Many a times we find people fail in business and going bankrupt. If we dwell deeper for reasons, we find that the people venture into business without putting together a business plan in place. For any business to succeed it is imperative that we have a good business plan before we launch into it. Over the years the online auction business has taken the world by storm. And to sustain and succeed in the competitive online auction business, we must act in line with the business plan we create for our business.

From my own personal experiences, I tried to put together what it takes to create a business and how should we go about with it, that I