INDUSTRY/COMPETITION WORKSHEET SELECT AN INDUSTRY AND AN EXISTING BUSINESS WITHIN THE INDUSTRY. Industry Structure and Trends Factors Questions Industry Structure Comment on the overall industry size (# of competitors) and distribution of locations (many in small area or few and spread out) What has been the overall pattern of growth in the specific business industry in the last 5 years? What is expected to be the pattern of growth in the specific business industry in the next 2-5 years? Overall Industry Trends and Forecast Current Market ______________ New Market________________ Risk/Barrier or Opp. Competition (List any business competitors (Primary or Secondary) that could impact your business) Similar Businesses in New Location Primary Competitors These are businesses that are exactly the same type as yours For Strengths/Weaknesses try to find data on sales trends, profits market share and trade statistics Could also consider good/bad PR Link to unique aspects/differences for your product/service or Opportunities Secondary Competitors These are businesses that are similar or in the same sector that could compete with your business. Example – bowling alley could complete Name and Location (not always in same city to have an impact) Products/Services Offered Strengths/Weakness to Your Business Threats/Opps for Your Business with movie theatre for entertainment dollars Same considerations as primary References