Mr. McCuaig says. But there are advantages to global dealings. For example, although Farelogix has four or five competitors, Mr. Gossage says the reach of the Internet provides enough space for healthy competition. That profile is hard for other competitors to achieve once you've established that brand name. The path from great idea to creation of an actual e-business has many obstacles along the way.
Every business needs an idea to fuel it.
Determination of feasibility. The creation of a business plan. Potential investors will want to know about the business opportunities and the vision of the company. A startup company needs to make sure the right leadership is in place to advance an idea. Investors are usually betting on the management team.