Do you know where you stand among your competitors? What’s your plan for gaining an edge? With Owner Actions, you can form the strategies you need to compete in your market. Sign up today for a step-by-step guide, articles, and resources that will help you improve your positioning.
Your business has strengths and competencies that help set it apart from its competitors. It’s vital to keep those elements front of mind so you can talk about them with customers and prospects in conversations and marketing materials.
It’s just as important to know your business’s limitations. Awareness of these elements can help you stay focused on opportunities to improve and hedge your risks.
How do you conduct a strengths assessment? Read our guide to master this task.
Self-assessment is crucial, but you should also know how your business stands in relation to its competition. Are you the volume leader? The low-price operation? The entity with the best reviews? The provider with the widest selection?
Finding your corner of the market—and knowing how your competitors are positioning their business in relation to yours—is often the key to competitive success. Learn more in our guide to competitive assessment.
You may find it difficult to build an advantage, especially if you’re a player in a saturated market that makes differentiation nearly impossible. One step you could take is to acquire a successful, established business that can help you expand your capacity, offer more products and services, realize (and pass along) cost savings, and create new forms of value for your customers. Acquisition can be costly, but business-friendly financing options, such as SBA loans, asset-backed loans, and seller financing, can make this option attainable.
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Owner Actions, Inc. helps people buy, scale, and sell their businesses by offering pro help, tools, and step-by-step resources.
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Owner Actions, Inc. helps people buy, scale, and sell their businesses by offering pro help, tools, and step-by-step resources.
https://www.tiktok.com/@owneractions
Privacy Policy | Cookies acceptance/policy | Spam Policy
© 2023. All Rights Reserved
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