LinkBack URL
About LinkBacksWhen starting a business, what are some strategies to compete with established competitors that has more money and reputation than you?
Member
When starting a business, what are some strategies to compete with established competitors that has more money and reputation than you?
YE Veteran
Not giving up is about as good as i can answer with the amount of information your giving.
www.tidytax.com ; Solve your tax problems with the help of tax attorneys, certified public accountants and enrolled IRS agents.
Step one is to segment the market. Step two is to find out what each segment values. Step three is to determine the best opportunity or opportunities based on costs, competition, market trends, ability to provide value, profitability, barriers to entry, etc. It is likely that you'll be able to find niches that you'll be able to serve better than the established companies, and you'll also cue in on better ways to provide more value more efficiently.
"Where do I start?!", you ask? Pick up the phone or, even better, hit the street and talk to your potential customers.
That's not even as well as I can answer with the amount of information you're giving, but it's a start and will keep from overwhelming you with information.
Last edited by BusinessAdviser; 02-27-2008 at 02:20 PM.
Posting Permissions
Featured on:
Copyright © 2011 Entrepreneur Media, Inc. All rights reserved.
Disclosure: You should assume that the owner of this website is an affiliate for providers of goods and services mentioned on this website and in the videos. The owner may be compensated when you purchase from a provider. Perform due diligence before purchasing from this or any other website.
Reply With Quote