
Originally Posted by
AmorsoloX
when starting a biz. i advice to consider the competition
as a rule of thumb.. use this guide..
1.) can somebody else raise the same amount of capital to start the same biz?
2.) can somebody have the same skill or will it easy for somebody to acquire skill to operate the same biz?
3.) can somebody else copy the marketing strategy?
4.) how far can i expand my biz realistically?
in business.. its very important to have a trump card.. and make sure that nobody else can copy that trump card of yours..