Through this paper Revealed the advantages and drawbacks of choosing my small business online by performing a SWOT examination. I will also be discussing crucial issues that a firm faces because it conducts worldwide commerce. I then will be discussing the further complicating factors that are included with e-Commerce to comply with the law. Lastly I will describe a couple of online crimes prevalent in e-Commerce and what I will do to avoid these crimes. Starting a Business Online
Advantages and Disadvantages of Taking a Small enterprise Online
With all the current economy decreasing, I possess contemplated with the idea of taking my local clothes store for the Jersey Shore boardwalk and making it available on the web. While thinking about this idea I started performing a SWOT (Strengths, Weakness, Prospect, and Threat) analysis to see if this would be a fantastic or bad idea. The strengths that I realized I would personally have could be the fact that we have been in the local place for over 12-15 years plus the loyalty we certainly have from our customers is outstanding. A lot of our customers are from out of town and offers often hinted that we should put our store on the web because of our prices. One other strength is by using being a local company we can keep each of our cost below the competitors which usually would be a large advantage as a result of current economic system. One of the weaknesses of me personally taking my personal store on the net would be the sum of competitors' that are providing the same products. Another weak spot could I i am older in age , nor know very much about the world wide web so I would need to hire data technologist to manage my site. As for options for me acquiring my online businesses would be a probability in the winter when ever business provides slowed down due to cold weather. One more opportunity is definitely taking my personal company on the net could create a powerful name to get myself. Allowing my business to increase incredibly and finally opening even more chains consist of locations. The threat of taking my own business online may be the competition. By simply...