Creating an Online Business Plan

Creating an Online Business Plan
Featured

Creating an Online Business Plan

Your online business plan needs to make sure it addresses the management and administration structure – in other words your organization’s breakdown. Online businesses often have a simpler organization structure than a traditional business, but that’s not always the case, and it must be clearly defined.

You will need to cover the management structure and ownership of your business. It’s okay if one person fills a number of roles. Online businesses that are starting up often don’t have more than one or two people running the whole business.

During the startup period, the owner is not going to be receiving a paycheck or any benefits. Initially owner salaries are going to be figured out based on the profitability of the company but they should never be more than fifty percent of the profit of the business.

If the company is limited, there will be the distribution of shares among the owners. That could be one person, two people or more, but the breakdown needs to be included in the business plan so potential investors know and understand the business structure.

You will also need to include the managerial style that you plan to use. This should be broken out so that not just investors but business owners can stay on track and later compare.

* Communication - Communication will be mainly through, i.e. email, texting, oral, etc.

* Decisions Making - Who is going to be the final decision maker for all the decisions pertaining to your business.

* Project Management –There are different styles. You should define what style you are going to use. For example, all project management will be defined by the PMI PMBOK standards.

* Record Keeping – The company will use <insert accounting package name> to manage our financial records.

You will need to define the management structure. For example, Person A will be President, Director of Marketing, and Director of IT. Person B will be Director of Operations, Director of Finance. You are then going to define what the responsibilities are in each of those positions that a person holds. Be clear and concise when describing these roles, because you will be using this yourself in running your business.

The organization breakdown is going to look very different from one business to the next, so make sure that you take the time to properly define what your business organization is going to look like.

Join the course to learn more...

If you want to share and earn points please login first

Course Intro Video

Lessons

  1. Your online business plan needs to make sure it addresses the management and administration structure – in other words your organization’s breakdown. Online businesses often have a simpler organization structure than a traditional business, but that’s not always the case, and it must be clearly defined.
  2. Your Online Business Plan Must Measure the Market and Metrics

    You are going to want to specifically focus on the users and your demographics that you plan to hit with your new online business and how your costs and price compare to what the market is currently willing to pay for the product or service you are going to offer. (Listen Full Audiobook Here)
  3. Online Business Plan Needs to Include Your Management and Financial Summary

    You are creating your business plan for your online business and like all business plans there are a number of sections you need to put together to ensure you have a plan you can follow to keep your business on track and headed for successes.
  4. Online Business Plan – What’s The Right Business to Build

    Don’t even consider creating your formal business plan until you are actually ready to use it. The business plan of today for online businesses is far less formal than it used to be and it is far more practical.
  5. Your Business Plan for Your Online Business – Create a Review Schedule

    You should never develop a business plan that doesn’t have a scheduled review and today, it’s more important than ever. In fact, it has become very important to do this review earlier and more frequently.
  6. Build a One Page Sales Pitch

    You are about to start an online business and you know it’s a great idea that promises great success. You’ve done your homework, you’ve crunched the numbers and you are ready to create your business plan.
  7. The Finances of Your Business Plan for Your Online Business Success

    Your business plan is an integral part of starting a successful online business, which has different demands than a traditional business. In addition, often the startup costs are much less.
  8. The Executive Summary of Your E-commerce Online Business Plan

    The executive summary of your business plan for your online business is a key component and necessary in every business plan.
  9. Online Tools Make Writing Your Business Plan a Breeze

    Writing a business plan can be challenging and a bit of a daunting task. Now thanks to online options it no longer has to be.
  10. Writing a Business Plan for Your Internet Business

    A business plan is the first thing you need to do if you are starting a new business.
  11. Developing an Online Business Plan

    If you are creating a new online business or you are expanding your existing business onto the information highway, it’s a good idea to create a business plan as part of your planning and preparations.
  12. Don’t Forget Your Exit Strategy for Your Online Business Plan

    You are creating a business plan for your online business – good for you! But don’t forget to make sure to include your exit strategy.
  13. Impress Lenders with a Professional Looking Business Plan for Your Online Business

    If you are going to be looking for lenders or investors for your new online business, you are going to want to make sure that you have created an accurate, complete and professional looking business plan that reflects your business goals.
  14. Defining Operations in Your Business Plan for Your Online Business

    Your online business requires a business plan just like a traditional business does.
  15. How to Write Your Business Plan for Your Online Business

    The very first thing you are going to do when you decided to start a new business should be your business plan and that applies to both traditional and online business ventures.
  16. Covering Your Marketing Plan in Your Business Plan

    Marketing is an important part of your online business success and as such, it is important that you make sure your business plan thoroughly details what your marketing plan looks like.
  17. Starting an Online Business Identify Your Revenue Sources in Your Business Plan

    You are working on getting your online business off the ground and part of that is putting together your business plan.
  18. Mission Strategies in Your Business Plan for Your Online Business

    Your business plan is made up of a number of different areas including defining your mission statement, strategies and vision.
  19. Do You Have Your Online Business Plan Created?

    If you are about to start a new online business or you want to expand your current online business, a good place to begin is with a business plan.
  20. The 10 Sections Your Internet Business Plan Should Cover

    If you are planning to create an online business, you need to begin to build your internet business plan, which is made up of 10 sections that should be included in your plan. Let’s have a look at those 10 sections. (Download ebook, Audiobook with MRR Here)

No Comments

Comments are closed.

s2Member®