2. Have a fine business plan
Any business without a mapped out plan is doomed to failure from the start. No one in his right senses would start a business without a business plan.
A business plan is critical and essential for the development and successfulness of any business: Be it online or offline.
And a business plan for an online business should include the approach that will be used for financing, marketing, and advertising of the business.
It should also establish a clear idea of how the possibility of success would come about.
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