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Competitive Analysis

If you have already begun to study the market where the activity will develop your business, you have found your future competitors. In my case is still one of the most enjoyable aspects of the business plan.

However, before I tell you about the practice, it is important to establish the bases for a correct and useful analysis of the competition. I can assure you that looking at my “possible future” competitors have found new opportunities and have identified our weaknesses. Therefore, I can say that thanks to my competition I am strengthening my business idea.

16-competition analysis emprendeblog entrepreneur’s blog

First you should analyze the products and / or services offered by your competitors. Make a list, including qualities and shortcomings. This will help you find new business opportunities; gaps were unaware overlay and strengthen existing ones.

Analyzed, with the resources you have, what products or services you are interested in implementing competition in your business.

Analyze the price of your competition is another point to consider. Will help you set your prices if you have not already done so. If you already have your prices, you should see if you are above your competition and therefore have to justify why (quality, service …) if you are below, be careful you have not caught their fingers when considering your price.

Who are the customers of your competition? Is another question that you should respond? Number and type of customers, economic and educational level of the same. Are you going to share clients or interests you focus your business into a different segment?

Analyzes all the aspects that make striking your competitor to try to overtake. What means are available? What are your methods of advertising, What staff?. Describe what your advantage over your competition. If only in one aspect, should stand out from your competition.

How to increase the agricultural sector and agriculture 2010

How to increase the agricultural sector and agriculture 2010The agricultural sector during the first eight months of this year, has achieved a growth of 3.8%, based on the favorable performance of the agricultural and livestock sub sectors in 3.59% and 4.15% respectively, according to the National Institute Statistics and Informatics (INEI). The business opportunities are going to be favored by these results.

Higher production volumes of 944% olive and mango 313%, the principal, explain the variation in the agricultural sub sector (3.59%). This performance was partially offset by the decrease in production volumes of raw cotton and garlic -31% -35%. Commercial success is associated with the proper handling of information.

In August 2010, starting month of the crop year 2010-2011, the acreage of major crops at the national level was 126 thousand hectares under 2.5% of the level of seed last season, determined by the reduced availability of water resources. It remains very clear that our entrepreneurs should prioritize productivity to strengthen our competitiveness.

This occurred in the north (-3%) due to reduced planting Lambayeque and Catamaran. Plantings in the center decreased by 2%, mainly in a cash and Pasco. In the south, crops decreased by 8%, especially in Moquegua and Ayacucho. However, the east (1%) recorded growth in plantings in San Martin, but decreased in Cabala. Any idea of business should consider these data.