and also in Voice Data systems and networks, and this leads to the inevitable fact that the small and medium business market will become very important for those vendors of technology and for IT service providers over the next few years or so. It is generally predicted that the number of these small and medium businesses all over the world will show a dramatic increase of 87.0 million companies from a 77.4 million from the years 2003 to 2008.

It is also a fact that most of this amazing growth would take place in the region of the Asia-Pacific and Eastern Europe, and in countries like India, China and Russia, the growth of these businesses would be the maximum, because of the fact that it is in these areas that the creation of such businesses is being encouraged unlike anywhere else. The small and medium businesses sector would have to be willing to make high levels of investments in sophisticated IT systems and networks and also in Voice-Data transmissions and this in turn would improve opportunities for the vendors of these items, though it will not be an easy task. It will be a tough job because of the fact that one size would not fit all, and this means that these businesses would require systems that have been specifically tailored to meet their own special needs, and the solutions offered by the vendors would have to meet these specific needs. However, when it is done, and done well, then the results would only be excellent, and the rewards would be great. (Small Businesses,...

...

Then the next step would be that of deciding whether the business would sell one single product or a single service or a multitude of products and/or services. Another decision to be made is whether the business would have an office set up within the four walls of a room, or will it be strictly web based wherein there would be no need at all for an office premises. Finally, will the business be a large or a medium or a small sized one. All these factors play an important role in the entire operations of the business plan and its ultimate success. (E-business plan-operations)

When taken in several easy to follow steps, writing a business plan based on the earlier research on all the advantages and the disadvantages of using the world wide web for pursuing a business, and the statistical research on the success that a business on the Internet would enjoy if done well with a good plan of implementation, it is now time to learn how to write a business plan. The first step in writing this complicated document is to determine, at the very outset, who would read this business plan, and this is what would naturally shape the plan that is to be written. For example, if the business plan is for 'bank financing' or for 'investors', the plan would deal with either debt finance or with equity finance. Numerous facts and figures must be added to the business plan so that the various assumptions of the market would be revealed clearly to the reader.

The second step would be that of undertaking an in-depth analysis and research of several different important areas. Taken up-to-date, the research would have to include one's won experiences if any in the chosen field of business, and the data generated would have to be backed and supported well so that its authenticity is not doubted. All types of already published information can be made use of for the purpose of this research, and this information can be taken from books, the Internet, or from any other sources. The next and third step would be to create files for each section of the business plan to be written, into which all the experiences and information can be transferred. The files may be created on paper or on the computer or can be set up utilizing computer-based software for the writing of a business plan.

The fourth step generally involves the research or an overview of the industry or service for which the business plan is being written. This also means that the writer would have to have a basic understanding of that particular industry for which he is making the plan, and when armed with such knowledge, it would be easier to gather more information from experts on the subjects as part of the research process, so that the best and the most pertinent questions may be asked of them without fear of making a mistake or even embarrassment. It is only after the collection of the data that the actual planning can begin, and this is the fifth step of writing a business plan.

During the next and the sixth step, the write must be able to sit with an accountant and discuss the financial aspects and the practicality of the plan that he has undertaken to write. This is the only method in which realistic projections may be made to the client, or else overly optimistic plans would only give rise to disbelief and also in some cases, disappointment. The seventh step can now take place, and this is the writing of the executive summary of the entire plan, wherein all the various key points may be highlighted and the hoped for returns may be stated along with the payback requirements for the loan that has to be taken.

Review and editing is the last and final step in writing a business plan,…

Sources Used in Documents:

References

Advantages of Internet Trading" Retrieved at http://icliverpool.icnetwork.co.uk/business/hotprospects/tm_objectid=14090017&method=full&siteid=50061&headline=advantages-of-internet-trading-name_page.html. Accessed on 19 January, 2005

Beery, Tim. "The Different Types of Business Plans." Retrieved at http://www.bplans.com/dp/article.cfm/193Accessed on 19 January, 2005

Bucher, Has-Juergen. "Crisis Communication and the Internet, Risk and Trust in a Global Media." Retrieved at http://www.firstmonday.org/issues/issue7_4/bucher/. Accessed on 19 January, 2005

