7.1.3 Competitor Analysis

For this activity:

You will need The Internet and to write down your answers in your Mahara e-portfolio.

In this theme we learned that regardless of how eager an entrepreneur is to start a business; they are not adequately prepared until they understand the industry or industries they plan to enter and in which they intend to compete.  

Task: Prepare a short report on the following question: 

 Why is it important for an entrepreneur to understand the industry they compete in? 

 Once you have completed your report, create a Mahara page to present it.