Study your market regularly
Ameen Ahsan Muhiyidin
Guiding Partners, Founders & Family Businesses for Growth & Continuity
When was the last time you did a research on the state of your market? That is you went about studying your competitors, their strength, weakness, opportunities they created for you and threats they posed for you. I am sure a bloody majority might have never done that from the inception of their enterprise.
Most feel they "know the market" from "they see" and "hear". But these may not be the truth.
World might be changing without you noticing it. If you don't have the resources and time to do a market study, then engage a professional agency. A external agency can give you unbiased opinion.
Compete better with right perception about the market.
Best of luck for you and your enterprises!
Research & Strategy Consulting for New Ventures @
Ameen Ahsan Strategy Consulting
Guiding Partners, Founders & Family Businesses for Growth & Continuity
8 年Thanks for the comment, Shubham Chatterjee
True Ameen. Most people seem to think they know their market like the back of their hands. When business takes a hit they scramble to study the changes around them. Many a times its quite late by then.