E-Business

E-Business

Today's entrepreneur needs to be even more flexible in the face of the current business environment, which also mandates that entrepreneurs pool resources, leverage businesses, and forge alliances. Despite these difficulties, many of today's entrepreneurs are meeting the challenge. Internet commerce will give rise to new kinds of business models. That much is certain. But the web is also likely to reinvent tried-and-true models. Business models have been defined and categorized in many different ways. This is one attempt to present a comprehensive and cogent taxonomy of business models observable on the web. The proposed taxonomy is not meant to be exhaustive or definitive. Internet business models continue to evolve. New and interesting variations can be expected in the future. The models are implemented in a variety of ways. Moreover, a firm may combine several different models as part of its overall Internet business strategy. For example, it is not uncommon for content driven businesses to blend advertising with a subscription model Realizing the need to be proactive while rolling with the punches, these entrepreneurs are learning that to survive, one has to think outside of the box. They're forming partnerships, taking advantage of networking opportunities, and finding ways to finance their ventures. In short, they're doing whatever it takes to maintain a thriving business. Here are a few of them. There is no way to avoid the fact that tight budgets and unyielding financial controls have become critical tools for delivering on quarterly earnings expectations, leaving a long list of delayed software purchases and stalled technology projects in their wake.

First decide what you want from your website, (looking at other websites can be helpful). Work out your business objectives and identify how a website will help achieve your overall business goals. Set yourself a budget and develop an e-business plan that reflects your business needs and objectives and how you want to operate your business.  Set a budget in dollars and/or time for such things as web design, ISP fees, marketing costs, ongoing maintenance, administration and resource costs. At an average, lets accommodate 2 million dollars to it initially.

The right choice of hardware and software will depend on your individual circumstances, but will be influenced by your website design, the number and type of users you wish to attract to the site and your budget. Often, your major product suppliers or bank will use customized software to facilitate ordering and ...