Competitive analysis is the study of the competitive environment in which a firm operates, including strengths and weaknesses of main competitors and your own business, target audience, barriers to enter the market, and marketing strategies. If your small business operates in a concentrated industry such as oil refiners and automobile makers, competitive analysis is a […]
Tag Archives: Swot Analysis
All businesses – from major corporations to a single-person, home-based business – must keep up with the changing times, marketplace and competition. It is essential that managers, leaders and business owners conduct a SWOT analysis. This is a very important tool in making the strategic plan, setting goals and creating objectives for the business. Without […]
With no State corporate, franchise or personal income tax, Nevada may be just the state to start a business in. What’s more, business documentation filing fees in Nevada are lower than in several other States and Nevada Limited Liability Corporations (LLC’s) can be managed by one person comprising all the roles of executive officers required […]
While preparing Able Corporation’s business plan, we developed a SWOT analysis, which provided us with valuable insight into the strengths, weaknesses, opportunities, and threats of our company. Strengths and weaknesses are internal factors that affect an organization and opportunities and threats are the external factors that affect an organization. It is not only vital for […]