Online Business'

Conrad11 · 18 Mar 2006 at 23:40

Hi there,

I am doing a little reasearch as I am thinking of starting an online business for someone else

I need to lookup like problems that happend with new internet startups....for instance lastminute.com or similar.

Can anyone link me to any news archieves where I can find such information? Or providing the infomation themselves?

Thanks....

Conrad11 · 18 Mar 2006 at 23:58

Pine said:
What are you actually planning on selling? Also, correct me if I'm wrong, but I think you'd probably need to be 18 to start a proper, totally legal company?

Lol, it wouldnt be very wise to give away my idea.

And I am sure your right, you would have to be 18 or above as you will be the one that is liable for losses and problems etc....not the case if your a minor (i guess)

Lagz said:
I may be wrong, but I imagine you are planning on setting up a small online business for a little profit? If so then lessons learnt from things like lastminute, who were losing £4m a month at one point, are probably not very relevant.

It was mainly the startup points I was after, not whilst running the company....

Conrad11 · 19 Mar 2006 at 11:07

Hi there,

It would only be me in the company so LTD would be out of the question at the moment, plus I dont want to loose money preparing respots and accounts and stuff, so I think sole trader was what I was after, which is specifically why I thought that you would have to be at least 18 before you can be liable for anything, ie the debts of your comapny.

Cheers for the links

Thanks....

Conrad11 · 19 Mar 2006 at 14:35

Sorry, I thought I said :|........I am not the one that will be starting the business, its some 40 year old (well he looks) buisness studies teacher at my colledge who is starting the business (so he knows what hes getting into and all the business crap).

I have been asked to research for him as he is crap with the internet and with anything to do with computers so he is paying me to get it up and running for him and teach him how to run this business (technical stuff). I aint actually starting the business myself.

Sorry for the confusion, I thought I had mentioned in my first post....