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Running An Internet Business

5 Critical Tips for Starting an Online Business

Jose Ward - Sunday, August 17, 2008

1. Clearly define your business idea and be able to succinctly articulate it. Know your mission
2. Examine your motives. Make sure that you have a passion for owning a business and for this particular business.

3. Be willing to commit to the hours, discipline, continuous learning and the frustrations of owning your own business.

4. Conduct a competitive analysis in your market, including products, prices, promotions, advertising, distribution, quality, service, and be aware of the outside influences that affect your business.

5, Seek help from other small businesses, vendors, professionals, government agencies, employees, trade associations and trade shows.  Don't be afraid to ask questions!
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