Is e-business for small business?
Did you know that e-business is about more than selling your product or service online? E-business can also help your company connect with your customers, collaborate with your business partners, and lower your costs.If you're considering implementing e-business solutions, it's important to understand the possible risks. However, there are ways that you can reduce the risks and take advantage of the benefits of e-business:
- Cost: technology can be expensive, but it doesn't have to be. You can get terrific results just by putting basic, inexpensive web access and email to good use
- Security: online security is an issue, just as it is in your physical operations. And as with the world of "bricks and mortar", there are practical and effective solutions to security threats. For more information, see our section on E-business security, privacy and legal requirements
- Technical expertise: you don't have to be a technical wizard to make smart decisions about technologies. Do your research and don't be afraid to ask questions
- Return on investment: this is the key issue. What do you stand to gain from an e-business initiative? If you start with a clear view of what e-business can do for your business as a question of business strategy you will be on the right track
To learn more about how your company can use technology to streamline the way you do business, visit our section on Doing business online.