All about the competitive advantage

Saturday, August 15th, 2020

A competitive advantage can help set your business apart from others, and can often be what customers love about you. It happens when customers believe you offer superior products and services compared to your competitors. Why should you create a competitive advantage for your business? Successful small business owners craft a competitive strategy, which considers how […]

The components of a business model

Monday, December 18th, 2017

As we discussed in our last post, a business model is a blueprint for the business, outlining how you’re going to run your business, and how you’re going to make money. It’s made up of five elements: Business concept Value chain position Calculating customer value Revenue sources and cost drivers Competitive advantage Let’s take a closer […]

What is a competitive advantage?

Saturday, May 27th, 2017

Your business has a competitive advantage when customers believe you offer clearly superior products and service from your competitors. Successful small business owners craft a competitive strategy, which considers how their business will compete against other businesses. Why should you create a competitive advantage for your business? Many small business owners will simply try to copy what’s […]

From the archives: All about operations processes

Saturday, August 29th, 2015

Every business, whether it’s a service or a product-based business, offers some form of an operations process. If your small business has a good operations process, it can be an advantage over your competitors. Read on for more information: What is an operations process? Operations process for service vs product businesses

Where is your competitive advantage?

Saturday, October 4th, 2014

How can your business compete? Try these three ways.