Think in a Competitive Way
In today's crowded marketplace, you're probably going to have serious competition no matter how creative and original your own business concept is.That is why you are going
That is why you are going to need to think as competitively as possible throughout your entire business plan.
You need to be able to realistically identify where you will do things in similar manner as your competitors, as well as where you will do things differentlyYou will want to
acknowledge where you have real strengths and where you have real weaknesses.
You should also fully understand that in order for you to try to run a major aspect of your business significantly better than your competitors may be a very difficult challenge; especially since there are so many of them out there todayBecause of this
you are better off if you focus your planning on being different than your competition rather than just on competing with them less directly. For example: Can you find a particular market niche to focus on? Can you find a unique strategy to build your business on?
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