S7 E10 Be sure your business will make money before you launch - How to outcompete your competitors with Jeremy Gray
- October 20th 2021
How to outcompete your competitors
What are your core competencies? The concept of core competency was developed by Gary Hamel and C. K. Prahalad in 1990 and discussed in their book “Competing for the future”. A core competence is something that your business has or can do strategically well. Understand your competitors’ sales and marketing strategies Talk to their customers to learn of any gaps in the product offering Is the market high service high cost or low service low price. Or a combination of both? Is there room for an outlier? What can you do better? Will you compete on price? On benefits? On convenience? Something else People buy for three reasons: You save them money; you save them time; or you make them feel good. Which can you do better than your competitors?
Tags: How to start a business; Achieve start up success; How to assess your competition; The successful entrepreneur; business common mistakes; small business startup; avoid these common mistakes of business; mistakes in business; Jeremy Gray; Practical Solutions to Difficult Problems
Practical Solutions to Difficult Problems with Jeremy Gray
After over 30 years in the MNC corporate world at the C-suite or General Manager level I am now focused on helping Entrepreneurs and SME's succeed. Using the lessons learned from working in Europe, North America and Asia while as an MNC executive along with 7 years supporting smaller businesses I bring this knowledge to my listeners. The topics will change but the message will remain the same, how to profitably grow your business.
Download the IBGR Business Growth Radio App for Android and iOS to catch the show live and gain access to even more resources. Find the IBGR Business Growth Radio App on Google Play and in the Apple App Store.