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What’s the Biggest Challenge for Most Businesses When Going Online? (1) Planning a Budget (2) Developing a Plan (3) Optimising a Website (4) Defining a Customer Base
By BYJU'S Exam Prep
Updated on: September 25th, 2023
Since the advent of digitalisation and initiatives like Digital India, many businesses have leveraged the digital space and taken their business to the next level. However, this is not the case with every business as many business owners face multiple challenges when going online. So, what’s the biggest challenge for most businesses when going online? The answer is developing a solid business plan.
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Answer:
The answer is (2) Developing a business plan
Before starting a business, you must chalk out a business plan that enlists the aims, obstacles and goals as well as the requirements and the competitors in the field. But before shifting a business online, the business owner must curate a new business plan keeping in mind the online space. They must know who their new target audience is and how to reach them effectively.
Summary:
What’s the Biggest Challenge for Most Businesses When Going Online?
The answer to the question – what’s the biggest challenge for most businesses when going online is developing or curating a sound business plan for the online space. The business owner must formulate a new strategy for the new platform and determine who is the target audience in this case.
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