Starting a New Business Flashcards
Key Points for Additional Scenarios
1
Q
- Investigate Market: a
A
Who is our competition?
2
Q
- Investigate Market: b
A
What market share does each competitor have?
3
Q
- Investigate Market: c
A
How do our competitors’ products or services differ from ours?
4
Q
- Investigate Market: d
A
Are there any barriers to entry or exit?
5
Q
- Management: a
A
How experienced is the management team?
6
Q
- Management: b
A
What are its core competencies?
7
Q
- Management: c
A
Have they worked together before?
8
Q
- Management: d
A
Is there an advisory board?
9
Q
- Market and Strategic Plans: a
A
What are the barriers to entering this market?
10
Q
- Market and Strategic Plans: b
A
Who are the major players and their respective shares?
11
Q
- Market and Strategic Plans: c
A
What will the competitive response be?
12
Q
- Distribution Channels: a
A
What and how many distribution channels can we rely on?
13
Q
- Products and Services: a
A
What is the product, service or technology?
14
Q
- Products and Services: b
A
What is the competitive edge?
15
Q
- Products and Services: c
A
What are the disadvantages?
