Clearly define your internet business idea and be able to succinctly articulate it. Know your mission.

Examine your motives. Make sure that you have a passion for owning a online business and for this particular business.

Be willing to commit to the hours, discipline, continuous learning and the frustrations of owning your own online business.

Conduct a competitive analysis in your market, including products, prices, promotions, advertising, distribution, quality, service, and be aware of the outside influences that affect your online business.

Seek help from other small businesses, vendors, professionals, government agencies, employees, trade associations and trade shows. Be alert, ask questions, and visit your local ASIB events.