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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.
Tara Duggan is a Project Management Professional (PMP) specializing in knowledge management and instructional design.
For over 25 years she has developed quality training materials for a variety of products and services supporting such companies as Digital Equipment Corporation, Compaq and HP.
After learning about other businesses, write a description of how you plan to differentiate your e Business from others.
This will help you build a compelling story that investors find attractive.
It forces your to consider all aspects of your business and how you plan to grow it.
is a great resource for information about setting up a new enterprise, and we have used their template as a basis for the business plan structure we abalyse below. You need to be clear and concise - this is what you might use to present your idea to your bank manager or potential investor.
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.
The plan should also describe research and development activities the founders have conducted so far, as well as activities planned for the future.
The financial section of an e Business plan states the budget.