7 Steps to Start an Online Business

Management consultant, blog writer, dreamer

Having your own online business is a dream that many of the readers of this blog may have. There are however important steps to start an online business that needed to be followed.

Starting an online business, although it operates in a different channel, is not that different from starting a Brick and Mortar business. In both cases you need no do certain things in order to get your business up and running.

The 7 steps to start an online business

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You can create a Website in less than 20 minutes – then what?

Management consultant, blog writer, dreamer

It’s very easy to create a website. Why not? Almost every business and professional person of note has a website. Surely, if you create a website your business will flourish, and with billions of web users to target – wow, the money is there to be made.

A recent blog page by wix.com “7 Tips for Creating a Stunning Website for Free” achieved 3.7 million likes. Indeed, the people want websites.

So you can start to create a website. It’s very easy…

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Borrowing Money from a Bank to Start your Business

Management consultant, blog writer, dreamer

Borrowing money from a bank to start your business is not an obvious option for prospective business owners. Unless you are well known, with a track record of starting and running successful businesses, no formal sources of capital are likely to invest in you in the early stages of your business 1.  Banks usually require an operating history to reduce their risk.

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Using Personal Savings to Start Your Business

Management consultant, blog writer, dreamer

You, the aspiring entrepreneur, frequently have three sources of getting money to start your business: (1) personal savings, (2) friends and relatives, and (3) other individual investors. Using personal savings to start your business to start your business will now be discussed.

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Every Business Needs A Business Plan

Management consultant, blog writer, dreamer

Many small businesses start without a business plan. There is no vision (where do they want to be?); or mission (how will they get there?). Nor do they have any goals or strategies.

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