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4 Ways To Keep Up On Industry Trends

October 3, 2006 by Rich Whittle | 3 Comments


The Small Business Buzz:

In order to keep your business in top form it is imperative to be aware of emerging trends within your competitive marketplace.

Here are 4 tips to help you keep up on industry trends:

1. Set specific investigative times. Set a time for yourself in order to research your sector for new trends.

2. Make trend spotting part of your daily routine. Get into the habit of researching every day at the time you chose.

3. Persistently investigate competitors. Disect their offerings and compare it to yours.

4. Utilize the power of the Internet. Use Google Alerts to notify you by email when a story featuring your industry is published.

Photo by asifthebes.

In Competition, Ideas, Operations, Tools | 3 Comments

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Comments

  • Brian McLaughlin on October 3rd, 2006 4:48 pm

    Be flexible about the firms you think of as “competitors” – some are less obvious than others; (Southwest Airlines has to consider the entire transportation industry, as well as its suppliers, and pending legislation to keep abreast of the market landscape)

  • Blog Business Summit on October 4th, 2006 4:40 pm

    RSS … the easy way to keep up on industry trends…

    Over on the Business Opportunities Weblog Rich presents the 4 ways to keep on your industry’s trends.  The four ways are pretty straightforward:  1. Set specific investigative times. 2. Make trend spotting part of your daily routine. 3….

  • pimpyourwork.com » Blog Archive » RSS at work, keep up, keep your edge, stay ahead on October 5th, 2006 11:53 am

    [...] Over on the Business Opportunities Weblog Rich presents the 4 ways to keep on your industry’s trends.  The four ways are pretty straightforward:  [...]

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