ng 50's and 60's. The lack of proper technical education, brain drain and the aging baby boomers present yet another challenge to small business owners. That's is to recruit skilled workers in the future.Despite all the potential that e-commerce has for the small business users, it also has many challenges too. E-commerce consists of a wide spectrum of types of business transactions. It can mean anything from a simple electronic ad that generate a telephone call to the company sales clerk, to a complex real-time transfer of funds between buyers' and sellers' bank accounts . Large corporations find it easy to adjust to e-commerce from their traditional sales and transaction methods, while small business find they must structure their entire operations around e-commerce. For business owners who simply want to purchase products over the web, the process is relatively straightforward. They can use credit cards to make purchases just like any other consumer. The only consideration that should be taken in this process is in controlling which staff members should have the authorization to use the card. But for businesses that wish to sell over the "net", however, face considerably higher barriers. Computer system and software development cost can be substantial particularly in custom applications. Ensuring quick order, a must by consumers, can introduce a completely new infrastructure and cost dimension to the business. Also because credit card orders are not always guaranteed valid by the banks, the vendor my be 100% liable in case where consumers challenge the validity of a purchase. As a result, banks often require that e-vendors post high deposits up-front to guard against charge backs. E-commerce also require a whole new set of employee skills, which add considerably to labor costs.The extent, complexity and uncertainty associated with regulations were identified as a major inhibitors of growth for the small business. All ...
