Global entrepreneurship small business - Essay Example

GLOBAL ENTREPRENEURSHIP - SMALL BUSINESS General The World Wide Web provides unique opportunities for small business entrepreneurs to go global. Thus today an entrepreneur based in any part of the World can conduct business across the globe in the same manner that a local business was run hitherto fore. The growth of the web is supported by easy international movement of goods by air and virtual payments through credit cards and other modes. Three small businesses which can prove ideal international enterprises for small entrepreneurs are covered herein.

Online Shopping and Auction House Online shopping provides an excellent opportunity for small entrepreneurs to spread their business acumen across the globe. The availability of branded goods the World over enables supply of these to customers across the globe. Brand names are easily identified and provide the customer assurance of quality and reliability in the international market place. Thus standard items such as books, cassettes, compact disks, shoes, clothes, watches and other items can be sold on the internet.

Sourcing can be from national vendors of multi nationals who are located in the place or country of purchase. Delivery can be through express mail service. Payments will be through credit card. A developed model of online shopping is online auction. At present a number of small enterprises are providing specialized online shopping and auction services. Some examples are oddspot.com and cookieartexchange.com1 Web Space, Web Hosting Solutions Development and Services Web space, web hosting solutions, site development, web marketing and other services can be provided very economically across the globe by small entrepreneurs.

A large number of small businesses and organizations need a web presence today. Their requirement does not entail provision by multi national corporations or large business houses as IBM or Microsoft. These services can well be provided by small business men and entrepreneurs who can easily deliver these services including security solutions for web sites. E mail and data management services can also be provided. The knowledge and expertise is available across the spectrum with basic as well as advanced soft ware which can be provided by trained personnel on the web across the globe.

There are number of such web service providers in the small enterprise segment. Some examples are thinkhost.com, globat.com, lunarpages.com and so on which provide web hosting solutions.2 These firms started small and some of them have now grown in size. There are also adequate opportunities for affiliate programmes for small entrepreneurs to tag large web hosting firms which can be exploited in the beginning.Content for Web Sites There are millions of web sites today. These need content in many forms and on a large variety of subjects.

This could include news, reviews, horoscopes, features, interviews and so on. Content is also required in the form of digital signage. Web sites also need news and information to be constantly updated. This can be achieved only through a network of content creators. While there a large number of well known authors, they are either too expensive and or cannot provide the quantum of content required in time. There is no shortage of talent available world wide, which can be exploited by networking content providers through a web based business of trading content.

There are a number of web sites carrying out such small scale businesses such as allheadlinenews.com and constant-content.com3 which can be replicated by small entrepreneurs worldwide.