San Diego, CA (PRWEB) February 18, 2015
Online business revenues are steadily growing, offering excellent entrepreneurial startup opportunities. Developing a quality business plan is key to finding investors.
OGS Capital professionals have the expertise to help entrepreneurs take advantage of the rapidly growing online business industry. E-commerce is one of the most significant growth sectors of the global economy. Using the United States as an example, the U.S. Census economic statistics clearly show steady growth in U.S. retail e-commerce sales as a percent of total retail sales for the period first quarter 2005 through the third quarter 2014. From the fourth quarter 2013 to the third quarter 2014, adjusted e-commerce retail sales totaled $294 billion with each quarter experiencing approximately 16% growth over same quarter a year ago.
Other e-commerce market sectors tracked by the U.S. government are manufacturing, wholesale, and services, and all have experienced significant growth year-to-year. Forrester Research projects that e-retail will experience a compound annual growth rate (CAGR) of almost 10% through the year 2018.
The projections for global B2C e-commerce sales are just as impressive. Marketing projections by eMarketer.com indicate the Asia-Pacific B2C e-commerce sales alone will exceed a trillion U.S. dollars in 2017. China is experiencing the fastest e-commerce sales growth followed by Indonesia, India, Argentina, Mexico, Brazil, Russia, Italy, UK, and Canada. The rapid growth in e-commerce is driven by social media and mobile technology, with mobile retail sales accounting for approximately 11% of all e-commerce sales during the first quarter of 2014.
“Internet sales are approximately 10% of all retail sales,” says OGS Capital’s Founder and CEO Alex Silensky, “meaning there is plenty of room for growth. This is an excellent time for entrepreneurs to start or expand an e-commerce business to get into position for taking advantage of accelerating future growth in online sales.” According to Plunkett Research, Ltd., the fastest growing e-commerce industry segments include travel, event tickets, clothing, entertainment products, and consumer electronics.
Despite the great opportunities, over 90% of online businesses fail due to lack of capital and inadequate business planning. One of the most important steps an entrepreneur takes to increase the likelihood of success is developing a well-researched business plan that lays out the business case for success. A quality business plan is also required by investors, including angel investors and venture capitalists, and by commercial and private lenders.
Entrepreneurs not familiar with business plan development frequently make common mistakes that hurt their chances of attracting investors. Common mistakes include not defining the market problem solved by the business, failing to do adequate market and competitor research, not differentiating the business or products, and preparing proforma financial statements that rely on inadequate data and analysis. OGS Capital professionals help entrepreneurs avoid the common mistakes so that the final business plan is a solid plan for operating success and is attractive to investors.
OGS Capital consultants work closely with e-commerce entrepreneurs during business plan development. The consultants bring high level experience and knowledge to the process, ensuring each business plan is high quality and customized. No templates are used. OGS Capital also has a wide network of investors who have expressed strong interest in investing in online businesses. The company has successfully matched hundreds of entrepreneurs and investors.
OGS Capital has offices in the United States, and the United Kingdom and has served clients from more than 30 countries. For more information or to submit an online contact form, please visit https://www.ogscapital.com/.