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In considering the business, if you do not understand that their, or their own, successful business that will be difficult.
Their analysis, the company, if you have something suitable for yourself or have the strength to do, whether you have a weakness for? Understand the. Well the ability to use their own, their own, and in order to achieve its business objectives efficiently.
Below and write as a template format common items.
Thinking along the skeleton of this format, you can fire to write, you can easily organize your competitive analysis.
1. |
Overview organize their own profile
Until now, what experience, what success, or failure of what? Years of experience and ability, is that you can not simple does not make sense. Also do not want to do that, and that you can not pass can be successful, they want to do, success is not their thing go as planned, of yourself.
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2. |
Efficiency of business initiatives
To analyze the efficiency rate of productivity per capita income, on sales, cash flow, such as need, the business address.
Productivity per capita is high, high profit margins, cash flow and business travelers need is low, there is an increased success rate.
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3. |
Barrier to entry
To tackle business, if cheaper competitors entered, and others, quickly become a race condition, you are not struggling as a business.
Must be considered the height of the barrier to entry. For example, take the difficult qualification, investment amount is large, the others do not want to do.
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4. |
Financial power
Business start-up business from the time, well come on the track is less. So, how far have the working capital, business investment or to what extent can you continue? That funds have been exhausted, the withdrawal is the most boring thing in front of a successful step.
On the contrary, from funds that there is, is also taboo guard.
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5. |
Personnel
For business, or have all necessary personnel?
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You can from these elements, do the analysis for their business. These questions, there is no need to respond to all. That meet the possible range, competitive analysis and you will see. By repeating If you can not find an answer immediately, repeat the monologue, the conference, words may also come frozen. |