Tips on how to Understand Your Industry!

Tips on how to Understand Your Industry!

November 06, 2020

Understanding Your Industry 

Dear ,

Once you have defined or settled on a business opportunity you think has the potential to become sustainable and scalable, the next step is to understand the industry.

To understand the industry you want to play in, some of the key questions you need to answer include:

  • What is the size of the industry?

  • What is going on in the industry? 

  • Is it a saturated industry?

  • What are the entry barriers and exit barriers?

  • What are the growth enablers and obstacles in the industry?

  • Who are the key players in their industry?

Stay Safe!Sincerely,Oluchi Johnson-AchibiriCommunity Manager, msmehub.orgFATE Foundation1st Floor, Water Corporation BuildingIjora, Lagos

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