GETTING STARTED

Like any business, a virtual corporation requires planning and preparation to be successful. At this point you may be tempted to throw up a web site and jump right in with both feet. Before you do, you should be aware that as much as 95 percent of startup businesses fail within three years, including virtual corporations-and the most common cause of failure is lack of planning.

The information in this section will help you avoid the ill-prepared trap many businesses succumb to, and get your virtual corporation off to a great start. Be sure you don't skip over any of the steps-because even though your virtual corporation can be successful on a tight budget, cutting corners can bring the whole structure tumbling down. Fortunately, planning and dedication takes the place of cash investments when building a virtual corporation.