Is your industry attractive.
An attractive Industry is one where you can ‘compete’ differentiate yourself and can develop a strategy that will establish yourself.
To assess your chosen industry you need to look at the suppliers within it and be asking the following types of questions at the micro level:
i. Is the business model viable?
ii. How is the relation of revenue to the capital investment required?
iii. How much is the cost of customer acquisition and customer retention?
iv. How long does it take to obtain a customer?
v. How good is the contribution margin?
vi. What are the characteristics of the operating cash cycle?
We can do the above through desk based research, blind market analysis or facilitated workshops with both your team and external ‘experts’
Who is workshop feasibility studies or research activities for?
These engagements are designed for entrepreneurs who have identified a business opportunity and are ready to take their plans to the next level. It’s also a useful engagement for practitioners in business who would like a more thorough understanding of their competitors – perhaps to identify new opportunities, respond to trends or to realign resources.
Industry Assessment Workshops: Priced by the hour. £50.00 per hour for prep time and presentation time plus travel and material expenses.
If you want your ‘industry’ idea assessed by ‘mature’ students studying for a Global MBA please contact us.
What you get/benefits.
Undertaking an engagement with Bubbles Consultants and Associates allows you to understand your competitive landscape and benefit from the industry knowledge and practical experience of seasoned professionals.
If you’re ready to take your idea to the next level, talk to us today. We can help you evaluate your market and identify where you can deliver the most benefit – for your audience, and for your business.
Click here to go to the contact page and request a conversation.