How to distinguish the business from the competition - Essay Example

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The idea of this research emerged from the author’s interest in how to distinguish the business from the competition. Maintaining one's business leads will help understand the business better. It is advantageous to be proactive and offer quality services or product consistently…

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How to distinguish the business from the competition

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Subject: Business
Type: Essay
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 2
Author: nora53

Extract of sample "How to distinguish the business from the competition"

How to distinguish your business from the competition-ForbesWhen establishing a business, one has to consider short and long-term goals of the business concerned. To achieve the goals, critical analysis of the industry, should be determined. The analysis will aid in establishing competitor's weaknesses. Analysis of the competitors through daily subscription of their newsletters and approaching them as their customer help understand what they offer. It will also help to analyze the level of customer services offered (Martin 1).

In addition, it is important to outshine the competition after analysis of the competitors. Creating a more user-friendly website is of great advantage to the business. Securing exclusive contracts with the business clients is substantial while outbidding the competitors. Through limiting competitor’s market appeal, it is possible to expand the business. The business goal is to offer efficient and effective products or services as from the beginning to enable customers identify the quality and integrity of the company (Martin 1).

It is important to consider customer service by having a focused team. Resourcefulness and effectiveness of customer service aid in setting the business venture apart at the outset. The company should target at creating a shopping experience that is best for customers and should not compromise on the employee’s quality. It is important to address business strategies and priorities since it facilitates monetary growth (Martin 2).Creation of quiet opportunities is an important factor. Through provision of quality products, best marketing, and having a focused team, it is advisable to maintain the company's profile as low as possible.

Low profile will not expose the company to the competitors hence preventing competitors from fighting back for market share (Martin 2).Maintaining ones business lead will help understand the business better. It is advantageous to be proactive and offer quality services or product consistently. Successful entrepreneurs foresee future advances in customer service, technology, production, and including them into business game plan (Martin 2). The company requires to pushing the team regularly to heights that are new through research and participating in forums to evade losing the business edge to competitors.

Works citedMartin, yosef. "How To Distinguish You rBusiness From The Competition." Young Entrepreneur Council 1.1 (2013): 1-2.

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