A good business plan can take many hours of research depending on the niche and desired scope of a particular product or service. "In all thy ways acknowledge him, and he shall direct thy paths." (Proverbs 3:6) Failures in new businesses are quite common within their first year and many early failures are due to lack of complete planning for a desired outcome. While it is impossible to plan for every variable that could possibly happen to a business venture, implementing traditional planning strategies will offset the chance of failure significantly.
1. Discuss the various factors that need to be considered when planning to launch an e-commerce website.
2. Explain how e-commerce planning is similar to and different from traditional brick-and-mortar store planning.
3. Post a message that explains whether the physical location of a business matters in today's global economy.
4. Support your post with TWO scholarly journal references. (300-400 word count range)