Market share projection tips for small businesses

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Negocios internacionales
maira sepulveda
Mind Map by maira sepulveda, updated more than 1 year ago
maira sepulveda
Created by maira sepulveda about 5 years ago
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Resource summary

Market share projection tips for small businesses
  1. Companies require
    1. increase sales and market share to achieve success
      1. to obtain success it is important to taje into account
        1. determine the size of the market
          1. It is essential to calculate the potential consumption within the market by looking at how many units all your customers can buy in a year
            1. ¿ How can a company project its future market sharen ?
              1. Determining how much the business can take from its competition because each business is different
                1. As an entrepreneur your sholuld consider
                  1. How to take advantage of the mistakes mae by the competition
                    1. Have new products and customers indicated
                      1. How to improve the marketing approach
                        1. Have contractual agreements on supplies with your customers
                          1. Make a study to know which is the most purchasad producto
                  2. Determine the current business related to the potential business
                    1. any company should be abie to quantify its ixisting business
                    2. Determine the current market share
                      1. This implies dividing the business by the total size of the market and so the variables get how profitable the business is
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