Therefore, they have to buy their food. So where Job Function Email List would your business fall on that continuum? One note here: Just because the business you are considering is Job Function Email List not completely recession proof doesn't mean that you have to toss out the idea. You just need to be aware of that vulnerability. And when the Job Function Email List good times come, stash away a hearty reserve so that you can make it through the bad times. 3. What about the Job Function Email List competition? How competitive is the marketplace you are Job Function Email List going into?
Once again, there's a continuum between a completely open market Job Function Email List (you'll be the only one) to overcrowded (it's difficult for the consumer to even be aware of, much less distinguish between, all the companies Job Function Email List out there). Obviously, with a completely open market, you will have a larger share of customers. You will have to work Job Function Email List hard, however, to get the word out about what you do. It may take some time and marketing dollars to gain traction in the marketplace.
Once you do though, it can be a Job Function Email List quick rise to success! With a crowded marketplace, you'll need to do a careful analysis of the competition. See who is doing well and who is flailing. Then you'll need to try to find out why. And you'll need to look for a way to compete-can you do it better/faster/cheaper? Or maybe you can find a new use for an Job Function Email List old product and tap into an entirely new market. Either way, being able to state your competitive advantage is key to your ultimate success. 4. What about the target market? Who are your most likely customers? Find out who they are, what they think, and what they like. Solicit their opinions on your business idea.