All Press Releases for June 16, 2005

Most Internet Business Entrepreneurs Lack Both the Funding, and Proper Planning Needed to Last as a Business

Commentary on the two most prevalent problems Internet business entrepreneurs face, namely, lack of funding and planning. This press release announces a new product designed by four small business consultants. the product is essentially a combo small business funding report/ internet business planning software.

    /24-7PressRelease/ - June 15, 2005 - May 19, 2005 -- For many “want to be entrepreneurs,” starting an Internet business appears inviting due to the low start up cost. The cost is low because the entrepreneur does not need a building, and many times does not even need inventory to begin selling. The result of these and other factors is a large group of excited entrepreneurs who get involved in some type of Internet “biz op.”

Four professional Internet marketing consultants Dave Mink, Mat Siltala, Dane Ing, and Mike Ing have worked with literally thousands of these kinds of entrepreneurs and have noticed two recurring problems with the ensuing business ventures. First, there is a general lack of funding for these small Internet business start-ups. Although the cost of starting an Internet business can be low in comparison to an offline business, the cost is often times considerably more than people realize or have the capital set aside for. These same people have no idea where to go in order to get the money required to fund their business effort. This is precisely why the founders of created the small business funding report to educate entrepreneurs on the different funding options, strategies, and procedures available to them.

The second problem is that most people do not put enough effort into truly planning their business. The old adage states, “If you fail to plan, you plan to fail.” Unfortunately for some this is usually true. One of the reasons “eplanit” has discovered for the general lack of Internet business planning is the scarcity of “Internet” specific business plans. So Dane, Dave, Mike, and Mat created “eplanit” a business plan software designed specifically for Internet business start-ups. The software features 109 questions, which upon being answered lead an entrepreneur successfully through thinking through their Internet business. The software can be downloaded, and is compatible with both Macs and PC's.

The combination funding report, and Internet business planning software has now been used by over 500 small business start-ups and has been well received by those using it. Like Diane who said "The template helped me keep my course and objectives for my business plan on track, and concise. It was very helpful to read all the questions in each section, and then write the sections one at a time. It's easy to get off on tangents when you have more than one thing to focus on, and the plan worked for me."

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