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Industry Analysis- Your business is not too small to benefit.
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Your business does not exist in a vacuum. No matter how big your business is, the ability to analyze and understand your competition is essential for success. One analytical tool is Porter's 5 Forces Analysis. These 5 forces, competitive rivalry, supplier power, buyer power, threat of substitutes, and threat of new entries, can provide information that will solidify your business integrity. Listen in to learn more.
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