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Reply To: Should You Consider the Competition When Starting a New Business? 

 

By  Abhishek

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Even with an innovative product or service idea, you’ll always have competition in the market. It’s always important to do competitive analysis and have a better overview of your business and the ones who are already are in the market. If you’re entering a well-established market, include a list of a few companies whom you consider direct competitors and how you plan to differentiate your products or service and business from theirs.

 

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