Consider all possibilities – you may have competitors on the same street, elsewhere in your town or city, throughout the country, worldwide and on the Internet.
As soon as new competitors enter the market, you’ll want to know about them too.
She specialized in writing about inventors and inventions, in particular. When it comes to starting your own company (or managing someone else's), every business needs to develop and write a good business plan they can follow to achieve the company's goals, which can then be used to pitch to investors or seek out commercial loans.
Put simply, a business plan is an outline of goals and the steps needed to achieve them, and while not all businesses require a formal business plan, composing a business plan, in general, is an essential step to starting your own business as it lays out what you plan to do to get your business off the ground.
Westpac issues no invitation to anyone to rely on this material and intends by this statement to exclude liability for any such opinion, statement and analysis.
Mary Bellis, known by some as Calm X, was an experimental artist, film director and producer, video game content creator, and freelance writer for some 18 years.
Plan your marketing budget and how you’ll use it to help return a profit.
Market research will enable you to focus your marketing budget on targeted consumers, rather than just sporadic advertising.
A competitive advantage is simply what you do better than anyone else.
It’s important to be specific about why consumers choose your business over your competitors’ businesses.