How to plan for a legitimate online business
It
is known that planning is considered the assurance to create the first step to
success, in which you can use it to start your online business seeking after a successful
legitimate business online.
So what is planning and how you can use it to start your business
online?
Planning
is simply the pre-step that you may use it by structuring the main fields and
areas that your business is based on. In other words, any business requires some
fundamental areas to be covered, such as a place of business, product or
service to sell, target costumer...etc (you can refer to our previous posts
that determined those areas)
In
this step there is one more question that should be answered which is: does
planning stop on structuring or it may cover other features? Well, it does
mainly deal with structuring but it continues to cover other features such as
the legal requirements that your online business should adopt and apply; for
example: information, description, giving notices, refund, and guidance and
gaining trust...etc
How you may use planning to start your business online?
In
order to answer this important question there are two main areas that must be
covered which are: ‘The technical area and the legal area’.
Planning regarding the technical area:
1. The determination
of business niche
2. Specifying the
subject-matter (product or service that you intend to sell)
3. Specify the targeted
customers
4. The establishment
of your online shop (where and how to sell)
5. The mechanism
of selling
6. The additional
techniques to sell (financial feature)
Planning regarding the legal area:
1. Providing correct
and sufficient information
2. The well
presentment of good or product description
3. Providing a
sufficient assurance that aim to protect users’ privacy and data
4. Providing an
agreement of use ‘terms and conditions’ (especially if your business deem
commercially big)
5. Providing a
well mechanism to correct errors or mistakes
6. Specifying the
language that your final deals will form on
7. Determine any
additional terms, rights or obligations regarding to selling process
These
are the basics elements and points that you may adopt in your business in order
to plan for a legitimate business online. However, it should be noted that
there are many other areas related to this topic, but we chose those points for
the purpose of simplify this important step and providing easy method to be
adopted by any user
Finally
we hope that you find this post useful and helpful, and if you have any
question please feel free to contact us or leave your question under this post
Mohammad Al-Thunibat
M & T (your legal team)
