Small Business and Entrepreneurship
Business Plans

How do you find information on your competitors for your business plan?


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2009-09-20 17:27:50
2009-09-20 17:27:50
Competitive Information

Well, if you're thinking about starting a business, you should already have a pretty good idea who you will be competing against. If not, open up your local yellow pages. If you will be competing on a national or international level (i.e. online business), then do an online search. Visit trade directories and association membership lists. Keep in mind that it is not enough to just simply list your competition. Research them thoroughly! What are their strengths and weaknesses? What marketing and promotional techniques do they use? Get financial data if available and find out the names and background of key management team members. This will help you to properly plan and execute various phases of your business plan.

If you can afford one, hire a Business Analyst, also known as a Competitive Analyst, Market Researcher, and others. The best place to start looking is at Mercyhurst College, the best school in the world for the training of intelligence analysts, including those that focus on business intelligence. As an internship is a requirement for graduating with an intelligence degree, offer minimum wage to the undergraduates and they will gladly accept the role. These students have a wide range of analytical tools that will come in handy to give your company a competitive advantage.

Related Questions

I think you can find to get a business plan example that is free online in Here you can find the information that you needed for your business plan.

You can find information about what a business plan is on the wikipedia encyclopedia website. Alternatively if you wanted tips on how to make your own business plan then you could check the entrepeneur website or inventers section on the about website for tips and guides.

When there is a piece of the market that is not being served by existing competitors, and you have a plan and the ability to execute on that plan.

in simple words, business plan is formal statement of business goals and objectives over the next firve years. the main pursose of the preparing business plan is perpare comprehensive strategy detailing how and why the business will be successful and how business will take on its competitors.

You can get information and tips on how to write a business plan on the website SBA dot gov. This website represents the US Small Business Administration and gives step by step tips on what should be included in a business plan. It also has a wealth of information and articles for small business owners.

A business strategy is important because it sets the direction the business will follow to success. With a strategy, a business can develop a clear plan to compete with their competitors.

starting a business - provide the overview, mission and projectionsremaking a business - provide a plan to evaluate progress and find things to changelooking for funds - provide information about the viability of an investment

Actually, you need lots of detailed information about your company, your potential customers, your competitors, and the industry. There are tons of good resources on the Internet. Some are free, and some charge.

marketing plan summaryBusiness nameBusiness structure (sole trader, partnership etc)Business locationDate establishedProducts/servicesVision statementGoals/objectivesTarget marketMarketing strategyS.W.O.T analysis (business)Pricing strategyCustomer demographicCompetitorsAny relevant information

You can always search the Web through search engines; however, since every business plan is unique, a generic business plan, where the information is inputed, might be a better choice. If you just take a sample plan and then try to fit your business to it, you may not succeed.

main competitors, their product mix, flavours, prices, packaging, promotion, place of sale find this information then make your better ;)

When a business moves into a new market it helps to profile the market. First, the business is able to evaluate competitors. Second, the business can learn the general information about the area, such as the economy and target groups. Third, this can help the business plan for the life styles for the market.

There are many places where someone can find more information about the 401k plan. The best place to find more information about the plan is at the Department of Labour.

There is Business plan software available for purchase

You can find information on ING's 401k plan at

First think about the kind of business you have in mind, find out about it in the fields if at all it exists. Do find out what their difficult and high times are then the best way to draw a business plan is by writing a proposal. There are many ways of doing that, you just need to know how its done and you could find that information on google and wikipedia.

Many business textbooks are available at local libraries. These can hold great information for someone just starting out, including sample business plans. Read a few books and find out what plan will work best for you.

Small business banking services are provided by banks. Many banks have tools available on their websites to help small business owners find answers to specific questions In addition, they provide useful information from creating a small business plan to helping that business grow.

Starting a business is pretty complex. You need to have a good business plan, a product that people want, and start up money. Here is a link with more information

The website "Entrepreneur" has a business plan guide. A business plan shows a written description of a business's future and lays out it's goals and projections and shows how one plans for it. The U.S. Small Business Association website (SBA) also has several topics on how to start a business and how to write a plan.

Every business plan has to have an executive summary that is designed to catch the attention and summarize the contents of the plan. There also has to be a general overview of the business and the products or services; a market research about the environment and competitors; a financial situation and the state of capital; an action plan that looks even up to 5 years ahead; a marketing plan; and any additional documents that help to create an accurate picture about the business.

A business plan is a statement related to the specific goals of a business. It includes the goals a business wants to achieve, the plan to reach those specific goals, and other pertinent information.

There are many plans offered by Comcast Business Internet. There is a basic plan, an information and entertainment plan, a standard plan, and a preferred plan.

There are many books available to help learn how to construct a business plan. They are located in the business section of a bookstore or library. Online the Small Business Association offers tips and information on how to write a business Plan.

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