Communicating." Retrieved at http://www.sandiego.gov/public-library/pctech/tech/general/commun/1.shtml. Accessed on 19 January, 2005


Cite this Document:

"Internet Business Plan What Does" (2005, January 21) Retrieved June 16, 2021, from
https://www.paperdue.com/essay/internet-business-plan-what-does-61045

"Internet Business Plan What Does" 21 January 2005. Web.16 June. 2021. <
https://www.paperdue.com/essay/internet-business-plan-what-does-61045>

"Internet Business Plan What Does", 21 January 2005, Accessed.16 June. 2021,
https://www.paperdue.com/essay/internet-business-plan-what-does-61045

Related Documents
Business Plan Idc Interiors Aims
Words: 3240 Length: 12 Pages Topic: Business Paper #: 63132586

[2: www.med.govt.nz/business/business.../structure-and-dynamics-2011.... ] The primary research of the Auckland market presents the following sectors for consideration for the new venture: The demographics in the target market include: college going and married women with children who either are working mothers or stay-at-home mothers; this makes the age group anywhere between 25 to 55; the overall annual income of the household is more than AUS $100,000; the property owned by the target individual

Business Plan for Internet Site
Words: 1160 Length: 4 Pages Topic: Business Paper #: 37188345

This will be achieved by creating a comfortable Internet shopping environment, one in which the net surfer will be drawn to and will find easy interfacing for maximization of purchasing. All of the marketing initially will be done on the Internet using three main media: 1) Search Engines, 2) News Groups, 3) Banner trades. The search engine positioning is the only valid method of marketing. This involves efforts at getting the

Business Plan Insignia Systems Insignia Systems, Inc.
Words: 4680 Length: 17 Pages Topic: Business Paper #: 11223274

Business Plan INSIGNIA SYSTEMS Insignia Systems, Inc. Business Plan The Business Profile: Insignia Systems, Inc. Business Description "Insignia Systems, Inc. markets, sells and supports in-store advertising and promotional products, programs and services designed to provide retailers and consumer goods manufacturers with highly effective in-store programs and point-of-purchase display materials" (Insignia Systems, 2012) Insignia is engaged in advertising to customers in a retail environment who may otherwise not see the product advertised. One of the slogans that

Business Plan Relating to the Sale of a New Financial Divorce Software...
Words: 6850 Length: 25 Pages Topic: Business Paper #: 96636947

Business Plan for a Financial Divorce Software Business Plan Divorce Software Business Plan relating to the Sales of a new Financial Divorce Software. Business Plan relating to the Sales of a new Financial Divorce Software F F1 F2 F3 G1 G1(a) G1(b) G1(c) Business Identification Keys to Success Company Summary Industry History Legal Form of Ownership Location and Facilities Management Structure Products and Service Market Analysis Target Market Industry Analysis Competitive Analysis Market Strategy Ps of Marketing Price List Selling Strategy Sales Forecast Implementation Strategy Overall Strategy Implementation Control Plan Financial Statements and Projections Revenue and Cost Estimate Forecasted Profit and Loss Statement Forecasted Balance Sheet Financial

Business Plan for Organic Fertilizer
Words: 3068 Length: 8 Pages Topic: Business Paper #: 28050228

We can use this opportunity to establish loyalty among our existing customers, develop referrals among our customers to their colleagues, and establish our brand and credibility as local suppliers of organic fertilizer of high quality and at a good price to our market. With this in place, it will be difficult for any new market entrants to displace us in our local area as the main suppliers of organic

Business Plan This Is a Business Plan
Words: 2119 Length: 7 Pages Topic: Business Paper #: 33738080

Business Plan This is a business plan of Scarves Unlimited. The business will be a partnership business between Andy, Brandy, and Savanna. The partners of the business intend to improve business operations, and ensure there is increased productivity in the business. Therefore, this business plan will clearly illustrate how the business plans to operate, market its products and services and introduce technology in its operations. This is aimed at ensuring the