Entrepreneurs need to see, capture and ride the huge waves of change as we come out of the lockdown.
The markets, post-Covid-19, will offer substantial economic opportunities for entrepreneurs that will see big unmet needs and weakened incumbents not able or too slow to react. They must likewise seek important competitive advantages in those markets that can be developed and sustained. When considering what benefit to sustain and create, market research need to be carried out. The following is a list of simply some of the ways an entrepreneurial edge might be understood after the Great Shutdown:
Market Share– The dominant player in a market may might able to control market pricingPrices vendors suppliers supply, advertising marketing or location, and labor. Brand Name– The company with the best track record for a product or service within a market sector must be able to charge a premium….