Competitors
When preparing a Business Plan every business should carefully analyse their competitors.
Questions to consider are:-
• What are your competitors’ strengths?
• What are your competitors’ weaknesses?
• What are your competitors’ opportunities to expand their businesses?
• In what areas are you better than your competitors?
• In what areas are your competitors better than you?
• What do your customers say about your competitors?
• Can your competitors easily diversify into your market?
• Do you maintain competitors’ files?
• What strategies are you going to adopt to effectively compete with competitors?
Business Plans – Some Questions to Consider
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Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 799 awesome articles for us at Alan Lewis Accountants – BLOG
Twitter: @christielewis
