Finding a good hosting company can be a pain. I've had quite a few nightmare experiences with hosting companies through the years. 'Cheap' is not what I would be looking for if it was for my 'business'. As they say, you get what you pay for and in the hosting industry, that is especially true. A 'cheap' host can
easily cost you more time and money in the end.
I personally would not touch godaddy hosting. I've used their VPS and standard plans myself, and set many a site up for others on Godaddy. I have found their customer service to be severely lacking, their servers overpopulated and the control panel absolute garbage.
Hosting is a very competitive business. You will come across many sites that will offer you the world. Just be aware that a lot of that shiny copy they feed you is misleading. For instance 'Unlimited Bandwidth', 'Unlimited Drive Space', 'Unlimited Addon sites'. Don't believe it, nothing is truly 'unlimited'.
That being said, if you're site is just a simple information site that gets low traffic any reputable company will do.
When looking for a basic hosting plan, in truth, I would not focus the majority of my attention on what they offer on the 'server'. Reason being is most basic or 'standard' plans offer the same things. The only thing I make sure of is they provide Cpanel or Cpanel Pro. (With installatron applications installer if plan on using a CMS)
Once I've checked that off the list I look more towards their customer service. Do they offer phone support? If so what are the hours. Do they run a 'ticket' system for Email. If they do is it 24/7? I will usually see if I can fill out a form and give them a technical questions just to see what the turn around is and how well they answer my question.
Is there a forum? If so is it active.. What's the 'vibe' of the forum, if you see a lot of complaints it might be time to move on... Also be aware some companies might try and hide complaints on their forum. (caught lunarpages doing this). If they pass all that I'll finally call and ask questions. This will show me how quickly phone response is and if they are outsourcing. Talking to someone can often lead to a better deal on a hosting package as well.
Be wary of the yearly+ contracts. There are many places that will offer you a very 'cheap' price but only if you purchase long term contracts. One to five year contracts are quite common. This can be quite tempting. If you choose to do this be sure the company will reimburse you at
ANY time if you cancel the service. I try to avoid this and pay monthly unless I'm absolutely sure of the quality of the hosting company.
This may seem like a lot to check but let me assure you it's well worth the time investment. Nothing is worse than waking up to your site(s) being down causing you to lose money. Then top it off with dealing with horrible customer support the next few hours or even days.