Business Plans – Questions To Consider – Part 9

by on July 7, 2009

  • Buffer

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

FOLLOW THE WHOLE SERIES

This post is part of the 50-part series “Business Plans – Some Questions to Consider” (yes, there will be 50 of them!).
Be sure to read the other parts of the series to get a full picture. You can follow the series along on the blog or read them first by subscribing to our popular Business Plus+ newsletter.


Christie Lewis

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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 811 awesome articles for us at Alan Lewis Accountants – BLOG

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