Analyze the competition in your industry from "summary" of Seven Steps to a Successful Business Plan by Al Coke
In order to develop a successful business plan, it is crucial to thoroughly examine the competitive landscape within your specific industry. This involves conducting a comprehensive analysis of the strengths and weaknesses of your competitors, as well as identifying any potential threats or opportunities that may exist. One of the key aspects of analyzing the competition is understanding who your direct competitors are and how they are positioned in the market. This includes evaluating factors such as their market share, pricing strategies, product offerings, and target customer base. By gaining insight into these areas, you can better assess how your own business stacks up against the competition and identify areas where you can differentiate you...
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