Suggestions For Small Business Success
Your competition would love to catch you by surprise the next time you introduce a new product or service. Secrets, after all, are worth money to a business, which often gives one company an edge over it’s rivals. 1. Buy your competitors products The first and often the most useful step in commercial intelligence is simply to go out and buy the product your competitor produces. Test it, take it apart and analyze it’s cost of production. 2. Study your competitors territory Within many industries, little communities spring up whose members frequent the same restaurants, work in the same buildings, etc. It pays to spend time in these common areas. 3. Read the right publications Your industries trade journal is required reading. It is impossible to go very far beyond the information found there, even on a budget. The Wall Street Journal has printed speeches given by financial analysts from various corporations. 4. Befriend a securities analyst Financial specialists must keep up with new de...