One of the biggest mistakes many entrepreneurs make when talking to investors for the first time is saying that they have no competition. It’s rare that there’s no one else doing something similar to your company. Even if this is true in your case, you’re always competing with organizations that target a similar audience to yours.
Whether their product or service is different or not
These companies are your competition. They are usually large, established, and have many more resources than you. It is best to know them and have a plan to fight them.
Forget the story that being a small start-up has many advantages because what counts today is flexibility. This may be true to a certain extent but when you try to drag blocks of stone that stand in your way with a rubber band, you will know what I am talking about. Don’t get me wrong, I agree that today the biggest does not win, but neither does the fastest, as they say. The winner is the one who best knows how to adapt to the circumstances by showing the greatest agility.
If you are a small company competing with the big companies, you have the tools at your disposal to gain ground and, over time, even the battle. There are no guarantees of success, but if you do things right and are consistent, you can achieve good results.
1. Better knowledge of the customer and their guatemala phone number library needs : As a start-up, you can stand out by showing a better understanding of customer problems and by providing products to solve them. In large companies, you always have the case of people who are responsible for important clients without really having the appropriate skills. It cannot be said that in general, in established organizations, only individuals work without having sufficient skills to perform their tasks well. Even so, their percentage is usually much higher than in start-ups. If you identify these weak points, you have the opportunity to steal customers from a large competitor.
Stronger local presence
Many start-ups are born from the example of a large company that does not have a local presence. The Spanish market may be sufficient for a project if you don’t want to convert images that is just starting out, but it may be more difficult for organizations with high cost structures to make it profitable. For many clients, it is an important advantage to have a supplier just a phone call away because they are located in the same city or a short distance away. Having to wait at least 48 hours until someone from the United States arrives on the next flight saudi data to solve the urgent problem can be a key argument in favor of a local start-up over an established company.