Posts tagged Market
Competitive Analysis: Entering the Market

When preparing to enter the market with a new product or service, you must take note of the evolving opportunities and threats that can arise. By completing a SWOT analysis as part of your business plan, you can relate these external opportunities and threats to your businesses’ own strengths and weaknesses. Completing this exercise can help you determine the best time to enter the market, or even help evaluate the attractiveness of a particular market.