Comments on: Five Tips for Managing Your Online Business

By: Elly

Elly — Sat, 10 Jul 2010 13:51:58 +0000

Hi Sean

I have more of a business plan in place since starting the IMPOTY study.

I did not think about insurance for an online business. Is this just a public liability insurance? This is a very important matter to address as we all need to be covered.

As a one person business, I personally found just keeping a spreadsheet of my income and expenses etc was much easier and quicker than using MYOB or Quicken, but I love spreadsheets and I guess not everyone knows how to use them (though they are fantastic once you do).

You are absolutely correct about developing good habits from the start. We must always put the correct money away for GST and tax every week.

By: jeremy

jeremy — Fri, 09 Jul 2010 03:21:05 +0000

Thanks Sean,

Some things just can’t be avoided… I too have not really thought about the points raised here in this article & thought that I would just deal with them once I started actually generating a significant amount of money through online marketing first.

By: Sean Rasmussen

Sean Rasmussen — Wed, 28 Apr 2010 01:54:47 +0000

As your online business continues to grow, like a traditional offline business there are certain things that need to be taken care of, such as the points in the article. Even if you don’t implement them at the beginning, it’s a great idea to at least think about what may be required in the future.

By: Rita Pepper

Rita Pepper — Fri, 23 Apr 2010 08:55:28 +0000

I had not thought about a business plan for the internet but now I am moving I started looking at things differently. So its just as important to get all the advice from your lawyer, accountant, and bank, when starting your internet marketing business.

By: Jazz Salinger

Jazz Salinger — Sun, 21 Mar 2010 22:31:09 +0000

Hi Sean,

I guess I’ve put off worrying about this until I started making money. I haven’t really written a business plan either. I have goals and a plan to achieve them but I don’t have an actual business plan.

Maybe I’m not taking myself seriously if I haven’t set my business up as if it was going to be a successful business from the start. I haven’t thought about any legal and insurance issues. There’s a lot to think about.