The web does not sleep. You can have staff there working 24x7 for you. You can have shop windows there attracting customers 24x7 into your door. A media veteran has used the web to start up a new bike retail outlet for 5% of the costs that would otherwise be incurred 10 years ago. We will see what she did, and what else we can do now to achieve the same business effects. This tutorial will provide a few real life examples.
Page 10 of Fortune Magazine published on 6 September 2010 has this subtitle- The growing power of technology and social media has made starting a business simpler than ever. The magazine has listed 5 areas where costs can be reduced substantially by referring to the experience of a media veteran.
She bypassed lawyers for her company incorporation and did form filling and filing online by herself. We can easily do the same in many countries such as New Zealand. The New Zealand Companies Office charges NZ$10 inclusive of GST for reserving a company name and NZ$150 inclusive for incorporation of a new company. We get our shareholders and directors to sign with pen on paper and this is about the only piece of manual work to do. The process may take 30 minutes total. To do the same 10 years ago would take 3 weeks and a lawyer fee of $1000 plus disbursements ...
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