Starting a Business
Abstract
In this paper I will be discussing the advantages and disadvantages of taking my small business online by performing a SWOT analysis. I will also be discussing key issues that a company faces when it conducts international commerce. Then I will be discussing the complicating factors that come with e-Commerce to comply with the law. Lastly I will describe 2 online crimes prevalent in e-Commerce and what I would do to prevent these crimes.
Starting a Business Online
Advantages and Disadvantages of Taking a Small Business Online With the current economy decreasing, I have contemplated with the idea of taking my local clothing store on the Jersey Shore boardwalk and making it available online. While contemplating this idea I began performing a SWOT (Strengths, Weakness, Opportunity, and Threat) analysis to see if this would be a good or bad idea. The strengths that I realized I would have would be the fact that we have been in the local area for over 15 years and the loyalty we have from our customers is outstanding. A lot of our customers are from out of town and has often hinted that we should put our store online because of our prices. Another strength is with being a local company we can keep our cost below the competitors which would be a huge advantage because of the current economy. One of the weaknesses of me taking my store online would be the amount of competitors’ that are offering the same products. Another weakness could I am older in age and don’t know much about the internet so I would have to hire information technologist to manage my site. As for opportunities for me taking my business online would be a chance in the winter when business has slowed down because of the cold weather. Another opportunity is taking my company online could create a powerful name for myself. Allowing my company to grow incredibly and eventually opening more chains in other locations. The threat of taking my business online is the competition. By
In this paper I will be discussing the advantages and disadvantages of taking my small business online by performing a SWOT analysis. I will also be discussing key issues that a company faces when it conducts international commerce. Then I will be discussing the complicating factors that come with e-Commerce to comply with the law. Lastly I will describe 2 online crimes prevalent in e-Commerce and what I would do to prevent these crimes.
Starting a Business Online
Advantages and Disadvantages of Taking a Small Business Online With the current economy decreasing, I have contemplated with the idea of taking my local clothing store on the Jersey Shore boardwalk and making it available online. While contemplating this idea I began performing a SWOT (Strengths, Weakness, Opportunity, and Threat) analysis to see if this would be a good or bad idea. The strengths that I realized I would have would be the fact that we have been in the local area for over 15 years and the loyalty we have from our customers is outstanding. A lot of our customers are from out of town and has often hinted that we should put our store online because of our prices. Another strength is with being a local company we can keep our cost below the competitors which would be a huge advantage because of the current economy. One of the weaknesses of me taking my store online would be the amount of competitors’ that are offering the same products. Another weakness could I am older in age and don’t know much about the internet so I would have to hire information technologist to manage my site. As for opportunities for me taking my business online would be a chance in the winter when business has slowed down because of the cold weather. Another opportunity is taking my company online could create a powerful name for myself. Allowing my company to grow incredibly and eventually opening more chains in other locations. The threat of taking my business online is the competition. By