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He says cash-flow analysis is vital."A common error businesses make is to ask for too little financial support in the hope of getting at least some of the funding they need," he says.
Security should also be a priority, and potential customers should be assured their details will be kept safe."How you treat customers matters," says James.
"Talk to them as often as possible and help them to get to know you and build confidence in you and the services you provide.
It was after starting out working for Ann Summers as a party planner for home events that Julie identified a gap in the market for a "buy in your own home" service for baby products and accessories."I looked at what else was out there, and the types of products I might be able to sell, and then I got started designing my own online model," Julie says.
A few weeks after she started the company, she appeared on Dragons' Den, the popular BBC reality TV programme for budding entrepreneurs.
If you've ever had an idea for a product or service that you think could net you a fortune, you may well have considered setting up an internet business with the aim of sitting back and watching the money roll in.
After all, in 2006, consumers spent £30.2bn on online goods and services, according to IMRG, the industry body for global e-retailing.But he adds that equity investment is ideal for those businesses that do not want to increase their level of borrowing, or are unable to provide the necessary security.If you're considering equity investment, two options are so-called " business angels" and venture capitalists."Fulfil every order as fast as you possibly can," he adds.Websites should be easy to navigate so users don't get frustrated and leave without making a purchase.The internet has certainly revolutionized the way we live our lives, and offers a place where individuals can compete with global organisations. Your business plan The starting point for any new venture is to create a business plan, says Tony Cohen, the head of entrepreneurial business at Deloitte."You need to know your target market, know your competition, attract funding, secure good resources, build consumer loyalty – especially blogger coverage – and forge alliances with strategic partners," he says.Tags: Adult Dating, affair dating, sex dating