E-Business & Start Up Costs

STARTING A NEW E-BUSINESS

Name

School

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E-business

E-business refers to the conduct of business activities over the internet; not just buying and selling but also customer servicing and collaborating with business partners. It’s a new culture for conducting businesses with major capabilities of exploiting the availability and convenience of internet worldwide. Many companies have already discovered ways of making successful use of the internet for instance, Amazon.com. The increased internet security has given many companies an opportunity to conduct their business over the network without any security concerns. When starting a new e-business, one is required to calculate the start up cost and plan accordingly to avoid any frustrations along the way. However, the introduction of new rules of e-business, which favor small companies, has made it easier to conduct business online. The main reason for calculating the start up cost is to enable a person to estimate the costs according to their unique requirements. This allows the e-business owner to calculate costs on the higher end, in order to take care of any inadequacies along the way (Robert & Melisa, 2005). However, this part of planning depends on an individual’s surrounding area and the range of products to be retailed in the e-business website. Any person starting anew should bear in mind that, many e-business ventures start out as small ventures and grow to become enormous with large amounts of revenue. Therefore, apart from the costs and other planning, one requires all the proper licenses to allow them operate an e-business in the vicinity.

A rough calculation of the start up costs for an e-business

Hardware (computer system and peripherals) | $ 500.00 |

Software programmers | $ 100.00 |

Internet Access | $ 400.00 |

Domains (3) | $ 45.00 |

Online store and web hosting (basic) | $ 2,500.00 |

Website development (advanced) | $ 2,000.00 |

Content creation (occasional) | $ 3,000.00 |...