In a previous blog post we have established that you can’t ignore your business competition. But putting them under the microscope once and then just leaving it is not enough. Things change and develop very fast in today’s world, so you always need to keep your finger on the pulse. Analysis of the business competition varies greatly between businesses and markets but there are always basic things to consider such as: … [Read more...]
Why You Need To Analyze Your Business Competition
Recently I met with the CEO of a promising Icelandic startup company. When I asked him how their competitors did things, he said he didn’t care that much about their business competitors, he just wanted to focus on what they themselves were doing. I get it. Don’t get sucked into focusing too much on the other guys. However, here’s the problem: In your marketing, you are trying to convince people to buy from you rather than someone else. … [Read more...]