From that standpoint, doing business online is fairly similar to doing business in real life. Debbie also suggests that by tying e-mail software into a database system, there is much less paperwork than with most other businesses. That allows more time for a person to make money. Another critical aspect of starting a business online is to accept credit cards. Taking credit cards over a secure server makes sure that someone with an online business will be paid.
Adequate capitalization is critical to success.
Debbie is realistic about doing business on the Internet and believes it's very important to not start a business without enough capital to do so. She suggests that people be able to prepay their Internet service and web site costs for at least six months. Having enough stock on hand for a six-month period is also key. Of course, these are good business practices for anyone starting any kind of business. In that sense, doing business online is no different than doing business in a store opened in your local neighborhood.