Top 10 Things You Need to Know

Here are 10 questions every entrepreneur should be able to answer.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

1. Who are my competitors?
2. What are their financial resources?
3. How do they market their products or services?
4. How many employees do they have?
5. Where are they located?
6. How do they treat their customers?
7. What are their pricing strategies?
8. What are their main strengths, and can I meet--or exceed--them?
9. What are their biggest weaknesses, and how can I do better?
10. How will they react to my entry into their territory?

Excerpted fromGet Smart: 365 Tips To Boost Your Entrepreneurial IQ

More from Entrepreneur

Corene Summers helps clients advancing their health, careers and lives overall through reducing stress, tension and optimizing sleep.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur