The Advantages of Web-Based Businesses for Entrepreneurs Essay

Starting and maintaining a prospering business is the imagine of all entrepreneurs. Todays advancements in technology have created modernistic opportunities for business owners to get closer to this dream. The Web has been the most effective light beam in creating new opportunities for business owners. An entrepreneur should be more successful by starting, marketing, and operating a Web-based business.The first lawsuit an entrepreneur should be more successful starting a Web-based business is because its unproblematic and inexpensive to set up. Once an entrepreneur has the proper licensing and permits and creates a website, furrow is can began operating. A Web-based business decreases start-up cost by not having to engage a physical location. Obtaining financing to purchase or develop a physical location can be difficult and expensive. Banks are extremely sensitive to risk and are often reluctant to lend specie to businesses. The greater the risk a lender takes in making a loan, the higher the rate of interest a lender requires (McHugh, J., McHugh, S., & Nickel, 2008).Another reason an entrepreneur s...