It's not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change. ~ Charles Darvin

22 Questions About Competition

Questions About Competition

Everyone wants to be alone without competition on the market. But, it is an unrealistic and probably unachievable situation, a least for a longer period of time. Competition is something that cannot be avoided, regardless the size, industry or market in which business operates. Even if there is no competition, that doesn’t mean it will not [...]

Business Math: 20% of 10 is a lot less than 20% of 1,000

Business math is an everyday job of an entrepreneur. However, different viewpoints bring different results and different conclusions about possible directions. The same percent of something is a lot less than the same percent of something more. However, different business elements make a different math that makes one entity more successful than another. Let’s play [...]

4 Steps to Collect Information Before Enter New Industry

Entrepreneurs are people who always have a challenge and that challenge is often something new. Even the start of business is something new to every entrepreneur. Entrance into an entirely new industry is a totally common practice for entrepreneurs. Business startups and existing businesses need to enter new industries. Whether you enter as a brand [...]

Industry Analysis Through Answering 40 Questions

Industry analysis is a tool that makes businesses and entrepreneurs to understand their position on the market and to other companies that produce the same or similar products or services. The product of industry analysis is a document that will help us to make quality decisions about future development of our business. Also, this document [...]