D Communication Guide Nov. 2013 | Page 10

Step Two is about the strategic alignment of your business. After you have found a niche and have researched your consumer group you need to consider how you are going to implement the business idea in a way making you unique. You might believe that once you have found your niche your success is secured. However, the business world is extremely fast to change and adapt. Where yesterday you did not have any competitors today you certainly will have some. Tomorrow more. Finding a new niche gives a strategic advantage for a while but in order to keep your market position you need to create value for your consumers that cannot be copied. Business Core Strengths SWOT Threat Weaknesses Opportunities Poss age, core tenc 10