<ul><li class="ql-align-justify">Being the biggest isn’t always best – being the biggest in your market is.</li><li class="ql-align-justify">More production = lower cost per item.</li><li class="ql-align-justify">Lower costs make it hard for others to compete.</li></ul>

7. Big Size Helps – But Only If It Matters

<ul><li class="ql-align-justify">Don’t overthink business strategy.</li><li class="ql-align-justify">Focus on what really matters – competition.</li><li class="ql-align-justify">The key is to find what stops others from copying your business.</li></ul>

1. Keep Strategy Simple

<ul><li class="ql-align-justify">Keep costs low and work smart.</li><li class="ql-align-justify">Focus on being better, faster, or cheaper.</li><li class="ql-align-justify">Know that profits will be small if others can copy you.</li></ul>

5. When You Don’t Have an Advantage

<ul><li class="ql-align-justify">Don’t fight the big guys directly.</li><li class="ql-align-justify">Start small – pick a corner of the market they ignore.</li><li class="ql-align-justify">Grow slowly and learn as you go.</li></ul>

9. How to Enter a Market

<ul><li class="ql-align-justify">A “barrier” means it's hard for others to enter your market.</li><li class="ql-align-justify">If it’s easy to copy you, you’ll lose money fast.</li><li class="ql-align-justify">Strong barriers = fewer competitors = more profits.</li></ul>

2. Barriers to Entry Are Key

<ul><li class="ql-align-justify">Protect what makes you special.</li><li class="ql-align-justify">Keep customers happy and loyal.</li><li class="ql-align-justify">Don’t let new players take your spot.</li></ul>

6. If You Have the Advantage – Defend It!

<ul><li class="ql-align-justify">When markets grow fast, new players jump in.</li><li class="ql-align-justify">Your old tricks might not work anymore.</li><li class="ql-align-justify">Keep improving or you’ll fall behind.</li></ul>

8. Fast Growth Can Be Risky

<ul><li class="ql-align-justify">Always think: “What will competitors do if I do this?”</li><li class="ql-align-justify">Don’t make moves blindly – plan carefully.</li><li class="ql-align-justify">Play to your strengths and protect your position.</li></ul>

10. Make Smart Business Moves

Simplicity is the ultimate sophistication.

<ul><li class="ql-align-justify">Supply advantage – you get things cheaper or better.</li><li class="ql-align-justify">Demand advantage – customers love your brand and won’t switch.</li><li class="ql-align-justify">Economies of scale – you’re big, so your costs are low.</li></ul>

3. 3 Ways to Beat Competition

<ul><li class="ql-align-justify">It has loyal customers or cost advantages.</li><li class="ql-align-justify">It keeps making good profits year after year.</li><li class="ql-align-justify">No one can easily copy or beat it.</li></ul>

4. Spot a Strong Business

The Strategy Secret 90% of Businesses Miss!

Bruce Greenwald, one of the nation's leading business professors, presents a new and simplified approach to strategy that cuts through much of the fog that has surrounded the subject. Based on his hugely popular course at Columbia Business School, Greenwald and his coauthor, Judd Kahn, offer an easy-to-follow method for understanding the competitive structure of your industry and developing an appropriate strategy for your specific position. Over the last two decades, the conventional approach to strategy has become frustratingly complex. It's easy to get lost in a sophisticated model of your competitors, suppliers, buyers, substitutes, and other players, while losing sight of the big question: Are there barriers to entry that allow you to do things that other firms cannot?

3. 3 Ways to Beat Competition

Similar ideas to 3. 3 Ways to Beat Competition

When to use usage based pricing

Tips To Begin Building A Community

Show conflict