Many Entrepreneurs get confused when asked to define their competitive advantage. They most likely know what it is, but don’t know what someone wants to hear their competitive advantage is, or the correct terms to define that competitive advantage. Today, we’re going to make it dead simple. No need for complicated MBA terms here today…. Read more
Tag Archives: Competitive Advantage
10 Tips to Creating a Competitive Advantage
Knock out your competition by creating a competitive advantage! The big corporations do a good job in creating a competitive advantage over you that can be summed up in one word: money. And lots of it. But how did they get there, and how can you be creating a competitive advantage for yourself, with nothing… Read more
How Do They Do It? Facebook and Apple’s Competitive Advantage
There’s a reason why youngsters flock to Facebook and diehard geeks go gaga over Apple products – these companies have managed to set themselves apart in their respective fields with their distinct features and style. In a world where a person’s virtual life would be incomplete without a Facebook account, as an entrepreneur you’ll need… Read more
Competing as the Little Guy
No business is exactly the same, no Entrepreneur is exactly the same. So it’s up to you to choose the best competitive advantage specific to…your business. Here is the basics on competitive advantages, the good, the bad, and some examples of each competitive advantage. What is a Competitive Advantage (skip this part if you already… Read more
The Know How Competitive Advantage
Many great small and large businesses I know have one vary rare and different competitive advantage – the specific know how of their market. The “know how” competitive advantage is those Entrepreneurs that when asked the secret to their success, the response is “I just know how”. It important to note that while this competitive… Read more
Choose Your Competitive Advantage
Your competitive advantage determine if your business will fail or succeed. Example and advantages for establishing a competitive advantage are listed here. Less Cost as Your Competitive Cost Advantage Less costs is a major competitive advantage for many businesses and new ideas. In a broader sense, it’s really just a cost differential strategy. Customers tend… Read more
Your Competitive Advantage
Your competitive advantage, it’s a big part of your concept. It’s really what determines your success or failure. There will always be competitors, but you still need to differentiate yourself from them. What makes you different? Is your competitive advantage your product, or is it external factors? You know when you’ve gained your competitive advantage:… Read more
What's Your Competitive Advantage?
While researching my own competitive advantage, I google it and up comes this MBA guide. It’s overcomplicated. So, I’ve decided to interpret it for us Entrepreneurs. In order to have a competitive advantage, your product should offer one of the following: Lower Prices Value Added Many “real world” business professionals I know say it actually… Read more
