Business Plan Online Business

What are all the steps involved in starting your own online business?

I currently have my own website and I have a bunch of stuff I want to include in the store. I am also aware of the tools I need to actually get the business on the internet, however, I am unsure if I need to make the business “official” since it will be online only. Like do I need to get a federal identification number? Do I have to become a type of company ie., corporation, LLC etc. Do I need to get some kind of special license? Do I need to write a business plan? Can I still go to a bank for a business loan? If so, what type of information should I bring or have in place before I go?

The best routes to take are to research the process of starting a business as well as the industry you’re interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* Starting an Online Business For Dummies, 4th Edition by Greg Holden
* How to Start and Maintain A Successful Online Business by Kelly Thornton
* The Complete E-Commerce Book: Design, Build, and Maintain a Successful Web-Based Business by Janice Reynolds

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Starting a New Business – Part 1, Introduction

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