What is distance between where you want to open business

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The text emphasized that entrepreneurs gain a competitive advantage when they assess their external environment independently. Recall the eight critical steps discussed in the analysis of the external environment. The last step in the assessment was to determine your competitive advantage.You are a motivated entrepreneur and your new business goal is to open a/an State your business ( for example- GYM). You started your business plan and the next item on your agenda is to analyze the external environment. The final step in your external analysis is to assess how you will gain a competitive advantage in your industry.Discussion Questions:

Perform a google search with the key words "stating your business type" in the location where you plan to open your new business.

How many similar businesses did you find?

What is the distance between where you want to open your business versus the location of the other competitors?

Summarize how you will gain a competitive advantage over the competition.

Reference no: EM133392632

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