When you think of your competition, who comes to mind? For many, there are quite a few businesses who offer a similar service or product, which make it hard to differentiate oneself in the market.
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So, if you're struggling with competition and considering switching business models - or if your new idea includes a never-before-been-done business model, here are four tips for forging it successfully.
When you notice major trends such as the rise of the sharing economy, ask yourself, "How can I better fit my product or service within this larger trend?" It will also help in brainstorming new ideas too.
This may worth something:
Small Business Impacted by New 14th Street Busway
NEW YORK - Diane Cohen admits she walks along 14th Street a lot less these days now that traffic is banned so buses can move quickly across the thoroughfare.
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"Before it was like 20-30 customers at this time. Now there's only one," said Nishwan Alabel, owner of Big Famous Deli & Grocery.
The owner of the Big Famous Deli & Grocery near 9th Avenue says business plummeted following the creation of the Busway in October.
Grand Forks manufacturing business gets new laser, and looks forward to reduced fabrication time
Powerful San Fernando Valley business group issues its 2020 legislative priorities – Daily
The Valley Industry and Commerce Assn., a powerful business lobby in San Fernando Valley, has released its list of legislative priorities for the year.
“For the last two years, our membership has determined that our main priority and focus should be to support policies that will help provide and develop more housing and shelter,” said VICA President Stuart Waldman in a statement. “The housing and homelessness crisis is continuing to worsen, and we believe the business community plays an important role in developing policies that will generate real solutions.”
Other things to check out:
Amway sued by 'independent business owner' claiming employee status - Los Angeles Times
Amway Corp. has long faced controversy over its multilevel marketing business model. Now, the family-owned direct sales giant is accused in a lawsuit of ripping off the people who peddle its products by failing to pay them minimum wage.
Amway relies on what it calls "independent business owners," or IBOs, who pay fees and buy its merchandise to sell to others, historically friends and neighbors. "Outside salespersons" are not typically treated as employees under California law, but William Orage claims in a suit filed Friday in state court in Oakland that his "principal task" at Amway was not sales but the recruitment of new IBOs to pay Amway more fees and buy more products.
Cleaning business to open Jan. 21 | Robesonian
LUMBERTON —The Lumberton Chamber of Commerce will cut the ribbon on MAID in HIS Likeness, the latest cleaning service to open its doors, on Jan. 21.
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The business is owned by Markeyshi K’Patrick. It hours of operation will be Mondays through Fridays from 7:30 a.m. to 5 p.m. each day. It offers residential and commercial cleaning services. The business will employ eight people, K’Patrick said.
LUMBERTON — The 2020 Cape Fear Regional Cattle Conference has been scheduled for Jan. 28 at the Southeastern N.C. Agricultural Events Center.
Summit Chamber opens nominations for business awards | SummitDaily.com
Nominations are open for the fourth annual Business Excellence Awards, which are put on by the Summit Chamber to recognize the best businesses in Summit County.
Categories this year include: Small Business of the Year, Medium Business of the Year, Large Business of the Year, Customer Service Champion, Best Place to Work, Best New Business, Marketing Champion, Environmental Champion, Workplace Wellness Champion and the Ben Fogle Award.
Nominations are due by Jan. 31 at summitchamber.org . The awards ceremony will be held April 9 at Silverthorne Pavilion.
Thieves rob two women at Detroit business
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The robbery happened shortly after 9 a.m. Sunday at a business in the 4600 block of W. Vernor in Detroit. Police say two women, a 20-year-old and 28-year-old, were approached by two people outside the business.
Happening on Twitter
https://t.co/iFJeRqr6dj ForbesWomen (from New York) Sat Jan 11 12:52:16 +0000 2020
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