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Published byPhilip Conley Modified over 9 years ago
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Industry Analysis Entrepreneurship Business Plan
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History How did you come up with this business idea? Is this a new industry or older one? Tell me how the industry evolved. How and When did it start How is your business going to be unique in comparison to others.
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Size Resource - http://www.nevadaworkforce.com How many similar businesses are in – the local area –State –Nationally What is the size of your business and how does it compare to others in the area What percentage of the market dose your industry make up?
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Growth Potential Is there room for growth in the industry? –Locally –State –Nationally What is the current growth rate of your business and how does it compare to the last few years?
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Competition What business is your biggest competition? And Why How do you compete with other businesses in your area? Name several ways your business can get and keep customers from your competition. What is your competition good at that you can learn from?
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Trends What are the popular items or services in the industry? And Why Give a prediction on what items will be the next trend and why you think so. What are the benefits of knowing the trends and how can you use that information for future inventory.
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Opportunities What trends can your business follow to increase sales or profit? What strategies will you use to become successful in the industry? What opportunities do you foresee in the first year of opening and how will you take advantage of those?
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