But the big question is, when was the last time you led one in “real life”? Exactly, probably never. However, what if I told you that analyzing your competitive landscape is actually one of the skills that proves extremely useful even after you graduate? In fact, understanding your environment is one of the most crucial factors if you want to position your business for long-term success, regardless of whether you operate at a large corporation or run a small startup. While large companies often have many people dedicated to work, founders and small startup teams don’t yet have the respective workforce and tend to find themselves between a million tasks. ?
Being so focused on structuring and growing your
Being so focused on structuring and growing your own business often leaves little to no room for looking out the window. But this is a huge mistake – especially for start-ups! You are reading point 73 of our 102 point SEO checklistGet the complete SEO checklist and start taking ALL the steps you need to rank at the top of Google. Reveal SEO Honduras Phone Number List Checklist John Abott SEOBuddy’s SEO checklist is awesome. It doesn’t just tell you what to do, it walks you through the process. 4 What exactly is competitive analysis and why do you need it? A competitive analysis is a structured assessment of your business environment. It aims to understand your added value and your position in the market compared to other players in the field. What are they good at? What are their weaknesses? And most importantly: how can I make sure they don’t steal my customers and my business?
In today’s hyper-competitive environment
n today’s hyper-competitive environment, no one (especially start-ups) can afford to split their piece of cake with someone else. While it’s rather tempting to avoid looking outside altogether (and there are a million other things to do in the early stages anyway), it’s extremely important to do so regularly. Because at the end of the day, you don’t want to end up like a boiled frog. Wait what? What’s a frog got to do with my business? ?? More than you think! “Really??!!” meme The boiled frog is one of the few concepts I remember (actually!) from college. It’s simple but quite interesting: You probably haven’t spent a second in your life thinking about what happens if you throw a frog into boiling water. I’ll tell you what happens: he’ll immediately jump – obviously trying to avoid the deadly water. But now the cool part: if you put a frog in cold water and THEN heat it up, it will stay motionless, not realizing it’s boiling to death (at least that’s what they say –