E-Business

A married couple decided to make a home business and hobby as a job. The job they created is producing websites for companys. The wife expected that expenses wouldn't be high, but it included all the programs needed to create websites. Their business didn't succeed because of high start up costs which made them nearly bankrupt.

I think that creating businesses online is a smart idea since in our century, it's very common to use technology. Though I believed that the reason for their business to do bad was because they're unaware of things needed to start a business. They didn't have enough information and they weren't 100% sure of what was needed and what to do. This married couple didn't have a business plan for their business so there wasn't any back up plan if the business has fallen in a bad position. Also they assumed that it wasn't needed for a high start up cost so that destroyed their business since it was require to have a start up cost to buy all programs to support a website such as anti virus, up dates, etc.

1. What is E-business?
E-business is using the internet to provide services to customers. E-business uses tools such as email, online banking solutions, websites, supply chain management software and web-based customer relationship management.

2. Pros & Cons
Pros:

• Business could be done at home
• Saves time and money
• Promote, market and sell to anyone around the world
• Competing with companies in many different sizes
• Doesn't require face to face interaction with customers

Cons:

• Competing against big known internet companies such as google, yahoo, etc
• Requires large amount of money as start up cost
• Needs to keep updated with anti virus programs, etc
• Full of sites with spams, advertisements, etc
• Unreliable and Untrustworthy customers