Hello and welcome back to Make more, do more weekly tip #90. This week we are covering a our series of tips on “10 Tips for Start Ups” and tip #6 is…
Gaining the Competitive Edge
It’s crucial for every business, especially within the bold business world, to have some type of competitive advantage over its competition. Having a competitive advantage over your competition means that you’re one step ahead of your competition at all times. To be able to do this, you will need to invest ample time for research and planning.
How to Gain the Competitive Edge
When it comes to creating a strategy for gaining the competitive edge over your competition, you will need to take three major practices into consideration. The first is identifying and listening to your target market and competition.
- Who is your target market?
- Who is your competition?
- What are they saying?
This will help in determining who your audience is, what they’re looking for, and what your competition is up to, as well as things that you can improve on, that maybe they’re not handling so well. Second, is staying on the cutting edge by continuously doing your research, whether through forums, report analysis or other sources. And finally, using Business Information Resources to help with creating new ways of outperforming your competitors. Partnering with a virtual assistant, can be a competitive advantage over your rivals, saving you time and money.
Thank you for stopping back by for Make more, do more weekly tips! Please keep your questions coming in. I look forward to answering them. To learn more about how Rhonda’s Virtual Office can assist you with your virtual assistant needs, please visit our website at http://RhondasVirtualOffice.com and click on the contact page to get in touch today. See you next week for Make more, do more weekly tip #91.
Other articles you might find interesting:
Other articles in this series:
10 Tips for Startups
MMDM #85 → #1 Managing your Startup Costs and Generating Cash Flow
MMDM #86 → #2 Build your Business Budget
MMDM #87 → #3 Protecting your Assets
MMDM #88 → #4 What is ROI?
MMDM #89 → #5 The Business Plan
MMDM #91 → #7 Contracts, Contracts, Contracts
MMDM #92 → #8 Employees vs. Independent Contractors