March 31, 2025 - Our competitor analysis template will help you identify areas of competitive advantage so you can better compete in the market. Download for free.

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perspective of the business plan · reader. An effective way to present key · points from your analysis is to include · a "mini-grid" table that analyzes the · top 1-2 direct competitors and your · agency on a few of the most important · criteria. PAGE / 8 · • Do more than report the grid-based · results, provide some insight for the · reader about what this means. For · example, if there are large numbers of ·

business · • Research matrix will be messy; matrix for · investment pitches are summaries of · strongest competitors with most important · features · Finally · • Describe your competitive advantage · Benefits sell · Features tell · Examples · Specialty analysis examples

December 3, 2024 - The Competitive Analysis is important because it helps you understand your competitors and to develop strategies to differentiate your business and gain market share. Before we jump in to the next section. You can download free business plan examples written by our professionals to see how ...

Investors will also want to see an analysis of the competition in your business plan. In this guide, we’ll explore the significance of competitive analysis and guide you through the essential steps to conduct and write your own. You’ll learn how to identify and evaluate competitors to better understand the opportunities and threats to your business.

April 28, 2023 - The following is an example of a competitor analysis for a restaurant business plan which you can adapt to your own business. I would also recommend that you incorporate data from Ahrefs, Google Adwords Keyword Planner and our Foot Traffic Data Report into this section of your business plan.

September 18, 2025 - Now it’s time to conduct a competitive analysis. This section is included in virtually every simple business plan template, and the information you include will depend on several factors such as how many competitors there are, what they offer, and how large they are in comparison to your company.

February 23, 2025 - With our free competitor analysis template, you can identify who you’re up against and create a more insightful business plan.

Plus, you've unlocked access to 136 hand-built business templates! Download this competitive analysis template as an Excel spreadsheet, a Word document, or a PDF. Complete the top row with the names of your top competitors.

November 9, 2023 - Your competitive analysis should inform your marketing plan, your business plan, your consultant report and every part of your high-level business strategy. But how do you actually create a competitive analysis report? Competitor analysis can take a few different forms depending on what you’re ...

Use market research, industry reports, or AI tools like PrometAI to spot key players. Example: A fitness app identifies direct rivals like Strava and secondary competitors like wearable device apps.

This template also shows the purpose of the report, common features available in the competitors, a competitor overview table, feature analysis table, pricing analysis, and summary analysis. This PDF template is using the Input Table in order to collect and display data in a table format.

February 5, 2021 - The competitive analysis section of a business plan is roughly 1-2 pages, consisting of details such as competitive landscape, direct-indirect competitors, competitive analysis frameworks (SWOT, Porter’s Five Forces), competitive advantage, and more.

Below are eight easy steps to help you get started with conducting a competitive analysis. Before you can analyze competitors, you need to know who they are. Build a list of your competition and categorize them as: Direct competitors - Direct competitors are businesses offering the same goods or services as you are. If you’re starting a laundromat, for example, it would be the other self-service laundry businesses in your area.

February 22, 2025 - Understanding your competitive edge also helps you clearly explain what you offer later in your business plan. Also, don't forget to mention any other areas where you're better than your competition, even if it's amazing customer service or a really good reputation. Tip: A picture is worth a thousand words. Try using charts or graphs to show how your organization compares to others. Competitor analysis should also show how you plan to tackle any problems that come your way.

February 28, 2025 - This section of competitive analysis involves highlighting your competitive advantage, i.e., what makes your own business stand out in your target market—such as innovation, pricing, or better customer service that will help you outperform your competitors. For example, if you’re launching a fitness app, your competitive advantage might lie in personalized workout plans, seamless integration with wearables, and rewards-based gamification.

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November 18, 2021 - Competitor analysis is about understanding your competition by evaluating: ... So it’s less about just comparing prices and more about understanding the businesses operating in your niche, and what advantages you might have over them.

July 27, 2017 - Explore the process of competition analysis in business planning in this 5-minute video. Learn how to assess strengths and weaknesses, then take a quiz.