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Monitor industry trends and adjust your strategy accordingly from "summary" of Traction by Gabriel Weinberg,Justin Mares
It's crucial to keep a close eye on what's happening in your industry, both now and in the future. By staying informed about industry trends, you can make more informed decisions about how to adjust your strategy. Trends can include changes in consumer behavior, new technologies, emerging competitors, or shifts in market demand. To monitor industry trends effectively, you should regularly scan news articles, reports, and social media for relevant information. You can also attend industry conferences, webinars, and networking events to stay connected with key players in your field. Once you've gathered information about industry trends, you need to analyze how these trends may impact your business. Consider how your competitors are responding to thes...
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